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.



Yen May Rebound as G20 Finance Ministers Gather in Germany

The Japanese Yen may rebound amid risk aversion if US Treasury Secretary Mnuchin echoes President Trump’s combative rhetoric at a G20 meeting in Germany.

Gold Prices May Edge Down as Markets Digest FOMC Rate Decision

Gold prices may turn lower as financial markets continue to digest volatility triggered in the aftermath of the Federal Reserve monetary policy announcement.

AUD/USD Technical Analysis: Sharp Gains Seem Corrective

The Australian Dollarposted the largest daily gain in nine months as its US counterpart slumped following the FOMC monetary policy announcement (as expected).

EUR/USD Technical Analysis: Eyeing Ten-Month Trend Resistance

The Euro soared against the US Dollar following the FOMC monetary policy announcement (as expected), rising to the highest level in five weeks.

Crude Oil Price Gains Timid Despite Supportive News-Flow

Crude oil prices limped cautiously higher but gains seemed surprisingly timid considering the steady stream of supportive news flow, hinting at significant underlying weakness.

Pound, Franc Fireworks Unlikely on BOE and SNB Rate Decisions

The British Pound and the Swiss Franc are unlikely to find meaningful volatility in status-quo BOE and SNB monetary policy announcements.

US Dollar May Fall as Fed Offers Little Beyond Expected Rate Hike

The US Dollar may decline as the Fed offers little besides a widely expected and almost certainly priced in rate hike to feed hawkish speculation.

Gold Prices May Rise as Fed Clings to Status Quo After Rate Hike

Gold prices may rise as Federal Reserve officials opts not to advance the case for steeper tightening following a widely expected interest rate hike.

Trading with IG Client Sentiment Data

With the IG Client Sentiment indicator we have a virtually-unparalleled view of trader emotion across key markets. Here's how we might use it in trading.

Crude Oil Selloff May Resume on OPEC Report, API Data

Crude oil prices are digesting after last week’s blistering selloff but API inventory flow data and OPEC’s monthly report may reinvigorate sellers.

US Dollar Gains as FOMC Nears, Pound Drops on Brexit Fears

The US Dollar rose as an expected Fed rate hike drew closer while the British Pound sank as the UK government prepared to trigger Brexit even as Scotland balked.

Gold Prices Narrowly Avoid Breakdown as Fed Rate Hike Bets Swell

Gold prices narrowly avoided outright breakdown amid the return of the “Trump trade” but sellers appear poised as March Fed rate hike probabilities swell.

EUR/USD Technical Analysis: Struggling to Extend Down Move

Euro sellers have struggled to maintain downward momentum since the single currency found support below the 1.06 figure against the US Dollar two weeks ago.

EUR/GBP Technical Analysis: Euro Clears Channel Resistance

The Euro broke above resistance capping gains versus the British Pound for nearly a month, hinting the near-term bias may have shifted in favor of the upside.

Crude Oil Prices May Struggle to Rise as Inventories Swell

Crude oil prices rose in risk-on trade following a much-anticipated speech from US President Trump but gains may be capped as EIA data points to swelling inventories.

US Dollar Gains, Yen Falls as Trump Trade Finds New Life

The US Dollar traded rose while the anti-risk Japanese Yen declined as a much-anticipated speech from the US President breathed new life into the so-called “Trump trade”.

US Dollar, Major Currencies Brace for Volatility as Trump Speaks

The US Dollar and its G10 FX counterparts are bracing for fireworks as US President Trump delivers a much-anticipated speech amid hopes for concrete fiscal policy details.

Gold Prices Recoil From 15-Week High as Trump Speech Looms Ahead

Gold prices turned sharply lower having touched the highest level since mid-November amid pre-positioning for a much-anticipated speech from US President Donald Trump.

US Dollar May Look Past Data, Fed-Speak as Trump Speech Looms

The US Dollar may overlook data on durable goods orders and home sales as well as Fed commentary, with markets fully focused on an upcoming speech from President Trump.

Crude Oil Prices Torn Between Conflicting Supply Trends

Crude oil prices have stalled anew as traders weigh conflicting supply trends, with OPEC production cuts applying upside pressure even as swing output booms.