The George Davis Report: September 2023 Edition
By
George Davis, CMT
Published September 14, 2023
|
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 follows up on last month’s discussion topic and highlights our new forecast revisions for USD/CAD.
Last month we provided real-time analysis of our cross asset technical framework.
We review our conclusions and market price action since then.
Our forecast for a peak in USD/CAD has been pushed out to H1 2024 in conjunction with our broader USD profile.
The resilience of the US economy and “higher for longer” interest rate settings should lend support to the USD.
Bond and equity market performance will also play a key role in USD direction.
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 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.
BondCADCross-AssetEconomyEquity MarketForecastGeorge DavisInterest RatesMarketPeakUS Economy
