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.



EUR/USD Technical Analysis: Trend Reversal Under Way?

The Euro broke sharply lower after prolonged consolidation near the 1.12 figure against the US Dollar, hinting that a near-term trend reversal may be in the works.

AUD/USD Technical Analysis: Struggling to Hold Above 0.76

The Australian Dollarspiked to the highest level in nearly three months against its US counterpart but prices are struggling to maintain a foothold above the 0.76 figure.

Crude Oil Prices Hit One-Month Low, Gold Suffers Sharp Reversal

Crude oil prices sank to the lowest level in a month amid signs of sluggish demand while gold prices suffered a sharp reversal after a hawkish Fed policy announcement.

Pound May Fall on BOE Vote Count, Yen May Rise on US Politics

The British Pound may fall as the lone hawkish vote on the MPC backs off. The Yen may rise as US political jitters drive risk aversion across financial markets.

Australian Dollar Soars on Upbeat Jobs Report

The Australian Dollar soared against its major currency counterparts after May’s labor market data vastly outperformed economists’ expectations.

US Dollar to Rise if the Fed Keeps its Rate Hike Forecast Steady

The US Dollar is likely to rise if the Federal Reserve leaves its outlook calling for three rate hikes in 2017 unchanged despite recently soft data and swelling political risk.

Gold Prices May Fall as FOMC Leaves Rate Hike Outlook Unchanged

Gold prices may fall as the Federal Reserve continues to aim for three rate hikes in 2017 despite recently sluggish news-flow and US political turmoil.

NZD/USD Technical Analysis: Trying to Rekindle Uptrend

The New Zealand Dollar is attempting to renew upward momentum as prices fight to trigger a test of trend resistance capping gains since September 2016.

EUR/GBP Technical Analysis: Early Topping Signs Emerging

A Euro is on pace to completing a Bearish Engulfing candlestick pattern after a test of resistance below the 0.89 figure, hinting a turn lower against the British Pound may be ahead.

Crude Oil Price Bounce Fizzles, US Inventory Data Now in Focus

A crude oil price recovery fizzled as an EIA report predicted US output will hit a record high next month. All eyes now turn to inventory flow data.

British Pound May Overlook UK CPI Absent Major Disappointment

The British Pound may overlook UK CPI figures unless a major disappointment appears to open the door for Bank of England stimulus expansion.

Yen May Rise on Weaker Risk Appetite, US Dollar Falls Before FOMC

The Japanese Yen may rise as risk appetite sours across financial markets. The US Dollar is under pressure as investors look ahead to the FOMC policy announcement.

Gold Prices May Rebound as Market Sentiment Sours

Gold prices may turn higher after three days of heavy losses as risk appetite sours across financial markets. Crude oil selloff may resume as swing supply swells.

Weekly Trading Forecast: Fed Leads Docket Loaded with Event Risk

The FOMC policy announcement leads a loaded docket of top-tier event risk including rate decisions from the BOE, SNB and BOJ as well as New Zealand GDP and Australian jobs data.

US Dollar May Rise on Fed Optimism, European Political Woes

The US Dollar may extend last week’s late rally as the Federal Reserve sticks to its 2017 rate hike path aspirations while political jitters send capital fleeing from Europe.

Crude Oil Prices Eye May Low, Gold Down After Comey Testimony

Crude oil prices are eyeing the May’s swing low after the largest drop in two weeks. Gold prices fell as former FBI director James Comey testified in Congress.

Pound Drop Masks Otherwise Chipper Mood After UK Election

The British Pound swooned as the UK general election produced a “hung parliament” but investors seemed otherwise surprisingly upbeat about the outcome.

EUR/USD Technical Analysis: Euro Struggling Below 1.29

The Euro is struggling to make headway below the 1.29 figure against the US Dollar, with negative RSI divergence warning that a turn lower may be ahead.

AUD/USD Technical Analysis: 2017 Uptrend Holds Once Again

The Australian Dollarjumped to a two-month high against its US counterpart after bouncing from trend line support in place since the beginning of the year.

EUR/AUD Strategy: Aiming to Test Below 1.48 Figure

The Euro has broken three-week support against the Australian Dollar, hinting that a top may be in place near the 1.52 figure and opening the door for deeper losses.