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Forex Trading: Asian Session Recap and Ranges

Posted by Akhilesh Ganti on Sep 22, 2013 11:00:00 PM

An extremely quiet start to the trading week as Japan, one of the major financial hubs, is on a holiday. The US Dollar oscillated within very tight ranges as the market still appears to be suffering from a post-FOMC hangover. Angela Merkel's victory gave the Euro a bit of boost as she is seen to be a supporter of the Euro-zone concept. China's September Flash HSBC PMI came out markedly higher than market estimates and, aside from giving the Aussie a boost, appears to be hinting that a sustained recovery might finally be afoot in the world's second largest economy.  

Ranges: {WWM Alpha Trader / 60min charts}(click to enlarge)
Ranges 092313

 

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