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: Euro Rallies Most in 2 Weeks

The Euro bounced sharply higher after falling to the weakest level in a month, posting the biggest daily gain in two weeks against the US Dollar.

AUD/USD Technical Analysis: Topping Below 0.78 Figure?

The Australian Dollarvaulted to a three-month high against its US cousin but negative RSI divergence hints ebbing upside momentum may precede a downturn.

NZD/USD Technical Analysis: Downward Bias Favored

The New Zealand Dollar paused to digest losses after hitting a monthly low against its US counterpart but chart positioning continues to favor a bearish outlook.

US Dollar May Rebound if G20 Meeting Ends Without Incident

The US Dollar may recover if the second day of a G20 finance ministers’ summit passes without major incident, shifting the spotlight back to Fed rate hike speculation.

Crude Oil Prices Torn Between Supply Trends, US Dollar Influence

Crude oil prices are turn between the impact of increasingly adverse-looking supply trends and the supportive influence of a weakening US Dollar.

Gold Prices Rise as Geopolitics Weigh on Market Mood

Gold prices rose as traders retreated from bets on a more hawkish Fed, seemingly spooked by geopolitics as the Trump administration debuts at a G20 gathering in Germany.

Yen Gains, US Dollar Falls as Jittery Markets Eye G20 Meeting

The Japanese Yen rose as risk appetite soured across financial markets. The US Dollar strangely fell alongside Treasury bond yields even as Fed rate hike bets swelled.

US Dollar Aims to Extend Rebound, Pound May Overlook Jobs Data

The US Dollar may find fuel for further gains in hawkish comments from Fed Chair Yellen. The British Pound may mostly overlook UK labor-market data.

Crude Oil Prices at Risk as US Dollar Rebounds, Inventories Swell

Crude oil prices may decline as Fed rate hike bets boost the US Dollar while swelling inventories undermine support from OPEC’s production cut effort.

US Dollar Rally May Resume as Fed Chair Yellen Speaks

The US Dollar may continue to recover having hit a monthly high before a pullback in Asian trade as Fed Chair Yellen rekindles rate hike speculation.

Gold Prices Drop as Fed Rate Hike Bets Firm Before Yellen Speech

Gold prices dropped as the US Dollar rose and the expected Fed rate hike path steepened ahead of much-anticipated testimony from Chair Janet Yellen.

EUR/GBP Technical Analysis: Aiming Below 0.84 Figure

The Euro managed to break below January’s swing bottom against the British Pound, hinting that sellers are preparing to test the water below the 0.84 figure.

Yen May Continue to Fall as Market Sentiment Brightens

The Japanese Yen underperformed to start the trading week as hopes for an on-coming US tax cut cheered investors. More of the same seems likely ahead.

Crude Oil Prices Rise as IEA Lauds OPEC Output Cut Compliance

Crude oil prices rose for a third consecutive day after an IEA report praised OPEC for “record compliance” with an output cut deal struck late last year.

EUR/USD Technical Analysis: Aiming to Test Below 1.06 Figure

The Euro looks vulnerable to deeper losses after dropping to the lowest level in a month against the US Dollar, with prices seemingly poised to test below the 1.06 figure.

Tax and Trade Promises Won’t Carry Last Week’s Dollar, Equities Trend

Though the event risk this past week was varied, the effective fundamental motivation was once again derived from trade and competitive policies.

Euro May Fall as Monetary Policy Trends Come Back in Focus

The Euro may fall as underlying monetary policy trends reassert themselves, highlighting the contrast between a dovish ECB and most of its G10 FX counterparts.

NZD/USD Technical Analysis: Kiwi Nearing Three-Week Low

The New Zealand Dollar turned downward against its US cousin as expected retesting trend line support-turned-resistance set from January 2016.

EUR/GBP Technical Analysis: Back at Familiar Range Floor

The Euro is struggling to build downside momentum after seemingly resuming its longer-term bearish trend against the British Pound in late January.

AUD/USD Technical Analysis: Marking Time Near 3-Month High

The Australian Dollaris locked in a narrow range, digesting gains after jumping to the highest level in three months against its US counterpart.