Forex - Psychology/Strategy for major markets today


 11:11 (GMT) 18 Nov

  [Forex Strategy]

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

EUR/USD - EUR holding in mid-1.10s helped by cross buying on better risk perception. Upside bias should persist as long as PMIs don't surprise on the downside in the coming week.

USD/JPY - Breaks above 109 once again, and underlying positive tone likely to continue as global equity sentiment turns positive, but crosses may have more upside than USD/JPY

EUR/GBP, GBP/USD - Supported by more favourable polls for the Conservatives, though likely negative economic consequences of Brexit suggest limited scope for EUR/GBP losses.

DJIA and S&P - Kudlow's remarks protected the downside in the short term, but still vulnerable at current levels without clearer signs of US-China trade progress.

T.Bond - US10s currently uncertain in a 1.75-1.95% band, waiting for the next headline.


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