The George Davis Report: November 2020 Edition
By
George Davis, CMT
Published November 12, 2020
|
5 min watch
A monthly video series on the trajectory of the Canadian dollar
In this edition of the George Davis report, George discusses some surprises from the US election and the impact on the Canadian dollar.
The US Presidential election was much closer than polls or betting odds suggested.
Furthermore, a contested election result has been met with a surprising market reaction.
The failure of the “Blue Wave” may impede some of Biden’s election platform in a split Congress.
This would include taxation and regulatory legislation.
The Canadian economy faces headwinds in Q4 and beyond, but risk sentiment will be a primary driver of CAD direction.
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 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.
Canadian dollarGeorge DavisUS Election
