WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Forex Trading: Asian Session Recap and Ranges

Posted by Akhilesh Ganti on Jun 11, 2013 11:00:00 PM

The AUD/USD and USD/JPY were the most active pairs in the Asian session with the former benefiting from the upbeat sentiment data while the latter recovers from yesterdays collapse. At this juncture both these moves appear to be corrective in nature. Australian employment report is due out tomorrow as is the monetary policy announcement from New Zealand. The market is anticipating a weak employment report, so a surprise could provide the impetus for a corrective rally. The RBNZ is expected to remain on hold though they might reiterate the need for a weaker currency.

061213

 

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.

FAQ CenterLEARN MORE >>
Browse our frequently asked questions and find your answers right away.

VideosLEARN MORE >>
Access to the educational lessons, webinars and platform walkthroughs.

READY TO TRY THE MARKETS?

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