Psychology for major markets July 18

EUR/USD – EUR/USD managed to close the gap but it may not last if the situation in Middle East worsens. Technically, the pair is half a figure away from the closet resistance but very likely headline will remain in the driver seat.

USD/JPY –  USD/JPY is close to unchanged after refreshing the weekly high. No much impetus from either side.

AUD/USD – The Aussie is seeing some back and forth action. The pair benefits from market optimism, though it may be temporary.

Equities & Others – Broader risk improves from the sour opening. It is turning sour again as we begun the London session. Without fundamental improvement, opium will not last.