Psychology for major markets Jan 2

EUR/USD – EUR/USD remain depressed on the first trading day of 2026. Headlines are still lackluster so far.

USD/JPY – The pair is steadily higher but there hasn't been new triggers. Thus, it is likely more follow through momentum. And looking at the broader picture, USD/JPY has been in consolidation since mid November.

EUR/GBP – After some up and down movement, the pair is back to unchanged. The New Year has so far lack the impetus to form a direction.

AUD/USD – Aussie gained strongly as precious metal perform strongly to start the new year. The past week has shown strong correlation between the Aussie and metal, given the outsized volatility.

Equities – U.S. major equities are performing strongly, so as the HSI.