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USDCAD TECHS

Consolidation Mode But Remains Bearish

AUDUSD TECHS

Fails To Hold Onto Thursday’s High

US

'Big Tech' Bill Goes To Senate

COMMODITIES

Oil Up For Fifth Week On Supply Disruption, Geopolitics

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He says that the direct effects of Covid have attenuated. The last lockdown's effect on GDP was not as big as the first lockdown. The first impact of Covid was to increase consumption of goods rather than services - pushing up global goods consumption. In western world direct impact attenuated by vaccines and boosted doses. But places like China will shut down whole sections of the economy, which has impact on supply chains (second direct impact).