WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Forex Trading: Asian Session Recap and Ranges

Posted by Akhilesh Ganti on Nov 7, 2013 10:54:00 PM

A quiet start to the last trading day of the week as participants await the release of the US Non-Farm Payroll report a bit later on today. The US Dollar strengthened against all of the majors except USD/JPY which is a classic sign that risk aversion was the main catalyst behind the move. Whether its nervousness about the state of the global economy, the surprise ECB cut suggests that Europe is far from well, or fears of an earlier start to the tapering process, the result was a sharp decline in US equity markets on a day when Twitters' IPO outperformed expectations.

Ranges: {WWM's New ALPHA Trader-4h charts [EUR,GBP,AUD,YEN,GOLD,OIL,WallStreet}(click to enlarge)
110813

 

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!