The greenback's recent surge will last less than three months, according to a majority of 80 strategists polled by Reuters between Sept. 28 and Oct. 5. The dollar index, which gauges the greenback's value against majors, rose from 91.75 to 94.74 in the first three weeks of September and was last see

Daily Pivots: (S1) 0.8933; (P) 0.8969; (R1) 0.8990; Intraday bias in EUR/GBP remains neutral for the moment. On the downside, firm break of 0.8944 support will come with firm break of 55 day EMA. That would argue that rebound from 0.8670 has completed. In this case, intraday bias will be turned to t

Gold is bounded by daily support and resistance ahead of the Jackson Hole event. Inflation will the theme again this week as the Fed Chair delivers insights to the road ahead. The market has started to liquidate longs, by then again, the positioning data is old news by now. Speculators were quick t

Photo: Robinhood As part of its aggressive hiring spree, Robinhood recently announced that it has added two new members to its legal leadership, with Christina Lai and Lucas Moskowitz to both serve as VPs and Deputy General Counsels. Both of the new recruits to Robinhood will report to Chief Legal

Gold recovers losses, as the bulls look to regain control amid persistent downbeat tone around the US dollar. The greenback remains undermined by the sharp drop in the US Treasury yields, fiscal impasse and US-China optimism.   The yellow metal will continue to track the dollar moves amid a lack of

In an interview with the Financial Times (FT), the European Commission Executive Vice President Valdis Dombrovskis warned the banks in the city of London that they will have a longer waiting period for market access after Brexit. Key quotes “City of London may have to wait beyond the end of this yea

Sustained USD selling assisted EUR/USD to attract some dip-buying on Friday. The impasse over the fiscal stimulus measures continued undermining the USD. The upbeat market mood further weighed on the greenback’s safe-haven status. The EUR/USD pair witnessed a modest intraday pullback on Friday, alb

GBP/JPY eases from 5.5-month high, takes a U-turn from ascending trend line established since March 02. Overbought RSI conditions suggest pullback, 61.8% Fibonacci retracement adds to the support. Bulls can aim for the early-February low beyond a sustained rise past-140.00. GBP/JPY drops to 139.56,

Age group demographics show millennials have the highest unemployment rates now. Millennials Hard Hit Twice Millennials were hit hard in the Covid recession and the Great Recession as well. Generations Defined The above chart from Think Tank - Defining Generations In 2019 Millennials were ages 23