David Song Blog | Talkmarkets | Page 1
Currency Strategist at IG Group
Contributor's Links: DailyFX

David Son has 10 years of trading experience in the FX market and has worked with DailyFX since attending college in 2007, starting with an internship. Has spoken at numerous trader expos and conferences over the years as well.

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Oil Price Approaches 2020 High Even As RSI Divergence Takes Shape
The price of oil trades to a fresh yearly high despite an unexpected rise in US crude inventories.
Euro Forecast: EUR/USD Rate Rally Eyes January High
EUR/USD extends the advance from the start of the week on the back of US Dollar weakness.
AUD/USD Rate Rally Pushes RSI Into Overbought Territory
AUD/USD appears to be on track to test the February 2018 high as it extends the series of higher highs and lows carried over from the previous week.
NZD/USD Rate Rally Emerges Ahead Of RBNZ Interest Rate Decision
NZD/USD continues to carve a series of higher highs and lows as it extends the rebound off of the 50-Day SMA.
Oil Price Forecast: Crude Technical Outlook Mired By RSI Sell Signal
The recent weakness in the price of oil appears to be a sign of exhaustion rather than a change in the broader trend.
Gold Price Forecast: Death Cross Emerges As November Low Gives Out
The price of gold takes out the November low as it extends the series of lower highs and lows from earlier this week.
USD/CAD Rate Rebound Unravels Following Test Of 50-Day SMA
USD/CAD struggles to retain the advance following the US Retail Sales report even though longer-dated Treasury yields hold above pre-pandemic levels.
EUR/USD Rate Pullback Emerges Ahead Of Account Of ECB Meeting
EUR/USD extends the pullback from the monthly high as the update to the US Retail Sales report sparks a bullish reaction in the Greenback, but the broader outlook remains constructive.
NZD/USD Rate Outlook Mired By Failure To Test January High
NZD/USD climbed to fresh monthly highs after breaking out of the descending channel formation from earlier this year.
Canadian Dollar: USD/CAD Weakness To Persist As RSI Snaps Upward Trend
USD/CAD remains under pressure after snapping the opening range for February.
Oil Price Eyes Channel Resistance As Inventories Fall For Third Week
The price of oil climbs to a fresh monthly high as US crude inventories contract for the third consecutive week.
Bullish AUD/USD Price Sequence Emerges On Break Of Monthly Open Range
AUD/USD trades to fresh monthly highs after breaking out of the opening range for February.
EUR/USD Rate Trades In Descending Channel, RSI Retains Bearish Trend
EUR/USD appears to be trading within a descending channel after snapping the January range.
Oil Price Rally Buoyed By Signs Of Stronger Demand And Subdued Supply
The price of oil extends the advance from the monthly low ($51.64) as US crude inventories contract for the second consecutive week, and key market themes may keep oil prices afloat as global production remains subdued.
Gold Price Susceptible To Bearish RSI Signal On Break Of January Range
The price of gold takes out the January low ahead of the update to the US Non-Farm Payrolls (NFP).
Oil Price Overbought RSI Signal Persists As US Inventories Contract
The price of oil extends the advance from the start of the month as US crude inventories contract for the second straight week.
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