Published: 2024-09-06T09:55:02.000Z
Psychology for major markets September 6th
Director of Research , Macroeconomics and Strategy
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USD steadies ahead of key U.S. data, but JPY tone still positive.
EUR/USD – Bias is for USD losses, unless U.S. data dismiss harder landing fears.
USD/JPY – JPY gains further ground on risk off in market. JPY bulls want to break 142.00 but JPY overbought.
EUR/GBP – ECB meeting forward guidance and UK labor market data next week key focal point for direction.
AUD/USD – Weak commodity prices sapping sentiment and lagging on crosses.
Equities – Short-term stablisation, but undertone remains nervous before payrolls.