Asian Session Recap – April 22, 2014

Woah! It looks like markets are in risk-off mode as Ukraine faced several challenges in sealing its peace deal. Apparently pro-Russia protesters are not willing to surrender, upping the odds that the U.S. and European Union would add to their list of sanctions to Russia. The Nikkei closed with a 0.85% loss for the day as traders let go of their higher-yielding holdings and flocked to the safe-havens.

Despite that, the Australian dollar managed to stay resilient in today’s Asian trading session, thanks to a 0.3% uptick in its CB leading index. AUD/USD broke to the upside of its tight 20-pip range and climbed past the .9350 minor psychological resistance.

There are no major reports lined up for today London trading session, which suggests that we might simply see a continuation of price action from the previous session. EUR/USD is currently testing the area of interest at the 1.3800 handle while GBP/USD appears to be making another attempt to break past the 1.6800 mark. Risk aversion might keep potential gains subdued but watch out for any potential changes in market sentiment!

U.S. Session Recap

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!