Ilya Spivak

Sr. 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.



Yen Soars Amid US Political Instability Concerns

The anti-risk Japanese Yen soared as investors’ mood soured across financial markets amid deepening concern about political instability in the United States.

Gold Prices Struggle to Make Headway After Hitting 2-Week High

Gold prices struggled to make headway after touching the highest level in two weeks. Crude oil prices continue to rise after Russia and Saudi Arabia backed extending a supply cut scheme.

Pound May Be More Sensitive to Soft vs. Firm UK CPI Data

The British Pound may be more sensitive to soft versus upbeat UK inflation data. The Euro may overlook German ZEW and Eurozone GDP figures.

Crude Oil Prices Surge on Hopes for Output Cut Extension

Crude oil prices surge after Saudi Arabia and Russia voice support for extending OPEC-led production cut scheme due to expire mid-year through the first quarter of 2018.

Japanese Yen Down as Markets Start Week in Upbeat Mood

The Japanese Yen fell as market sentiment firmed at the start of the trading week, sapping demand for the anti-risk currency. More of the same is hinted ahead.

Weekly Trading Forecast: G7, German Vote, US Politics in Focus

The outcomes of a G7 meeting and a key German state election as well as worries about the direction of US politics are in focus in the week ahead.

US Dollar May Drop as Souring Risk Appetite Hurts Fed Outlook

The US Dollar proved itself more responsive to negative versus positive news-flow last week. This may translate into losses if market-wide sentiment unravels.

EUR/JPY Strategy: Double Top May Be in the Works

The Euro stalled at familiar resistance near 124.00 against the Japanese Yen having retraced all of the losses sustained since the beginning of the year.

AUD/USD Technical Analysis: Upswing Hinted Ahead

The Australian Dollarput in a bullish Morning Star candlestick pattern at channel support, hinting a move higher against its US namesake is ahead.

NZD/USD Technical Analysis: New Low Set for 2017

The New Zealand Dollar is digesting losses after breaking key support and sinking to the lowest level yet in 2017 against its US counterpart.

Yen May Extend Gains as Market Sentiment Sours

The Japanese Yen rose as risk appetite faltered in Asian trade. Stock index futures hint at more of the same into the final hours of the trading week.

Gold Prices Snap Losing Streak, May Extend Gains on Risk Aversion

Gold prices snapped the longest losing streak in seven months as souring sentiment weighed on bond yields. More of the same may be in the cards ahead.

Crude Oil Prices May Extend Gains as OPEC Talks Up Cuts

Crude oil prices may extend gains having rallied on the back of a large drop in US inventories as OPEC talks up its production cut effort and hints at more of the same ahead.

Pound May Fall as Bank of England Disappoints Hawkish Inklings

The British Pound may fall as the Bank of England maintains a firmly dovish posture, beating back a recent upshift in investors’ expected rate hike timeline.

NZ Dollar Falls as RBNZ Keeps Dovish Stance Despite Upbeat Data

The New Zealand Dollar plunged to a new 2017 low after the RBNZ opted for a dovish policy stance despite recent improvements in top-tier economic data.

Euro Eyes Draghi Speech, Yen May Rise as EU Talks Brexit Strategy

The Euro is looking to a speech from ECB President Mario Draghi for direction. Fighting words from EU ambassadors discussing Brexit strategy may boost the Yen.

Gold Prices Edge Down as US Dollar, Treasury Bond Yields Rise

Gold prices edged lower as the US Dollar rose alongside Treasury bond yields. The selloff conspicuously fell short of breaching chart support however.

EUR/USD Technical Analysis: Rejected at 12-Month Trend Line

The Euro recoiled from twelve-month down trend resistance against the US Dollar, validating earlier signs of ebbing upside momentum.

EUR/GBP Technical Analysis: Down Trend Back in Play?

The Euro broke below support guiding it higher against the British Pound for three weeks, hinting that the down trend started in mid-March may be resuming.

Yen in Focus as Sentiment Trends Drive Currency Market Action

Japanese Yen price action may dominate the spotlight as a thin offering on the economic data front puts market-wide sentiment trends in the driver’s seat.