Daily FNArena News - Currencies

It is not often G7 central banks coordinate to intervene in financial markets, but the Japanese earthquake has prompted such extraordinary measures.

Market analysts at FXCM have provided an update on currency markets, suggesting the US dollar won’t rally until there is a collapse in the S&P500 index.

Market analysts at FXCM note forex and futures position data to warn of a oversold risk that could well mean a sharp bounce in the US dollar.

Market analysts at FXCM have updated on currency markets and note euro speculative long positions are at their highest level since last October.

Market analysts at FXCM haven’t been firm supporters of the AUD, but analyst Jamie Saettele believes the currency will reveal its hand soon.

ATW’s Jerry Simmons offers another Bracket Trade example in the EUR/USD.

John Kicklighter, Currency Strategist at FXCM, suggests the Kiwi dollar is due a come-back.

FXCM currency strategist John Kicklighter doesn’t believe the re-established correlation between USD and equities will be a lasting one.

FXCM market analyst Jamie Saettele believes the AUD could rise to 1.10 against the USD (Elliott Wave analysis).

Danske Bank expects relative interest rates will be the primary driver of forex markets in 2011, a view that implies gains for the euro against the US dollar.