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 May Rise as Dovish SNB, BOE Add to Global Slowdown Worries

The Japanese Yen may rise as dovish guidance from the SNB and the BOE add to worries about slowing global economic growth in the wake of the Fed rate decision.

Crude Oil Prices May Retreat as Central Banks Stoke Growth Fears

Crude oil prices may retreat as downbeat comments from the SNB and the BOE compound Fed-driven worries about a slowdown in global economic growth.

US Dollar May Rise Despite a Defensive Turn in Fed Guidance

The US Dollar may rise despite a defensive turn in official Fed policy guidance as worries about slowing global growth stoke risk aversion and boost haven demand.

Gold Prices at Risk as Cautious FOMC Stokes Global Slowdown Fears

Gold prices may be at risk as a defensive pivot in Fed forward guidance leaves the markets’ policy bets broadly intact but stokes global slowdown fears.

Yen Up, S&P 500 Chart Warns of Topping Before Fed Rate Decision

The anti-risk Japanese Yen is up while the near-term S&P 500 chart setup shows signs of topping ahead of the much-anticipated FOMC monetary policy announcement.

Crude Oil Price Recovery May Be Running Out of Steam

Crude oil prices may turn lower if technical signs of ebbing upside momentum find follow-through. API inventory flow data is on tap ahead.

NZD/USD Technical Analysis: NZ Dollar Coiling Up for a Breakout?

The New Zealand Dollar seems to be coiling up for a breakout against its US counterpart but a clear directional bias is struggling to emerge.

Yen and US Dollar at Risk, GBP/USD May Be Topping

The anti-risk Yen and US Dollar may be vulnerable as sentiment firms across financial markets. GBP/USD technical positioning hints a top may be taking shape.

Gold Price Chart Hints at Topping Before Fed Policy Announcement

Gold prices may be carving out a topping chart pattern. Soundbites form an OPEC+ meeting and EIA drilling data may highlight competing influences on crude oil supply.

EUR/USD Technical Analysis: Euro Down Trend Expected to Resume

The Euro is back at trend-defining resistance against the US Dollar, with near-term chart positioning hinting that downside resumption is the likely path forward.

Weekly Fundamental Forecast: Weekly Trading Forecast: Will Risk Trends Overwhelm Central Banks?

It was difficult to miss the shudder in confidence from the financial markets this past week. Benchmarks like the EURUSD and Dow lurched lower as the headlines painted a backdrop of a troubled global...

US Dollar May Extend Advance as Market Sentiment Deteriorates

The US Dollar is likely to attract continued support from haven-seeking capital flows as global slowdown fears and political instability weigh on market sentiment.

EUR/USD Technical Analysis: Sellers Try to Clear a Path Below 1.10

The Euro recoiled from 14-month resistance against the US Dollar, with sellers now working on clearing a path below the 1.10 figure.

US Dollar Likely to Find Excuse for Gains in Jobs Report

The US Dollar seems likely to find an excuse for further gains in February’s US employment data while sentiment trends set the tone elsewhere in the G10 FX space.

US Jobs Data May Validate Bearish Crude Oil Price Chart Setup

Crude oil prices have struggled to make good on technical signs of topping but incoming US jobs data may finally validate the setup.

Euro, Yen and Aussie Dollar May All Find Fuel in ECB Rate Decision

The impact of an ECB policy call setting the stage for more stimulus might reach past the Euro to broader sentiment trends, driving Yen and Australian Dollar volatility.

Gold Prices May Struggle to Capitalize on Dovish ECB

Gold prices may struggle to capitalize on a dovish ECB policy decision if a subsequent drop in EUR/USD translates into a broadly stronger US Dollar.

NZD/USD Technical Analysis: Five-Month Trend Support Under Fire

New Zealand Dollar is testing five-month countertrend support. A breach below the 0.67 figure may set the stage for resumption of the longer-term structural decline.

Yen and US Dollar May Rise Further on OECD Outlook, BOC Rate Call

The Japanese Yen and US Dollar may continue to rise as an OECD forecast update and BOC policy decision stoke global slowdown fears and sour market sentiment.

Crude Oil Prices May Fall as OECD, BOC Feed Global Slowdown Fears

Crude oil prices may fall as an OECD economic outlook update and a Bank of Canada policy announcement stoke concerns about global economic slowdown.