The George Davis Report: October 2020 Edition
By
George Davis, CMT
Published October 13, 2020
|
4 min watch
A monthly video series on the trajectory of the Canadian dollar
In this edition of the George Davis report, George discusses risks that could lead to more volatile trading conditions in October.
USD/CAD reached both extremes of our expected trading range in September.
A number of risks are expected to linger through October and potentially create more price volatility.
First and foremost, a second wave of COVID infections appears to be underway, which may dampen Q4 economic growth.
The tapering growth momentum that we have seen through the summer months could therefore be compounded by COVID developments.
The US election has already contributed to cross asset volatility, and this dynamic will remain in focus the closer we get to the November 3 election date.
Hedging Strategies:
USD/CAD
This video is part of our monthly George Davis Report series, with ad hoc reports brought to you as current.
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 twenty-two international awards in the FX, fixed income, commodity and emerging markets asset classes. George was also awarded Technical Analyst of the Year six times by the Technical Analyst magazine and once by the Canadian Society of Technical Analysts, in addition to being inducted into the CSTA Hall of Fame in 2017. George has a Bachelor of Commerce (Honours) from Concordia University, holds the Chartered Market Technician (CMT) designation and is a Managing Director of RBC Capital Markets.
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