Psychology for major markets July 15
Middle East Headlines Somewhat Quiet
EUR/USD – EUR/USD's rebound continue as an aftermaths of U.S. CPI softer than expected. The lack of further escalation in Middle East also calm market participants for now and sees USD being offered.
USD/JPY – USD/JPY is consolidating around recent high. The ebbs and flows are balancing themselves for now. The next leg will likely be north still, though the pace may not be sufficient to trigger an actual intervention.
AUD/USD – The Aussie is fast approaching the 0.7030 resistance. Further break will require strong risk and metal performance.
Equities & Others – Broader risk sentiment shows signs of life but on shaky ground. There will be little sustained rally as long as the Middle East situation stays the same.