Hobbes

#USOIL# As you can see on the daily there is what I call a counter trend consolidation. You don't always have to be in a trade. Sometimes the trades you don't take make all of the difference. I just sit and wait now for the momentum to return in oil . No catalyst. No trade

Reuters reported that the recovery in China's service sector activity extended into a fourth straight month in August, an industry survey showed on Thursday, with companies hiring more people for the first time since January. The Caixin/Markit services Purchasing Managers' Index (PMI) slipped to 54.

Gold (XAU/USD) lost over 3.50% on Wednesday to settle at $1930. So far this Thursday’s trading, gold rises from multi-day lows of $1924.83 to $1950, up 1.10% on the day. Nevertheless, gold’s bounce is expected to be short-lived as USD bulls hold the reigns, according to FXStreet’s Dhwani Mehta. Key

Photo: Finance Magnates   The United States Postal Service (USPS) has filed a patent for a blockchain-based mail-in voting system, according to documentation published on the United States Patent and Trademark Office website late last week. A paragraph in the filing notes that the blockchain platf

AUD/USD bounces off fresh eight-day low of 0.6809. Sellers cheer the break below mid-January top to visit an ascending trend line from March 19. 200-day SMA offers additional support during further downside. AUD/USD drops to the near-term key support line while taking rounds to 0.6820 amid the Asia

US yield curve flattened for the third straight day on Wednesday. Fed policymakers discussed yield curve control and retained record low rates. The US yield curve, as represented by the spread between the US 10- and two-year yields, flattened for the third straight day on Wednesday, as Federal Rese

Risk appetite is back driving the global financial markets, after biotech company Novavax said it has started phase 1 human trials of coronavirus vaccine candidate. DOW future points to a breakout from recent rally for rally resumption. Dollar, Yen and Swiss Franc are decisively sold off across the

Ahead of Thursday's holiday for Vesak Day, the Indonesia stock market had finished lower in two of three trading days since the end of the four-day winning streak in which it had advanced more than 220 points or 4.9 percent. The Jakarta Composite Index now sits just beneath the 4,610-point plateau a

The recovery is likely to be slower than the Bank of England's illustrative scenario, and that means quantitative easing is likely to be boosted over coming months. An opportunity to take stock Having thrown the kitchen sink at the economic recovery - and been unafraid of acting in between meetings

According to the latest data published by the Bank of Japan (BOJ) on Thursday, the Japanese central bank’s holdings of commercial paper jumped nearly 30% in April, as the bank stepped up measures to support the domestic companies hit by the coronavirus pandemic, per Reuters. Key quotes Its holdings