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.