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 Speech May Define Market Mood

Financial markets may overlook ample top-tier economic data and a steady stream of central bank commentary as a pivotal speech from US President Donald Trump takes the spotlight.

GBP/USD Outlook Mired by ’Brexit’ Review, Hawkish Fed Rhetoric

Outlook for the British Pound remains tilted to the downside with U.K. on course to trigger Article 50 in March, and the Fed showing willingness to raise rates

AUD/USD Outlook Clouded by RSI Divergence Ahead of Australia GDP

Fresh monthly highs in AUD/USD raises the risk for a short-term squeeze in the exchange rate as Australia’s 4Q GDP report is expected to show a 0.7% rebound.

EUR/USD Halts Bearish Series; ECB on Course to End Easing-Cycle?

EUR/USD may stage a larger recover over the remainder of the month as the pair breaks the recent series of lower highs & lows.

USD/JPY Inverse H&S Takes Shape Above 112.50; FOMC Minutes on Tap

USD/JPY may stage a larger recovery over the coming days as it carves an inverse head-and-shoulders formation ahead of the FOMC Minutes.

Resilient Core Retail Sales to Curb Canadian Dollar Weakness

Another pickup in Canada’s core reading for Retail Sales may heighten the appeal of the loonie as the BoC appears to be on course to move away from its easing-cycle.

EUR/USD Losses Favored on RSI Trigger; Fed Mulls March Rate-Hike

EUR/USD quickly approaches the monthly low (1.0521) as fresh comments from Fed officials suggest the central bank remains on course to further normalize policy in 2017.

Weekly Trading Forecast: Fed, Team Trump Battle for Influence

Financial markets cheered a confident Fed yet wilted on fears of status-quo-shattering maneuvers from "team Trump" last week. The tug of war is set to resume in the week ahead.

USD/JPY to Track Risk Trends as Yellen Fails to Shift Rate Outlook

Headlines coming out of the G20 meeting may yield a limited reaction in USD/JPY as the group of global finance ministers strive to avert a currency war.

DailyFX Roundtable: Mixed USD, Rising Commodity Prices to Persist

Join DailyFX Strategists Paul Robinson, David Song and Tyler Yell for a roundtable discussion on key trade setups and themes for the last full-week of February.

Strong New Zealand Retail Sales Report to Fuel NZD/USD Rebound

NZD/USD may stage a larger recovery ahead of the weekend as New Zealand Retail Sales are projected to increase another 1.0% during the last three-months of 2016.

EUR/USD Snaps Bearish Series Despite Dovish ECB; Inverse H&S in Play?

EUR/USD may stage a larger recover as it clears the recent series of lower highs & lows even as the ECB endorses a dovish outlook for monetary policy.

AUD/USD to Extend 2017 rally on Upbeat Australia Employment Report

A further improvement in Australia Employment may fuel the near-term rally in AUD/USD as it puts pressure on the RBA to move away from its easing-cycle.

Aussie Threatens Monthly Opening Range; Outlook Hinges on Employment

A 10.0K rise in Australia Employment may threaten the AUD/USD monthly opening rate as it puts pressure on the RBA to move away from its easing-cycle.

Mixed U.S. CPI Report to Curb EUR/USD Losses

A series of mixed U.S. data prints may curb the series of lower highs & lows in EUR/USD as it dampens interest-rate expectations.

USD/CAD Snaps Back on Hawkish Yellen; Bearish Series at Risk

USD/CAD may snap the recent series of lower highs & lows as Fed Chair Janet Yellen warns it ‘would be unwise’ to further delay the normalization cycle.

Rising U.K. Headline & Core Inflation to Fuel GBP/USD Rebound

GBP/USD may stage a larger recovery and test the monthly opening range should the U.K. CPI print put increased pressure on the BoE to move away from its easing-cycle.

Sterling Bucks USD Strength; U.K. Inflation to Approach BoE Target

Sterling outperforms its major counterparts, with the U.K. Consumer Price Index (CPI) anticipated to show the fastest pace of price growth since 2014.

USD/CAD to Stage Larger Recovery on Feeble Canada Employment Report

A decline in Canada Employment may spur a larger recovery in USD/CAD especially as the pair preserves the upward trending channel carried over from 2016.

USD/JPY Eyes Topside Targets Ahead of Trump & Abe Meeting

USD/JPY may stage a larger recovery going into the meeting with President Trump and Prime Minister Abe as the pair breaks out of the narrow range from earlier this week.