Psychology for major markets Feb 27
Quiet Friday
EUR/USD – The Euro is trading slight higher throughout half of the last trading day for the week. Market is quiet will little critical headlines and no one would like to be caught wrongfooted over the weekend.
USD/JPY – The pair retraced earlier losses and is gaining some grounds. The cooling Tokyo CPI seems to be giving market participants some food for thoughts but is unlikely to change the trend in a medium run.
EUR/GBP – Following Thursday's momentum but is not seeing much commitment yet.
AUD/USD – The Aussie is benefiting from positive risk sentiment but looks unlikely to last given the choppy trading.
Equities – Broader risk atmosphere is undecided. The spotlight remain between U.S. and Iran. Subsequent geopolitical tension will shake/make the market.