WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Asia session recap & ranges

Posted by Akhilesh Ganti on Mar 4, 2013 10:39:00 PM

Australian retail sales rebounded sharply as the effects of looser monetary policy seems to have had the desired effect of stimulating consumer demand. Japanese officials, especially the ones who have been nominated for roles in the BOJ, continue to reiterate the need for aggressive measures to ignite growth as they seem willing to join the FED and ECB in adopting some form of Quantitative Easing. The RBA left rates unchanged as was widely expected and appear to be in a wait and see mode for the near future in the hopes that the measures that they have already taken will be sufficient in stabilizing their economy. The US dollar is little changed versus the Euro and Pound but has weakened a bit versus the Aussie and Yen.



Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

Browse our frequently asked questions and find your answers right away.

Access to the educational lessons, webinars and platform walkthroughs.


Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!