Psychology for major markets Feb 24

EUR/USD – The Euro remain heavily influenced by the ebbs and flow in USD and is seen trading lower. To be fair, there has been little input from the Euro side before any critical release later in the session but we doubt the pair will be led by Euro.

USD/JPY –  The pair remain in consolidation phase as it lack impetus to break out sustainably. 

EUR/GBP – The pair is little changed and waiting for next leg.

AUD/USD – The Aussie has rebounded on upbeat U.S. equities. Interestingly, it is against strong USD and weak metal, thus the gains may not last.

Equities –  Broader risk atmosphere is indecisive with U.S. and Chinese equities upbeat. Precious metals are lower. Yet, there is unlikely to be a major movement until the fog of war is cleared between U.S.-Iran.