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Forex Trading: Asian Session Recap and Ranges

Posted by Akhilesh Ganti on Sep 4, 2013 11:02:00 PM

A quiet session as the market gears up for event risk beginning with the BOE and ECB monetary policy announcements. Neither is expected to act, but the statements and press conferences have a history of generating volatility in the FX markets. The ECB has made it abundantly clear that they plan to keep rates low for an extended period of time, and are ready to adopt whatever measures needed (negative deposit rates etc..) as the economic data dictates. Also on the docket is the release of the US ADP report.

Ranges: {charts: 15min/ WorldWideMarkets}(click to enlarge)
090513

 

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