Psychology for major markets Apr 16

EUR/USD – The Euro is consolidating recent gains and tilted lower. Market participants are wary of placing heavy bets before more clarity coming from the U.S.-Iran scenario. 

USD/JPY –  USD/JPY has parted from 160 but still lack momentum to further correct. It will likely be consolidation before fresh geopolitical stimulus led to the next leg.

AUD/USD – The Aussie gains further and inches closer to the resistance at 0.7190, which failed the first stand. However, the momentum may require more support from upbeat sentiment and stronger previous metal performance. 

Equities & Others –  Broader risk atmosphere is improving on Trump's comment being hopeful a deal is near. However, further rally will need an exact deal from the U.S.-Iran side.