{"id":18265,"date":"2011-01-18T10:07:27","date_gmt":"2011-01-18T15:07:27","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=18265"},"modified":"2011-01-18T10:07:27","modified_gmt":"2011-01-18T15:07:27","slug":"forexlive-asian-market-wrap-usd-under-pressure-in-asia-by-fastbrokers-research-team","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/01\/18\/forexlive-asian-market-wrap-usd-under-pressure-in-asia-by-fastbrokers-research-team\/","title":{"rendered":"ForexLive Asian market wrap: USD under pressure in Asia;  By FastBrokers Research Team"},"content":{"rendered":"<p>Written by FastBrokers House<br \/>\n<em>2011-01-18 00:00<\/em><\/p>\n<p>There  was a sense of risk aversion in the market in the morning session and  this saw pairs like AUD\/JPY and EUR\/JPY get sold quite aggressively.  EUR\/USD had opened around 1.3290 but couldn\u2019t rise despite the flurry of  positive comments from EU\u2019s Rehn and Juncker. EUR\/USD fell to a low of  1.3253 but persistent buying from Asian central banks at that level is  helping to form a base. We then saw the usual short-covering into the  late afternoon session with neither bulls nor bears overly committed to  their positioning. Ranges: EUR\/USD 1.3253\/1.3323, EUR\/CHF 1.2789\/1.2833<\/p>\n<p>Cable benefitted early in the session from some aggressive EUR\/GBP  selling as the cross broke below .8345 and the pound also benefitted  from the strong consumer confidence data. Cable opened in Asia on its  session lows and has traded slowly higher without pullback. Ranges:  Cable 1.5877\/1.5939, EUR\/GBP .8333\/70<\/p>\n<p>AUD\/USD fell in early trade when the risk aversion was to the fore  but with the pair mid-range between the .9800\/1.0020 range edges, nobody  was over committing. Short covering has taken us back to the opening  level at .9935. Range: .9899\/.9947<\/p>\n<p>USD\/JPY has again ground it\u2019s way lower inside a tight 30 pip range. Ranges: USD\/JPY 82.49\/79, EUR\/JPY 109.60\/94.<\/p>\n<p><span style=\"text-decoration: underline;\"><strong><a href=\"http:\/\/fastbrokers.com\/index.php?9f9043f9\" target=\"_blank\"><em>Market Commentary<\/em> <em>provided by FastBrokers. <\/em><\/a><\/strong><\/span><strong><a href=\"http:\/\/fastbrokers.com\/index.php?9f9043f9\" target=\"_blank\"><br \/>\n<\/a><\/strong><\/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>There was a sense of risk aversion in the market in the morning session and this saw pairs like AUD\/JPY and EUR\/JPY get sold quite aggressively. EUR\/USD had opened<\/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-18265","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/18265","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=18265"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/18265\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=18265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=18265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=18265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}