Psychology for major markets Mar 12
Another round of oil tankers attack
EUR/USD – The Euro took another beating on surging USD amid rounds of geopolitical tension.
USD/JPY – The USD and JPY is fighting for haven bids. JPY is outperforming by a tad as we reach the level of potential intervention. Look closely for verbal intervention as the historical weak JPY will catch Japanese officials eyes.
EUR/GBP – Little changed as the market's spotlight isn't here. Overall in consolidation.
AUD/USD – The Aussie's rally has its leg cut on poor risk sentiment and soft precious metal prices.
Equities & Others – Broader risk atmosphere is sour yet the trend will change headline by headline and any rally could only be relief rather than strong commitment until the U.S.-Iran miltary operation is over.