Published: 2025-02-27T11:11:25.000Z
Psychology for major markets February 27th
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Senior FX Strategist
4
USD remins under a little pressure generally but commodity currencies struggling. Tariff news awaited
EUR/USD – EUR/USD settling into a 1.04-1.05 range awaiting news on tariffs.
USD/JPY – USD/JPY holding above the 148.65 support area for now but yield spreads continue to point to a break lower
EUR/GBP – EUR/GBP still edging lower helped by the perception that the UK is less in danger from US tariffs, but GBP is looking expensive.
AUD/USD – Dropping back after failing to break above 0.64 resistance area, but remains attractive is risk sentiment is resilient
Equities – US market struggling at the highs due to high valuations, declining growth expectations and tariff concerns.