Forex - Psychology/Strategy for major markets today


 19:17 (GMT) 13 Oct

  [Forex Strategy]

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Psychology/Strategy for major markets today (0100-TGGZ-C01)

EUR/USD - looks fairly neutral heading into the weekend but probably needs to see some trades on a 1.17 handle to take the short term eye from a look at 1.1935. Beyond that and we can talk 1.20 and fresh highs again. USD/JPY - The post US data dip was short lived as the equity markets again looked higher. 112.50 likely to find some offers now but longs have proved patient time and again.
EUR/GBP, GBP/USD - Flip-flopped on Barnier comments and reports of him recommending a two-year transition for the UK. However, we heard similar over the weekend and Merkel reportedly said 'nein!'
DJIA and S&P - Plenty of news but steady drift higher continues. Heavy earnings calendar in coming week.
T.Bond - T.note corrective bounce looks to 50dma. US 2s10s back to key m/t threshold at ¾ pp.


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