David Song

David Song

Currency Analyst

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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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AUD/USD Rate Fails to Test Monthly-High Ahead of RBA Minutes

The recent advance in AUD/USD appears to be stalling ahead of the RBA Minutes as the exchange rate fails to test the monthly-high (0.7122).

EUR/USD Rate Attempts to Break Narrow Range as ECB Defends QE Program

EUR/USD stands at risk of testing the monthly-high (1.1409) ahead of the Federal Reserve meeting as the exchange rate attempts to break out of a narrow range.

Weekly Trading Forecast: Fed Decision, Brexit and Risk Trends Tempt Volatility

Systemic themes such as trade wars and slower economic expansion will take a backseat for this upcoming trading week. Monetary policy will return to the forefront with the Fed decision on tap with fou...

Weekly Trading Forecast: Fed Decision, Brexit and Risk Trends Tempt Volatility

Systemic themes such as trade wars and slower economic expansion will take a backseat for this upcoming trading week. Monetary policy will return to the forefront with the Fed decision on tap with fou...

EUR/USD Rate Outlook Hinges on FOMC Forward-Guidance

The EUR/USD rebound following the ECB meeting appears to have stalled ahead of the FOMC interest rate decision, with the Fed slated to unveil its updated forecasts.

Bullish USD/JPY Sequence at Risk Amid Failure to Test Monthly-High

Failure to test the monthly-high (112.14) may rattle the bullish sequence in USD/JPY as the RSI continues to threaten the bullish formation from earlier this year.

EURUSD Rate Forecast: Post-ECB Rebound Sputters Ahead of Monthly-High

The EUR/USD rebound following the ECB meeting appears to be sputtering as the exchange rate fails to extend the series of higher highs & lows from earlier this week.

Crude Prices Carve Bullish Series as OPEC Forecasts Stable Oil Demand

Recent price action in crude raises the risk for a further advance as oil breaks the monthly opening and extends the series of higher highs & lows from earlier this week.

Gold Eyes Monthly-High Following Failed Attempt to Test 2019-Low

Gold extends the rebound from the monthly-low ($1281), with the price for bullion at risk for a larger advance as it reverses course ahead of the 2019-low ($1277).

USD/CAD Extends Bearish Series, RSI Comes Up Against Trendline Support

Recent price action keeps the downside targets on the radar for USD/CAD as the exchange rate continues to carve a string of lower highs & lows.

EUR/USD Rate Risks Larger Rebound as U.S. GDP Forecast Deteriorates

EUR/USD continues to retrace the sharp selloff following the European Central Bank (ECB) meeting as U.S. data prints point to a slowing economy.

Oil Prices Vulnerable to Rising Crude Inventories, Non-OPEC Output

Oil prices remain vulnerable as updates from the U.S. Energy Information (EIA) are anticipated to show crude inventories climbing another 3000K.

Sticky U.S. Consumer Price Index (CPI) to Rattle EUR/USD Rebound

The U.S. Consumer Price Index (CPI) may undermine the recent rebound in EUR/USD as the headline reading is expected to hold steady at 1.6% in February.

USD/JPY Retail Longs Surge Even as Bullish Momentum Abates

The recent rebound in USD/JPY has sparked a further adjustment in retail interest even as the RSI threatens the bullish formation from earlier this year.

USD/CAD Risks Larger Pullback as Post-BoC Rally Stalls, RSI Flops

USD/CAD stand at risk for a larger pullback as the exchange rate snaps the bullish sequence from the start of the month, with the RSI highlighting a similar dynamic.

Weekly Fundamental Forecast: Weekly Trading Forecast: Will Risk Trends Overwhelm Central Banks?

It was difficult to miss the shudder in confidence from the financial markets this past week. Benchmarks like the EURUSD and Dow lurched lower as the headlines painted a backdrop of a troubled global...

Crude Oil Forecast: 2019 Recovery at Risk as Near-Term Range Buckles

Crude threatens the range-bound price action from the previous month, with oil slipping to a fresh monthly-low ($54.52) amid the weakening outlook for global growth.

Gold Prices Reverse Ahead of 2019-Low Following Dovish ECB, Weak NFP

Gold may continue to gain ground following the below-forecast U.S. Non-Farm Payrolls (NFP) report as the price for bullion reverses course ahead of the 2019-low ($1277).

EUR/USD Forecast: Upbeat US NFP Report to Fuel Post-ECB Losses

Updates to the U.S. Non-Farm Payrolls (NFP) report may spark a bearish reaction in EUR/USD as the economy is anticipated to add another 180K jobs in February.

EUR/USD Searches for Support as ECB Prepares Another Round of TLTRO

EUR/USD searches for support following the European Central Bank (ECB) meeting, with the exchange rate taking out the 2018-low amid the dovish guidance for monetary policy.


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