David Becker

David Becker

Personal:

  • Name: David Becker
  • An author with FX Empire since Jan 2015

Education And Work Information:

  • School(s) Attended: B.A in Economics from Franklin and Marshall College
  • Job Title: Financial Market Analyst
  • Company/Organization: Fortuity
  • Former Jobs: Proprietary Trader, Solomon Brothers,  Morgan Stanley

Investing profile:

  • Investing Style: Trader
  • Area of Expertise: Energy, Metals, Currencies, Equities, Agriculture, Debt
  • Favorite instruments: Gold, Crude, Natural Gas, SPX

Contact Details:

About:

Over the course of his career, David Becker has held a wide variety of positions at recognized hedge funds and financial services corporations in the United States and abroad. Following his B.A. in Economics graduation from Franklin & Marshall College in 1988, David gained his experience in the finance industry with a role as Credit Analyst for Manufacturers Hanover Corporation. More than a year later, David accepted an opportunity to enter the Information Technology Training Program at Morgan Stanley, after which he became a Trading Analyst for the firm.

During this time, David Becker played an integral role in the design of risk parameters and trading strategies for the Foreign Exchange Group at Morgan Stanley, setting the stage for a lengthy career in trading and portfolio management. From Morgan Stanley, David Becker joined Ezra Zask Associates/Rayner & Stonington as a Hedge Fund Trader, where he employed a series of ad hoc, mean reverting, and trend following strategies to manage a portfolio of a commodity, fixed income, and foreign exchange products.

In August 1995, David entered into a long-term professional relationship with Citigroup Inc., beginning with a period as a Vice President of the company’s London-based Fixed Income Division. In this capacity, David Becker traded within the global foreign exchange market, in addition to the Asian, European, and American debt markets. Owing to his consistent performance, David Becker earned promotion to the position of Vice President of the Commodity Group at Citibank NA.s During the next four-plus years he spent in that position, he traded in petroleum and natural gas, including futures, options on futures, over the counter options, over the counter swaps, and exotic options.

By October 2001, David had become the Global Trading Manager of the Citigroup Commodity Group, through which he managed a group of 15 traders internationally, affected annual profits in excess of $50 million, and designed a wide range of successful trading strategies. David Becker later became Global Head of the Citigroup Commodity Group and continued to build upon his impeccable track record as a trader and manager. Since then, David Becker has served as a Portfolio Manager at notable hedge funds Trivium Capital Management LLC and D.B. Zwirn and Co., where he also held a post as Managing Director.

Today, David Becker focuses his attention on various consulting and portfolio management activities at Fortuity LLC, where he currently provides oversight for a multimillion-dollar portfolio consisting of commodities, debt, equities, real estate, and more. David Becker resides with his family in Great Neck, New York.

Contact:davidbecker@fxempire.com

    Recent Activities

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      Natural Gas Price Prediction – Prices Surge by 17.5% as Short Get Squeezed Out

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    • Gold daily chart, November 15, 2018

      Gold Price Prediction – Prices Rally as Yields Drop

       Gold prices rebounded on Wednesday as riskier assets continued to move lower and the dollar declined.  A stronger than expected CPI provided the back drop for lower yields which paved the way for lower gold prices.Technical AnalysisGold prices moved higher but rebounded from trend line support, recapturing the 50-day moving

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    • Natural Gas

      Natural Gas Price Prediction – Prices Surge to Fresh 2-year Highs

      Natural gas prices surged higher closing up 7%, blowing through the $4.0 handle. Colder than normal weather is expected to cover most of the United States for the next 6-10 days but then ease and turn warmer during the latter part of November. Inventories remain well below the 5-year average

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    • Comex Gold

      Gold Price Prediction – Gold Prices Stabilize as Budget Deficit

      Gold prices rebounded near trend line support as the dollar eased and stocks attempted to stabilize. The risk off trade continued but took a breather following Monday’s rout in equities. Gold prices gained traction as the euro stabilized as the US announced a larger than expected budget deficit. With US

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    • Natural gas Midday daily chart, November 13, 2018

      Natural Gas Price Prediction – Prices Surge on Cold Weather Forecast

      Natural gas prices surged higher closing up 3%, after testing the 3.9 handle earlier in the trading session. Colder than normal weather is expected to cover most of the United States for the next 6-10 days but then ease and turn warmer during the latter part of November. Inventories remain

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    • Comex Gold

      Gold Price Prediction – Gold Tumbles to Support as Risk Off Trade Perpetuates

      Gold prices moved southbound, tumbling down to support levels as the risk off trade gained traction allowing the dollar to gain strength. Since gold is priced in dollars, a stronger greenback generated headwinds for the yellow metal.  This week, traders are expected the US to release both CPI and retail

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    • Natural gas weekly chart, November 12, 2018

      Natural Gas Price Prediction – Prices Break Out and Poised to Test Higher Levels

      Natural gas prices broke out on Friday after generating a bull flag pattern. Prices were unaffected by a larger than expected build in natural gas inventories reported by the EIA on Thursday. The weather has been the driver and is expected to be colder than normal over the next 6-10

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    • Comex Gold

      Gold Price Prediction – Gold Drops Following Hot PPI Report

      Gold prices tumbled following a hotter than expected producer price index, as yields in the US moved higher. The dollar gained traction against the Euro which paved the way for lower gold prices. The risk off trade that ensured on Friday did little to help gold prices gain traction.Technical AnalysisGold

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    • Natural Gas

      Natural Gas Price Prediction – Prices Consolidate Despite Inventory Build

      Natural gas prices consolidated moving sideways forming a bull flag pattern which is a pause that refreshes higher. Prices where unaffected by a larger than expected build in natural gas inventories. The weather is expected to be colder than normal over the next 6-10 days which should increase heating demand

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    • Comex Gold

      Gold Prices Dip as Fed Keeps Rates Unchanged

      Gold prices moved lower as the dollar gained traction, as the 10-year US yield hit fresh highs. This followed the Federal Reserve meeting where the FOMC kept rates unchanged. As yields moved higher the dollar began to soar, paving the way for lower gold prices. Riskier assets moved higher on

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    • Natural Gas

      Natural Gas Price Prediction – Prices Form Bull Flag Pattern

      Natural gas prices moved sideways on Wednesday ahead of Thursday’s inventory report by the Department of Energy.  Expectations are for a 51 Bcf build according to estimize. The calendar has moved into the withdrawal season and stocks are well below the 5-year average range.  The weather is expected to be

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    • Comex Gold

      Gold Price Prediction – Gold Slips Following Mid-Term Elections

      Gold prices slumped during the session forming a doji day which is generally a sign of indecision.  Prices attempted to move higher following the mid-term election results but as the session moved on, riskier assets surged easing the demand for the yellow metal. As most expected the Democrats are now

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    • Natural gas daily chart, November 07, 2018

      Natural Gas Price Prediction – Prices Consolidate Following Robust Rally

      Natural gas price consolidated on Tuesday after rising nearly 8% as much colder than normal weather is forecast to cover most of the United States for the next 2-weeks according to the most recent forecast from the National Oceanic Atmospheric Administration. The cold weather will arrive as the beginning of

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    • Comex Gold

      Gold Price Prediction – Gold Consolidates Ahead of Mid-Term Election Results

      Prices will likely climb if it appears that the US senate will flip to democratic control. The market has priced in a flip of the house of representatives, which will likely lead to an updraft in riskier assets. The US reported a strong US services report which was countered on

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    • Natural gas daily chart, November 06, 2018

      Natural Gas Price Prediction – Prices Surge on Cold Weather Report

      Natural gas price surged higher on Monday, rising nearly 8% as much colder than normal weather is forecast to cover most of the United States for the next 2-weeks according to the most recent forecast from the National Oceanic Atmospheric Administration. The cold weather will arrive as the beginning of

      Read More
    • Gold daily chart, November 06, 2018

      Gold Price Prediction – Prices Trade Sideways Ahead of Mid-Term Elections

      Gold prices continue to trade sideways in the wake of the US jobs report and ahead of the US mid-term elections. Last week traders saw that wages increased by more than expected which pushed US yields higher, which raised the value of the US dollar paving the way for lower

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    • Natural Gas

      Natural Gas Price Prediction – Prices Rebound to Test Resistance

      Natural Gas prices moved higher but continue to trade in a wide range. Prices are having a difficult time breaking out despite lower than normal stockpiles ahead of the heating season. The weather over the next 2-weeks beginning in 6-days is expected to be colder than normal throughout the mid-west

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    • Comex Gold

      Gold Price Prediction – Prices Dip into Range Following Robust Employment Report

      Gold prices ran into resistance levels following the US jobs report which showed a larger than expected increase in headline payrolls. Additionally, wages increased by more than expected which pushed US yields higher, which raised the value of the US dollar paving the way for lower gold prices. Average hourly

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    • Natural Gas

      Natural Gas Price Analysis – Prices Attempt to Move Higher on Weak Inventory Build

      Natural gas prices attempted to move above resistance levels following a lower than expected build in natural gas inventories. With the injection season ending and prices likely to rise into the winter, the weaker builds could make prices vulnerable to higher levels. The weather is expected to be colder than

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    • Comex Gold

      Gold Price Prediction – Gold Soars on Weak PMI Data

      Softer than expected ISM manufacturing was able to ease upward pressure on the US dollar, as yields moved lower paving the way for higher gold prices. Construction spending actually came in stronger than expected but it was a September number, which has already been incorporated into the GDP report for

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