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.



Aussie Dollar Vulnerable to Deeper Losses as Fed Outlook Firms

The Australian Dollar may face continued selling pressure as firming Fed interest rate hike bets undermine yield- and sentiment-based support for the currency.

AUD/USD Technical Analysis: Bearish Setup Hints Top in Place

The Australian Dollar may have established a significant top against its US namesake after prices seemingly completed a bearish Head and Shoulders pattern.

Gold Prices Drop to 4-Month Low as US Jobs Data Looms Ahead

Gold prices sank to a four-month low amid firming Fed interest rate hike speculation ahead of the release of September’s US Employment report.

British Pound Swoons, US Dollar May Extend Gains on Jobs Data

The British Pound sank as harsh Brexit-related rhetoric sparked cascading selling amid thin liquidity. The US Dollar may rise as jobs data boosts Fed rate hike bets.

EUR/USD Technical Analysis: Euro Sinks to Range Floor

The Euro has dropped back to support at the bottom of a range carved out after the currency topped below the 1.14 figure against the US Dollar, as expected.

EUR/GBP Technical Analysis: Bearish Reversal Hints Return

The Euro is showing early signs of topping once again after rising to the highest level in five years against the British Pound.

AUD/USD Technical Analysis: Topping Pattern Taking Shape?

The Australian Dollar is struggling to find follow-through against its US counterpart having signaled reversal with the formation of a bearish Evening Star candlestick pattern.

Currency Markets May Stall as Investors Brace for US Jobs Data

Currency markets may stall amid a lull in high-profile event risk as Friday’s US jobs data looms ahead but Deutsche Bank remains an important source of headline risk.

Crude Oil Prices Mark Longest Winning Streak in Two Months

Crude oil prices rose for a sixth consecutive day, marking the longest winning streak in two months. A consolidative lull may be ahead as markets look on to US jobs data.

British Pound May Have Bottomed vs. Japanese Yen

The British Pound seems to have confirmed early signs of bottoming against the Japanese Yen and final profit has been booked on a short trade from 135.56.

NZD/USD Technical Analysis: Kiwi Drops to 2-Month Low

The New Zealand Dollar has dropped to the lowest level in almost two months against its US counterpart after prices cleared trend support set from late May.

Pound Drops on Hard Brexit Fears, US Dollar May Rise on Fed Bets

The British Pound fell amid fears that the UK may sacrifice EU single market access after Brexit. The US Dollar may rise as Fed rate hike bets continue to swell.

Pound Drops on Hard Brexit Fears, US Dollar May Rise on Fed Bets

The British Pound fell amid fears that the UK may sacrifice EU single market access after Brexit. The US Dollar may rise as Fed rate hike bets continue to swell.

Gold Prices May Continue to Sink After Largest Drop in 15 Months

Gold prices may continue to drop after suffering the largest loss in 15 months as Federal Reserve interest rate hike speculation continues to heat up.

Pound Drops as Brexit Timeline Emerges, US Dollar Eyes ISM Data

The British Pound fell after UK Prime Minister May pledged to begin formal Brexit talks by the end of March 2017. The US Dollar looks to ISM survey data to inform Fed policy bets.

Gold Prices Fall, Crude Oil Gains Amid Easing Deutsche Bank Fears

Gold prices fell while crude oil traded higher alongside equity markets as reports that Deutsche Bank and US regulators may be nearing settlement stoked risk appetite.

Fundamental and Technical 4Q Outlook: Will Markets Transition from Quiet to Active?

We have closed out one of the most subdued quarters of trading in recent memory. However, the congestion isn't likely to last for much longer as fundamental pressure taxes the closing technical bound...

Gold at Risk on Fed Outlook But Bank Crisis May Interfere

At first blush, the landscape looks treacherous for gold prices in the fourth quarter. Federal Reserve Chair Janet Yellen all but promised an interest rate hike at the press conference following Sept...

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

The Euro has struggled to build lasting downside momentum after topping below the 1.14 figure as expected having formed a Harami candlestick pattern.

US Dollar to Join Yen Rally as Deutsche Bank Sours Sentiment

The US Dollar is set to join the Japanese Yen on the upside as insolvency fears plaguing Deutsche Bank heat up, triggering market-wide risk aversion.

Free Demo Account Free Trading Guides
Real Time News Open FXCM Account
Trading Signals Live Trading Room