Forex News for 10th february 2023

February 10, 2023
  • AUD/USD: Can expect a further drop with the pair consolidating 
  • GBP/USD: The cable pair will get impacted by the UK GDP numbers
  • XAU/USD: The stronger US Dollar pushes the pair down. 
  • ETH/USD: The selling pressure persists causing a downtrend. 
  • USD/CHF: Bullish moves are expected with the pair resuming its uptrend.
  • USD/CAD: USD/CAD to trade higher Up until the US Consumer Price Index.
  • EUR/USD: US Dollar gains momentum against EUR.
  • GBP/EUR: EUR strained with a rise in global risk appetite. 
  • USD/JPY: USD/JPY continues to decline amidst increasing market volatility following the news of a new governor for BoJ.
  • BTC/USD: Prices for Bitcoin (BTC) dropped under $23,000, reaching a two-week low.
Author Amsterdam