Market focus

On Wednesday, August 21, the economic calendar will be full of significant statistics, especially its second half.

So, at the American trading session, it is worth to highlight data on consumer inflation in Canada. One can expect a slowdown in this indicator, especially in the context of a growing recession.

From the US data it is worth noting: data on sales in the secondary market and EIA weekly oil inventories. At the end of the day, the FOMC protocol will be published, which may cause an increase in volatility in the US dollar if investors see hints of changes in US monetary policy in the text of protocol.

Anton Hanzenko