Ilya Spivak

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.



Gold Prices Seesaw as Fed Outlook Competes with Risk Trends

Gold prices fell to a two-month low after US jobs data that stoked Fed rate hike bets only to rebound as risk appetite soured, ending an 8-day win streak for the S&P 500.

Weekly Trading Forecast: Politics Menace Markets Yet Again

Markets might've focused on Fed policy as FOMC meeting minutes and US CPI data hit the wires but testy NAFTA talks, a shaky Iran nuclear deal and chaotic Brexit fears haunt investors.

US Dollar Aims to Extend Advance But Politics Threaten Progress

The US Dollar aims to build on recent gains as rising inflation feeds Fed rate hike speculation but politics threaten to spoil the markets’ mood once more.

Crude Oil Prices Retake $50 Level, Gold May Fall on US Jobs Data

Crude oil prices managed to reclaim a foothold above the $50/barrel figure. Gold prices may suffer deeper losses as US jobs data stokes Fed rate hike speculation.

US Dollar May Extend Advance After Key Employment Data

The US Dollar returned to the offensive in Asia Pacific trade and may continue to build higher as September’s jobs report bolsters Fed rate hike prospects.

EUR/USD Technical Analysis: Euro Down Trend Remains Intact

The Euro paused to digest losses having dropped to a two-month low against the US Dollar but overall positioning warns that further weakness may be ahead.

Gold Prices May Stall Ahead of US Jobs Data, Crude Oil Aims Lower

Gold prices may struggle to make headway as US jobs data looms ahead. Crude oil price positioning seems to suggest deeper losses are in the cards.

Euro May Fall as ECB Minutes Cool QE Taper Speculation

The Euro may decline as minutes from September’s ECB policy meeting pour cold water on speculation that the central bank will soon unwind its QE asset purchase program.

GBP/JPY Strategy: Pound Sets Up Topping Pattern vs Japanese Yen

The British Pound looks to have carved out a bearish Head and Shoulders chart formation after finding resistance below the 153.00 figure against the Japanese Yen.

AUD/USD Technical Analysis: Bias Still Bearish at Key Support

The Australian Dollar is attempting to a recover against its US counterpart after testing range floor support limiting downside momentum since mid-July.

US Dollar May Resume Advance Unless Politics Spoil Risk Appetite

The US Dollar will attempt to resume its month-long advance following a brief pullback but worries about political instability in Washington DC may spoil the party.

Crude Oil Prices Aim Below $48, Gold Rebound May Soon Fizzle

Crude oil prices look poised to test below the $48/barrel on the WTI benchmark after breaking another layer of chart support. A nascent gold recovery looks unlikely to be lasting.

US Dollar Hits 1-Month High as Aussie and NZ Dollars, Yen Suffer

The US Dollar continued to rise amid swelling Fed rate hike bets, with rates-sensitive commodity bloc currencies and the Japanese Yen bearing the brunt of selling pressure.

Gold Prices Extend Drop, Crude Oil Breaks 1-Month Uptrend

Gold prices continued to fall as swelling Fed rate hike bets drove the US Dollar upward. Crude oil prices fell as Fitch predicated a long-term ceiling at $60/barrel.

British Pound, US Dollar May Rise on Upbeat Manufacturing Data

The British Pound may rebound while the US Dollar extends gains if incoming manufacturing survey data tops consensus forecasts, stoking BOE and Fed interest rate hike speculation.

Crude Oil Prices Perched at Chart Support, Gold Eyes ISM Data

Crude oil prices are perched at chart support, waiting for a fresh lead even as a lull in news-flow boosts headline sensitivity. Gold prices look to US ISM data for direction.

EUR/GBP Technical Analysis: Euro Recovery in the Cards?

The Euro is digesting losses having fallen to the lowest level in over two months against the British Pound, with positive RSI divergence hinting a rebound may be ahead.

What Does the Fourth Quarter Hold for the Dollar, Equities, Oil and Other Key Markets?

The third quarter has drawn to a close with remarkable levels of inactivity despite an abundance of trends from key benchmarks.

Stock Index Forecast: The Trend is Your Friend Until It Isn’t

Global stock market indexes appear to be well-supported and poised to finish the fourth quarter higher than they started it, but fundamental and technical considerations call for caution.

NZD/USD Technical Analysis: Down Trend Back in Play?

The New Zealand Dollar broke guiding price higher over the past month, hinting that the medium-term down trend started in late July may be resuming.