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Forex: Asian Session Recap & Ranges

Posted by Akhilesh Ganti on Dec 10, 2013 10:55:00 PM

Japan’s Corporate Goods Price index came out in line with forecasts as it rose last month posting a seasonally adjusted annual rate of +2.7% -vs- +2.5% in the preceding month. Japan’s Core Machinery Orders also came out as expected as it rose to +0.6% -vs- the -2.1% reading of the prior month. Australia's Westpac Consumer Sentiment survey fell by 4.8% to 105.0 on lingering concerns about long-term economic growth prospects. The Aussie weakened a bit as traders speculated that another rate cut might be in the cards when the RBA next meets in February 2014. The US House of Representatives and Senate announced a budget agreement thus removing the potential threat of another government shutdown.RBNZ Monetary Policy announcement and Australian Employment data out tomorrow.

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