Jan 14, 2021 20:22 GMTFXStreet News
EUR crosses catch a bid on a softer dollar following Fed’s Powell’s remarks.
EUR/USD bulls not out of the woods yet from a technical standpoint.
EUR/USD is currently trading at 1.2157 having travelled between a range of 1.2111 and 1.2179 on the day so far, catching a bid on Federal Reserve Jerome Powell’s remarks.
Today’s speech by Fed Reserve Chairman Jerome was being closely scrutinised for signs of potential changes to monetary policy.
There has been a fair bit of discussion from Fed speakers of late about an exit strategy and tapering.
The Fed is currently buying US$120bn of US Treasury bonds and mortgage-backed securities every month but at some point, this spending will be tapered back.
Jan 14, 2021 20:02 GMTFXStreet News
XAU/USD prices have risen to around the $1850 mark in recent trade, amid a choppy but broadly weaker USD.
Though Powell was an important event, the main event in the eyes of the market is coming during Friday’s early Asia Pacific hours.
XAU/USD prices have risen to around the $1850 mark in recent trade, amid a choppy but broadly weaker USD. At present, gold trades higher by about 0.2% or just under $5. Lending support to the precious metal was dovish-sounding remarks from the Chairman of the Federal Reserve Jerome Powell, as well as a mild pick-up in inflation expectations.
$4 In My Bank Account: Pandemic Has Left Millions Of Livelihoods In Limbo
By Lauren Hodges
December 21, 2020
By the end of last year, the door to a dream had begun to crack open for Lilli Rayne.
She’d spent about five years building her dog-walking and pet-sitting business into a profitable venture in Asheville, N.C.
“My whole life had been entirely where I wanted it to be at that point,” she recalls.
As she built her business, Rayne also left behind her history of less-than-stellar credit.
“For the first time in my life, I had a credit score that I could have finally bought a home with,” she says, a dream she’d had her entire adult life.
Listen • 8:00
More than 10 million people are currently out of jobs, and the hardest hit industries are also some of the lowest-paying, including retail, leisure, hospitality and tourism.
By the end of last year, the door to a dream had begun to crack open for Lilli Rayne.
She d spent about five years building her dog-walking and pet-sitting business into a profitable venture in Asheville, N.C. My whole life had been entirely where I wanted it to be at that point, she recalls.
As she built her business, Rayne also left behind her history of less-than-stellar credit. For the first time in my life, I had a credit score that I could have finally bought a home with, she says, a dream she d had her entire adult life.
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