David Song

David Song

Currency Analyst

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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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AUD/USD Carves Higher Highs & Lows with US Retail Sales on Tap

AUD/USD risks a larger recovery going into the U.S. Retail Sales report as the exchange rate carves a fresh series of higher highs & lows.

Upbeat Australia Employment to Fuel Larger AUD/USD Rate Recovery

Updates to Australia’s Employment report may fuel a larger recovery in AUD/USD as job growth is expected to rebound 18.0K in August.

EUR/USD Rate Outlook Hinges on ECB Forward Guidance

The European Central Bank (ECB) rate decision may sway the near-term outlook for EUR/USD as the quantitative easing (QE) program is set to expire in December.

USD/JPY Eyes Monthly-Low as US Producer Price Index (PPI) Disappoints

USD/JPY stands at risk of making a run at the monthly-low ahead of the Federal Reserve interest rate decision amid the mixed data prints coming out of the U.S. economy.

Gold Price Rebound Mired by String of Lower Highs & Lows

Gold prices remain vulnerable to further losses ahead of the Fed meeting as the precious metal extends the string of lower highs & lows from the previous week.

Wait-and-See Bank of England (BoE) to Offer GBP/USD Little Relief

GBP/USD may continue to consolidate ahead of the BoE meeting on September 13 as the Governor Carney & Co. are expected to keep the benchmark interest rate on hold.

GBP/USD Rate Rebound to Benefit from Robust U.K. Job/Wage Growth

The recent rebound in GBP/USD may gather pace over the next 24-hours of trade as the U.K. Employment report is anticipated to instill an improved outlook for the region.

Dovish European Central Bank (ECB) Forward-Guidance to Rattle EUR/USD

The European Central Bank (ECB) meeting on September 13 may produce headwinds for the Euro as the Governing Council remains in no rush to move away from its easing-cycle.

Weekly Fundamental Forecast: The Week Ends with Raised Trade War Threats from Trump, ECB and BoE Rate Decisions Ahead

US-led trade wars plus the Bank of England and European Central Bank rate decisions are the top fundamental issues this week.

Gold Prices Vulnerable to Sticky U.S Core CPI, Retail Sales

Fresh developments coming out of the U.S. economy may keep gold prices under pressure should the data prints keep the Fed on track to implement higher interest rates.

AUD/USD Forecast: Post-NFP Weakness to Persist as Narrow Range Snaps

AUD/USD trades to fresh yearly lows following the NFP report, with the exchange rate at risk for further losses as it snaps the range from earlier this week.

Gold Rebound Fizzles Amid Upbeat U.S. Non-Farm Payrolls (NFP) Report

Gold prices are back under pressure following the NFP report, with the precious metal at risk for further losses ahead of the Fed meeting slated for later this month.

Upbeat U.S. Non-Farm Payrolls (NFP) Report to Curb EUR/USD Recovery

Updates to the U.S. Non-Farm Payrolls (NFP) report may curb the recent advance in EUR/USD as the economy is anticipated to add another 195K jobs in August.

AUD/USD Holds Narrow Range Despite Rising Australia Mortgage Rates

AUD/USD holds a narrow range following the RBA meeting, but the exchange rate stands at risk for further losses as the central bank continues to tame bets for a rate-hike.

EUR/USD Initiates Bullish Series Despite Disappointing Euro-Area Data

Recent price action in EUR/USD warns of a larger advance as the exchange rate initiates a fresh series of higher highs & lows.

EUR/USD Risks Larger Advance as String of Lower-Highs Snap

Recent price action in EUR/USD warns of a larger advance as the exchange rate snaps the series of lower-highs carried over from the previous week.

GBP/USD Rate Forecast: Rebound Mired by Downward Trending Channel

Broader outlook for GBP/USD remains capped as the exchange rate continues to track the downward trending channel from earlier this year.

Slowing Australia GDP to Keep AUD/USD Rate Under Pressure

Updates to Australia’s GDP report may keep the AUD/USD exchange rate under pressure as the growth rate is expected to narrow in the second-quarter of 2018.

Gold Price Forecast: Downside Targets Back on Radar as Range Snaps

Recent price action in gold raises the risk for a further decline as the precious metal snaps the range-bound price action from the previous week.

Weak ISM Manufacturing Survey to Curb EUR/USD Losses

Updates to the ISM Manufacturing survey may curb the recent selloff in EUR/USD as the index is expected to narrow to 57.6 from 58.1 in July.


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