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Real Time News
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwMVKo https://t.co/nnDvummgbT
  • Heads Up:🇬🇧 Construction PMI (APR) due at 08:30 GMT (15min) Expected: 62.3 Previous: 61.7 https://www.dailyfx.com/economic-calendar#2021-05-07
  • 🇮🇹 Retail Sales MoM (MAR) Actual: -0.1% Previous: 6.6% https://www.dailyfx.com/economic-calendar#2021-05-07
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.30%, while traders in Wall Street are at opposite extremes with 79.27%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/VZ9AbYGY0C
  • Heads Up:🇮🇹 Retail Sales MoM (MAR) due at 08:00 GMT (15min) Previous: 6.6% https://www.dailyfx.com/economic-calendar#2021-05-07
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Gold: 0.25% Oil - US Crude: 0.21% Silver: 0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/DGtzbHsIac
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/cC80QLzTNk
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.26% 🇨🇭CHF: 0.17% 🇪🇺EUR: 0.14% 🇳🇿NZD: -0.07% 🇦🇺AUD: -0.10% 🇨🇦CAD: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/NIonmU6Z9P
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.98% France 40: 0.80% FTSE 100: 0.61% Wall Street: 0.09% US 500: 0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/CehidrXOWz
  • 🇫🇷 Industrial Production MoM (MAR) Actual: 0.8% Expected: 2% Previous: -4.8% https://www.dailyfx.com/economic-calendar#2021-05-07

David Song

Strategist

Expertise: Central bank policy, economic indicators, and market events.

At DailyFX Since: 2007

Trading Style

  • Analytical Profile: Technical and Fundamental
  • Time Frame: Medium-Term (2 Days to 2 Weeks)
  • Type: Swing

Can we guess your trading personality?

Experience

  • 10 years of trading FX market
  • Has worked with DailyFX since attending college in 2007 starting with an internship
  • Has spoken at numerous trader expos and conferences over the years

Education

  • Bachelor’s degree in Finance and Investment degree from the Zicklin School of Business at Baruch College in New York City

Most Important Trading Lesson Learned

“Trading is like running a business. It requires rules and risk management along with the ability to adapt to changing market conditions.”