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Asia session recap & ranges

Posted by Akhilesh Ganti on Feb 18, 2013 10:29:00 PM

A quiet session as the majors gyrated within what is now becoming well defined ranges. Recent central banker policy meetings dominated the trading activity as the BOJ and RBA minutes provided the fuel for what moves there were. The RBA appears to be in a wait-and-see mode while the BOJ seems mired in an internal debate about the onerous issue of inflating their stagnant economy. The US returns from their Presidents' day holiday and this might prove to be the impetus for more active trading conditions as the week progresses.

021913

 

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