David Song | TalkMarkets | Page 3
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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AUD/USD Rate Rebound Vulnerable To Hawkish Fed Rate Hike
AUD/USD has failed to defend the July low (0.6681) as it trades to a fresh yearly low (0.6670) in September, and the Federal Reserve interest rate decision may keep the exchange rate under pressure.
Crude Oil Price Reverses Ahead Of 50-Day SMA To Eye Monthly Low
The price of oil is under pressure after failing to test the monthly high ($90.39), and crude may track the negative slope in the 50-Day SMA ($91.92) as it reverses course ahead of the moving average.
USD/JPY Forecast: Failure To Clear Monthly High Keeps Range Intact
USD/JPY may consolidate ahead of the Federal Reserve meeting amid the failed attempt clear the monthly high (144.99).
Gold Price Rebound Fizzles Ahead Of 50-Day SMA
The price of gold may continue to track the negative slope in the 50-Day SMA ($1740) as it reverses ahead of the moving average.
EUR/USD Rebound Unravels Amid Failure To Hold Above 50-Day SMA
EUR/USD may continue to give back the rebound from the yearly low (0.9864) as the exchange rate appears to be tracking the negative slope in the 50-Day SMA (1.0107).
USD/CAD Rate To Eye August Low On Failure To Hold Above 50-Day SMA
USD/CAD may continue to give back the advance from the August low (1.2728) if the exchange rate fails to hold above the 50-Day SMA (1.2954).
Crude Oil Price Outlook Mired By Failure To Defend August Low
As it carves a fresh series of lower highs and lows, crude may attempt to test the January low.
Gold Price Defends Yearly Low To Keep RSI Out Of Oversold Territory
The price of gold appears to be stuck in a narrow range following the failed attempt to test the yearly low.
AUD/USD Rate Eyes Yearly Low Ahead Of Australia GDP Report
AUD/USD may struggle to hold its ground ahead of the next Federal Open Market Committee interest rate decision on September 21.
Gold Price Weakness Pushes RSI Towards Oversold Territory
The price of gold is on the cusp of testing the yearly low as it extends the recent series of lower highs and lows from earlier this week.
AUD/USD Rate Vulnerable To Upbeat US Non-Farm Payrolls (NFP) Report
AUD/USD struggles to retain the advance from the start of the week as the commodity bloc currencies weaken against the Greenback.
Gold Price Outlook Mired By Failure To Push Back Above 50-Day SMA
The price of gold slips to a fresh monthly low as it carves a series of lower highs and lows.
EUR/USD Holds Above December 2002 Low To Keep RSI Out Of Oversold Zone
The recent selloff in EUR/USD appears to have stalled ahead of the December 2002 low (0.9859) as it snaps the series of lower highs and lows from last week.
Gold Price Rebound Susceptible To Negative Slope In 50-Day SMA
The price of gold extends the rebound from the monthly low as it snaps the series of lower highs and lows from last week.
EUR/USD Eyes December 2002 Low After Failing To Defend July Low
EUR/USD is on track to test the December 2002 low (0.9859) as it fails to defend the July low (0.9952).
Gold Price Forecast: Bullion To Find Relief On Slowing US Inflation
The price of gold failed to defend the opening range for August as it traded to a monthly low ($1749), but fresh data prints coming out of the US may curb the weakness in the precious metal.
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