Ilya Spivak

Ilya Spivak

Sr. Currency Strategist

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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.



Yen Drop May Continue, Euro Likely to Overlook PMI Data

The perennially anti-risk Japanese Yen fell as Asia Pacific stocks followed Wall Street higher. More of the same may be in store through the week-end.

Gold Prices Rise as US Dollar Sinks, Crude Oil Eyes OPEC Meeting

Gold prices rose as swelling risk appetite weighed on the US Dollar. Crude oil prices are looking to a weekend OPEC meeting for direction cues.

British Pound to Look Past UK CPI, US Dollar May Rise

The British Pound may overlook incoming UK inflation data while the US Dollar gains amid pre-positioning for next week’s FOMC policy announcement.

Crude Oil Prices Rise Even as Trade War Heats Up - Now What?

Crude oil prices rose even as the trade war between the US and China continued to heat up, with the two sides exchanging another round of tariffs. Where to from here?

Yen Down, Aussie Dollar Up on Diluted US Tariffs Against China

The anti-risk Yen fell while the Aussie Dollar rose with Chinese stocks a diluted set of new US tariffs hinted White House protectionism met effective pushback.

Crude Oil, Gold Prices Echo US Dollar Swings on Trump China Tariffs

Crude oil and gold prices echoed swings in the US Dollar as President Donald Trump triggered another round of tariffs targeting $200 billion in imports from China.

EUR/USD Technical Analysis: Euro Topping Near 1.17 Figure?

The Euro may finally be ready to resume the down trend against the US Dollar after nearly a month of indecision at resistance in play since mid-June.

Weekly Fundamental Forecast: A Week Ending Trade War Salvo Leaves Distinct Unease for Next Week’s Trading

Sentiment was just starting to find its balance this past week when another US-China trade war headline involving the US President hit the wires. Will this theme return to prominence next week or wil...

US Dollar, Yen May Rise as Trade War Worries Sour Market Mood

The US Dollar and the Japanese Yen may rise as worries about trade war escalation between the US and China sour the mood across global financial markets.

Gold Prices May Find Near-Term Support But Lasting Gains Unlikely

Gold prices may find a bit of support as a sour market mood weighs on bond yields but lasting gains appear unlikely as Fed rate hike expectations continue to build.

EUR/GBP Technical Analysis: Will The Euro Decline Continue?

Euro chart positioning hints the currency may be downward-bound against the British Pound but the confirmation needed to take a trade is still pending.

US Dollar Rally May Resume on Fed Rate Hike Bets, Risk Aversion

The US Dollar backtracked last week but a durable upshift in Fed interest rate hike expectations and the threat of renewed risk aversion may put it back on the offensive.

US Dollar May Rise Anew as Fed Outlook Firms in Risk-On Trade

The US Dollar has suffered as improving market sentiment cut into its haven appeal. Firming Fed interest rate hike bets might alter this dynamic.

Crude Oil Prices Fell Despite IEA Iran, Venezuela Supply Warning

Crude oil prices fell even as the IEA warned that lost output from Iran and Venezuela may pressure them higher. Fears of demand destruction amid trade wars may be why.

EUR/USD Technical Analysis: Downtrend Intact Amid Consolidation

The Euro is stuck in a choppy consolidation range capped near 1.17 against the US Dollar but the dominant downtrend still looks to be firmly intact.

Euro, British Pound May Diverge on ECB and BOE Policy Decisions

The Euro and the British Pound may carve out divergent paths following monetary policy announcements form the European Central Bank and the Bank of England.

AUD/USD Technical Analysis: Trend Bias Still Bearish After Rebound

The Australian Dollar has mounted a spirited recovery against its US counterpart but overall chart positioning continues to favor downtrend resumption.

Gold Prices May Turn Lower Anew After US CPI Data

Gold prices found strength in a US Dollar pullback but the overall bias remains convincingly bearish, with US CPI data a possible trigger for downtrend resumption.

US Dollar May Rise as Fed Rate Hike Outlook Continues to Swell

The US Dollar may rise if August PPI data echoes a jump in wage inflation, boosting the likelihood of a fourth Fed interest rate hike this year.

Crude Oil Prices May Be Topping Despite Surge on Florence Fears

Crude oil prices surged amid worries about the impact of hurricane Florence. Chart positioning warns that a major top may be taking shape however.