Psychology for major markets July 29th

EUR/USD – EUR/USD slipping a little lower within the 1.08-1.09 range but still broadly steady.

USD/JPY – USD/JPY stabilising with risk sentiment after the 10 figure drop of the last 3 weeks, but remains under pressure bigger picture.

EUR/GBP – Pushing a little higher as a potential rate cut at this week’s MPC and extended positioning encourage some squaring of long GBP positions

AUD/USD – AUD stabilising after sharp losses on risk sell off over the last few weeks. Year’s range of 0.64-0.68 looking hard to break

Equities – Stabilising after losses over the last couple of weeks.