Psychology for major markets Feb 16

EUR/USD – The Euro little changed to begin the week as we have little new stimulus.

USD/JPY – USD/JPY is showing a rebound from last week's correction. It is triggered by weak Q4 GDP number that shows consumption being dragged by choppy real wage. However, it is unlikely to weaken the JPY in a medium run.

EUR/GBP – Minor movement so far after the initial opening gap closed.

AUD/USD – The Aussie turned higher as the broader risk atmosphere but looks unlikely to test new grounds on thin liquidity hours.

Equities – The broader risk move seems positive. U.S. major equity indexes are in the green with precious metal recovering earlier losses.