Forex - Psychology/Strategy for major markets today


 11:11 (GMT) 11 Feb

  [Forex Strategy]

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

EUR/USD - Breaking below the base of the 1.13 range on general USD strength. Still support down to 1.1265, but better Eurozone data likely necessary to prevent a test of 1.1216 November low.

USD/JPY - Positive equity tone into US/China trade talks lifting USD/JPY through 110, but gains still likely to be modest while US yields hover near recent lows.

EUR/GBP, GBP/USD - Deteriorating UK data bringing rate hike expectations into question and limiting GBP recovery prospects even if worst case Brexit scenario is avoided.

DJIA, S&P - Trade tensions causing worries again. 50 day MAs at 2616 and 24245 eyed.

T.Bond - USTs still threatening to resolve firm ranging action with fresh yield breakdown amid pessimism burst, 10s towards 2.5% in that event.


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