{"id":16506,"date":"2010-12-08T10:16:24","date_gmt":"2010-12-08T15:16:24","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=16506"},"modified":"2010-12-08T10:16:24","modified_gmt":"2010-12-08T15:16:24","slug":"asian-market-wrap-usd-continues-on-in-recovery-mode-by-fastbrokers-research-team","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/08\/asian-market-wrap-usd-continues-on-in-recovery-mode-by-fastbrokers-research-team\/","title":{"rendered":"Asian market wrap: USD continues on in recovery mode; By FastBrokers Research Team"},"content":{"rendered":"<p><strong>Written by FastBrokers House<\/strong> &#8211; Most interest has been on USD\/JPY and we have seen the pair grind its  way higher amid some quite large turnover. The weak machinery orders  and prospects of rising US rates kept the pair well bid and the North  Korean military drills provided the momentum to break through heavy  offers at 83.70 and trigger stops above 83.80. Ranges: 83.47\/94, EUR\/JPY  110.54\/111.05<\/p>\n<p>EUR\/USD rallied initially after a failure to break below some hourly  support at 1.3240 but with offers aplenty above 1.3300, any rally was  likely to be short-lived. The break higher in USD\/JPY was the catalyst  for stops below 1.3240 to get triggered but momentum to test more  support at 1.3200 was lacking. Ranges: 1.3215\/80<\/p>\n<p>AUD\/USD has traded along dollar lines for the last few sessions,  weing led by USD\/JPY. Some modest buying in early trade saw the pair to  its session highs at .9855 but long-liquidation ahead of an expected  Chinese rate rise was always likely to cap rallies. Ranges: .9780\/.9855<\/p>\n<p>Cable has also traded with a heavy tone after solid offers around  1.5800 gave bulls their fill over the last few sessions. EUR\/GBP has had  an unusually quiet session. Ranges: Cable 1.5709\/64, EUR\/GBP .8405\/27<\/p>\n<p><a href=\"..\/..\/FastBrokers\/\" target=\"_blank\"><em><strong>Market Commentary<\/strong><\/em> provided by <strong>FastBrokers<\/strong>.<\/a><\/p>\n<p><strong>Disclaimer:<\/strong> FastBrokers\u2019 market commentary is           provided for information purposes only and under no circumstances    should        be regarded neither as an investment advice nor as a    solicitation    or    an  offer to sell\/buy any financial product.    FastBrokers  assumes   no     responsibility or liability from gains or    losses  incurred by the       information herein contained.<\/p>\n<p><strong>Risk Disclosure:<\/strong> There is a substantial risk of loss         in trading futures and <a title=\"foreign exchange\" href=\"..\/..\/\">foreign exchange<\/a>.   Please carefully review     all     risk disclosure documents before   opening an account as these      financial    instruments are not   appropriate for all investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Written by FastBrokers House &#8211; Most interest has been on USD\/JPY and we have seen the pair grind its way higher amid some quite large turnover. The weak machinery orders and prospects of rising US rates kept the pair well bid and the North Korean military drills provided the momentum to break through heavy offers &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/12\/08\/asian-market-wrap-usd-continues-on-in-recovery-mode-by-fastbrokers-research-team\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Asian market wrap: USD continues on in recovery mode; By FastBrokers Research Team&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-16506","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=16506"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16506\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=16506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=16506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=16506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}