David Song

David Song

Currency Strategist

Never miss a story from David Song

Subscribe to receive daily updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to David Song

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

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.

RECENT TWEET



RECENT ARTICLE


Weekly Trading Forecast: Watch Dow and EURUSD as G20 Approaches Amid Risk Resurgence

Risk appetite was charged this past week by the Fed’s alignment with other major central banks signaling a fresh wave of external support for stretched speculators. Alone, stimulus may not carry...

Dwindling German IFO Business Climate Survey to Rattle EURUSD Rally

Updates to Germany’s IFO Business Climate survey may rattle the recent rally in EURUSD as the index is expected to narrow for the third consecutive month in June.

NZDUSD Rate Rebound Vulnerable to Dovish RBNZ Forward Guidance

NZDUSD stands at risk of staging a larger rebound ahead of the RBNZ interest rate decision on June 26 as the exchange rate carves a series of higher highs and lows.

Weekly Trading Forecast: Watch Dow and EURUSD as G20 Approaches Amid Risk Resurgence

Risk appetite was charged this past week by the Fed’s alignment with other major central banks signaling a fresh wave of external support for stretched speculators. Alone, stimulus may not carry...

US Dollar Outlook Mired by Bets for Fed Rate Cut in July

Fresh data prints coming out of the US economy may do little to heighten the appeal of the Dollar as the Federal Reserve alters the forward guidance for monetary policy.

Oil Price Forecast: Bearish Momentum Abates Ahead of G20 Summit

Crude oil prices look poised for a larger recovery ahead of the Group of 20 (G20) Summit as the bearish momentum abates.

USDCAD Rate Eyes Monthly Low as FOMC Adjusts Interest Rate Forecast

USDCAD appears to be on track to test the monthly-low (1.3238) following the Federal Reserve meeting as the exchange rate initiates a series of lower highs and lows.

EURUSD Rate Breakout Undermined by Dovish ECB Forward Guidance

EURUSD struggles to hold its ground ahead of the Fed rate decision as ECB President Mario Draghi endorses a dovish forward-guidance for monetary policy.

Gold Price Forecast: RSI Triggers Overbought Signal Ahead of FOMC

Recent price action in gold keeps the topside targets on the radar ahead of the FOMC interest rate decision as the RSI pushes into overbought territory.

RBA Minutes to Offer AUDUSD Little Relief Ahead of FOMC Meeting

The RBA Minutes may do little to prop up AUDUSD ahead of the FOMC meeting as the exchange rate extends the series of lower highs and lows from the previous week.

Weekly Trading Forecast: Fed Hopes Compete with Trade War Fears

A week ago, it seemed that some relief from trade wars would filter through to stimulate further relief rallies. As we move into the new trading week, it is clear that this persistent theme is once ag...

Weekly Trading Forecast: Fed Hopes Compete with Trade War Fears

A week ago, it seemed that some relief from trade wars would filter through to stimulate further relief rallies. As we move into the new trading week, it is clear that this persistent theme is once ag...

GBPUSD Rate Outlook Hinges on Bank of England (BoE) Forward Guidance

The Bank of England (BoE) meeting on June 20 may shake up the near-term outlook for the British Pound if the central bank alters the forward guidance for monetary policy.

USDCAD Rate Rebound Fizzles Ahead of US Retail Sales Report

The rebound in USDCAD appears to be stalling ahead of the US Retail Sales report as the exchange rate fails to extend the recent series of higher highs and lows.

EURUSD Forecast: Post-ECB Correction Eyes March-High

Recent price action in EURUSD raises the risk for a run at the March-high (1.1448) as the exchange rate breaks out of the bearish trend from earlier this year.

Lackluster Australia Employment Report to Keep AUDUSD Under Pressure

A 16.0K expansion in Australia Employment may offer little relief to the recent decline in AUDUSD as the RBA appears to be on track to implement lower interest rates.

Strong China Consumer Price Index (CPI) to Fuel AUDUSD Rate Rebound

Updates to China’s Consumer Price Index (CPI) may fuel a larger rebound in AUDUSD as the headline reading is expected to pick up for the third consecutive month.

USDCAD Bull Trend Unravel, RSI Approaches Oversold Territory

USDCAD stands at risk of exhibiting a more bearish behavior ahead of the FOMC rate decision on June 19 as the exchange rate snaps the upward trend from earlier this year.

AUDUSD Rebound Fizzles as Trump Fires Warning Shots on China Tariff

AUDUSD struggles to hold its ground even though the NAB Business Confidence survey improves in May as the Trump administration keeps the door open to boost tariffs on China.

Weekly Trading Forecast: Risk Appetite Returns on Central Bank Promises Rather Than Growth Prospects

Trade wars persist and the outlook for global growth is slowly eroding, yet that may inadvertently prove the charge that speculative investors have sought. With core and external risks rising, calls f...


Advertisement
Advertisement
Advertisement