Ilya Spivak

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.



Pound Looks to BOE Testimony for Direction, US Dollar May Bounce

The British Pound is looking to testimony from BOE officials including Governor Carney for direction. The US Dollar may bounce after yesterday’s selloff.

Crude Oil Prices Hit 4-Year High But Chart Setup Warns of Topping

Crude oil prices surged to a four-year high as markets celebrated a delay of the US/China trade war but chart positioning continues to warn of topping ahead.

Pound Drops on Pledge to Restart Scotland Independence Push

The British Pound fell amid worries that a new push for Scottish independence from the UK will include a proposal to ditch Sterling in favor of another currency.

Gold and Crude Oil Prices Diverge on Cooling US, China Tensions

Gold and crude oil prices look set to chart divergent paths as cooling trade tensions between the US and China boost risk appetite across financial markets.

Weekly Forecast: FOMC Minutes, Powell Speech Keep Fed in Focus

Fed monetary policy remains in focus for financial markets as minutes from May’s FOMC meeting and a speech from Fed Chair Powell cross the wires.

US Dollar Aims to Extend Rally on FOMC Minutes, Powell Speech

The US Dollar may continue higher as minutes from May’s FOMC meeting and a speech from Chair Powell boost Fed rate hike expectations further.

US China Trade War & a Brief History of Trade Wars – 1900 until Present

In this report, we look at some of the key events that have promoted and stymying global trade from 1900 to the latest US China Trade War.

Euro Up as Italy Fears Cool, Canadian Dollar Down on NAFTA Talks

The Euro rebounded from a five-month low as worries about Italian politics ebbed a bit. The Canadian Dollar fell as the US deflated hopes for a NAFTA deal.

Crude Oil Prices May Turn Lower From Resistance Near $72

Crude oil prices may turn lower from resistance near $72/barrel on the WTI benchmark, validating accumulating bearish technical clues.

British Pound Gains on Hopes for Post-Brexit Customs Compromise

The British Pound rose amid hopes for a customs regime compromise uniting Prime Minister May’s fractured cabinet and unlocking stalled Brexit negotiations.

Gold Price Drop Stalls Just Shy of Breakout - Now What?

Gold prices managed to avoid outright trend reversal, holding on by a thread above support guiding advance from December 2016 as the US Dollar retreated.

EUR/GBP Technical Analysis: 7-Month Down Trend Back in Play

The Euro looks vulnerable to deeper losses against the British Pound after prices broke support guiding the upswing from lows set in mid-April.

Euro Breakdown Favored vs Canadian Dollar, Confirmation Pending

The Euro sits at trend-defining support against the Canadian Dollar, with fundamental forces seemingly lining up in favor of a downward breakout.

Crude Oil Prices May Be Topping, IEA Report and Inventory Data Due

Crude oil price technical positioning hints a top may be taking shape. A monthly report from the IEA and official inventory flow data line up as potential catalysts.

Euro May Extend Decline on Dovish Draghi Comments

The Euro may continue to decline following dovish comments from ECB President Mario Draghiafter hitting a four-month low yesterday.

AUD/USD Technical Analysis: Deeper Down Move Seen Ahead

The Australian Dollar may be on the cusp of another push lower against its US counterpart following a brief corrective recovery to retest former chart support.

Gold Prices Menace Key Support with Fed Freshmen Hearings Due

Gold prices threaten trend support guiding the move higher since December 2016 with Senate confirmation hearings for two incoming Fed officials due.

Euro May Fall on German GDP, US Dollar Eyes Fed Senate Hearings

The Euro may fall as soft German GDP data cools bets on ECB tightening. The US Dollar eyes confirmation hearings for two aspiring Fed officials.

EUR/USD Technical Analysis: Euro Down Move Ready to Resume?

The Euro may be ready to resume the down move started in mid-April against the US Dollar after brief corrective bounce from support above the 1.18 figure.

US Dollar Retreat May Stall Before Fed Freshmen Face Hearings

The US Dollar may find support after a pullback from four-month highs ahead of Senate confirmation hearings for two aspiring Federal Reserve officials.