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Day: August 20, 2021

August is usually volatile for the market, but the Fed is a wild card and could agitate things further

A trader works on the floor at the New York Stock Exchange (NYSE) in New York, August 20, 2021. Andrew Kelly | Reuters The markets: It’s August, but it’s also Covid. Normal August trading flows are being greatly complicated by the delta variant. A third but still important complication — increasingly authoritarian action in China …

August is usually volatile for the market, but the Fed is a wild card and could agitate things furtherRead More

Week Ahead – Fed Taper: Will They or Won’t They? Splits Loom Over Jackson Hole

The upcoming week will kick off with a bang as the flash PMI readings for August will flood the markets on Monday. However, it might go all quiet after that before Fed officials gather at Jackson Hole later in the week for this year’s economic symposium, which is set to be dominated by discussions on …

Week Ahead – Fed Taper: Will They or Won’t They? Splits Loom Over Jackson HoleRead More

Forward Guidance: Canadian Business Optimism Clouded by Escalating Input Costs

A quieter flow of economic data next week will highlight the ongoing recovery in hard-hit service sectors. Our own tracking of credit card transactions is pointing to an increase in food services sales that exceeds the 4.2% rebound in retail sales in June. And stronger gains likely took place in July as the economy emerged …

Forward Guidance: Canadian Business Optimism Clouded by Escalating Input CostsRead More

Canadian Dollar Stays Weak after Retail Sales

Canadian Dollar is trading as the worst performing one today and slightly weaker than expected retail sales data provide little help. Persistent weakness in oil price is weighing down the loonie, together with overall negative sentiment. Overnight development is unchanged that Dollar, Yen and Swiss Franc are the strongest while commodity currencies are the weakest. …

Canadian Dollar Stays Weak after Retail SalesRead More

US Dollar Index Outlook: Dollar Hits New Multi-Month High

US Dollar Index The dollar index extends gains into fifth straight day and hits new highest levels since early June on Friday. Global risk aversion on growing fears over consequences of fresh spread of Delta variant which already caused new lockdowns in some countries and overheated situation in Afghanistan, prompted investors from riskier assets into …

US Dollar Index Outlook: Dollar Hits New Multi-Month HighRead More