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.



Lackluster Canada Consumer Price Index (CPI) to Bolster USD/CAD Gains

USD/CAD may extend the gains from earlier this week should Canada’s CPI print continue to disappoint and fuel bets for additional monetary support.

USD/JPY Eyes 2017 Opening Range as Bets for June Rate Hike Hold

USD/JPY may continue to retrace the decline from the beginning of the year following the failed run at the Fibonacci overlap around 112.40 to 112.50.

EUR/USD Recovery to Unravel as ECB Combats ’Taper Tantrum’

Fresh comments from the ECB may undermine the near-term recovery in EUR/USD should the central bank increase its efforts to combat the threat for a ‘taper tantrum.’

USD/CAD Preserves Key Support Zone as BoC Warns of Weak Inflation

USD/CAD may stage a larger recovery following the BoC’s first 2017 interest rate decision as the pair fails to test the October low (1.3006) and holds above channel support.

Faster U.K. Wage Growth to Fuel GBP/USD Recovery

Signs of stronger wage growth may fuel the near-term recovery in GBP/USD as the BoE continues to warn ‘there are limits to the extent to which above-target inflation can be tolerated.’

USDJPY Losses to Persist as Sentiment Abates & Double-Top Takes Shape

USD/JPY may continue to carve a near-term series of lower highs & lows as risk sentiment abates, while a double-top formation appears to be taking shape.

Weekly Trading Forecast: Trump Inauguration Takes Center Stage

Financial markets face the return of high-profile event risk in the week ahead but US policy uncertainty may keep all eyes on the nearing Trump inauguration.

Rising U.S. CPI, Hawkish Fed Rhetoric to Tame USD/JPY Pullback

The failed run at the December high (118.66) keeps the near-term outlook for USD/JPY tilted to the downside

EUR/USD Continues to Threaten Range Resistance Ahead of ECB Meeting

EUR/USD may face range-bound conditions ahead of the ECB’s policy meeting on January 19 as President Mario Draghi keeps the door open to further support the euro-area.

GBP/USD ’Flash Crash’ Range in Play Ahead of U.K. CPI

GBP/USD may stage a larger recovery ahead of the U.K. CPI print amid the ongoing failed attempts to close below the 1.2100 (61.8% expansion) handle.

EUR/USD Remains Capped; Eyes Bottom of Range Ahead of ECB Minutes

With the ECB meeting minutes due out on Thursday, fresh comments from President Mario Draghi and Co. may heighten the bearish sentiment surrounding the Euro.

GBP/USD Revisits 1.2100 Support Ahead of BoE Testimony

GBP/USD may stage a larger recovery over the next 24-hours of trade should BoE Governor Mark Carney show a greater willingness to move away from the easing-cycle.

USD/JPY Stuck Within Bull-Flag Formation Following Lackluster NFP

USD/JPY may continue recoup recent losses following the U.S. Non-Farm Payrolls (NFP) report as the pair appears to be carving a near-term bull-flag formation.

Lackluster U.S. Non-Farm Payrolls (NFP) to Fuel EUR/USD Recovery

A lackluster U.S. Non-Farm Payrolls (NFP) report may fuel a larger recovery in EUR/USD should the fresh batch of data drag on interest-rate expectations.

AUD/USD Risks Larger Recovery After Failing to Test May Low (0.7145)

Broader outlook for AUD/USD remains bearish but the pair may stage a larger recovery over the coming days as it fails to test the May low (0.7145).

Top Trading Lessons of 2016

A good trader never stops learning, and every mistake is another potential learning experience. Here are some of the top lessons our analysts learned, absorbed or suffered from our personal trading i...

Top Trading Opportunities for 2017

Will revived trends hold true into the New Year or is volatility the only holdover to depend on? These are the DailyFX Team's top trade opportunities for 2017.

Market Forecast - 1Q 2017: Fireworks Ahead on Trump, Brexit

Financial markets look set for a rowdy start to 2017 as Donald Trump ascends to the US presidency while the UK moves to formally trigger Brexit

Gold Weakness to Subside With Fed on Hold in First-Half of 2017

Rising U.S. interest rate expectations may continue to drag on gold prices as the Federal Reserve appears to be on course to further normalize monetary policy in 2017, but Chair Janet Yellen and Co. m...

USD/JPY Marches Towards 120.00, RSI Pushes Deeper Into Overbought

USD/JPY may looks poised to extend the recent series of higher highs & lows ahead of the BoJ’s last interest rate decision for 2016 as the bullish momentum gathers pace.