Forex - Psychology/Strategy for major markets today

 10:11 (GMT) 11 Jun

  [Forex Strategy]

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Psychology/Strategy for major markets today (0101-LYHR-C01)

EUR/USD - Holding above 1.13 despite slightly better USD tone after US/Mexico deal. US inflation and the Fed the next focus. Still some risk of a drift lower but good support near 1.1260.

USD/JPY - Better equity performance helped by some China measures providing support and still scope to push up to near 109 in the absence of negative news on trade

EUR/GBP, GBP/USD - Modest GBP recovery on better than expected UK labour market data but underlying picture still negative dominated by politics. EUR/GBP likely to find support above 0.8875.

DJIA and S&P - Risk chasing continues for now. Above 2900 is the 2968 all-time high again on the S&P.

T.Bond - No strong yield low (yet) ahead of 2% in 10s. Clear of 2.16% break into supply needed to see better profit taking to 2.25%.

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