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.



USD/JPY Risks Larger Rebound on Growing Bets for March Fed Rate-Hike

USD/JPY stands at risks of staging a larger rebound should fresh comments from Federal Reserve officials boost expectations for a March rate-hike.

Weekly Trading Forecast: Markets Chase Rate Hikes Outside the US

Financial markets are chasing nascent monetary policy turns outside the US. Rate hike prospects in Canada, Australia and the UK take top billing in the week ahead.

Crude Oil Prices to Remain Bid as Overbought Conditions Persist

Crude may continue to exhibit a bullish behavior over the coming days as OPEC and its allies see oil prices holding above the $60/bbl threshold.

EUR/USD Rate Negates Risk for Double-Top Ahead of More ECB Rhetoric

EUR/USD appears to be on track to stage a largely rally as the pair clears the September-high (1.2092) ahead of more ECB rhetoric.

Below-Forecast U.S. CPI, Retail Sales to Fuel EUR/USD Rate Rally

Fresh developments coming out of the U.S. economy may fuel the near-term rally in EUR/USD should the data prints dampen the outlook for growth and inflation.

EUR/USD Risks Larger Rally as ECB Pledges to Alter Forward Guidance

EUR/USD appears to be making another run at the September-high (1.2092) as the ECB warns ‘the Governing Council’s communication would need to evolve gradually.’

EUR/USD Rate Outlook: Bullish RSI Formation Curbs Risk for Double-Top

Recent price action curbs the risk for a double-top in EUR/USD as the Relative Strength Index (RSI) extends the bullish formation carried over from late-2017.

USD/JPY Rate Snaps 2018 Opening Range; November-Low on the Radar

USD/JPY may continue to give back the rebound from late last year as the pair snaps the opening range for 2018.

USD/JPY Weakness to Persist on Cautious Fed Rhetoric

USD/JPY stands at risk of threatening the range-bound price action from December should a growing number of Fed officials adopt a cautious outlook for the U.S. economy.

EUR/USD Bull Flag Unfolds in Early 2018

Broader outlook for EUR/USD remains constructive, with the pair at risk of extending the advance from late-2017 as a bull-flag formation appears to be panning out.

AUD/USD Winning Streak Continues as RSI Sits in Overbought Territory

AUD/USD marks its longest stretch of advances since September 2007, with the pair at risk for a larger recovery as the bullish momentum appears to be gathering pace.

Lackluster ISM Manufacturing Survey to Fuel EUR/USD Rally

Another batch of mixed U.S. data prints may fuel the near-term rally in EUR/USD as it dampens bets for an imminent Fed rate-hike.

EUR/USD Rate Outlook Supported by Bullish RSI Behavior

EUR/USD may continue to exhibit a bullish behavior as the RSI appears to be pushing into overbought territory for the first time since the summer months.

USD/CAD Carves Bearish Series as Canada CPI, Sales Exceed Forecast

USD/CAD faces a greater risk of giving back the advance from the December-low (1.2624) as it carves a fresh series of lower highs & lows.

Strong Canada CPI, Retail Sales to Drag on USD/CAD Rate

Faster inflation paired with signs of stronger consumption may spark a bullish reaction in the Canadian dollar as it boosts bets for an imminent BoC rate-hike.

NZD/USD December Rebound to Unravel on Slowing New Zealand GDP

New Zealand’s GDP report may spark a bearish reaction in NZD/USD as the growth rate is anticipated to slow to an annualized 2.4% from 2.5% in the second quarter of 2017.

GBP/USD Bullish Triggers Emerge Even as Carney Offers No Insight

Recent price action instills a constructive outlook for GBP/USD as both price and the RSI appear to be breaking out of the bearish formations from earlier this month.

Wait-and-See BoE Policy to Fuel Pound Weakness; GBP/USD Range at Risk

Fresh remarks from the Bank of England (BoE) may alter the near-term outlook for GBP/USD as Governor Mark Carney and Co. testify in front of Parliament.

AUD/USD Bullish RSI Trigger Remains in Focus Ahead of RBA Minutes

The RBA Minutes may fuel the near-term rebound in AUD/USD should the central bank show a greater willingness to lift the cash rate off of the record-low.

Weekly Trading Forecast: How Will Markets Position to End 2017?

Financial markets have just one full week of trade left in 2017. Here is what major currencies, commodities and equity indexes might do with it.