David Song | TalkMarkets | Page 5

David Song

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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Crude Oil Price Trades In Descending Channel After Failing To Defend April Low
Monday, July 18, 2022 4:53 PM EDT
The price of oil attempts to retrace the decline from the previous week following the failed attempts to close below the 200-Day SMA.
In this article: BNO, OIL, UCO, USO
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USD/JPY Eyes September 1998 High As RSI Pushes Into Overbought Territory
Thursday, July 14, 2022 5:37 PM EDT
USD/JPY continues to trade to fresh yearly highs in July despite the weakness in U.S. Treasury yields.
In this article: FXY, UUP
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Crude Oil Price Eyes April Low As OPEC Forecasts Slower Demand In 2023
Tuesday, July 12, 2022 6:09 PM EDT
The price of oil approaches the monthly low as the Organization of Petroleum Exporting Countries (OPEC) forecast a slower rate of consumption for 2023.
In this article: BNO, OIL, UCO, USO
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AUD/USD Eyes June 2020 Low After Failing To Defend July Opening Range
Monday, July 11, 2022 4:53 PM EDT
AUD/USD trades to a fresh yearly low amid the weakness across the commodity bloc currencies
In this article: FXA, UUP
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USD/CAD Rate Outlook Hinges On Bank Of Canada Rate Decision
Sunday, July 10, 2022 4:45 AM EDT
USD/CAD appears to be falling back toward the 50-Day SMA (1.2844) after clearing the June range. It remains to be seen if the FX rate will track the positive slope in the moving average as the BoC is anticipated to deliver a 75bp rate hike on 7/13.
In this article: FXC
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EUR/USD Falls Toward Parity As RSI Pushes Into Oversold Territory
Wednesday, July 6, 2022 5:43 PM EDT
EUR/USD fails to defend the 2020 low as it tumbles to a fresh yearly low.
In this article: FXE, UUP
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USD/CAD Rate Rally Pushes RSI Towards Overbought Territory
Tuesday, July 5, 2022 5:58 PM EDT
USD/CAD clears the June range as it trades to a fresh yearly high.
In this article: FXC, UUP
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Crude Oil Price Eyes Monthly Low As OPEC Retains Adjusted Output Schedule
Thursday, June 30, 2022 6:17 PM EDT
The price of oil approaches the monthly low as the Organization of Petroleum Exporting Countries (OPEC) retain the upward adjustment in their production schedule.
In this article: BNO, OIL, UCO, USO
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USD/CAD Forecast: Decline From June High Mirrors Price Action From May
Tuesday, June 28, 2022 5:59 PM EDT
USD/CAD appears to be mirroring the price action from last month as it quickly pulls back from a fresh yearly high (1.3079), and the exchange rate may face a further decline over the coming days.
In this article: FXC, UUP
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NZD/USD Forecast: Rebound From Yearly Low Stalls Ahead Of 50-Day SMA
Monday, June 27, 2022 4:03 PM EDT
 NZD/USD struggles to extend the series of higher highs and lows from late last week, and the rebound from the yearly low (0.6196) may unravel as the exchange rate seems to be reversing course ahead of the moving average.
In this article: UUP
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Gold Price Outlook Mired By Failure To Test 50-Day SMA
Thursday, June 23, 2022 6:07 PM EDT
The price of gold appears to be stuck in a narrow range following the failed attempt to test the May low.
In this article: GLD
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USD/CAD Susceptible To Larger Correction As RSI Reverses Ahead Of Oversold Zone
Wednesday, June 22, 2022 5:59 PM EDT
USD/CAD snaps the series of lower highs and lows from the start of the week even as Canada’s Consumer Price Index (CPI) climbs to its highest level since 1983.
In this article: FXC, UUP
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USD/JPY Forecast: RSI Sell Signal Emerges Ahead Of BoJ Rate Decision
Thursday, June 16, 2022 5:54 PM EDT
USD/JPY appears to have reversed course ahead of the October 1998 high as it extends the decline following the Fed interest rate decision.
In this article: FXY, UUP
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AUD/USD Reverses Ahead Of Yearly Low With Australia Employment On Tap
Wednesday, June 15, 2022 4:14 PM EDT
AUDUSD snaps the series of lower highs and lows carried over from last week even as the Federal Reserve delivers a 75bp rate hike in June.
In this article: FXA, UUP
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USD/CAD Rally Eyes Yearly High Ahead Of Fed Rate Hike
Tuesday, June 14, 2022 5:58 PM EDT
USD/CAD extends the advance from the monthly low to stage a five-day rally.
In this article: FXC, UUP
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USD/JPY Rally To Persist As RSI Sits In Overbought Territory
Monday, June 13, 2022 10:37 PM EDT
USD/JPY clears the 2002 high (135.16) ahead of the Federal Reserve interest rate decision as the central bank is widely expected to implement higher interest rates.
In this article: FXY, UUP
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