Daily FNArena News - Currencies

Market analysts at FXCM note from a technical perspective the Australian dollar has completed an intra month reversal, though 20 and 50-day averages continue to offer support.

Market analysts at FXCM suggest investor risk appetite levels and currency markets threaten a trend defining reversal next week.

Market analysts at FXCM suggest recent forex moves indicate a breakout for the euro but the start of a correction in the Australian dollar.

Market analysts at FXCM continue to view the Australian dollar as a strong proxy for gold prices.

Market analysts at FXCM suggest while the US dollar is showing some signs of recovery there is still a lack of fundamental support to push the currency higher.

Market analysts at FXCM suggest the Australian dollar has traced out a near-term top against the US dollar, while the euro appears to have broken out of its recent trading channel.

Market analysts at FXCM note the Australian dollar has broken out of its recent trading range against the US dollar, while suggesting the Swiss franc looks likely to break out of its recent trading range.

Market analysts at FXCM are bearish on the Australian dollar at present given the currency’s correlation with risk appetite.

Jamie Saettele, market analysts at FXCM, maintains the euro is due for a severe correction.

Market analysts at FXCM caution the Australian dollar may be poised to follow the gold price lower.