The George Davis Report: February 2021 Edition
By
George Davis, CMT
Published February 16, 2021
|
14 min watch
A monthly video series on the trajectory of the Canadian dollar
Don’t miss this month’s edition of the George Davis Report, where George fields questions from our winter interns pertaining to key macroeconomic themes that are impacting the trajectory of the Canadian dollar.
We discuss the challenges that will emanate from the policy initiatives of the Biden administration, particularly in the energy sector. {0:54}
Key CAD drivers are reviewed, along with developments that could result in a regime change that modifies the relative importance of drivers. {3:50}
We update our views on the timing of Fed and Bank of Canada policy actions, along with the implications for the USD and CAD. {7:11}
Important technical support and resistance levels are presented and discussed in the context of hedging strategies in the months ahead. {11:25}
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.
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