David Song

Currency Analyst

Expertise:
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.

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Weekly Trading Forecast: Dollar Tops Performer List Once Again, Will BoJ Act after G7?

The Dollar has advanced for 3 straight weeks as the freeze from rate skeptics finally thawed. Can the BoJ also regain influence or does it need to take it by force?

USD/CAD to Eye Fresh May Highs on Hawkish Fed Rhetoric, Dovish BoC

The near-term advance in USD/CAD may gather pace in the week ahead should the Bank of Canada (BoC) endorse a dovish outlook for monetary policy, while Federal Reserve officials show a greater willing...

USD/JPY Rally at Risk as G7 Opposes FX Intervention, Lacks Action

Mixed language coming out of the Group of Seven (G7) meeting may derail the near-term advance in USD/JPY should it drag on risk appetite.

USD/CAD Advance at Risk on Sticky Canada Consumer Price Index (CPI)

Stickiness in Canada’s Consumer Price Index (CPI) may derail the near-term advance in USD/CAD as it puts pressure on the BoC to normalize policy sooner rather than later.

USD/CAD Extends Advance Ahead of Canada Retail Sales, CPI Report

A decline in Canada Retail Sales accompanied by slowing inflation may spur fresh monthly highs in USD/CAD as it dampens the economic outlook for the region.

AUD/USD to Pare Losses on Upbeat Australia Employment Report

A further improvement in Australia’s labor market may spark a near-term rebound in AUD/USD as it dampens bets for another RBA rate-cut in 2016.

GBP/USD Clears Near-Term Range Ahead of U.K. Retail Sales Report

The near-term break out in GBP/USD may gather pace as the U.K. Retail Sales report is expected to highlight a rebound in household consumption.

Stronger U.K. Wage Growth to Encourage Larger GBP/USD Advance

Despite forecasts for another uptick in U.K. Jobless Claims, stronger wage growth may spark a bullish reaction in GBP/USD as it boosts interest-rate expectations.

AUD/USD Rebound to Gather Momentum on Sticky Australia Wage Growth

Stickiness in Australia household earnings may spark a larger recovery in AUD/USD as market participants scale back bets for another RBA rate-cut.

EUR/USD to Mount Larger Rebound on Slowing U.S. Core CPI

A marked slowdown in the U.S. Core Consumer Price Index (CPI) may spur a larger rebound in EUR/USD as it drags on interest-rate expectations.

GBP/USD Rebound Vulnerable to Slowing U.K. Consumer Price Index (CPI)

A marked slowdown in the U.K. Core Consumer Price Index (CPI) may drag on GBP/USD as it weighs on interest-rate expectations. 

Weekly Trading Forecast: Will FX Policy and Global Risk Come Up at G-7

The Dollar has mounted a recover and risk trends have lost traction this past week. Will these themes carry through to the week ahead, and what will the G-7 meeting elicit from speculators?

Mixed U.K./U.S. Data to Foster Range-Bound Conditions for GBP/USD

Mixed data prints coming out of the U.S. & U.K. may foster range-bound prices in GBP/USD especially as the Federal Reserve and the Bank of England (BoE) retain a wait-and-see approach for monetar...

AUD/USD Tags Former Resistance Ahead of RBA Minutes, Labor Report

The near-term decline in AUD/USD appears to be stalling ahead key event risks coming out of Australia as the pair struggles to break below former resistance.

EUR/USD Descending Channel to Persist on Upbeat U.S. Retail Sales

A marked rebound in U.S. Retail Sales may spur further losses for EUR/USD as it puts increased pressure on the Fed to normalize monetary policy sooner rather than later.

GBP/USD Retains Bullish RSI Formation Even as BoE Stays on Hold

GBP/USD may continue to threaten the bearish trend carried over from 2015 as the BoE continues to see a risk of overshooting the 2% target for inflation.

Weaker BoE Forecasts to Drag on GBP/USD Rebound

GBP/USD may struggle to retain the rebound from earlier this week should the BoE cut its outlook for growth and inflation. 

USD/JPY Advance Loses Steam Ahead of BoJ Minutes, BoP Report

A widening current-account surplus paired with more of the same from the BoJ may spur a further decline in USD/JPY.

GBP/USD to Face Larger Recovery as U.K. Production Rebounds

A meaningful rebound in U.K. Industrial & Manufacturing production may spur a larger recovery in GBP/USD as it raises the economic outlook for the region. 

NZD/USD Vulnerable to Dovish RBNZ; Sentiment Approaching Extreme

NZD/USD stands at risk of facing further losses should the RBNZ show a greater willingness to implement additional rate-cuts in 2016.


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