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EUR/USD depreciates on risk-off sentiment ahead of Eurozone, US data, trades around 1.0840

EUR/USD extends losses to near 1.0840 during the Asian session on Wednesday as traders adopt a cautious stance ahead of the Euro Zone Economic Sentiment Indicator for February and the preliminary Gross Domestic Product Annualized (Q4) from the United States, scheduled to be released later in the day.
United States European Central Bank Federal Reserve Gfk German Consumer Confidence Survey For Eurozone Economic Sentiment Indicator Euro Zone Economic Sentiment Indicator

Nasdaq, S&P 500 Futures Decline As Traders Await GDP Data, Fed Speeches; Bitcoin Eyes $60K Milestone: Analysts Highlight Small-Cap Gains As Sign Of Robust Economy - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)

Sentiments turn negative on Wednesday after the mixed performance in the previous session, as the focus shifts to some key Main Street data. Traders may prefer to move to the sidelines to see off some key economic catalysts due for the week. Earnings news for the day has been mixed, although some weak retail earnings could dent market mood.
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