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.



Euro Drops Before ECB Delivers Key Decision on the Fate of QE

The Euro fell before the ECB delivers a key decision on the fate of its QE asset purchase program later this week, with prices tellingly dropping alongside German bond yields.

Gold Prices Drop as Trump Trade Narrative Finds New Life

Gold prices dropped as US rate hike prospects fueled bets on a steeper Fed interest rate hike cycle, pushing the US Dollar higher alongside Treasury bond yields.

AUD/USD Technical Analysis: Down Trend Resumption in the Works?

Aspirited Australian Dollar recovery against its US counterpart stalled ahead of the 0.79 figure, hinting that the down trend started in early September may soon resume.

EUR/USD Technical Analysis: Euro Trend Bias Favors Weakness

The Euro remains stuck in a narrow consolidation range near the 1.18 figure against the US Dollar but overall positioning continues to favor a bearish bias.

Euro May Rise as Draghi Speaks, US Dollar Eyes Fed Beige Book

The Euro may rise if a speech from ECB President Draghi emphasizes monetary stimulus limitations. The US Dollar is looking to the Fed Beige Book survey to fuel continued recovery.

Crude Oil Prices Menace Six-Month High, EIA Inventory Data on Tap

Crude oil prices are poised to challenge six-month highs near the $53/bbl figure as markets await official EIA weekly inventory flow statistics.

Gold Prices Tumble as Fed Rate Hike Speculation Heats Up Anew

Gold prices are back on the defensive as Fed rate hike speculation heats up anew following last week’s respite. More of the same may be ahead, even without fresh catalysts.

British Pound May Rise on UK CPI, Carney Commentary

The British Pound may rise as UK CPI data shows inflation continues to accelerate while testimony from BOE Governor Carney and two new MPC officials takes a hawkish tone.

EUR/GBP Technical Analysis: Euro Down Trend About to Resume?

The Euro has broken support guiding the upswing from September lows, hinting that the down trend started in late August against the British Pound may be resuming.

Weekly Trading Forecast: Central Banks Back in the Spotlight

Central banks will command financial markets' attention in the week ahead, with speeches from top officials including Fed Chair Yellen and a wealth of policy-defining data due.

US Dollar Looks to Yellen Speech to Revive Upward Momentum

The US Dollar may return to the offensive as a marquee speech from Fed Chair Janet Yellen cements December rate hike chances despite recent data missteps.

US Dollar Looks to Inflation Data to Revive Its Fortunes

The US Dollar may rise as September’s CPI figures put headline inflation at a six-month high, offering fresh fuel to recently stagnant Fed interest rate hike speculation.

Crude Oil Prices Brace for Trump Speech on US Iran Policy

Crude oil prices may rise if US President Trump signals a move away from an Obama-era deal with Iran exchanging sanctions relief for nuclear capability reduction.

EUR/GBP Technical Analysis: Euro Down Trend About to Resume?

The Euro may be readying to resume the down trend started in late August against the British Pound after a corrective upswing stalled ahead of the 0.90 figure.

NZD/USD Technical Analysis: NZ Dollar Ready to Turn Higher Again?

The New Zealand Dollar put in a bullish Morning Star candlestick pattern, hinting that a reversal higher against its US counterpart may be in the works.

Gold Price Recovery May Stall Near $1300/oz on US PPI Data

Gold prices rose for a fourth consecutive day as minutes from September’s FOMC meeting cooled rate hike speculation. September’s US PPI data might arrest the metal’s gains.

British Pound May Rise as BOE Credit Survey Boosts Rate Hike Bets

The British Pound may rise as quarterly BOE surveys on UK credit conditions and bank liabilities point to easing funding conditions, opening the door for a rate hike.

EUR/USD Technical Analysis: Euro Down Trend Remains Intact

The Euro has mounted a spirited recovery against the US Dollar after finding support near the 1.17 figure but the dominant trend bias still favors weakness.

Crude Oil Prices Rise on Output Cut Hopes, Gold Eyes FOMC Minutes

Crude oil prices are relishing the prospect of an “unprecedented” Saudi output cut next month. Gold prices may turn lower anew as minutes from September's FOMC meeting are unveiled.

Euro Gains But Broader Markets Yawn as Catalan Crisis Fizzles

The Euro rose but broader financial markets seemed unimpressed after Catalan President Puigdemont backed away from the results of a controversial independence referendum.