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.



Crude Oil Fails to Sustain Gains After Spiking on Inventory Data

Crude oil prices failed to sustain gains having spiked upward after the EIA unexpectedly reported a drop in inventories. Risk appetite trends now enter the spotlight.

Pound Looks to UK GDP to Gauge Growth Trends After Brexit Vote

The British Pound is looking to third-quarter UK GDP data for the first comprehensive look at economic growth trends following the Brexit referendum.

AUD/USD Technical Analysis: Choppy Consolidation Continues

The Australian Dollar continues to oscillate in a choppy trading range below the 0.78 figure against its US counterpart.

EUR/USD Technical Analysis: Digesting Losses Below 1.09 Figure

The Euro paused to consolidate losses after breaching the 1.09 figure against the US Dollar to hit the lowest level in close to eight months.

Gold Price Rebound May Struggle for Lasting Follow-Through

Gold prices may struggle to find continued follow-through after the metal posted the largest daily gain in a month against a backdrop of US Dollar selling.

US Dollar, Yen May Rise as Commodity FX Suffers in Risk-Off Trade

The anti-risk US Dollar and Japanese Yen may rise while the sentiment-geared commodity dollars face selling pressure as risk appetite sours across financial markets.

Pound May Weaken as BOE Governor Carney Testifies on Brexit

The British Pound may decline as Bank of England Governor Mark Carney testifies on the consequences of and the monetary policy response to the Brexit referendum.

Crude Oil Prices Show Early Topping Signs Near 4-Month Highs

Crude oil prices recovered from intraday losses as Russia mulled joining OPEC’s output management scheme but chart positioning hints at top may be forming.

Pound Soars as Hard Brexit Fears Recede, US Dollar Aims Higher

The British Pound soared after reports that UK PM May accepted that Parliament will vote on her Brexit plan. The US Dollar may rise on September’s FOMC meeting minutes.

Crude Oil, Gold Prices May Fall on September FOMC Meeting Minutes

Crude oil and gold prices may fall as minutes from September’s FOMC meeting boost interest rate hike speculation and send the US Dollar higher.

EUR/USD Technical Analysis: Euro Selloff Gains Momentum

The Euro finally punctured support at the bottom of a consolidation range committing prices to a choppy sideways drift since late August.

NZD/USD Technical Analysis: Sellers Aim Below 0.70 Figure

The New Zealand Dollar continues to sink against its US namesake, with prices breaching the 0.71 figure to hit the lowest level in over two months.

EUR/GBP Technical Analysis: Digesting After Flash Crash Spike

The Euro has paused to digest gains after rapidly spiking to the highest level in seven years against the British Pound.

AUD/USD Technical Analysis: 2016 Trend Support at Risk

The Australian Dollar turned lower against its US counterpart as expected after putting in a bearish Evening Star candlestick pattern near the 0.77 figure.

US Dollar Broadly Higher as Bond Yields Jump After Holiday

The US Dollar traded broadly higher against the major currencies as bond yields opened sharply higher after the Columbus Day holiday, reflecting firming Fed rate hike bets.

Gold Prices May Resume Selloff After Pause, Crude Oil Gains

Gold prices may succumb to renewed selling pressure on Fed rate hike speculation. Crude oil rose as Russia signaled readiness to cooperate with OPEC but gains may be short-lived.

Is the US Dollar Losing Steam?

The US Dollar looks to minutes from September's FOMC meeting for fresh fodder to fuel rate hike speculation and power gains after an inconclusive lead from payrolls data.

British Pound Remains on the Defensive Following Flash Crash

The British Pound remained on the defensive following last week’s so-called “flash crash” as increasingly fiery Brexit-themed rhetoric rattled investors’ nerves.

Crude Oil Prices End Win Streak as Russia Balks at OPEC Deal

Crude oil prices ended a seven-day winning streak after Russia signaled it would not move to participate in an OPEC output cut deal at a meeting with the cartel this week.

Weekly Fundamental Forecast: Are Dollar, Pound, Yen Moves Signaling a Tide Change?

Top fundamental themes - risk trends, monetary policy influence, etc - have passed another week without the resolve and conviction of a true trend. But, abrupt and provocative moves from the Dollar, ...