WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Forex Trading: Asian Session Recap and Ranges

Posted by Akhilesh Ganti on Jun 23, 2013 11:00:00 PM

A subdued start to the last trading week in the month of June that saw the majors oscillating in tight ranges. USD/JPY got a whiff of a bid as it broke above its recent 98.30 highs and made its way above 98.50 abetted in part by the widening yield differentials between the US and Japan. EUR/USD was marginally weaker -vs- the US dollar as simmering issues within the EU appear to be resurfacing. AUD/USD was buoyant early as it tried to alleviate its oversold condition but comments from PM Gillard, who intimated that a weaker currency would be actually be beneficial in the current global economic climate, sent it tumbling back to the 0.9200 level. Gold had a peek above $1300 before turning lower and is currently trading around its session lows of $1290.



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!