Psychology for major markets Aug 11

EUR/USD – EUR/USD continue its rotation lower as market realize the Middle East complication persists. The first check point would be the 1.15 figure, which could be tested soon.

USD/JPY – The joint intervention threat is capping USD/JPY rally. USD bid is still favored despite headline crossing the wire about a September hike from the BoJ.

AUD/USD – The Aussie looks to retest the 0.7030 technical area on soft risk and precious metal.

Equities & Others – Broader risk sentiment is turning sour. The reality being no change in the Middle East situation may see a quick deterioration in sentiment.