Psychology for major markets Apr 9
Ceasefire Deal Already Shaky
EUR/USD – The Euro is little changed after the ceasefire deal is already shaky on the second day. Market participants are reassessing the situation after the relief rally.
USD/JPY – USD/JPY has stalled the correction an rotate higher as USD chops. However, it is still down around a figure from pre-ceasefire high.
EUR/GBP – Resume its consolidation but the market's spotlight isn't here.
AUD/USD – The Aussie is retracing partial risk on gains. The pair is currently sitting on support at 0.7030.
Equities & Others – Broader risk atmosphere is undecided on Trump's two week cease fire deal as both sides have already begun pointing fingers. Market participants are wary of placing aggressive position before more clarity.