Psychology for major markets March 10th

EUR/USD – EUR/USD stabilising as equity markets soften and European yields fall back.

USD/JPY – USD/JPY extending is decline as equity sentiment dips with yield spreads still pointing lower.

EUR/GBP – EUR/GBP holding close to 0.84 after recent EUR gains. Risks remain to then upside especially if equity markets slip back.

AUD/USD – Held above the main support area below 0.62 and has scope to advance to test 0.64 if risk sentiment stabilises

Equities – US market struggling at the highs due to high valuations, declining growth expectations and tariff concerns. European markets benefiting from expectations of increased defence spending, but worries around tariffs remain.