David Song

Currency Analyst

Central bank policy, economic indicators, and market events.
David Song is a Currency Analyst for DailyFX, specializing in news-driven trading and mixing fundamental expertise with technical analysis. He studied macroeconomic policies under a visiting scholar at the Federal Reserve Bank of St. Louis while attending the Zicklin School of Business at Baruch College where he received his degree in Finance and Investments. He gained experience in technical analysis from a former president of the Market Technicians Association, and incorporates both technicals and fundamentals in his reporting.



Weekly Trading Forecast: Trump Trade Reversal in the Works?

The so-called “Trump Trade” may begin to unravel across financial markets after a failed healthcare reform effort cast doubt on the US President's economic policy agenda.

USD/JPY Selloff to Face Fresh Fed Rhetoric; RSI Signal in Focus

USD/JPY may stage a near-term recovery going into Japan’s 2016 fiscal year-end as Federal Reserve officials are scheduled to speak throughout the final week of March.

EUR/USD Rebound Fizzles Ahead of 2017-High; Fed Speak, EZ CPI on Tap

The lack of momentum to test the 2017 high (1.0829) raises the risk for the near-term pullback in the EUR/USD exchange rate.

GBP/USD Revisits 1.2490 Hurdle; BoE Sticks to Cautious Script

The British Pound outperforms against most of its major counterparts as key data prints coming out of the U.K. economy undermine the cautious outlook held by the BoE.

NZD/USD Threatens Topside Hurdle Ahead of RBNZ Meeting

NZD/USD extends the rebound from the previous week, with the pair at risk for a further advance should the RBNZ tame expectations for another rate-cut.

USD/JPY Continues to Search for Support as Risk Appetite Abates

USD/JPY slips to a fresh 2017-low of 110.75 as risk sentiment continues to abate, with the pair at risk for further losses as it extends the series of lower highs & lows.

USD/JPY Approaches Key Support Zone Ahead of BoJ Minutes

USD/JPY appears to be working its way towards the February low (111.69) as it extends the series of lower highs & lows from the previous week.

GBP/USD Preserves Higher Highs & Lows Ahead of U.K. CPI

A pickup in the U.K.’s headline and core CPI may fuel the near-term rebound in GBP/USD as it raises the risk of seeing a greater dissent within BoE.

AUD/JPY Continues to Coil Going Into Japan’s Fiscal Year-End

AUD/JPY struggles to break the monthly opening range, but the broader outlook remains constructive as the pair preserves the bullish formations from earlier this year.

AUD/USD Eyes November High; RSI Approaches Overbought Territory

AUD/USD appears to be on its way to test November high (0.7778) as it extends the advance from earlier this month.

Weekly Trading Forecast: All Eyes Remain on the Federal Reserve

Financial markets are likely to remain fixated on US monetary policy as a lull in top-tier data puts the spotlight on a busy Fed-speak calendar in the week ahead.

USD/JPY Eyes 2017-Low as FOMC Tames Interest Rate Expectations

The Federal Open Market Committee’s (FOMC) March rate-hike failed to prop up the USD/JPY exchange rate, and the pair appears to be working its way back towards the 2017-low

DailyFX Roundtable: Post FOMC/BoJ Trade Setups & Themes

Join DailyFX Strategists Michael Boutros, Paul Robinson and David Song for a roundtable discussion on key trade setups following the FOMC & BoJ interest rate decisions.

Improved U. of Michigan Confidence Survey to Curb USD Weakness

A marked rebound in the U. of Michigan Confidence survey may curb the recent weakness in the U.S. dollar as it boosts the outlook for growth and inflation.

GBP/USD Stages Larger Recovery on BoE Split; Focus Turns to UK CPI

GBP/USD extends the rebound from earlier this week following an 8 to 1 split within the BoE, with market attention turning to the UK CPI report.

Soft 4Q New Zealand GDP to Tame Post-FOMC NZD/USD Rebound

New Zealand’s 4Q GDP print may undermine the near-term rebound in the NZD/USD exchange rate should the report highlight a marked slowdown in economic activity.

EUR/USD Weakness Persists- Bearish Series Takes Shape Ahead of FOMC

EUR/USD may continue to give back the advance from earlier this month as the exchange rate starts to carve a series of lower highs ahead of the FOMC meeting.

USD/JPY Clings to 115.10 Hurdle Ahead of FOMC Rate-Hike

USD/JPY makes another run at 115.10 (50% retracement) especially as the Federal Open Market Committee (FOMC) is widely expected to deliver a 25bp rate-hike on Wednesday.

Post-NFP AUD/USD Rebound Eyes 0.7600 Hurdle Ahead of FOMC Meeting

AUD/USD extends the advance following the U.S. Non- Farm Payrolls (NFP) report, with the pair approaching a near-term hurdle ahead of the FOMC meeting.

Expectations Blur with Fed, BoE and BoJ Rate Decisions Ahead

Monetary policy isn’t the straightforward fundamental driver it once was. This past week, the Dollar struggled despite strong NFPs and a certainty of a FOMC hike while the Euro rallied after re...