forex asia

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Forex Asia Review – Dollar remains subdued; euro consolidates gains

Posted on March 20, 2012 6:54 am GMT

Markets in Asia had light volumes due to a public holiday in Japan. USDJPY traded an extremely tight range between 83.33 – 83.48. EURJPY consolidated gains made yesterday when it rose over 100 pips to 110.54 as euro got a […]

Forex Asia Review – Asian markets consolidate ahead of weekend

Posted on March 16, 2012 7:20 am GMT

Most major currency pairs consolidated during the Asian trading session, after heavy profit-taking from recent  strong rallies. The dollar made big gains this week on signs of an improving US economy and less likelihood for the Fed to expand quantitative […]

Forex Asia Review – Dollar advances further against yen

Posted on March 14, 2012 7:13 am GMT

Euro was under pressure by a broadly stronger US dollar. EURUSD opened in Asia at 1.3080 and slid to 1.3030. The single currency’s decline accelerated after the dollar gained strength following strong US retail sales data and then again late […]

Forex Asia Review – USDJPY rises higher to new 7-1/2 month high

Posted on February 24, 2012 7:12 am GMT

USDJPY and most JPY crosses moved higher, supported by bids by Japanese importers. The dollar/yen pair rose to a fresh 7-1/2-month high against the yen, hitting 80.53. Yen has been weakening recently since the Bank of Japan announced policy easing […]

Forex Asia Review – USDJPY slips but remains above 80.00

Posted on February 23, 2012 7:18 am GMT

Asian markets were subdued as investors are taking a cautious tone amid concerns over European growth and uncertainty about the implementation of Greece’s debt deal. Lack of economic data in the Asian session kept markets quiet.
EURUSD remains trapped in a […]

Forex Asia Review – USDJPY hits six-month high above 80.00 yen

Posted on February 22, 2012 7:13 am GMT

Euro and most risk currencies made little progress in Asian trading, as investors proceed with caution and took the opportunity for profits after sharp rallies on Tuesday following the approval of the second Greek bailout. The focus has now shifted […]

Forex Asia Review – Euro consolidates gains after a frantic post-EU Summit rally

Posted on October 28, 2011 5:52 am GMT

EURUSD opened lower in Asia at 1.4190 after surging to 2-month high of 1.4246 in the US session on the EU debt deal news. Unable to break past resistance levels after being overbought, the pair consolidated between 1.4160-1.4200 after a […]

Forex Asia-Euro rises after EU finalizes Greek debt deal

Posted on October 27, 2011 5:30 am GMT

EURUSD hit a seven-week high in the Asian session after EU leaders and banks reached a deal on a 50 percent writedown for private bondholders on their Greek debt. Also progress was made in negotiations on bank recapitalisation and measures […]

Forex News Review – Euro extends losses as Europe crisis weighs market sentiment

Posted on October 20, 2011 5:57 am GMT

EURUSD extended its decline in to the Asian trading session as hopes that Europe will come up with a comprehensive plan to tackle its debt problems faded after French President Nicolas Sarkozy on Wednesday said talks to boost the bailout […]

Forex Asia News – Australian dollar rises after strong jobs data

Posted on October 13, 2011 6:15 am GMT

The Australian dollar extended gains into the Asian session to hit a new three-week high after Australia reported that unemployment fell to 5.2 percent from a 10-month high of 5.3 percent beating expectations, and also 20,400 jobs were created in […]