Psychology for major markets Mar 2
U.S. Strikes Iran Sending Shockwave Throughout Market
EUR/USD – The Euro is trading lower as the USD gained strongly on haven bids. Not much economic release could sway the movement for now but
USD/JPY – The push and pull of haven bids is shown clearly here. While market is screaming to buy the USD, certain market participants rotated towards the JPY to diversify their haven bids. JGBs yield also slip across board.
EUR/GBP – Opened higher and stayed there as most momentum comes from USD.
AUD/USD – The Aussie is dragged lower on broader sour risk sentiment. Stronger precious metal could not help as we see market participants turned down risk proxy.
Equities – Broader risk atmosphere is sour on U.S. striking Iran. Major equity indexes are down more than a percent.