Psychology for major markets August 27th

EUR/USD – Stabilising with little movement in yield spreads despite Powell comments.

USD/JPY – USD/JPY edging higher as Middle East tension recedes and yields are little affected by Powell and Ueda comments.

EUR/GBP – EUR/GBP continues to edge lower after BoE Bailey suggested no Sep cut and gradual cuts hitting 0.8440 target. Sentiment remains GBP positive.

AUD/USD – AUD stable towards the op of the year’s range. May need more positive China sentiment to break higher.

Equities – Powell helps equities, but Nvidia forward guidance this week key for U.S. bulls.