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.



Gold Prices Rise as Trump Break With CEO Group Cools Fed Outlook

Gold prices rose as US President Donald Trump broke with a group of business leaders advising his administration, casting doubt on a would-be inflationary policy agenda.

Euro May Fall if ECB Meeting Minutes Omit Talk of Tapering QE

The Euro may face selling pressure if minutes from July’s ECB policy meeting omit substantive discussion of tapering the central bank’s QE asset purchase program.

Yen Looks Through Local Trade Data to Focus on Stock Markets

The Japanese Yen looked through a local trade statistics to focus on stock markets as a reflection of sentiment trends prevailing across the financial markets.

New Zealand Dollar Holds Gains Despite Mixed PPI Data

The New Zealand Dollar held on to gains scored after the release of minutes from July’s FOMC meeting, shrugging off a mixed batch of local PPI figures.

AUD/USD Technical Analysis: Aussie Gains Most in 5 Months

The Australian Dollarshot sharply higher, posting the largest gain in five months against its US counterpart following the release of minutes from July’s FOMC meeting.

Euro May Shrug Off GDP Data as US Dollar Gains on FOMC Minutes

The Euro may shrug off a revised set of second-quarter GDP figures while the US Dollar might rise as minutes from July’s FOMC meeting hint at a third rate hike this year.

Crude Oil Prices Eye China Demand Outlook, EIA Inventory Data

Crude oil prices are looking to a forecast for Chinese demand as well as the weekly set of EIA inventory figures for direction after touching a three-week low.

NZD/USD Technical Analysis: Aiming to Test Below 0.72 Figure

The New Zealand Dollarresumed the downtrend started in late July against its US cousin after a brief consolidative pause, hitting the lowest level in a month.

British Pound May Fall on CPI as Euro Looks Past German GDP Data

The British Pound may fall as soft CPI data cools BOE rate hike prospects while the Euro looks past a pickup in second-quarter German economic growth.

Gold Prices May Fall Further on US Retail Sales Report

Gold prices fell as ebbing worries about imminent conflict between the US and North Korea lifted investors’ spirits. July’s US retail sales report may add to selling pressure.

EUR/USD Technical Analysis: Euro Finds Support But Bias Bearish

The Euro has managed to find interim support below the 1.17 figure against the US Dollar but the break of near-term trend support still hints at a downside bias.

Yen Falls, Aussie Dollar Gains as US Officials Cool War Worries

The Japanese Yen declined while the Australian Dollar traded broadly higher after senior US officials talked down worries about imminent war between the US and North Korea.

Crude Oil Prices Cling to Range Floor, Gold Eyes US Retail Sales

Crude oil prices managed to hold their ground at monthly range support despite darkening demand trends. Gold prices are looking to US retail sales data for direction cues.

Weekly Trading Forecast: War Worries May Overshadow Key Data Flow

Financial markets may be forced away from focusing on a slew of top-tier economic news as fiery rhetoric continues to flow from Washington DC in the week ahead.

US Dollar Torn Between Geopolitical Fears, Fed Policy Bets

The US Dollar is torn between the influence of Fed policy speculation and geopolitical risk as key economic news prints against a backdrop of fiery rhetoric from the US and North Korea.

US Dollar Eyes CPI But Geopolitics May Trump Data Impact

The US Dollar is eyeing July’s much-anticipated CPI data to inform Fed rate hike speculation but geopolitical jitters may yet overshadow monetary policy concerns.

EUR/GBP Technical Analysis: Aiming Above 0.91 Figure

The Euro found fuel for another pus higher having spent a week in a narrow consolidation, with buyers now poised to try their luck above the 0.91 figure against the British Pound.

NZD/USD Technical Analysis: Kiwi Drops Most in 7 Months

The New Zealand Dollaraccelerated lower against its US counterpart as expected, suffering the largest drop since January and hitting the lowest level in a month.

Gold Prices May Shrug Off US CPI Data as Risk Appetite Collapses

Gold prices may continue to find support as geopolitical jitters sour market sentiment even as US CPI data points to the first inflation uptick in five months.

AUD/USD Technical Analysis: Sellers Take Aim Below 0.78

The Australian Dollarlooks vulnerable to deeper losses having turned lower after finding resistance below the 0.81 figure against its US counterpart.