Psychology for major markets November 28th

EUR/USD – Holding the 1.05-1.06 range for now. Risks slightly on the downside due to concerns about possible announcements of tariffs on Eurozone and relatively weak Eurozone economy.

USD/JPY – Looks biased lower after the drop in US yields, but progress likely to be slow ahead of the December central bank decisions

EUR/GBP – EUR/GBP struggling to break 0.83 as UK data softens, but may get pushed lower if BoE leave rates unchanged and ECB cut 50 bps in December

AUD/USD – AUD/USD resurfacing above 0.65 but struggling to benefit from relatively strong domestic conditions due to concerns around US tariffs and China.

Equities – S&P 500 remaining resilient despite a mild correction from the post-election rally. Tariff details and Fed stance will be key in the coming weeksance will be key in the coming weeks