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.



FOMC Preview: EUR/USD Risks Larger Rebound on Dovish Fed Rate-Hike

The updated forecasts coming out of the Federal Reserve may fuel the recent rebound in EUR/USD if the central bank curbs speculation for four rate-hikes in 2018.

USD/JPY Snaps Bearish Series- Outlook Hinges on Updated Fed Forecasts

Updated forecasts from Fed officials are likely to influence the near-term outlook for USD/JPY as market participants gauge the possibility for four rate-hikes in 2018.

USD/JPY Bearish Sequence Remains Intact Ahead of FOMC Meeting

The near-term rebound in USD/JPY may continue to unravel ahead of the FOMC meeting as the pair extends the bearish sequence from earlier this week.

Dismal U. of Michigan Confidence Survey to Curb U.S. Dollar Strength

A marked downtick in the U. of Michigan Confidence survey may spark a bearish reaction in the U.S. dollar as it curbs bets for four Fed rate-hikes in 2018.

USD/JPY Rate Rebound Unravels Even as BoJ Sticks to Dovish Script

USD/JPY appears to be on track to test the monthly-low (105.25) even as the BoJ sticks to a dovish script as the pair carves a fresh series of lower highs & lows.

EUR/USD Holds March Range- Outlook Hinges of Updated Fed Forecasts

EUR/USD may face choppy prices ahead of the Federal Open Market Committee (FOMC) meeting on March 21 as the pair holds the narrow range from earlier this month.

AUD/USD Rate Eyes February High Following Dismal U.S. Retail Sales

AUD/USD appears to be on track to test the February-high (0.7989) as it extends the series of higher highs & lows from earlier this week.

Strong U.S. Retail Sales Report to Tame EUR/USD Rebound

The near-term rebound in EUR/USD may unravel should the U.S. Retail Sales report boost bets for four Fed rate-hikes in 2018.

GBP/USD Breaks Out Amid Waning Bets for Four Fed Rate-Hikes in 2018

Topside targets are coming back on the radar for GBP/USD as fresh data prints coming out of the U.S. economy fail to boost bets for four Fed rate-hikes in 2018.

Weekly Trading Forecast: Key US Data Brings Fed Outlook in Focus

Financial markets may turn their attention back to the Federal Reserve as critical economic data crosses the wires in the week ahead.

USD/CAD 2018 Rebound Starts to Unravel Following Mixed NFP Report

USD/CAD slips to fresh weekly lows, with the pair at risk for further losses as the U.S. Non-Farm Payrolls (NFP) report dampens bets for four Fed rate-hikes in 2018.

Lackluster U.S. NFP Report to Limit Post-ECB EUR/USD Losses

Updates to the U.S. Non-Farm Payrolls (NFP) report may curb the recent decline in EUR/USD should the data prints dampen bets for four Fed rate-hikes in 2018.

EUR/USD Rebound Snaps as ECB Holds Off on Detailed Exit-Strategy

The near-term rebound in EUR/USD may continue to unravel following the ECB rate decision as the pair snaps the bullish sequence carried over from the previous week.

Detailed European Central Bank (ECB) Exit Strategy to Keep EUR/USD Bid

Fresh updates coming out of the European Central Bank (ECB) may keep EUR/USD bid should the Governing Council show a greater willingness to move away from its easing-cycle.

USD/CAD Resilience to Persist as BoC Sticks to Wait-and-See Approach

The near-term resilience in USD/CAD may persist following the Bank of Canada (BoC) meeting as the bullish momentum appears to be gathering pace.

USD/CAD Snaps Bullish Series- Outlook Hinges on BoC Guidance

Fresh comments from the BoC may prop up USD/CAD should the central bank shows a greater willingness to carry the current policy into the second-half of 2018.

Dismal Australia 4Q GDP Report to Rattle AUD/USD Rate Rebound

Updates to Australia’s GDP report may rattle the recent rebound in AUD/USD as the growth rate is expected to slow to 2.5% per annum from 2.8% in the third-quarter of 2017.

AUD/USD Vulnerable to Dovish Reserve Bank of Australia (RBA) Comments

A batch of dovish comments from the Reserve Bank of Australia (RBA) may weigh on AUD/USD as it dampens bets for a 2018 rate-hike.

USD/CAD Rate Outlook: RSI Pushes into Overbought Ahead of BoC Meeting

USD/CAD stands at risk for a further advance as it extends the series of higher highs and lows from the previous week, while the RSI pushes into overbought territory.

USD/JPY Bear-Flag Formation Unfolds as BoJ Alters Policy Outlook

USD/JPY is back under pressure as Bank of Japan (BoJ) Governor Haruhiko Kuroda unexpectedly alters the outlook for monetary policy.