The George Davis Report: November 2022 Edition

By George Davis, CMT
Published November 14, 2022 | 11 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 how having a well-defined hedging strategy can help deal with rising market volatility.

What you need to know:

1

Asset class volatility is top of mind for clients as it has been trending higher in 2022.

2

A highly uncertain economic and geopolitical backdrop suggests that volatility will remain an issue through year-end and into next year.

3

While the word “volatility” often carries negative connotations, it can also provide some opportunities for investors.

4

This is where a well-defined and structured hedging strategy could pay dividends.

5

In that vein, clients should focus on our forecast profile – and not the specific numbers themselves – when devising their hedging strategies.

For the trading range:

USD/CAD

Buyers

1.3200/1.3300

Sellers

1.3600/1.3700

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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