Psychology for major markets February 27th

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.