Psychology for major markets Feb 4
Broader Risk Mood Steady
EUR/USD – The Euro is showing further rebound but has yet to recapture lost grounds since the beginning of the week.
USD/JPY – JPY bidders and sellers remain careful to not get wrong footed in the coming election. The occasional jawboning from the Japanese officials does not seem to be curbing the JPY losses.
EUR/GBP – Moderately improved tone of recent UK data had EUR/GBP near the lower end of its recent range. Without fresh stimulus, the pair is tilted towards south.
AUD/USD – The hawkish tilt from the RBA has pushed the pair significantly higher. The ongoing positive risk atmosphere could further support the Aussie to test resistance.
Equities – Risk asset does not seem upbeat with rally meeting sellers. So far there does not seem to be a fresh wave of offer but the rebound remain minimal.