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Rumour that US President Biden will accept a 25% corporate tax rate (instead of 28%)

A report on US political maneuvering via Axios  Axios link for further details --- The background to this is Biden wanting the higher corp tax rate to help 'pay' for his infrastructure proposals. 

Bitcoin weekend price drop, explanation #2 (or is it #3?) is the China power blackout

If you've been out and about on the weekend and missed the moves, BTC has given back some of its recent gain: As for the headline to this post, here is the argument on China's power blackouts triggering the drop:

UK data - Rightmove house prices for April +2.1% m/m & +5.1% y/y (prior 0.8% m/m and 2.7% y/y)

Rightmove reports on asking prices for homes in the UK  (as an aside the asking price for my home is a low, low gazillion, in bitcoins that is)  Back to the UK:

US authorities warn consumers of the danger of Peloton exercise machine

Peloton is one of the new darlings of the stock market, its exercise bike caught on big time and it has since expanded into other machines. The notice from the US Consumer Product Safety folks on the treadmill, the Tread+, might send a shudder through super-heated US stock markets:

New Zealand services PMI for March 52.4 (prior 49.1)

BNZ - BusinessNZ Performance of Services Index (PSI) BusinessNZ chief executive Kirk Hope BNZ Senior Economist Craig Ebert NZD is barely moved on the data, it is usually non-responsive to this data point release.

ECB, BOC, PBOC all on the docket this week

European Central Bank monetary policy the big one.    People's Bank of China 1 and 5 year loan prime rate (LPR) setting Tuesday 20 April 2021 the Bank of Canada 

Canada's Budget to include tax on residential property owned by non-residents

Reports on what is, and is not, to be included in Canada's upcoming Budget announcement Canada's budget to be presented to parliament on Monday at about 4 pm local (2000 GMT)

ICYMI - Reports China has given banks permission to import large amounts of gold

This an ICYMI on reports that Chinese authorities have given domestic and international banks permission to import large amounts of gold into the country Reuters cited 5 sources for the information

Bitcoin weekend price drop - biggest in nearly 2 months

Only last week BTC hit a new record high (on approach to USD65K) and over the weekend just past its dropped back. If you are after an explanation the one that seems most logical is the speculation that the US Treasury may crackdown on money laundering conducted via digital assets.

Trade ideas thread - Monday 19 April 2021

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:         

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