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.



Crude Oil Price Recovery May Fizzle on Hawkish FOMC

Crude oil prices may turn lower anew after recovering in the wake of supportive API inventory figures as a hawkish FOMC boosts the US Dollar.

Yen Falls as BOJ Updates Policy, Fed Rate Decision Now in Focus

The Japanese Yen fell as the Bank of Japan introduced yield curve targeting into its arsenal of stimulus measures. The FOMC policy announcement is in focus ahead.

EUR/GBP Technical Analysis: Forming Major Topping Pattern?

The Euro put in a Shooting Star candlestick on a test of resistance near the 0.86 figure against the British Pound, hinting a turn lower may be ahead.

Currency Markets Brace for Impact Ahead of FOMC Meeting Outcome

Currency markets are locked in quiet consolidation, with traders seemingly unwilling to commit to a directional bias ahead of the FOMC monetary policy announcement.

AUD/USD Technical Analysis: Key Trend Line Held for Now

The Australian Dollar is attempting to build higher against its US counterpart after finding support at a rising trend line set from late January.

NZD/USD Technical Analysis: Stalling at Trend Line Support

The New Zealand Dollar declined against its US namesake as expected after the pair put in a Bearish Engulfing candlestick pattern.

Gold, Crude Oil Prices Stall as FOMC Rate Decision Looms

Gold and crude oil prices have stalled at familiar technical barriers as traders withhold directional conviction ahead of the upcoming FOMC policy announcement.

All Eyes on FOMC, BOJ Rate Decisions

The US Dollar may rise as hawkish Fed rheotric sets the stage for a December rate hike. The Yen may gain amid growing skepticism about the potency of BOJ policy.

US Dollar Falls Amid Pre-Positioning Before FOMC Rate Decision

The US Dollar turned broadly lower having surged Friday following firm inflation data amid pre-positioning for this week’s much-anticipated FOMC policy announcement.

Crude Oil Trims Dollar-Linked Losses on Libya Supply Jitters

Crude oil prices trimmed losses driven in large part by a stronger US Dollar amid reports that violence at a port scuttled the resumption of exports from Libya.

Weekly Trading Forecast: Fed and BoJ Rate Decisions, Brexit Fears Carry More than Currency Risks

Event risk over the coming week will no doubt present a high level of volatility risk for key FX players. But, beyond the currency reactions, we will be tapping into themes essential to financial con...

Australian Dollar May Fall Further on Hawkish FOMC Guidance

The sentiment- and yields-sensitive Australian Dollar may fall for a third consecutive week if the FOMC delivers a hawkish monetary policy.

US Dollar at Risk as Inflation Data Sets Stage for FOMC Meeting

The US Dollar may weaken if Augusts’ CPI data extends a recent string of disappointing news-flow, denting Fed rate hike bets ahead of next week’s FOMC meeting.

EUR/GBP Technical Analysis: Rebound Looks to be Corrective

The Euro has stalled after testing support-turned-resistance at a rising trend line that guided prices higher against the British Pound since late June.

EUR/USD Technical Analysis: Euro Still Locked in Narrow Range

The Euro is locked in a narrow range above the 1.12 figure against the US Dollar having rebounded as expected after putting in a bullish Morning Star candlestick pattern.

Gold, Crude Oil Prices Look to US Retail Sales to Shape Fed Bets

Gold and crude oil prices are looking to US retail sales data to shape Fed rate hike speculation after a two-day lull in formative news flow.

Currencies May Move More on US Retail Sales Data vs. BOE, SNB

Currency markets are likely to find a stronger directional lead in US Retail Sales data versus monetary policy announcements from the BOE and the SNB.

Yen May Rise Amid BOJ Discord, Driving GBP/JPY Lower

The Japanese Yen may validate technical cues calling for a move higher against the British Pound as currency markets lose faith in the potency of BOJ stimulus efforts.

NZD/USD Technical Analysis: 3-Month Trend Support at Risk

The New Zealand Dollar declined against its US counterpart after the formation of a Bearish Engulfing candlestick pattern, as expected.

British Pound Unlikely to Heed UK Jobless Claims Data

The British Pound is likely to overlook the release of UK jobless claims data considering the outcome’s limited impact on near-term BOE policy trends.

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