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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Gold Price Outlook Hinges On Fed Rate Decision & Forward Guidance
The Federal Reserve interest rate decision on tap for Wednesday, Sept. 22 is likely to sway the near-term outlook for the price of gold, as the central bank appears to be on track to scale back monetary support.
USD/JPY Eyes Monthly High Ahead Of FOMC Meeting Amid Rise In US Yields
USD/JPY extends the rebound from the weekly low (109.11) as the stronger-than-expected US Retail Sales report fuels speculation for an imminent shift in monetary policy.
AUD/USD Outlook Mired By Deviating Paths Between RBA & FOMC
AUD/USD extends the decline following the larger-than-expected contraction in Australia employment as fresh data prints coming out of the US fuel speculation for an imminent shift in monetary policy.
Gold Price Reversal From July High Unfolds During Fed Blackout Period
The price of gold appears to have reversed course following the failed attempt to July high ($1834).
Oil Price Breaks Out Of Descending Channel To Approach August High
The price of oil climbs to a fresh monthly high ($73.14) following a larger-than-expected contraction in US inventories, with crude breaking out of a descending channel as fresh data prints point to limited supply.
EUR/USD Snaps Monthly Opening Range After Failing To Clear July High
EUR/USD extends the rebound from a fresh monthly low (1.1770) amid the larger-than-expected slowdown in the US Consumer Price Index, but recent price action casts a bearish outlook for the exchange rate as it snaps the opening range for September.
AUD/USD Rate To Face Contraction In Australia Employment
The IG Client Sentiment Report shows 51.12% of traders are currently net-long AUD/USD, with the ratio of traders long to short standing at 1.05 to 1.
US Dollar Outlook Hinges On Inflation Report Amid Fed Blackout Period
The update to the US Consumer Price Index (CPI) is likely to sway the US dollar during the Federal Reserve’s blackout period as the central bank braces for a transitory rise in inflation.
NZD/USD To Threaten Monthly Opening Range Ahead Of NZ GDP Report
NZD/USD appears to be on track to test the monthly high (0.7170) as it trades back above the 200-Day SMA (0.7115).
Oil Price Trades In Monthly Opening Range As Ida Hits US Crude Data
The price of oil appears to be stuck within the opening range for September amid mixed data prints coming out of the US economy.
Gold Price Reverses Ahead Of July High To Trade Back Below 200-Day SMA
The price of gold continues to bounce back from a fresh monthly low as it snaps the series of lower highs and lows from the start of the week.
EUR/USD Extends Decline To Test 50-Day SMA Ahead Of ECB Rate Decision
EUR/USD tests the 50-Day SMA (1.1802) as it extends the decline from earlier this week, and the European Central Bank meeting may do little to shore up the euro as the Governing Council appears to be on track to retain the current policy.
NZD/USD Rally Spurs Test Of 200-Day SMA Ahead Of US NFP Report
NZD/USD takes out the July high as it stages a five-day rally.
AUD/USD Breaks Out Of Descending Channel To Trade Above 50-Day SMA
The IG Client Sentiment Report shows 47.18% of traders are currently net-long AUD/USD, with the ratio of traders short to long standing at 1.12 to 1.
Oil Price Rebound Emerges As OPEC Keeps Crude Production Steady
The price of oil attempts to retrace the decline from the start of the week amid a larger-than-expected decline in US inventories.
EUR/USD Stages Four Day Rally As ECB Adopts Hawkish Tone Ahead Of NFP
The IG Client Sentiment Report shows 49.17% of traders are currently net-long EUR/USD, with the ratio of traders short to long-standing at 1.03 to 1.
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