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 Breakout Susceptible to Upbeat Fed Testimony

The near-term breakout in EUR/USD may struggle to gain traction over the next 24-hours of trade should Fed Chair Janet Yellen endorse an upbeat outlook for the U.S.

EUR/USD Retail FX Remains Net-Short Despite Bullish Breakout

Despite the deviating paths for monetary policy, EUR/USD may face a larger recovery as it breaks out of a bearish formation carried over from the end of 2014.

Weekly Trading Forecast: Will We See More of Last Week’s Exceptional FX and Commodity Volatility?

The Dollar suffered one of its most abrupt swoons in years until NFPs stabilized the currency. Oil and gold meanwhile generated remarkable volatility and tentative stabs at trends. Will we see more o...

GBP/USD 2016 Rebound Vulnerable to Upbeat Fed Testimony

The near-term rebound in GBP/USD may continue to unravel in the week ahead should the Federal Reserve’s semi-annual Humphrey-Hawkins testimony with Chair Janet Yellen highlight a further deviat...

USD/JPY Outlook Clouded With Bearish Pattern Ahead of Fed Testimony

USD/JPY stands at risk for a further decline ahead of the Fed testimony on tap next week as the pair continues to carve a bearish pattern.

EUR/USD Breaks 2014 Trend, RSI Approaches Overbought Ahead of NFP

The near-term breakout in EUR/USD may gather pace in the days ahead should the Non-Farm Payrolls (NFP) report drag on U.S. interest-rate expectations.

USD/JPY Retail Positioning Stretched Ahead of NFP Report

Despite the near-term selloff in USD/JPY, the retail FX crowd remains net-long, with positioning back at extremes ahead of the NFP report.

GBP/USD Recovery Hinges on BoE Forecast- Bearish Outlook at Risk

The fresh forecasts from the BoE may spur a larger recovery in GBP/USD should the central bank see a greater risk of overshooting the long-term target for inflation.

EUR/USD Breaks Out; Retail FX Remains Net-Short Ahead of Draghi

Fresh comments from ECB President Mario Draghi may do little to halt the breakout in EUR/USD as the pair looks poised to threaten the bearish formations from 2015.

EUR/USD Risks Bullish Breakout on Slowing ISM Non-Manufacturing

EUR/USD may make a more meaningful attempt to break out its narrowing rate should the ISM report drag on interest rate expectations.

USD/JPY Weakness to Persist on Wait-and-See Kuroda

Fresh comments from BoJ Governor Haruhiko Kuroda may spur a larger pullback in USD/JPY should the central bank head endorse a wait-and-see approach.

Dovish Reserve Bank of Australia (RBA) to Undermine AUD/USD Rebound

AUD/USD may struggle to retain the rebound from January should the RBA show a greater willingness to implement lower borrowing-costs.

Weekly Trading Forecast: Fresh Stimulus, Tentative Recoveries and Heavy FX Event Risk

The BoJ refreshed the global central bank discussion this past week after announcing negative rates. And, risk-oriented markets gained as they have in years past. Is this a return to familiar trends ...

GBP/USD to Rebound to Succumb to Dovish BoE, Upbeat NFP Report

The Bank of England (BoE) interest rate decision is likely to heavily impact the British Pound next week with the central bank schedule to release its updated forecasts, and the near-term rebound in ...

EUR/USD Rebound to Gather Pace on Lackluster U.S. GDP, PCE

A dismal U.S. GDP report may fuel a larger rebound in EUR/USD as it dampens bets for a Fed rate-hike in the first-half of 2016.

USDOLLAR Stands at Key Juncture Ahead of 4Q GDP Report

The USDOLLAR stands at risk of facing additional headwinds should the U.S. 4Q GDP report dampen the outlook for growth and inflation.

Slowing U.K. GDP to Fuel Bearish GBP/USD Outlook

Signs of a slowing recovery in the UK may heighten the bearish sentiment surrounding the British Pound as it drags on interest rate expectations.

EUR/USD Weakness to Persist on Hawkish 2016 FOMC

The 2016 rotation within the FOMC may heighten the bearish outlook surrounding EUR/USD should the committee stay on course to further normalize monetary policy.

AUD/USD Rebound to Benefit from Sticky Australia CPI

Signs of stronger inflation in Australia may spur a larger rebound in AUD/USD as it dampens bets for a RBA rate-cut in 2016.

How Will a Volatile Market React to the Fed Decision, US GDP?

While the markets may have recovered ground this past week, investors are far from optimistic. Anxiety pervades and a heavy round of key event risk ahead threatens to easily revive volatility - if no...

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