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Forex Trading: Asian Session Recap and Ranges

Posted by Akhilesh Ganti on Aug 20, 2013 11:00:00 PM

Euro, Cable and Yen were mired in tight ranges while, once again, the antipodean currencies continued their slide -vs- the US Dollar as the market gears up for the release of the FOMC minutes. Gold was also lower as the uncertainty surrounding the tapering issue has the yellow metal on the defensive. Australia's June Westpac/Melbourne leading index came in at 0 which was lower than last period's +0.2% reading. The growth rate also slowed to +3.6%. China's July Conference Board leading economic index rose by +1.4% to 267.3.

Ranges:

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