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.



Weekly Trading Forecast: Fed, ECB, BOE Meetings Promise Fireworks

Financial markets look set for fireworks as the Federal Reserve, the European Central Bank and the Bank of England deliver monetary policy announcements in the week ahead.

US Dollar May Rise as Fed Rate Hike Outlook Tops Market Baseline

The US Dollar may rise as the Federal Reserve projects a more aggressive 2018 interest rate hike outlook than what is already priced into financial markets.

Gold Prices May Fall Further on US Wage Growth Pickup

Gold prices may continue to decline after hitting the lowest level in nearly five months as a pickup in US wage growth stokes bets on a steeper 2018 Fed rate hike path.

Pound Soars on Brexit Deal Hopes, US Dollar May Rise on Wages Data

The British Pound traded broadly higher as UK Prime Minister May headed to Brussels with what may be a Brexit breakthrough. The US Dollar may rise as wage inflation accelerates.

AUD/USD Technical Analysis: Aiming to Probe Below 0.75 Figure

The Australian Dollar has dropped to the lowest level in six months against its US counterpart, with a break of chart support hinting at a move below 0.75 ahead.

Gold Prices Drop as Markets Shift Up Fed Rate Hike Timeline

Gold prices fell as markets appeared to shift up the expected timeline for next year’s Fed rate hike cycle. Crude oil prices plunged, spooked by a large build in refined product inventories.

Euro May Shrug Off GDP Revision, Focus on SPD Convention Outcome

The Euro may shrug off an updated set of third-quarter GDP figures to focus on a convention held by Germany’s SPD as it mulls another coalition with Angela Merkel.

EUR/GBP Technical Analysis: Looking for Opportunities to Sell

The Euro has settled into a narrow consolidation range below the 0.89 figure against the British Pound but overall positioning seems to favor the downside.

Crude Oil Prices Eye EIA Inventory Data, Gold Breaks Range Floor

Crude oil prices are looking to weekly EIA inventory flow statistics for direction cues. Gold prices have narrowly broken long-standing range floor support.

Yen Aims Higher as Risk Appetite Sours Across Financial Markets

The Yen rose as sentiment soured in Asia Pacific trade, offering a familiar boost to the standby anti-risk currency. Stock index futures hint at more of the same ahead.

EUR/USD Technical Analysis: Move Back Below 1.18 Hinted Ahead

The Euro broke support guiding prices higher over the past month, hinting the down trend started against the US Dollar in September may be resuming.

Gold Price Drop May Resume as Risk Appetite Firms Anew

Gold prices may face renewed selling pressure after a brief pause as market-wide risk appetite swells anew but fickle markets might change course yet.

Aussie and NZ Dollars Rise, Yen Drops as Risk Appetite Recovers

Currency markets reflected improved risk appetite in Asia Pacific trade even as regional shares echoed a disappointing day on Wall Street. More of the same looks likely ahead.

Crude Oil Prices Eyeing November High After Post-OPEC Bounce

Crude oil prices are taking aim at November’s peak once again having found fuel for a belated bounce after OPEC and its allies extended an output cut scheme through 2018.

British Pound Aims to Extend Gains, US Dollar May Stumble

The British Pound and the US Dollar scored gains in Asia Pacific trade but the former currency looks to be more secure in its near-term uptrend than the latter.

NZD/USD Technical Analysis: Dominant Trend Still Points Lower

The dominant New Zealand Dollar trend continues to favor the downside against its US counterpart despite an apparent deceleration in the pace of decline.

Weekly Forecast: US Political Headlines, Brexit Negotiation and Rate Decisions Ahead

Volatility has started to churn this past week and the course looks just as tumultuous ahead. From political headlines for US equities to Brexit negotiations.

US Dollar Outlook Darkens as Mueller Probe Gathers Steam

The US Dollar looks vulnerable despite progress toward tax cut legislation as Special Counsel Mueller brings down Michael Flynn, striking at the heart of “team Trump”.

Gold Price Outlook Hinges on Senate Tax Plan Vote

Gold prices are at the mercy of a US Senate vote on controversial tax cut legislation. Crude oil prices are struggling despite an extension of OPEC-led production cuts.

US Dollar at the Mercy of Senate Tax Cut Vote Outcome

The US Dollar is at the mercy of a vote on tax cut reform in the US Senate. Buyers hope for cuts that boost inflation and force the Fed into a steeper rate hike cycle.