Forex News for 9th february 2023

February 9, 2023
  • EUR/USD: The outlook for EUR/USD is bearish with Euro aiming lower.
  • AUD/USD: RBA to move forward with rate hikes to tackle inflation. 
  • XAU/USD: Gold prices plunging following fedspeak.
  • USD/CAD: BofA predicts the USD/CAD pair will move downward by year end.
  • USD/JPY: The US dollar is weakening against JPY.
  • USD/CHF: The downtrend is likely to continue for the pair. 
  • EUR/JPY: The pair is expected to consolidate further. 
  • BTC/USD: BTC/USD ticked higher after ECB increased interest rates.
  • GBP/USD: Despite continuing to rise, the US dollar appears to be overbought.
  • ETH/USD: A bullish breakout is expected for the pair.
Author Amsterdam