Psychology for major markets September 10th

EUR/USD – Bias is for USD losses, unless U.S. data dismiss harder landing fears or fears of European slowdown and weaker equities undermine sentiment.  

USD/JPY – USD/JPY still trading offered and benefiting from any dips in risk sentiment or concerns about US slowdown, but support remains strong near 142.

EUR/GBP – GBP edging higher after UK labour market data, but data was mixed and risks still look weighted to the GBP downside medium term.

AUD/USD – Weak commodity prices and soft Chinese data sapping sentiment but underlying fundamentals suggest scope for gains if equities stabilise.

Equities – Better tone at the start of the week and scope for Fed easing suggests downside risks are not substantial without much weaker data