Psychology for major markets Aug 13

EUR/USD – EUR/USD is consolidation the latest leg lower just above the figure. Nothing much expected in the coming sessions but a potential retest of the figure.

USD/JPY – The joint intervention threat is capping USD/JPY rally. USD bid is still favored despite a September hike from the BoJ becoming more likely.

AUD/USD – The Aussie is chopping around on indecisive sentiment. Looks set to retest 0.7030 on soft risk sentiment.

Equities & Others – Broader risk sentiment is indecisive. The reality being no change in the Middle East situation may see a quick deterioration in sentiment.