Published: 2024-07-19T10:18:25.000Z
Psychology for major markets July 19th

Senior FX Strategist
6
USD drifting higher with equities still on the defensive.
EUR/USD – EUR/USD holding close to 1.09 with the USD bounce on mild risk off.
USD/JPY – USD/JPY edging higher, as USD helped more by risk off.
EUR/GBP – UK Retail sales triggers some profit-taking by GBP longs.
AUD/USD – Correction with other majors, but tone remains mildly positive with RBA one of the more hawkish central banks.
Equities – Global IT outage extends tech profit-taking, with some rotation to US small caps.