Ilya Spivak

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.



EUR/GBP Technical Analysis: Forming Head and Shoulders Top?

The Euro may be carving out a top against the British Pound after rising to the highest level in three years in the wake of last month’s UK Brexit referendum.

Crude Oil, Gold Prices Look to European PMI Data for Direction

Crude oil and gold prices are looking to European PMI surveys to gauge the degree of post-Brexit slowing in economic activity on both sides of the English Channel.

Euro, Pound May Fall as Yen Gains on Post-Brexit PMI Data

The Euro and British Pound may fall while the Japanese Yen gains as PMI surveys reveal the degree of post-Brexit slowdown in the UK and the Eurozone.

NZD/USD Technical Analysis: Sinking to 2-Month Low

The New Zealand Dollar declined against its US namesake as expected, sinking to the lowest level in nearly two months as sellers attempt to breach the 0.70 figure.

Gold Prices May Continue Lower as ECB Boosts Risk Appetite

Gold prices may continue to decline having dropped to the weakest level in a month as supportive comments from the European Central Bank boost market-wide risk appetite.

Euro, Yen May Fall as Pound Gains on Confidence-Boosting ECB Tone

The Euro may decline alongside the Japanese Yen if the ECB signals it is prepared to counter post-Brexit contagion while helping to shore up Italian banks.

Crude Oil Prices Rise, Gold Falls as BOE Talks Down Brexit Impact

Crude oil prices rose while gold fell amid a broad swell in market-wide risk appetite after the Bank of England painted an upbeat picture of the post-Brexit UK economy.

AUD/USD Technical Analysis: Short Trade Triggered Above 0.75

The Australian Dollar issued the largest daily decline in a month against its US namesake, breaking the near-term rising trend carved from lows set after the Brexit referendum.

EUR/USD Technical Analysis: Waiting for Range Breakout

The Euro continues to wait for new direction cues as prices tread water in a now-familiar range above the 1.10 figure against the US Dollar.

Gold Prices May Hold Up on ZEW Data Despite Support Break

Gold prices may hold up despite a break of chart support if German ZEW survey data highlights Brexit spillover risk and triggers broad-based risk aversion.

Euro May Fall as German ZEW Survey Highlights Brexit Spillover

The Euro may fall as Germany’s ZEW survey of investor confidence shines a spotlight on the threat of post-Brexit spillover for the Eurozone’s largest economy.

Brexit Impact Beyond the UK

Tracking knock-on negativity from the UK Brexit referendum is in focus in the week ahead. Germany’s ZEW survey, flash Eurozone PMIs and the ECB rate decision are on tap.

Yen Drops as Turkey Coup Fizzles, NZ Dollar Falls on RBNZ Bets

The anti-risk Japanese Yen declined as risk appetite firmed amid news that a military coup in Turkey has fizzled. The Kiwi Dollar fell on growing RBNZ rate cut bets.

Crude Oil Edges Lower as Turkey Supply Disruption Fears Recede

Crude oil prices edged lower as fears of a supply disruption in Turkey receded after an attempted military coup over the weekend appeared to have failed.

Australian Dollar at Risk on Post-Brexit, Geopolitical Jitters

The Australian Dollar is at the mercy of risk appetite trends once again, with post-Brexit spillover fears and geopolitical jitters threatening the sentiment-linked currency.

EUR/GBP Technical Analysis: Euro Slumps to Two-Week Low

The Euro declined against the British Pound, falling to the lowest level in two weeks following the Bank of England monetary policy announcement.

Gold Prices May Fall on US Retail Sales, Consumer Confidence Data

Gold prices may decline if US retail sales and consumer confidence data tops economists’ expectations, boosting market-wide risk appetite.

Japanese Yen Losses May Deepen as US Data Feeds Risk Appetite

The Japanese Yen may fall further after hitting a three-week low overnight as US economic data boosts sentiment, undermining support of the anti-risk currency.

NZD/USD Technical Analysis: Double Top in the Works?

The New Zealand Dollar has settled into a range above the 0.42 figure against its US counterpart after prices failed to break out on a test of June’s swing high.

British Pound May Rise if Bank of England Issues Rate Cut

The British Pound may rise as the Bank of England cuts its policy interest rate to the lowest on record as markets cheer stimulus expansion amid post-Brexit jitters.

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