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.



Is a US Dollar Rally Brewing Ahead?

The US Dollar may rise if comments from Federal Reserve officials mirror the hawkish tone of Chair Yellen, who all but promised tightening in December.

Yen Soars as Sentiment Deteriorates Across Financial Markets

The Japanese Yen soared as assorted headlines citing the BOJ, Deutsche Bank and various Brexit-related jitters conspired to trigger market-wide risk aversion.

Crude Oil Drops as Output Deal Hopes Dim Before OPEC Meeting

Crude oil prices moved sharply lower amid dimming hopes for an output management accord to be agreed at this week’s OPEC meeting. More of the same is likely ahead.

Weekly Trading Forecast: Where to for FX Market after Fed and BoJ Adjust, Volatility Cools?

We have passed two weeks of fireworks in volatility and event risk. Will conditions simply settle as they did in July and August; or has a permanent shift been put into motion?

Aussie Dollar to Fall as Fed-Speak, US Data Fuel Rate Hike Bets

The Australian Dollar launched an impressive recovery last week, with the lion’s share of gains coming in the wake of the FOMC monetary policy announcement.

US Dollar to Rise if Fed-Speak Cements December Rate Hike Bets

The US Dollar may rebound after two days of losses following the FOMC policy announcement as hawkish Fed-speak boosts December rate hike bets.

Gold Prices Lose Steam After Post-FOMC Rally, May Turn Lower

Gold prices stalled after posting the largest gain in two weeks and my turn lower as Fed commentary stokes December rate hike speculation.

Gold Prices May Struggle After Largest Gain in 2 Weeks

Gold prices posted the largest gain in two weeks following the FOMC policy announcement but the move may struggle for follow-through going forward.

Euro, Pound May Fall on Brexit Fears as Post-FOMC Optimism Fades

The Euro and British Pound may decline as comments from ECB and BOE officials stoke Brexit-related worries while the post-FOMC swell in risk appetite may falter.

AUD/USD Technical Analysis: Eyeing Resistance Near 0.77 Again

The Australian Dollar is setting its sights on a test of key resistance near 0.77 against its US namesake having found support at long-standing trend line.

EUR/USD Technical Analysis: Near-Term Bias Remains Bearish

Euro technical positioning seems to argue for a cautiously bearish trend bias against the US Dollar in the near term.

Crude Oil Price Recovery May Fizzle on Hawkish FOMC

Crude oil prices may turn lower anew after recovering in the wake of supportive API inventory figures as a hawkish FOMC boosts the US Dollar.

Yen Falls as BOJ Updates Policy, Fed Rate Decision Now in Focus

The Japanese Yen fell as the Bank of Japan introduced yield curve targeting into its arsenal of stimulus measures. The FOMC policy announcement is in focus ahead.

EUR/GBP Technical Analysis: Forming Major Topping Pattern?

The Euro put in a Shooting Star candlestick on a test of resistance near the 0.86 figure against the British Pound, hinting a turn lower may be ahead.

Currency Markets Brace for Impact Ahead of FOMC Meeting Outcome

Currency markets are locked in quiet consolidation, with traders seemingly unwilling to commit to a directional bias ahead of the FOMC monetary policy announcement.

AUD/USD Technical Analysis: Key Trend Line Held for Now

The Australian Dollar is attempting to build higher against its US counterpart after finding support at a rising trend line set from late January.

NZD/USD Technical Analysis: Stalling at Trend Line Support

The New Zealand Dollar declined against its US namesake as expected after the pair put in a Bearish Engulfing candlestick pattern.

Gold, Crude Oil Prices Stall as FOMC Rate Decision Looms

Gold and crude oil prices have stalled at familiar technical barriers as traders withhold directional conviction ahead of the upcoming FOMC policy announcement.

All Eyes on FOMC, BOJ Rate Decisions

The US Dollar may rise as hawkish Fed rheotric sets the stage for a December rate hike. The Yen may gain amid growing skepticism about the potency of BOJ policy.

US Dollar Falls Amid Pre-Positioning Before FOMC Rate Decision

The US Dollar turned broadly lower having surged Friday following firm inflation data amid pre-positioning for this week’s much-anticipated FOMC policy announcement.

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