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Published: 2026-03-09T10:44:24.000Z

Psychology for major markets Mar 9

7

Oil Exploded

EUR/USD – The Euro has crashed lower and strong USD bids. It has not closed the opening gap yet and may not do so if we see no improvement of geopolitical tension.

USD/JPY –  The strong bid in USD has further weakened the JPY. It is interesting we are not seeing a return of capital, likely because the Japanese equities have fallen more than U.S. equities.

EUR/GBP – Little changed as the market's spotlight isn't here.

AUD/USD – The Aussie is getting kicked by sour risk sentiment and poor precious metal performance.

Equities & Others –  Broader risk atmosphere is sour on geopolitical tension. The dip could go deeper if there is no sign of de-escalation.

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