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.



US Dollar May Struggle as Trump Speech Overshadows Hawkish Fed

The US Dollar may struggle in the week ahead as doubts about the impact of still-uncertain fiscal policy overshadow hawkish pronouncements from Federal Reserve officials.

NZD/USD Technical Analysis: Range Top Back in Play

The New Zealand Dollar rebounded having found support at the bottom of a range that has confined price action against the currency’s US namesake for two weeks.

US Dollar May Fall as Yen Gains on Fizzling Trump Trade Optimism

The US Dollar may fall as the Japanese Yen gains as Treasury’s Mnuchin dents hopes for fiscally fueled inflation that steepens the Fed’s rate hike path.

Gold Prices Rise as Team Trump Steers Fed Rate Hike Outlook

Gold prices rose after Treasury Secretary Mnuchin said expansionary fiscal policy probably wont’t be reflected in the economy this year, weighing on Fed rate hike bets.

EUR/GBP Technical Analysis: Ready to Test Below 0.84?

The Euro recoiled sharply higher after hitting the weakest level in two months against the British Pound but overall positioning still seems to favor the downside.

Crude Oil Prices Look to EIA Inventory Data to Power Recovery

Crude oil prices are looking to the official EIA set of inventory flow figures to propel a recovery triggered after API estimated that stockpiles fell.

US Dollar May Rebound as FOMC Minutes Fade From View

The US Dollar may recover as hawkish comments from Fed officials overshadow the more dated minutes from February’s FOMC meeting published yesterday.

EUR/GBP Technical Analysis: Key Support Shelft Broken

The Euro dropped to the lowest level in two months against the British Pound, breaking a long-standing support shelf and hinting at deeper losses ahead.

US Dollar Pulls Back vs. Yield-Sensitive FX as FOMC Minutes Loom

The US Dollar turned defensive against especially yield-sensitive alternatives including the Aussie and the Yen as all eyes turned to minutes from February’s FOMC meeting.

Gold Price Chart Hints at Topping, Hawkish FOMC Minutes May Help

Gold prices may turn lower as technical topping cues are made good with a push from a hawkish set of minutes from the Federal Reserve’s February policy meeting.

AUD/USD Technical Analysis: Bearish Reversal Cues Building

The Australian Dollarput in a bearish Evening Star candlestick pattern, hinting a top may be taking shape near double top resistance below the 0.78 figure.

US Dollar May Rise on Fed-Speak, Pound at Risk on Carney Comments

The US Dollar may continue an overnight rally as hawkish comments from Fed officials boost rate hike speculation. The Pound may fall as BOE Governor Carney strikes a dovish tone.

Crude Oil Prices Look to IP Conference as Deadlock Continues

Crude oil prices are looking to a gathering of industry bigwigs in London for comments that may break the deadlock that has confined prices to a narrow range since early December.

EUR/USD Technical Analysis: Sellers Ready to Retake Initiative?

A sharp Euro recovery stalled at a familiar chart barrier below the 1.07 figure, hinting that a corrective bounce from a monthly low may have been exhausted.

Webinar: Financial Markets Transfixed by US Policy Trends

A packed Fed-speak calendar and the release of minutes from February's FOMC meeting have put US monetary policy speculation in the spotlight.

Yen Drops, Aussie Dollar Gains in Risk-On Start to Trading Week

The anti-risk Japanese Yen declined while the Australian Dollar ledsentiment-linked commodity currencies higher amid a cheery start to the trading week.

Gold Prices Retreat as Fed Rate Hike Bets Retake the Spotlight

Gold prices turned lower anew as geopolitical jitters receded, allowing Federal Reserve interest rate hike speculation to retake the spotlight once again.

Weekly Trading Forecast: Fed, Team Trump Battle for Influence

Financial markets cheered a confident Fed yet wilted on fears of status-quo-shattering maneuvers from "team Trump" last week. The tug of war is set to resume in the week ahead.

US Dollar Rise on Fed Rate Hike Bets at the Mercy of Team Trump

The US Dollar may find renewed support from a hawkish Federal Reserve in the week ahead but worrisome headlines from Washington, DC remain a potent threat.

EUR/USD Technical Analysis: Euro Rallies Most in 2 Weeks

The Euro bounced sharply higher after falling to the weakest level in a month, posting the biggest daily gain in two weeks against the US Dollar.