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.



Weekly Trading Forecast: Where Will the Dollar, Equities and Oil Find Their Next Moves?

Volatility has cooled substantially this past week, but the wheels of fundamentals continue to turn with the leaders of all the major central banks due to weigh in on monetary policy in the week ahea...

Euro May Fall on Soft Inflation, Dovish Draghi Comments

The Euro may decline as soft inflation and dovish comments from ECB President Draghi dim hopes for near-term reduction in the scale of monetary stimulus.

EUR/JPY Strategy: Down Trend May Be Resuming After Bounce

The Euro put in a bearish Dark Cloud Cover candlestick pattern after testing critical resistance, hinting a move lower against the Japanese Yen may be ahead.

Yen Aims to Extend Gains, Pound Focus Shifts Back to Politics

The Japanese Yen is aiming to extend gains as investors’ mood sours. The reopening of the UK Parliament will see the British Pound focused on politics anew.

Gold Prices May Find a Lifeline as Market Mood Darkens

Gold prices may bounce after hitting a one-month low as sentiment sours around financial markets, sending bond yields lower and boosting the metal’s relative appeal.

British Pound at Risk as BOE Governor Carney Remains Dovish

The British Pound may turn lower as Bank of England Governor Mark Carney pushes back against the nascent hawkish insurgency on the rate-setting MPC committee.

Crude Oil Prices May Resume Decline on API Inventory Data

Crude oil prices may continue lower after a brief period of digestion at six-week lows if API inventory flow data rekindles oversupply concerns.

Weekly Trading Forecast: Searching for Scarce Direction Cues

A slowdown in top-tier economic news flow leaves battered financial markets to reckon with the aftershocks of last week's back-to-back bombshells.

US Dollar Caught Between Upbeat Fed, Skeptical Markets

The US Dollar is caught between a confident Federal Reserve and skeptical financial markets even as political instability risk remains an ever-present threat.

Yen Drops as Market Mood Brightens, British Pound Finds Footing

The Japanese Yen declined as financial markets’ mood brightened into the end of the trading week. The British Pound rose as post-election political risk receded.

Gold Prices Face Lasting Pressure After Hawkish Fed Rate Decision

Gold prices continue to fall while the US Dollar gains alongside Treasury bond yields as the markets digest a hawkish FOMC monetary policy announcement.

EUR/USD Technical Analysis: Trend Reversal Under Way?

The Euro broke sharply lower after prolonged consolidation near the 1.12 figure against the US Dollar, hinting that a near-term trend reversal may be in the works.

AUD/USD Technical Analysis: Struggling to Hold Above 0.76

The Australian Dollarspiked to the highest level in nearly three months against its US counterpart but prices are struggling to maintain a foothold above the 0.76 figure.

Crude Oil Prices Hit One-Month Low, Gold Suffers Sharp Reversal

Crude oil prices sank to the lowest level in a month amid signs of sluggish demand while gold prices suffered a sharp reversal after a hawkish Fed policy announcement.

Pound May Fall on BOE Vote Count, Yen May Rise on US Politics

The British Pound may fall as the lone hawkish vote on the MPC backs off. The Yen may rise as US political jitters drive risk aversion across financial markets.

Australian Dollar Soars on Upbeat Jobs Report

The Australian Dollar soared against its major currency counterparts after May’s labor market data vastly outperformed economists’ expectations.

US Dollar to Rise if the Fed Keeps its Rate Hike Forecast Steady

The US Dollar is likely to rise if the Federal Reserve leaves its outlook calling for three rate hikes in 2017 unchanged despite recently soft data and swelling political risk.

Gold Prices May Fall as FOMC Leaves Rate Hike Outlook Unchanged

Gold prices may fall as the Federal Reserve continues to aim for three rate hikes in 2017 despite recently sluggish news-flow and US political turmoil.

NZD/USD Technical Analysis: Trying to Rekindle Uptrend

The New Zealand Dollar is attempting to renew upward momentum as prices fight to trigger a test of trend resistance capping gains since September 2016.

EUR/GBP Technical Analysis: Early Topping Signs Emerging

A Euro is on pace to completing a Bearish Engulfing candlestick pattern after a test of resistance below the 0.89 figure, hinting a turn lower against the British Pound may be ahead.