Psychology for major markets July 26th

EUR/USD – EUR/USD holding in the mid-1.08s with EUR/USD largely unaffected by the fluctuations in risk sentiment

USD/JPY – USD/JPY stabilising with risk sentiment after the 10 figure drop of the last 3 weeks, but remains under pressure bigger picture.

EUR/GBP – Holding slightly above 0.84 with downside more limited in risk negative environment. Next week’s August MPC coming into focus.

AUD/USD – AUD stabilising after sharp losses on risk sell off over the last few weeks. Year’s range of 0.64-0.68 looking hard to break

Equities – Stabilising after losses over the last couple of weeks. Solid US GDP data supporting sentiment