David Song

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 CPI to Keep USD/CAD Rate Within Monthly Range

Another 2.3% print for Canada’s Consumer Price Index (CPI) may continue to foster range-bound prices in USD/CAD as it does little to alter the outlook for monetary policy.

Gold Prices Remain Vulnerable as 2018 Range Snaps

Gold prices remain under pressure after snapping the 2018 range, with the precious metal at risk for further losses as the bearish momentum appears to be gathering pace.

AUD/USD Risks Larger Rebound as Bearish Momentum Dissipates

The aussie-dollar exchange rate may stage a larger recovery over the coming days as the bearish momentum from earlier this year dissipates.

EUR/USD Weakness to Persist as RSI Slips Back Into Oversold Territory

EUR/USD faces a renewed risk of making a run at the December-low (1.1718) as the exchange rate extends the series of lower highs & lows from earlier this week.

NZD/USD Retains Bearish Series Ahead of PPI, 2018 Budget Statement

Recent price action in NZD/USD keeps the near-term outlook tilted to the downside as the pair continues to carve a series of lower highs & lows.

Stagnant Australia Wage Price Index (WPI) to Fuel AUD/USD Weakness

Updates to Australia’s Wage Price Index (WPI) may fuel the recent weakness in AUD/USD as the gauge is expected to hold steady in the first-quarter of 2018.

EUR/USD Rate Outlook Hinges on Fed, ECB Comments as Rebound Falters

EUR/USD is back under pressure, with the pair facing a renewed risk of making a run at the December-low (1.1718) as the bearish momentum appears to be reasserting itself.

GBP/USD Range Snaps, RSI Remains Extreme Ahead of BoE, FOMC Rhetoric

GBP/USD snaps the range from the previous week, with fresh comments from BoE and Fed officials likely to influence the exchange rate over the coming days.

Lackluster U.S. Retail Sales Report to Fuel EUR/USD Rebound

Fresh updates to the U.S Retail Sales report may fuel a larger rebound in EUR/USD as household spending is expected to narrow in April.

NZD/USD Remains Under Pressure Ahead of New Zealand Budget Statement

NZD/USD remains under pressure ahead of New Zealand’s budget statement, with the pair at risk for further losses as the bearish momentum appears to be gathering pace.

EUR/USD Risks Larger Recovery as ECB Starts to Alter Forward Guidance

EUR/USD may stage a larger advance over the coming days as European Central Bank (ECB) officials show a greater willingness to move away from the easing-cycle.

USD/CAD Bearish Series Takes Shape Ahead of Canada Employment Report

Recent price action in USD/CAD raises the risk for a further decline in the exchange rate as it carves a fresh series of lower highs & lows.

Strong U.S. Consumer Price Index (CPI) to Fuel EUR/USD Losses

Another pick up in the U.S. Consumer Price Index (CPI) may fuel the recent decline in EUR/USD as it puts pressure on the Fed to implement four rate-hikes in 2018.

Wait-and-See RBNZ to Keep NZD/USD Under Pressure

The Reserve Bank of New Zealand (RBNZ) interest rate decision may keep NZD/USD under pressure should Governor Adrian Orr & Co. stick to the status quo.

USD/CAD Rate Outlook Mired by Failed Attempt to Test 2018-High

USD/CAD struggles to retain the advance from earlier this month, with the pair at risk for further losses following the failed attempt to test the 2018-high (1.3125).

AUD/USD Rate Eyes 2017-Low as RSI Dips Back Into Oversold Territory

The AUD/USD rate stands at risk of making a run at the 2017-low (0.7329) as the bearish momentum from earlier this year appears to be reasserting itself.

Slowing Australia Retail Sales to Keep AUD/USD Rate Under Pressure

A marked slowdown in Australia Retail Sales may keep AUD/USD under pressure as it dampens the outlook for growth and inflation.

Crude Oil Prices to Stay Bid as Bullish Sequence Unfolds

Crude may continue to retrace the decline from back in 2014 as it breakout of a near-term range, with oil prices carving a series of higher highs & lows.

Weekly Trading Forecast: BOE, RBNZ Compete with Fed for Attention

Financial markets preoccupied with the direction of Fed monetary policy will have to make room for rate decisions form the RBNZ and the BOE in the week ahead.

Bullish DAX Momentum Gathers Pace, S&P 500 Remains Bid Following FOMC

The near-term outlook for the DAX remains tilted to the topside, while the S&P 500 looks poised for a breakout amid the narrowing threat for a global trade war.