Ilya Spivak

Sr. Currency Strategist

Fundamental analysis, economic and market themes
Ilya Spivak is a Currency Strategist for DailyFX, where he applies a top-down, global macro approach to longer-term investing in the G10 currencies. Ilya has headlined seminars on FX trading around the world and his research is regularly cited in leading publications including the Wall Street Journal, MarketWatch, CNN Money and Reuters. He holds degrees in Economics and International Relations from the University of California.



EUR/GBP Technical Analysis: Upside Correction Under Way?

The Euro turned higher against the British Pound as expected, with prices breaking the boundaries of the near-term down trend in play since mid-November.

Crude Oil Prices Drop as OPEC Deal Cheer Dissipates

Crude oil prices fell for a third day as optimism following a last-minute OPEC production cut deal dissipated amid worries that oversupply will persist regardless.

Euro May Rise Even if the ECB Extends and Expands QE Effort

The Euro may rise even as the ECB extends and broadens the scope of its QE stimulus effort if policymakers see inflation on a path toward their target.

EUR/USD Technical Analysis: Trend Still Bearish After Upsurge

The Euro is digesting gains below the 1.08 figure against the US Dollar having posted the largest daily advance in six months.

Gold Prices May Bounce in Pre-Positioning for FOMC Meeting

Gold prices may bounce before next week’s FOMC meeting as traders ponder the possibility that policymakers will be more timid than markets in their 2017 outlook.

British Pound Edges Lower as PM May Moves to Outfox Critics

The British Pound declined after Prime Minister Theresa May moved to outfox critics of her tight-lipped approach to Brexit plans by asking MPs to vote on them.

Crude Oil Prices Struggle at Chart Barrier After OPEC Rally

Crude oil prices are struggling to overcome familiar chart resistance after a sharp rally in the wake of a last-minute OPEC agreement on a production cut.

AUD/USD Technical Analysis: Aiming for Return Below 0.74

The Australian Dollar may be readying to resume the down trend launched in early November after a brief upward correction against its US counterpart.

British Pound Gains as Supreme Court Weighs Brexit Appeal

The British Pound traded higher as the UK Supreme Court weighed whether the government needs Parliament’s say-so before formally triggering Brexit.

Gold Price Spike Erased, Selloff Resumes on Italy Vote Rethink

Gold prices erased an intraday gains, succumbing to renewed selling pressure as the markets reconsidered the implications of Italy’s constitutional referendum outcome.

Euro Losses on Italy Referendum Outcome May Be Fleeting

The Euro may not find lasting downward follow-though having plunged after Italian Prime Minister Renzi resigned after losing a pivotal referendum vote.

Weekly Trading Forecast: Fed Hike Speculation Gives Way to ECB Taper

The Dollar ended this past week with a discernable lack of direction - despite holding just off 13-year highs. The FOMC decision is still more than a week away. Meanwhile, the ECB rate decision and Eu...

Australian Dollar May Suffer as the RBA Resurrects Rate Cut Bets

The Australian Dollar may face selling pressure as soft news-flow and rising yields inspire dovish RBA rhetoric, rekindling near-term rate cut speculation.��

EUR/GBP Technical Analysis: Pound Struggling to Extend Gains

The Euro spiked down to the lowest level in three months against the British Pound but prices failed to secure a lasting break of a narrow congestion range.

EUR/USD Technical Analysis: Digesting Losses Near 1-Year Low

The Euro has paused to digest losses against the US Dollar having found support after sliding to a one-year low above the 1.05 figure.

US Dollar May Resume Advance on Upbeat Payrolls Data

The US Dollar may take another leg upward if upbeat payrolls figures encourage further steepening of the 2017 Fed interest rate hike outlook.

Crude Oil Prices Vulnerable as US Jobs Data Interrupts OPEC Rally

Crude oil prices may lose steam after the strongest two-day rally in 11 months as upbeat US jobs data boosts the US Dollar, slowing OPEC-inspired momentum.

NZD/USD Technical Analysis: Candle Setup Hints at Downturn

The New Zealand Dollar put in a bearish Dark Cloud Cover candlestick pattern, hinting a turn lower against its US namesake may be ahead after a brief upswing.

AUD/USD Technical Analysis: Aussie Drops Most in a Month

The Australian Dollar turned sharply lower against its US counterpart following a brief recovery, posting the largest daily drop in a month.

Gold Prices May Continue to Fall as Fed Rate Hike Bets Swell

Gold prices may continue to fall as upbeat US economic data amplifies “Trump trade” capital flows, driving bets on an ever-steeper Fed rate interest rate hike path.