Continuum Economics
  • Search
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
  • Calendar
  • Forecasts
  • Events
  • Data
  • Newsletters
  • My Alerts
  • Community
  • Directory
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
    • All
    • Thematic
    • Tactical
    • Asia
    • EMEA
    • Americas
    • Newsletters
    • Freemium
    • Editor's Choice
    • Most Viewed
    • Most Shared
    • Most Liked
  • Calendar
    • Interactive
      • China
      • United States
      • Eurozone
      • United Kingdom
    • Month Ahead
    • Reviews
    • Previews
  • Forecasts
    • Forecasts
    • Key Views
  • Events
    • Media
    • Conference Calls
  • Data
    • Country Insights
    • Shadow Credit Ratings
    • Full CI Data Download
  • Newsletters
  • My Alerts
  • Community
    • FX
    • Fixed Income
    • Macro Strategy
    • Credit Markets
    • Equities
    • Commodities
    • Precious Metals
    • Renewables
  • Directory
  • My Account
  • Notifications Setup
  • Account Details
  • Recent Devices
  • Distribution Lists
  • Shared Free Trials
  • Saved Articles
  • Shared Alerts
  • My Posts
Published: 2025-08-01T10:04:03.000Z

Psychology for major markets Aug 1

byAdrian Schmidt

Senior FX Strategist
1

USD firm after latest tariff increases

EUR/USD – EUR/USD continuing to weaken as the trade deal with the US is seen as less favourable to the EU than hoped, and new tariff increases undermine risk sentiment.  

USD/JPY – USD/JPY at its highest since March on general USD strength and a perception of a less hawkish BoJ, helped by resilient equities although crosses are off their highs as equities slip back.

EUR/GBP – Broke above 0.87 after weaker than expected UK June retail sales, but has slipped back below as UK/US trade deal seen as favourable relative to EU deal. 0.86 nevertheless likely to be solid support.

AUD/USD – Slipping back below the middle of the year’s range as the USD rallies generally on trade news and RBA rate cut looks more certain after CPI data.

Equities – S&P futures made new highs on strong Meta and Microsoft results, but has slipped back on new tariff increases. Valuation remains extreme.

Continue to read the article for free
Login

or

or

Topics
Foreign Exchange
Psycho
FX & Money Markets Now!
FX & Money Markets Now! (Asia)
FX & Money Markets Now! (Europe)
FX & Money Markets Now! (North America)

GENERAL

  • Home
  • About Us
  • Our Team
  • Careers

LEGAL

  • Terms and Conditions
  • Privacy Policy
  • Compliance
  • GDPR

GET IN TOUCH

  • Contact Us
Continuum Economics
The Technical Analyst Awards Winner 2021
The Technical Analyst Awards Finalist 2020
image