David Song

David Song

Currency Strategist

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Expertise:
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.

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Gold Price Forecast: RSI Sell Signal Takes Shape

The price of gold stands at risk for a larger pullback as the Relative Strength Index (RSI) falls back from overbought territory and flashes a textbook sell signal.

AUDUSD Rate Outlook Hinges on Reserve Bank of Australia (RBA) Minutes

The Reserve Bank of Australia (RBA) Minutes may keep AUDUSD afloat should the central bank endorse a wait-and-see for monetary policy.

EURUSD Rebound Unravels as Fed Tames Bets for Rate Easing Cycle

EURUSD may continue to consolidate over the coming days as the Federal Open Market Committee (FOMC) tames speculation for a rate easing cycle.

GBPUSD Rate Susceptible to Slowing UK Consumer Price Index (CPI)

Updates to the UK Consumer Price Index (CPI) may do little to curb the depreciation in GBPUSD as the headline reading is expected to narrow to 1.9% from 2.0% in June.

Crude Oil Prices Eye Monthly-High as US Delays China Tariffs

The price of oil extends the rebound from the monthly-low ($50.52) as the US delays the next tranche of China tariffs to December 15.

Stronger UK Job/Wage Growth to Curb GBPUSD Losses

Updates to the UK Employment report may generate a short-term rebound in GBPUSD as the economy is expected to add 60K jobs in June.

AUDUSD Rate Outlook Clouded by Mixed RBA Rhetoric

AUDUSD struggles to hold its ground amid the threat of a US-China trade war, but there seems to be a rift within the RBA amid the recent batch of mixed comments.

Weekly Trading Forecast: Dollar, Equities and Gold Still Dialed Into Trade Wars

There was a healthy mix of fundamental fuel this past week, but scheduled event risk and themes like systemic growth gave way to the more headline-worthy trade wars. That is likely to remain the case ...

Gold Prices Vulnerable to Larger Pullback on RSI Sell Signal

Gold prices may face a larger pullback over the coming days as the Relative Strength Index (RSI) appears to be on the cusp of flashing a textbook sell signal.

NZDUSD Rebound Unravels as NZ Treasury Identifies Lower Bound for OCR

The ongoing trade dispute between the US and China may continue to drag on NZDUSD as it puts pressure on the RBNZ to further embark on its rate easing cycle.

Weekly Trading Forecast: Dollar, Equities and Gold Still Dialed Into Trade Wars

There was a healthy mix of fundamental fuel this past week, but scheduled event risk and themes like systemic growth gave way to the more headline-worthy trade wars. That is likely to remain the case ...

GBPUSD Rate Vulnerable to Slowing UK Inflation, Retail Sales

Fresh data prints coming out of the UK may do little to heighten the appeal of the British Pound amid the growing threat of a no-deal Brexit.

USDCAD Correction Stalls as Trump Tweets on Fed Policy, Strong Dollar

USDCAD pulls back from the monthly high as President Trump tweets that “the Fed’s high interest rate level, in comparison to other countries, is keeping the dollar high.”

EURUSD Rate Susceptible to Larger Correction on Dovish Fed Rhetoric

EURUSD extends the advance from the monthly-low (1.1027) as the growing threat of a US-China trade war fuels bets for an imminent Fed rate cut.

Crude Oil Price Forecast: Will OPEC Respond to the Bear Market?

The price of oil trades to a fresh monthly-low and it remains to be seen if OPEC and its allies will respond to the bear market amid the threat of a US-China trade war.

Gold Price Breakout Raises Scope for Overbought RSI Signal

Gold climbs to a fresh yearly high, with the RSI approaching overbought territory as the price for the precious metal breaks out of a near-term holding pattern.

Post-RBA AUDUSD Rebound Mired by Oversold RSI Signal

AUDUSD carves a narrow range following the RBA meeting, but recent developments in the RSI suggest the bearish momentum could still gather pace as it holds below 30.

Weekly Trading Forecast: Dollar and Dow Tied to Trade Wars, Rate Decisions and GDP Ahead

The sea changes between high level fundamental themes continued this past week with trade wars deftly taking over for monetary policy whipped into a frenzy by the Fed. The US-China standoff will remai...

NZDUSD Rate Eyes 2019 Low Ahead of RBNZ Amid Threat of Currency War

NZDUSD trades near the 2019-low (0.6482) as the escalating trade dispute between the US and China puts pressure on the RBNZ to implement lower interest rates.

EURUSD Rebound to Benefit from Growing Bets for September Fed Rate Cut

Current market conditions may fuel a larger rebound in EURUSD as the ongoing shift in US trade policy puts pressure on the Federal Reserve to insulate the economy.


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