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.



Trading Brexit Vote Aftermath with EUR/GBP Short Trade

A short EUR/GBP trade has been activated on expectation that financial markets will reevaluate the Euro's sensitivity to aftershocks from the "Brexit" referendum.

US Dollar May Rise on Yellen Speech at Jackson Hole

The US Dollar may rise as Federal Reserve Chair Janet Yellen boosts rate hike speculation with a much-anticipated speech at the Jackson Hole Symposium.

Crude Oil Prices Rise on OPEC Deal Hopes, Yellen Threatens Gold

Crude oil prices bounced amid renewed hope for an OPEC output freeze deal at next month’s informal meeting. Gold prices may fall on hawkish comments from Fed Chair Yellen.

Euro Eyes IFO Data, NZ Dollar Gains After Fonterra Outlook Update

The Euro is looking to German IFO data to gauge post-Brexit vote malaise. The New Zealand Dollar rose after Fonterra upgraded its milk price forecast.

Gold Prices Breach Range Support Ahead of Key Yellen Speech

Gold prices broke through two-week range support on growing supply expectations. The move comes just before a potentially pivotal speech from Fed Chair Yellen.

US Dollar May Rise Amid Pre-Positioning for Yellen Speech

The US Dollar may rise, catching up to a hawkish shift in priced-in monetary policy expectations, ahead of a speech from Fed Chair Janet Yellen on Friday.

Crude Oil Prices Weigh Conflicting Cues Before OPEC Meeting

Crude oil prices are torn between conflicting cues ahead of next month’s OPEC meeting as markets weigh the likelihood of a cartel-wide deal to boost prices.

EUR/GBP Technical Analysis: Euro Drops to 2-Week Low

The Euro turned lower against the British Pound as expected after prices put in a bearish Dark Cloud Cover candlestick pattern, dropping to a two-week low.

NZD/USD Technical Analysis: Topping Below 0.73 Figure?

The New Zealand Dollar continues to tread water in a narrow range against its US namesake having repeatedly failed to hold up above the 0.73 figure.

Euro Likely to be More Sensitive to Soft vs. Upbeat PMI Data

The Euro is likely to be more sensitive to Augusts’ flash PMI data roundup if the outcomes disappoint relative to economists’ expectations versus the alternative.

Crude Oil Prices Plunge as Iraq Readies Output Boost

Crude oil prices fell by the most in two weeks after Iraq prepared to boost output, dimming hopes for a supply restriction deal at an OPEC meeting next month.

Will Janet Yellen Offer a Lifeline to the US Dollar?

The US Dollar soared to start the trading week as traders bet that a much-anticipated speech from Chair Janet Yellen will pave the way for an interest rate hike.

US Dollar Soars, Commodity Dollars and Yen Plunge on Fed Outlook

The US Dollar soared while the yield-sensitive Australian and New Zealand Dollars as well as the Japanese Yen declined amid building Fed rate hike speculation.

Gold Prices Drop as Fed Rate Hike Bets Swell Before Yellen Speech

Gold prices retreated to monthly range support as Federal Reserve interest rate hike bets swelled before a much-anticipated speech from Chair Janet Yellen.

AUD/USD Technical Analysis: 3-Month Trend Support at Risk

The Australian Dollar is attempting to build downside momentum against its US counterpart after signaling a top with the appearance of a bearish Evening Star candlestick pattern.

EUR/USD Technical Analysis: Signs of Topping Emerge

The Euro may be vulnerable to losses after the appearance of a bearish Harami candlestick pattern having advanced to a two-month high against the US Dollar.

Weekly Trading Forecast: What Currencies Face Volatility Amid Low Volatility Global Markets

Extremely thin trading for the capital markets is sidelining FX trends as well. Volatility in the majors continues to outpace its financial peers, but can Janet Yellen's remarks at the Jackson Hole S...

Australian Dollar May Fall Further on Yellen Jackson Hole Speech

The Australian Dollar vulnerable to deeper losses if Fed Chair Yellen boosts interest rate hike speculation with a much-anticipated speech at the Jackson Hole symposium.

US Dollar, Yen Surge as Market Mood Sours into the Weekend

The US Dollar is riding haven flows higher and the anti-risk Yen is not far behind as risk appetite sours across financial markets in the final hours of the trading week.

Gold Prices Unimpressed by Fed-Speak, Waiting for Yellen Speech

Gold prices were unimpressed as Fed officials attempted to unify behind a cautiously hawkish policy outlook. All eyes are now on next week’s speech fromChair Yellen.

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