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.



Strong Rebound in U.S. Durable Goods Orders to Fuel EUR/USD Pullback

A marked rebound in orders for U.S. Durable Goods may fuel a larger pullback in EUR/USD as it boosts speculation for a 2016 Fed rate-hike.

USD/JPY Risks Further Losses as FX Sentiment Holds Near 2016 Extreme

USD/JPY stands at risk for further losses especially as retail positioning remains stretched, with FX sentiment holding near the 2016 extreme.

NZD/USD to Preserve Wedge/Triangle Formation on NZ Trade Deficit

NZD/USD may continue to pullback from the fresh 2016-high (0.7339) as New Zealand is anticipated to post a trade-deficit in July.

Weekly Trading Forecast: What Currencies Face Volatility Amid Low Volatility Global Markets

Extremely thin trading for the capital markets is sidelining FX trends as well. Volatility in the majors continues to outpace its financial peers, but can Janet Yellen's remarks at the Jackson Hole S...

Canadian Dollar to Extend Gains on Sticky Core Inflation

Another 2.1% print for Canada’s Core CPI may foster a further advance in the Canadian dollar as it encourages the BoC to gradually move away from its easing cycle.

AUD/USD to Pare Losses on Strong Australia Employment Report

AUD/USD may pare the losses from earlier this week should Australia’s Employment report highlight an improved outlook for the region.

USD/JPY Weakness to Persist as Retail Sentiment Remains Stretched

USD/JPY may continue to give back the rebound from the June low (98.78) as retail FX sentiment continues to approach post-Brexit extremes.

Robust U.K. Job/Wage Growth to Foster Larger GBP/USD Recovery

Signs of stronger job/wage growth in the U.K. may generate a larger recovery in GBP/USD as it highlights an improved outlook for the region.

NZD/USD to Eye 2016 High on Solid New Zealand Employment

A pickup in New Zealand Employment may encourage NZD/USD to make a run at the 2016 high (0.7338) should the report dampen speculation for back to back rate-cuts.

Sticky Core U.S. CPI to Cap EUR/USD Advance

A marked slowdown in the U.S. Consumer Price Index (CPI) may generate fresh monthly highs in EUR/USD should the report drag on interest-rate expectations.

AUD/USD to Stage Larger Recovery on Wait-and-See RBA

With FX sentiment approach 2016-extremes ahead of the RBA Minutes, AUD/USD stands at a risk for a further advance should the central bank endorse a wait-and-see approach.

Weekly Trading Forecast: What Currencies Face Volatility Amid Low Volatility Global Markets

Activity in equities and other asset classes have ground to a halt recently. The FX market is not immune, but it has maintained a volatility advantage over its brethren. Which currencies and events c...

CAD to Pare 2016 Losses on Sticky Inflation, Strong Retail Sales

The recent string of lower highs & lows in USD/CAD accompanied by the mixed data prints coming out of the U.S. raises the risk for a further decline in the exchange rate especially as economic de...

USD/CAD Outlook Mired by Near-Term Series of Lower Highs & Lows

USD/CAD may threaten the bullish trend from earlier this year as the pair carves a near-term series of lower highs & lows.

USD/CAD Edges Higher Despite Marginal Rebound in US Consumer

Despite the limited market reaction, the tepid rebound in the U. of Michigan Confidence survey suggests U.S. household remain cautious on the economy.

EUR/USD to Stage Larger Pullback on Upbeat U.S. Retail Sales Report

EUR/USD may face a larger pullback should the U.S. Retail Sales report boost market expectations for a 2016 Fed rate-hike.

Strong New Zealand Retail Sales to Fuel NZD/USD Resilience

NZD/USD may extend the advance from earlier this week should New Zealand’s 2Q Retail Sales report encourage an improved outlook for growth.

NZD/USD Risks Near-Term Selloff on Prolonged RBNZ Easing-Cycle

NZD/USD stands at risk of giving back the advance from earlier this year as the RBNZ is widely expected to further embark on its easing-cycle.

NZD/USD Retail Sentiment Approaches 2016 Extreme Ahead of RBNZ

Retail NZD/USD sentiment is approaching the most extreme reading for 2016, with the RBNZ widely anticipated to reduce the official cash rate in August.

Retail GBP/USD Sentiment Approaches Post-Brexit Extreme

GBP/USD retail sentiment is approaching the post-Brexit extreme as the pair extends the decline from earlier this week and searches for support.

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