Psychology for major markets Feb 19
USD Soft, Antipodeans Leading
EUR/USD – The Euro is taking a breather after another day of selling. Yet, the recovery is partial and lack momentum.
USD/JPY – JGB yields are moderating further in the far end but remain stubborn in the front. USD/JPY has recouped almost half of the relieve rally in JPY after LDP wins, likely to move to consolidation in the coming days before the next leg lower.
EUR/GBP – The pair turned slightly higher but not decisive movement.
AUD/USD – The Aussie is leading the pack after a unemployment rate beat in the latest labor report. The details are mixed but is enough to convince market participant that the Australian labor market is solid and reinforces RBA's hwakishness.
Equities – Broader risk atmosphere is positive, so as precious metal.
