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Forex Trading: Asian Session Recap and Ranges

Posted by Akhilesh Ganti on Jun 17, 2013 11:01:00 PM

A fairly calm Asian session with the US unit exhibiting mild strength -vs- most of the majors and moderate strength -vs- the Australian unit on the heels of the dovish RBA minutes. The markets are increasingly turning their collective focus to Wednesday's release of the FOMC minutes and the question that is of paramount importance to traders will be whether the FED chairman addresses the issue of tapering asset purchases. An affirmation of their intent to embark on this course of action should see the US dollar resume its rise. Conversely, if they indicate a desire to maintain the status quo then it should fall. 

061813

 

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