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.



AUD/USD Outlook Mired by Expectations for Slowing Australia Inflation

AUD/USD stands at risk for further losses should Australia’s 2Q Consumer Price Index (CPI) report fuel speculation for an RBA rate-cut.

Weekly Fundamental Forecast: FOMC; BoJ; US, EZ and UK GDP Top Busy Docket

The economic calendar is overloaded with event risk that is both known for heavy market impact and for its growing systemic importance. What should you keep track of for trading the Dollar, Euro, Yen...

USD/JPY July Recovery at Risk on Wait-and-See FOMC/BoJ Policy

The diverging paths between the Federal Open Market Committee (FOMC) and the Bank of Japan (BoJ) may encourage market participants to adopt a long-term bullish bias for USD/JPY, but the fresh batch o...

USD/CAD to Mount Larger Advance on Slowing Canada Inflation

A further slowdown in Canada’s headline & core rate of inflation may fuel a further advance in USD/CAD as it fuels bets for additional monetary support.

EUR/USD Sits at Support Post-ECB; Outlook Favors Further Losses

Even though the ECB sticks to the sidelines, EUR/USD remains at risk for further losses as the bearish patterns from earlier this year continue to take shape.

EUR/USD Vulnerable to Further Losses on ECB QE Adjustment

EUR/USD may extend the decline from earlier this week should the ECB broaden the scope as well as the duration of its quantitative easing (QE) program.

NZD/USD Continues to Search for Support Ahead of RBNZ Update

NZD/USD may continue to carve lower highs & lowers over the coming days should the RBNZ show a greater willingness to further embark on its easing cycle.

Stronger U.K. Job/Wage Growth to Foster GBP/USD Rebound

A pickup in U.K. job/wage growth may spur a near-term recovery in GBP/USD as it dampens speculation for a meaningful easing package at the next BoE meeting on August 2.

AUD/USD Bullish RSI Formation Falters Despite Wait-and-See RBA

AUD/USD may threaten the upward trend carried over from the end of May as the RSI fails to preserve the bullish formation from the same period.

GBP/USD Recovery to Gain Traction on Rising UK Consumer Prices (CPI)

A rise in U.K. inflation may generate a more meaningful recovery in GBP/USD as it dampens bets for a meaningful BoE easing package.

GBP/USD Carves Inverse H&S Pattern Ahead of Key U.K. Data Prints

GBP/USD may mount a larger rebound as the pair appears to be carving an inverse head-and-shoulders formation ahead of a slew of major U.K. data prints.

Weekly Fundamental Forecast: Can the Risk Rally and EUR/USD Range Persist?

There were two prominent and dichotomous trends this past week. One the one hand, the S&P 500 extended a run to record highs. On the other, EUR/USD held a tight range. Can this contrast in direct...

USD/CAD to Eye Downside Targets on Sticky Canada Inflation

USD/CAD may continue to give back the advance carried over from the previous month as the Bank of Canada (BoC) softens its dovish outlook for monetary policy, but the fresh data prints coming out of ...

NZD/USD Outlook Mired by RSI Divergence; New Zealand CPI on Tap

NZD/USD stands at risk for a larger pullback as the pair carves a near-term series of lower highs & lows ahead of New Zealand’s CPI report.

EUR/USD to Mount Larger Advance on Soft U.S. Core CPI

Another 2.2% print for the core U.S. Consumer Price Index (CPI) may prop up EUR/USD over the next 24-hours of trade should the report drag on interest-rate expectations.

AUD/USD Advance at Risk on Slowing China GDP

AUD/USD may struggle to preserve the near-term advance should China’s 2Q GDP report fuel fears of a ‘hard-landing.’

GBP/USD Vulnerable to Bank of England (BoE) Easing

GBP/USD may give back the rebound from the 2016 low (1.2927) should the Bank of England (BoE) revert back to its easing cycle.

Strong Australia Employment Report to Fuel AUD/USD Advance

A further improvement in Australia Employment may fuel the near-term advance in AUD/USD as market participants scale back bets for an RBA rate-cut.

USD/CAD Triangle/Wedge Formation at Risk on Wait-and-See BoC

USD/CAD stands at risk of giving back the advance from the previous month should the Bank of Canada (BoC) talk down bets for additional monetary support.

USD/CAD Approaches Apex Ahead of Bank of Canada (BoC) Meeting

USD/CAD may threaten the wedge/triangle formation following the BoC interest rate decision should the meeting spur a shift in the policy outlook.

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