Don’t miss this month’s edition of the George Davis Report, where George uses quantitative and technical analysis to put the recent CAD rally in a historical context.
What you need to know
The Canadian dollar is the strongest performing G10 currency against the USD this year.
We dig into our quantitative and technical analysis toolbox to examine the gains in a historical context.
Booming commodity prices and the resulting improvement in Canada’s terms of trade have been positive catalysts for CAD.
Equities, interest rates and the USD are other factors that should be considered and ranked to determine the most important cross asset influences.
Price levels from 2017 and 2015 now feature prominently from a technical perspective for USD buyers.
For the trading range:
USD/CAD
Buyers
1.1900/1.2000
Sellers
1.2400/1.2500
This video is part of our monthly George Davis Report series, with ad hoc reports brought to you as current.