The George Davis Report: January 2022 Edition
By
George Davis, CMT
Published January 18, 2022
|
7 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 discusses Omicron risks and the outlook for CAD on the crosses in 2022.
Omicron risks are viewed as a short-term speed bump on the road to economic recovery.
While the short-term risks to economic growth are expected to be recouped later in the year, inflation considerations should not be ignored.
This dynamic will make the January 26 Bank of Canada interest rate decision more interesting.
A hawkish pivot is more likely, making subsequent meetings “live” for rate hikes.
Our rate forecasts favour CAD strength on the major crosses as 2022 progresses.
For the trading range:
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 nineteen 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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