Forex News 7th February 2023

Categories: Forex News | Published by: fxstadium

07/02/2023

AUD/USD: AUD crashed in the wake of shocking NFP figures from the US that had strengthened the US Dollar earlier.
USD/JPY: The likelihood of a BoJ policy change will be the main factor driving the USD/JPY lower during the next few weeks.
BTC/USD: Sudden Dip in BTC/USD Price Leads to Caution Among Traders.
USD/CAD: The Canadian Dollar lost momentum against the US Dollar, breaking a string of weekly gains.
EUR/USD: Surprising January Job Data Pushes Fed to Prolong Tightening, Boosting Dollar and Weighing on Euro.
ETH/USD: Visa’s large value payments may give a boost to Ethereum.
EUR/JPY: Bullish signals on MACD for the pair.
EUR/GBP: Can expect more action with Eurozone retail sales data.
XAU/USD: Bears are still in action signalling a further decline in gold price.
GBP/USD: The pair lacks stability at the moment but may see rallies for shorting.

Reports from Reuters highlight that the US dollar is at its lowest in one year,…

read more +

The market awaits the release of the United States' Consumer Price Index (CPI) today, a…

read more +

In March, China's Caixin manufacturing PMI declined to 50.0 from an eight-month high of 51.6…

read more +

The annualized rate of Australian CPI (inflation) has decreased from 7.4% to 6.8%, which is…

read more +

In April, U.K. retailers saw positive sales expectations for the first time in seven months,…

read more +

Over the last 24 hours, global stock markets have seen an upward trend, with the…

read more +