WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Forex Trading: Asian Session Recap and Ranges

Posted by Akhilesh Ganti on Aug 7, 2013 10:59:00 PM

The US Dollar is trading mixed -vs- its major peers in directionless trade. The main event was the release of the Australian employment report which dipped unexpectedly. The Aussie sold off initially but has since rebounded to reclaim the 0.90 handle on what appears to be a short-covering bounce. Japan's Current Account rose to 0.65 Trillion Yen which was lower than the 0.73 Trillion that the market was expecting. The BOJ said that bank lending rose by +2.0% in the second quarter -vs- estimates of a rise of +1.9%. BOJ monetary policy statement is due a bit later on and the market is not expecting any new stimulus measures to be introduced at this time. 

Ranges:

080813

 

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!