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:         

US Senate Republicans could be supportive of a smaller Infrastructure Bill

The Wall Street Journal with the report,    link here (may be gated) Check out that link above for more if its accessible Cornyn was speaking on Fox,  

Economic calendar due from Asia today - Monday 19 April 2021

None of these are likely to move FX much upon release.  2130 GMT New Zealand services PMI for March 2301 GMT UK data - Rightmove house prices for April

UK navy ships to head to the Black Sea in May (re rising Ukraine-Russia tensions)

A weekend news item re developments over strains on the Russia-Ukraine border Part of a move by NATO allies to support Ukraine Media reports on what assets are being sent, to be dispatched from a carrier group currently in the Mediterranean Sea::

Monday morning open levels - indicative forex prices - 19 April 2021

Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week! Some small change from late Friday levels:Be back soon with weekend news. 

Black Sunday for crypto as bitcoin and others plunge

Various cryptocurrencies fall 20%. A look at insider selling at Coinbase Just days after hitting a record high of $64,899, bitcoin had its worst day in seven weeks, falling as much as 15% before trimming the decline to 9% and trading at $55,260.

Goldman Sachs says it's time to buy the euro

Goldman Sachs sees upside for the euro The euro spent the latter part of the week flirting with 1.2000 but unable to break above. Analysts at Goldman Sachs believe that it's only a matter of time until it breaks through and runs to 1.2500. They've raised their three-month EUR/USD target to that level from 1.2100.

Non-trend transitions to Trend. Make that simple phrase a part of your trading mindset.

Learn how to catch more trends by following that simple trading mantra Many traders look at sideways markets as a time to fall asleep and ignore that market or specific currency pair. In reality, there comes a time in the sideways markets, where you need to become uber aware of the price action. The reason?  Non-trend transitions to trends. 

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