Psychology for major markets May 14

EUR/USD – The Euro remain depressed as USD bid remain steady on geopolitical uncertainty. The Euro looks set for a retest around the 1.17 figure for support.

USD/JPY –  Rally is gathering steam after the initial impact of intervention fades. The lack of joint intervention between U.S. and Japan suggest any intervention will be quite restrained. While it is very likely for USD/JPY to challenge the 160 handle, they could be meeting intervention there.

AUD/USD – The Aussie is heading nowhere on contradicting risk sentiment and precious metal performance. However, underlying trend seems to be pointing north.

Equities & Others –  Broader risk atmosphere is mixed as U.S.-Iran geopolitical front lacks update. Market participants are left disappointed and will likely be reflected in risk asset price action soon.