Psychology for major markets Mar 17
RBA Hiked By 25bps with Divided Votes
EUR/USD – The Euro meet resistance circa 1.15 figure and has taken a step back. There will be little traction from Euro's end until geopolitical tension eases.
USD/JPY – USD/JPY was quickly approaching 160 before meeting with verbal intervention. Odds of an actual intervention is still low given the "grinding" pace.
EUR/GBP – Little changed as the market's spotlight isn't here. Overall in consolidation.
AUD/USD – The Aussie is little changed after RBA hiking as the uncertain outlook did not guarantee more than one hike in 2026. The Aussie also gained little support from equities and precious metal.
Equities & Others – Broader risk atmosphere choppy with equities lower, precious metals and oil higher. Not much headline.