The George Davis Report: March 2022 Edition
By
George Davis, CMT
Published March 11, 2022
|
9 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 the Ukraine situation and implications for Bank of Canada policy settings.
The risk off move resulting from Russia’s invasion of Ukraine has not been a “traditional” one.
While equities and bond yields have declined, commodities have bucked the risk off move by trading aggressively higher.
This dichotomy has had implications for the Canadian dollar and will continue to do so going forward.
The Bank of Canada kicked off a tightening cycle with a “hawkish hike” at their March meeting.
Strong growth and inflation concerns will keep rate hikes on the table this year.
For the trading range:
USD/CAD
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.
CADCommoditiesEconomyGeorge DavisHawkish HikeInflationMarketRussiaUkraine
