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Forex Trading: Asia Session Recap and Ranges

Posted by Akhilesh Ganti on Apr 17, 2013 11:22:00 PM

A nervous Asian session which is understandable given that markets are jittery ahead of the G-20 meetings that are set to begin a bit later on today. Discouraging global economic readings, the specter of rate cuts from the ECB, rumors of a German rating downgrade all have conspired to create a trading environment that is ripe for risk aversion. Gold was on the defensive again as it traded below 1340 before stabilizing a bit. US Crude oil continues its' descent. 

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