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.



USD/CAD Strategy: Long Trade Established Above 1.30

The US Dollar extended upward to the highest level since early April against its Canadian counterpart, establishing a foothold above the 1.30 figure.

EUR/GBP Technical Analysis: Euro Drops Most in 7 Months

The Euro plunged against the British Pound, issuing the largest one-day drop in seven months and taking out April’s swing bottom.

EUR/USD Technical Analysis: Short Trade Hits First Target

The Euro turned sharply lower against the US Dollar, with prices issuing the largest one-day decline in a month and establishing a foothold below the 1.13 figure.

US Dollar May Extend Gains on Hawkish Fed Commentary

The US Dollar may continue higher after yesterday’s broad-based advance as hawkish Fed commentary continues to boost June rate hike speculation.

Gold Breaks Range Floor, Crude Oil Prices May Have Topped

Gold prices broke range support, paving the way for deeper losses, while crude oil prices may have carved out a top below the $49/barrel figure.

US Dollar Aims Higher as FOMC Minutes Fuel Rate Hike Bets

The US Dollar may extend gains after outperforming in overnight trade as minutes from April’s FOMC meeting boost imminent interest rate hike speculation.

Crude Oil Prices May Turn from 7-Month High on FOMC Minutes

Crude oil prices may reverse lower after hitting a seven-month high as minutes from April’s FOMC meeting stoke rate hike bets, triggering market-wide risk aversion.

Gold Prices May Break Familiar Range on US Inflation Data

Gold prices may decline if US CPI data boosts Fed interest rate hike speculation, undermining demand for anti-fiat and non-interest-bearing assets.

British Pound Volatility Likelier on Firm vs. Soft UK CPI Data

The British Pound seems more likely to become volatile in the event that UK CPI figures prove stronger than expected versus the alternative.

NZD/USD Technical Analysis: Reversal Confirmation Pending

The New Zealand Dollar may have carved out a double top below the 0.71 figure against its US namesake but clear-cut confirmation has proved challenging.

EUR/GBP Technical Analysis: Making Good on Candle Setup?

The Euro is slowly edgingdownward against the British Pound having seemingly marked a top with the formation of a bearish Evening Star candlestick pattern.

Crude Oil Prices Rise as Chinese Stocks Ignore Soft Economic Data

Crude oil prices rise as markets look past soft Chinese economic data. Gold prices remain confined in a familiar range as US CPI figures loom ahead.

Yen Falls, Australian Dollar Gains as Markets Shrug Off China Data

The anti-risk Japanese Yen fell while the sentiment-linked Australian Dollar outperformed as markets shrugged off soft Chinese data released over the weekend.

AUD/USD Technical Analysis: Australian Dollar Hits 11-Week Low

The Australian Dollar faces continued selling pressure, with prices dropping to the lowest level in 11 weeks against its US counterpart.

EUR/USD Technical Analysis: Euro Aims to Test 1.12 Mark

The Euro appears vulnerable to deeper losses against the US Dollar after the single currency suffered the largest two-day loss in a month.

Weekly Trading Forecast: Will FX Policy and Global Risk Come Up at G-7

The Dollar has mounted a recover and risk trends have lost traction this past week. Will these themes carry through to the week ahead, and what will the G-7 meeting elicit from speculators?

Australian Dollar Torn Between RBA Bets, Sentiment TrendsTitle

The Australian Dollar may find itself torn between the influence of RBA monetary policy expectations and market-wide risk sentiment trends in the week ahead.

Gold Prices Rise, Crude Oil Weakens as Risk Appetite Evaporates

Gold prices rose while crude oil traded lower as risk aversion swept financial markets. A disappointing round of US economic data may amplify the sentiment slump.

US Dollar May Find Support Despite Soft Economic News-Flow

The US Dollar may find support in haven-seeking flows despite dimming Fed rate hike bets if retail sales and consumer confidence data undershoots expectations.

British Pound Seems Biased Upward on BOE Inflation Report

The British Pound seems likely to rise after traders comb through the Bank of England Inflation Report for policymakers’ take on the looming “Brexit” referendum.

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