Psychology for major markets Mar 18
Calm before slate of central banks on Thursday
EUR/USD – The Euro little changed on the lack of geopolitical impetus. Other traders may also wait for clarity from Europeans central banks on Thursday.
USD/JPY – USD/JPY was quickly approaching 160 before meeting with verbal intervention and have tilted lower. However, it seems to be driven by USD weakness instead of a JPY correction. Thus, the momentum is lacking.
EUR/GBP – Little changed as the market's spotlight isn't here. Overall in consolidation.
AUD/USD – The Aussie remain supported from Tuesday's RBA hike. The improving risk mood and soft precious metal have canceled out either other, providing little cues for the Aussie.
Equities & Others – Broader risk atmosphere is improving. Both oil and precious metal are lower as it seems a lack of escaltion in the Middle East.