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.



NZD/USD Technical Analysis: Down Trend Back in Play

The New Zealand Dollar broke through congestion range support and looks to have resumed the down trend started in early February against its US counterpart.

EUR/USD Technical Analysis: A Top in Place Below 1.10?

The Euro may be readying to turn lower against the US Dollar having tested the bounds of the dominant down trend in play for nearly a year.

Pound May Rise as UK GDP Downturn Portends Softer Brexit Rhetoric

The British Pound may counterintuitively rise on data showing UK economic growth slowed in the first quarter as markets prioritize politics over BOE policy considerations.

Gold Prices May Rise as Soft US GDP Cools Fed Rate Hike Bets

Gold prices may recover from a two-week low first-quarter US GDP figures disappoint already most expectations, slashing bets on about another Fed rate hike in the near term.

Euro May Fall as Dovish Draghi Sets Stage for ECB QE Change

The Euro may fall as ECB President Draghi strikes a dovish tone to soothe the markets’ nerves while the central bank adjusts the size of its monthly QE asset purchases.

Crude Oil Price Recovery Aborted as Trump Tax Plan Disappoints

A sharp crude oil price recovery following supportive inventory flow data fizzled as risk appetite soured after a White House tax reform proposal disappointed investors.

AUD/USD Technical Analysis: 2-Month Range Floor Gives Way

The Australian Dollarbroke through two-month chart support below the 0.75 figure, hinting at deeper losses against its US counterpart on the horizon.

US Dollar Gains as Tax Plan Hopes Rekindle Trump Trade

The US Dollar rose as high hopes for a White House tax reform plan rekindled the so-called “Trump trade” and fueled Fed rate hike bets. Will the President deliver?

Gold Prices Drop as Markets Set Sights on Trump Tax Plan

Gold prices continued to sink amid lingering optimism after the first round of France’s presidential election but a White House tax reform proposal may change the landscape.

Australian, NZ Dollars Drop on Firming Fed Outlook - Will it Last?

The Australian and New Zealand Dollars are falling as Fed rate hike bets swell in risk-on trade. Downbeat US economic data may disrupt the move however.

Crude Oil Prices Look to Inventory Data for a Lifeline

Crude oil prices are looking to weekly inventory flow data for a lifeline after seven consecutive down days produced the longest losing streak in over a year.

Yen May Fall Further as French Election Stokes Risk Appetite

The Japanese Yen may continue to decline as the outcome of the first round of France’s presidential election boosts the markets’ mood and weighs on the anti-risk currency.

Gold Prices Drop as Macron Leads First Round in French Election

Gold prices fell as Emmanuel Macron emerged as the leader in the first round of the French presidential election, boosting market-wide risk appetite.

EUR/GBP Technical Analysis: Euro Spikes to Key Resistance

The Euro spiked dramatically higher against the British Pound following the results of first-rounding voting in the French presidential election.

Euro Gaps Sharply Higher as Le Pen, Macron Advance in French Vote

The Euro gapped sharply higher at the weekly trading open as Emmanuel Macron and Marine Le Pen advanced to the second round of the French presidential election.

Weekly Forecast: French Election, Trump Tax Plan, US GDP in Focus

Financial markets are set for a volatile week as first round of the French presidential election, a White House tax reform proposal and first-quarter US GDP data looms ahead.

US Dollar Bracing for French Election, Trump Tax Plan, GDP Data

The US Dollar looks set for a volatile week as the first round of the French presidential election, a White House tax reform proposal and first-quarter GDP data loom ahead.

NZD/USD Technical Analysis: Prices Poised to Pick Direction

The New Zealand Dollar is mired in a choppy congestion range below the 0.71 figure against its US cousin as prices struggle to find lasting directional momentum.

AUD/USD Technical Analysis: Range Boundaries Taking Shape

The Australian Dollaris struggling to hold below the 0.75 figure against its US counterpart but seems equally unable to mount a convincing assault on the 0.76 mark.

EUR/USD Technical Analysis: Coiling Up for a Breakout?

The Euro spiked up to a three-week high against the US Dollar but momentum faded, leaving the single currency within the bounds of an eleven-month down trend.