Continuum Economics
  • Search
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
  • Calendar
  • Forecasts
  • Events
  • Data
  • Newsletters
  • My Alerts
  • Community
  • Directory
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
    • All
    • Thematic
    • Tactical
    • Asia
    • EMEA
    • Americas
    • Newsletters
    • Freemium
    • Editor's Choice
    • Most Viewed
    • Most Shared
    • Most Liked
  • Calendar
    • Interactive
      • China
      • United States
      • Eurozone
      • United Kingdom
    • Month Ahead
    • Reviews
    • Previews
  • Forecasts
    • Forecasts
    • Key Views
  • Events
    • Media
    • Conference Calls
  • Data
    • Country Insights
    • Shadow Credit Ratings
    • Full CI Data Download
  • Newsletters
  • My Alerts
  • Community
    • FX
    • Fixed Income
    • Macro Strategy
    • Credit Markets
    • Equities
    • Commodities
    • Precious Metals
    • Renewables
  • Directory
  • My Account
  • Notifications Setup
  • Account Details
  • Recent Devices
  • Distribution Lists
  • Shared Free Trials
  • Saved Articles
  • Shared Alerts
  • My Posts
Published: 2024-02-07T11:12:18.000Z

Psychology for major markets Feb 7

byAdrian Schmidt

Senior FX Strategist
-

USD settling into higher range after strong employment data

EUR/USD – EUR stabilising in the 1.07-1.08 range, although risks remain on the downside as European data continues to underperform the US.

USD/JPY – USD/JPY holding near 148, but JPY starting to show some signs of strength on the crosses. Nevertheless, some indication that policy will be tightened in the spring looks necessary to trigger a significant rally.

EUR/GBP – Underlying sentiment GBP positive as UK inflation is perceived to be more persistent than elsewhere, and UK PMIs continue to outperform, but positioning may be becoming a little extended.

AUD/USD – AUD finding some support on the crosses from better Chinese equity performance while a more hawkish RBA has also helped halt losses.

USD/CHF – CHF holding firm despite another rise in Swiss FX reserves in the latest month, but a retest of the lows below 0.93 would likely require something that significantly undermined confidence and growth expectations.

Equities – US market remaining close to all time highs but may be vulnerable to any further decline in easing expectations.

Continue to read the article for free
Login

or

or

Topics
Foreign Exchange
Psycho
FX & Money Markets Now!
FX & Money Markets Now! (Asia)
FX & Money Markets Now! (Europe)
FX & Money Markets Now! (North America)

GENERAL

  • Home
  • About Us
  • Our Team
  • Careers

LEGAL

  • Terms and Conditions
  • Privacy Policy
  • Compliance
  • GDPR

GET IN TOUCH

  • Contact Us
Continuum Economics
The Technical Analyst Awards Winner 2021
The Technical Analyst Awards Finalist 2020
image