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.



Will US Jobs Data Cement June Fed Rate Hike Chances?

The US Dollar will face a critical test of its new-found strength in the week ahead as pivotal economic data crosses the wires.

Yen Falls as Stocks Rise, Canadian Dollar Tracks Crude Oil Lower

The Japanese Yen fell as stocks advanced, denting demand for the anti-risk currency, while the Canadian Dollar followed crude oil prices downward.

Crude Oil Prices May Fall in Pre-Positioning for OPEC Meeting

Crude oil prices may begin to make good on bearish technical cues amid pre-positioning for an OPEC meeting unlikely to bring agreement on an output freeze.

NZD/USD Technical Analysis: 3-Week Range Floor Broken

The New Zealand Dollar pushed through long-standing range support above the 0.67 figure against its US namesake, hinting at deeper losses ahead.

Weekly Trading Forecast: NFPs, ECB and Aussie GDP to Combat Expected Slow Start

The week ahead is expected to launch with a slow start with US and UK holiday’s curbing speculative ambitions. However, a long list of critical event risk will likely break that spell quickly.

Aussie Dollar Selling May Continue as RBA vs. Fed Outlooks Diverge

The Australian Dollar looks vulnerable to continued losses as the Fed versus RBA monetary policy divergence continues to appear increasingly more pronounced.

Crude Oil and Gold Prices May Fall on US GDP, Yellen Comments

Crude oil and gold prices may decline as upgraded first-quarter US GDP figures and hawkish comments from Fed Chair Yellen fuel FOMC rate hike speculation.

US Dollar Gains as G7 Communique Bolsters Fed Rate Hike Bets

The US Dollar rose after a moderately-worded G7 draft communiqué appeared to pave the way for a near-term interest rate hike from the Federal Reserve.

British Pound May Overlook UK GDP Data as US Dollar Rally Resumes

The British Pound may overlook revised UK GDP data as Brexit speculation preoccupies investors. The US Dollar rally may resume as Fed rate hike bets swell anew.

Gold Prices May Extend Loss Streak on US Durables Data, Fed-Speak

Gold prices may extend a six-day losing streak as upbeat US durable goods orders data and hawkish Fed commentary boost imminent rate hike speculation.

AUD/USD Technical Analysis: Down Move Below 0.71 Expected

The Australian Dollar looks poised for deeper losses after prices established a foothold below the 0.72 figure against its US counterpart.

EUR/USD Technical Analysis: Aiming Below 1.11 Figure

The Euro resumed its decline against the US Dollar following a brief digestion period, with the exchange rate now aiming to test below the 1.11 figure.

EUR/GBP Technical Analysis: Euro Sinks to 4-Month Low

The Euro resumed its decline against the British Pound after a brief corrective recovery, plunging to the lowest level in nearly four months.

Crude Oil Prices Aim Above $50, Gold Breaks 3-Month Support

Crude oil prices are poised to test above the $50/barrel figure while gold has broken three-month support, hinting the long-term down trend may be resuming.

NZD/USD Technical Analysis: Short Trade Confirmation Sought

The New Zealand Dollar is attempting to break below range support above the 0.67 figure against its US counterpart after re-testing a recently broken trend line.

AUD/USD Technical Analysis: Trying to Lay Path Below 0.71

The Australian Dollar is under pressure once again after brief consolidative period, with prices attempting to pave the way for a move below the 0.71 figure.

Gold Prices on Pace for Longest Loss Streak in 6 Months

Gold prices are on pace for the longest streak in six months as firming Fed rate hike speculation undermines demand for anti-fiat assets and boosts the US Dollar.

British Pound May Rise as BOE Officials Defend Brexit Outlook

The British Pound may rise as Bank of England officials defend their assessment of near-term Brexit implications published in the latest quarterly Inflation Report.

Crude Oil Prices May Be Topping, Gold Momentum Ebbing

Crude oil prices may be topping near the $49/barrel figure while gold price momentum is slowing even as downward drift continues. Eurozone PMI data and Fed commentary are in focus ahead.

Has the US Dollar Uptrend Finally Resumed?

The US Dollar may continue to recover as Fed rate hike bets rebuild. Brexit fears will see investors glued to polling results. The Bank of Canada rate decision headlines scheduled event risk.

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