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.



EUR/USD Post-ECB Outlook Mixed as Price & Momentum Deviate

EUR/USD may continue to pare the decline following the ECB meeting as price appears to be deviating with the Relative Strength Index (RSI).

ECB Policy Adjustment to Fuel EUR/USD Losses- Summer Lows on Tap?

An adjustment to the ECB’s quantitative easing (QE) program may drive EUR/USD lower as the Governing Council continues to push policy into unchartered territory.

USD/CAD to Reverse Course on Dovish BoC Monetary Policy Statement

A downward revision in the BoC’s economic projections may spur a near-term rebound in USD/CAD as it fuels bets for additional monetary support.

USD/JPY Outlook Hinges on Fed Rhetoric; 104.20 Hurdle Remains Intact

Fresh rhetoric from Fed officials may keep USD/JPY afloat over the coming days as the central bank appears to be following a similar path to 2015.

Strong U.K. CPI Report to Fuel Larger GBP/USD Recovery

A marked rebound in in both the headline and core reading for U.K. inflation may foster a larger recovery in GBP/USD as it dampens bets for an imminent BoE rate-cut.

NZD Resilient Ahead of 3Q CPI Report- Outlook Mired by Dovish RBNZ

The New Zealand dollar outperforms ahead of the region’s 3Q CPI report, with the headline reading for inflation anticipated to downtick from the previous quarter.

Weekly Trading Forecast: Dollar, Euro, Pound and Yuan Compete for Top Volatility

The convergence of event risk and themes is stirring deeper trends in the global markets. Critical themes ahead to watch include Fed timing, Brexit fears, China's health and an ECB turning point

GBP/USD Tightening Range at Risk with More Fed Rhetoric on Tap

Key developments coming out of the U.S. & U.K. may push GBP/USD out of a narrowing range even though the Federal Open Market Committee (FOMC) remains in no rush to raise the benchmark interest ra...

EUR/USD at Risk for Further Losses on Strong U.S. Retail Sales Report

A marked pickup in U.S. Retail Sales may cast a bearish outlook for EUR/USD as it carves a near-term series of lower highs & lows.

USD/JPY Remains Capped by 104.20 Hurdle Ahead of Yellen Speech

USD/JPY stands at risk for a larger pullback as the pair remains capped around 104.20, with market attention turning to the Boston Fed Conference.

GBP/USD Remains Oversold; Outlook Clouded by ’Hard Brexit’ Jitters

The near-term outlook for GBP/USD remains tilted to the downside, with the British Pound at risk for further losses amid ongoing jitters of a ‘hard Brexit.’

EUR/USD Tests for Trendline Support Ahead of FOMC Minutes

EUR/USD stands at a key juncture ahead of the FOMC Minutes as the pair appears to be testing for trendline support.

NZD/USD Losses Accelerate as RBNZ Endorses Dovish Outlook

NZD/USD stands at risk for further losses as a head-and-shoulders formation appears to be panning out, while the RBNZ endorses a dovish outlook for monetary policy.

AUD/JPY Topside Targets in Focus on Wait-and-See RBA, Dovish BoJ

AUD/JPY appears to be making a run at the September high (79.12), with the pair at risk of stage a larger advance over the near-term as the Reserve Bank of Australia (RBA) sticks to the sidelines, whi...

USD/CAD Holding Pattern at Risk as Oil Rally Gathers Pace

USD/CAD may stage a larger pullback ahead of the next BoC meeting on October 19 as the near-term advance in oil prices comes under focus.

Weekly Fundamental Forecast: Are Dollar, Pound, Yen Moves Signaling a Tide Change?

Top fundamental themes - risk trends, monetary policy influence, etc - have passed another week without the resolve and conviction of a true trend. But, abrupt and provocative moves from the Dollar, ...

GBP/USD ’Flash Crash’ Rebound Looks to BoE/Fed Rhetoric for Fuel

Fears of a ‘hard-Brexit’ may continue to weigh on the British Pound as European Union (EU) officials advocate a stern stance in the U.K.’s departure, and heightening uncertainties s...

EUR/USD Losses to Accelerate on Robust U.S. NFP Report

A better-than-expected U.S. Non-Farm Payrolls (NFP) report may generate a further decline in EUR/USD as the pair breaks down from a near-term holding pattern.

GBP/USD Flashes Oversold Signal; FX Sentiment Holds Near 2016-Extreme

GBP stands at risk for further losses as EU officials argue the UK needs to trigger Article 50 before starting negotiations, while the RSI flirts with oversold territory.

EUR/USD Vulnerable to Further Losses on Upbeat ISM Survey

A marked improvement in the ISM Non-Manufacturing survey may generate further losses for EUR/USD as it boosts speculation for a 2016 Fed rate-hike.

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