David Song

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: Fed Testimony, China GDP and Earnings Compete with Trade Wars

Markets are still seeking their proper level of balance following the most recent waves of President Trump's critiques and threats. With trade wars still simmering, competition for fundamental charge...

USD/JPY Forecast: Dollar Strength to Persist on Hawkish Fed Testimony

The Humphrey-Hawkins testimony may influence the near-term outlook for USD/JPY as Fed Chairman Jerome Powell is scheduled to appear before Congress.

NZD/USD Rate Eyes July-Low Ahead of New Zealand Inflation Report

NZD/USD appears to be on track to test the monthly-low (0.6688) ahead of New Zealand’s inflation report as the pair extends the bearish trend from earlier this year.

USD/JPY Overbought Signal Persists Ahead of Fed Chairman Testimony

The USD/JPY exchange rate now at risk of making a run at the 2018-high (113.39) as it extends the series of higher highs & lows from earlier this week.

USD/JPY Forecast: Dollar Strength to Persist on Hawkish Fed Testimony

The Humphrey-Hawkins testimony may influence the near-term outlook for USD/JPY as Fed Chairman Jerome Powell is scheduled to appear before Congress.

USD/JPY Forecast: Dollar Strength to Persist on Hawkish Fed Testimony

The Humphrey-Hawkins testimony may influence the near-term outlook for USD/JPY as Fed Chairman Jerome Powell is scheduled to appear before Congress.

AUD/USD Rate Eyes July-Low as Bearish Sequence Takes Shape

Recent price action in AUD/USD keeps the near-term outlook tilted to the downside as the exchange rate extends the string of lower highs & lows from earlier this week.

USD/JPY Remains Overbought Even as U.S. Data Fails to Impress

Recent price action in USD/JPY keeps the topside targets on the radar as the Relative Strength Index (RSI) climbs into overbought territory.

Strong U.S. Consumer Price Index (CPI) to Fuel EUR/USD Pullback

Updates to the U.S. Consumer Price Index (CPI) may generate a larger pullback in EUR/USD as the headline and core reading for inflation are expected to pick up in June.

Third Quarter Forecasts for Dollar, Euro, Oil, Equities and More

Has the emergence of trade wars fundamentally altered the course for the Dollar and global equities? Have Brexit fears been fully absorbed into the Pound? Can oil extend its rally to three-and-a-half...

Gold Prices Carve Fresh Bearish Sequence After Posting July-High

The recent rebound in the price of gold continues to unravel, with bullion at risk for a further losses as it carves a fresh series of lower highs & lows.

AUD/USD Rebound Unravels as China Pledges to Retaliate to U.S. Tariffs

Recent price action in AUD/USD raises the risk for further losses as the exchange rate snaps the series of higher highs & lows from the previous week.

Bank of Canada (BoC) Preview: Dovish Rate Hike to Fuel USD/CAD Rebound

A dovish Bank of Canada (BoC) rate-hike may produce a bearish reaction in the Canadian dollar as the central bank remains in no rush to normalize monetary policy.

Gold Price Outlook Mired by Extreme Retail Positioning

The recent rebound in gold appears to stalling at a near-term pivot as the precious metal quickly falls back from the July-high ($1266).

USD/CAD Rebound Stalls Ahead of Bank of Canada (BoC) Meeting

The recent rebound in USD/CAD appears to stalling ahead of the Bank of Canada (BoC) meeting as data prints coming out of Canada boost bets for an imminent rate-hike.

Post-NFP EUR/USD Breakout Eyes June High

EUR/USD appears to be on track to extend the advance from earlier this month as it carves a fresh series of higher highs & lows.

AUD/USD Stages Larger Rebound While Retail Shorts Jump 32%

AUD/USD appears to be on the cusp of a larger recovery as the exchange rate breaks out of its recent range and carves a fresh series of higher highs & lows.

USD/JPY Outlook Hinges on Fed Chairman Powell Testimony

Fresh comments from Fed officials may sway the near-term outlook for USD/JPY as the central bank appears to be on course to implement additional rate-hikes in 2018.

Weekly Trading Forecast: US and China Ensure Trade Wars, Dollar and Pound Look for Guidance

Risk trends were remarkably sanguine this past week in the face of confirmed tariffs placed by the US and China on each other. Don’t expect risk trends or benchmark FX currencies to simply igno...

Oil Forecast: Bearish Series Unfolds as Monthly Opening Range Snaps

Oil prices may exhibit a more bearish behavior over the coming days as they snap the recent range and initiate a series of lower highs & lows.


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