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.



Crude Oil Prices Remain Vulnerable as U.S. Outputs Hits 2017-High

Crude oil prices remain vulnerable to further losses as fresh figures coming out of the EIA show U.S. production hitting fresh 2017-highs.

AUD/USD Clings to Channel Support Ahead of Australia Employment Report

Another 20.0K expansion in Australia Employment report may stoke a larger recovery in AUD/USD as it puts pressure on the RBA to lift the cash rate from the record-low.

GBP/USD Risks Further Losses on Lackluster U.K. Employment Report

A slowdown in U.K. Employment accompanied by signs of stagnant wage growth may trigger a bearish reaction in GBP/USD as it dampens the threat for above-target inflation.

Nikkei Initiates Bullish Sequence Following Failed Run at 200-Day SMA

The Nikkei initiates a bullish sequence after failing to test the 200-Day SMA as easing tensions between the United States and North Korea bolster market sentiment.

Rising Threat of Above-Target U.K. CPI to Foster GBP/USD Rebound

A pickup in both the headline and core U.K. CPI may foster a near-term rebound in GBP/USD as it puts pressure on the BoE to remove the record-low interest rate.

Cautious ECB Minutes to Derail EUR/USD Continuation Pattern

Cautious remarks from the European Central Bank (ECB) may stoke a larger correction in EUR/USD as it fails to fill the gap from January-2015 (1.2000 down to 1.1955).

Weekly Trading Forecast: War Worries May Overshadow Key Data Flow

Financial markets may be forced away from focusing on a slew of top-tier economic news as fiery rhetoric continues to flow from Washington DC in the week ahead.

USD/CAD Rebound to Unravel on Less-Hawkish FOMC Minutes

USD/CAD may exhibit a more bearish behavior in the week ahead should key developments coming out of the U.S. economy dampen bets for higher interest rates.

AUD/USD Outlook Mired by Cautious RBA Testimony

AUD//USD stands at risk for further losses following cautious remarks from RBA Governor Lowe as the pair extends the series of lower-highs from earlier this month.

EUR/USD Bull-Flag Unfolds Ahead of U.S. CPI Report

An uptick in the U.S. CPI may stoke a near-term pullback in EUR/USD as signs of rising inflation puts pressure on the FOMC to further normalize monetary policy in 2017.

Oil Prices Capped by Opening Range, U.S. Outputs Hold Near 2017 High

Crude oil prices stand at risk of giving back the rebound from the June-low ($42.08) amid the lack of momentum to test the monthly opening range.

RBNZ Preview: NZD/USD Outlook Mired by Bearish Sequence

NZD/USD may continue to exhibit a bearish behavior should the Reserve Bank of New Zealand (RBNZ) toughen the verbal intervention on the local currency.

Gold Prices Break Monthly Opening Range, Eyes June-High ($1296)

Gold prices may exhibit a more bullish behavior over the coming days as the precious metal breaks the August opening range and climbs to a fresh monthly high of $1276.

Bullish EUR/USD Behavior Becomes Exhausted Ahead of January-2015 Gap

EUR/USD stands at risk for a near-term pullback as it appears to have made a failed attempt to fill-in the gap from January-2015 (1.2000 down to 1.1955).

Post-NFP USD/JPY Range Vulnerable to Hawkish Fed Rhetoric

Fresh comments from Federal Reserve officials may spark increased volatility in USD/JPY as market participants mull the timing of the next rate-hike.

EUR/USD Risks Larger Pullback Amid Failure to Fill January 2015-Gap

The recent series of lower-highs in EUR/USD raises for a larger pullback amid the failed attempt to fill-in the gap from January-2015 (1.2000 down to 1.1955).

Weekly Trading Forecast: US Dollar, Gold Price Reversal at Hand?

The US Dollar turned sharply higher as gold prices fell after July's upbeat US jobs data. Is this the start of a reversal or just a temporary setback for established trends?

NZD/USD Risks Near-Term Correction on RBNZ Verbal Intervention

NZD/USD may continue to pullback from the 2017-high (0.7558) should the Reserve Bank of New Zealand (RBNZ) toughen the verbal intervention on the local currency.

DailyFX Roundtable: U.S. Non-Farm Payrolls (NFP) Coverage

Join DailyFX Strategists Paul Robinson, David Song and Christopher Vecchio to cover the US Non-Farm Payrolls (NFP) report along with key trade setups for the week ahead.

Mixed U.S. NFP Report to Bolster Bullish EUR/USD Behavior

The U.S. Non-Farm Payrolls (NFP) report may bolster the bullish behavior in EUR/USD as household earnings are expected to slow in July.