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: All Eyes on the White House Yet Again

Financial markets will be looking to the White House for direction again as its actions stoke worries about wars of the military and currency variety.

USD/JPY Carves Bearish Series as Risk Sentiment Abates

Risk trends may continue sway the USD/JPY exchange rate in the week ahead as the economic docket remains fairly light following the Easter holiday.

Aussie Snaps Back Ahead of RBA Minutes, EUR/USD Holds April Range

AUD/USD snapped back from a fresh monthly low of 0.7473 as U.S. President Donald Trump warned the greenback was ‘too strong’ ahead of the Easter holiday.

NZD/USD Grinds Towards March Low (0.6890) Ahead of China GDP, NZ CPI

NZD/USD extends the decline from earlier this week, but the key event risk on tap for the week ahead may sway the near-term outlook for the exchange rate.

Wait-and-See BoC to Curb USD/CAD Weakness

More of the same from the Bank of Canada (BoC) may curb the recent decline in USD/CAD should the central bank continue to tame interest-rate expectations.

USD/JPY Comes Up Against Monthly Opening Range, Channel Support

The Yen continues to gain ground against the greenback, with the recent decline in USD/JPY largely accompanied by a pullback in the global benchmark equity indices.

Slowing Core U.K. CPI to Undermine GBP/USD Rebound

A downtick in the core U.K. CPI may weigh on GBP/USD as it encourages the Bank of England (BoE) to preserve a wait-and-see approach for monetary policy.

Aussie Clears March Low, Searches for Support Ahead of Labor Report

AUD/USD stands at risk for further losses as it breaks the March low (0.7491) and extends the series of lower highs & lows from earlier this month.

Weekly Forecast: Geopolitics Clouds Financial Market Trends Anew

Geopolitics threaten to derail financial markets yet again as investors reckon with the aftermath of an unexpected US airstrike against Syria.

Sterling to Extend Losses on Slowing UK CPI, Average Weekly Earnings

The British Pound may face further losses in the week ahead as the economic docket is anticipated to show a downtick in U.K. price & wage growth.

USD/CAD Eyes Monthly Opening Range Ahead of BoC Meeting

USD/CAD continues to give back the gains from earlier this month as Canada Employment tops expectations, with the pair at risk of falling back towards the April low.

Lackluster Non-Farm Payrolls (NFP) Report to Stoke EUR/USD Rebound

U.S. Non-Farm Payrolls (NFP) are projected to increase 180K in March, but a slowdown in wage growth may produce near-term headwinds for the greenback.

EUR/USD Weighed by Dovish ECB Rhetoric; RSI Trigger on Tap?

The Euro struggles to hold its ground as the ECB keeps the door open to further embark on its easing-cycle, with the RSI on the cusp of highlighting a near-term trigger.

Dull ISM Non-Manufacturing Survey to Dampen USD & Fed Outlook

A downtick in the ISM Non-Manufacturing survey may drag on the U.S. dollar as it dampens the outlook for growth and inflation.

AUD/USD Extends Bearish Series Following RBA; Downside in Focus

AUD/USD struggles following the RBA meeting, with the pair at risk for further losses as it extends the bearish series carried over from the previous week.

AUD/USD Carves Bearish Series Ahead of RBA Policy Meeting

After failing to test the December high (0.7778), AUD/USD stands at risk for further losses especially as it carves a near-term series of lower highs & lows.

USD/JPY Slips, Risk Sentiment Wanes Following Lackluster ISM Survey

USD/JPY snaps the recent series of higher highs & lows, with the pair at risk for a larger pullback amid the bearish reaction to the U.S. ISM Manufacturing survey.

Weekly Trading Forecast: Trump, Xi Meeting in the Spotlight

A meeting between US and Chinese Presidents Donald Trump and Xi Jinping may overshadow a steady stream of top-tier economic news in the week ahead.

GBP/USD Unfazed by Brexit Trigger; More Fed Rhetoric, NFP on Tap

The British Pound is little changed even as the U.K. officially triggers Article 50, and GBP/USD may continue to operate within the range from earlier this year.

DailyFX Roundtable: Post Brexit Trade Setups and Themes

Join DailyFX Strategists David Song, Christopher Vecchio and Tyler Yell for a roundtable discussion on key trade setups and themes following Brexit.