The George Davis Report: June 2020 Edition
By
George Davis, CMT
Published June 16, 2020
|
10 min watch
A monthly video series on the trajectory of the Canadian dollar
In this edition of the George Davis report, George invited some of our summer interns to raise questions pertaining to the Canadian dollar and economy based on their experience so far.
While equities are currently a more important driver of CAD than oil, we discuss some factors that could make oil prices more relevant again {1:10}.
We assess the chances of seeing negative interest rates in Canada and the potential impact on CAD {3:05}.
Expected trends in unemployment, implications and the sectors most impacted by COVID-19 are reviewed {5:19}.
We discuss the risks around the recent CAD rally and factors that could potentially push USD/CAD back toward the 1.3800/1.4000 area {7:33}.
Hedging Strategies:
USD/CAD
This video is part of our monthly George Davis Report series, with ad hoc reports brought to you as current.
© RBC Capital Markets, LLC, RBC Dominion Securities Inc., RBC Europe Limited 2018
George Davis, CMT
Chief Technical Strategist, Fixed Income, Currencies & Commodities, RBC Capital Markets
With over 30 years of market experience, George Davis is responsible for RBC’s Canadian dollar forecasts as well as intermarket technical analysis research that covers the FX, fixed income and commodity asset classes. Prior to this, he was a Vice President on RBC’s spot Canadian dollar and forward foreign exchange desks in Toronto and a foreign exchange Dealer in Montreal.
His technical research has been recognized via eighteen international awards in the FX, fixed income, commodity and emerging markets asset classes. George was also awarded Technical Analyst of the Year five times (in 2010, 2013, 2017, 2018 and 2019) by the Technical Analyst magazine and in 2016 by the Canadian Society of Technical Analysts, in addition to being inducted into the CSTA Hall of Fame in 2017.
EconomyForeign ExchangeOutlook
