18 February 2022 Morning Session Analysis
Russia and Ukraine on the brink of war.
Greenback oscillates within a small range as market participants digests mixed signals in the financial market. Earlier yesterday, US dollar received some substantial selloff following the release of bearish economic data. For the month of February, Philadelphia Fed Manufacturing Index slumped to 16.0, lower than forecast of 20.0. Likewise, Initial Jobless Claims ticks up to 248K as ongoing infections of Omicron variant in the US ravage through the employment market. Nonetheless, losses on the greenback is rather limited as tensions in between Russia and Ukraine rises. Latest report shows that Russia has sent back US’s diplomat from its Moscow embassy. The move came after US rejected Russia’s request of national security as US and NATO troops amasses near the Russian border. US also reemphasize that Ukraine is still vulnerable as Russia may attack at any point of time. As of writing, the dollar index was down 0.01% to 95.77.
For commodities, crude oil price was up 0.10% to $89.93 per barrel due to growing tension in between Russia and Ukraine. Likewise, recent tension has also pushed gold price higher, up by 0.05% to $1,899.40 a troy ounce.
Today’s Holiday Market Close
Time Market Event
N/A
Today’s Highlight Events
Time Market Event
N/A
Today’s Highlight Economic Data
| Time | Nation & Data | Previous | Forecast | Actual |
| 14:00 | GBP – Retail Sales (MoM) (Jan) | -3.7% | 1.0% | – |
| 21:30 | CAD – Core Retail Sales (MoM) (Dec) | 1.1% | -2.0% | – |
| 23:00 | USD – Existing Home Sales (Jan) | 6.18M | 6.10M | – |
Technical Analysis
DOLLAR_INDX, Daily: Dollar index was traded lower following prior retracement from higher levels. MACD which illustrate bearish signal suggests the index to be traded lower in short-term.
Resistance level: 95.80, 96.60
Support level: 94.75, 93.55
GBPUSD, H4: GBPUSD was traded lower following prior retracement from higher level. MACD which illustrate diminished bullish signal suggests the pair to be traded lower in short-term.
Resistance level: 1.3630, 1.3690
Support level: 1.3570, 1.3510
EURUSD, H4: EURUSD was traded lower following prior retracement from higher level. MACD which illustrate diminished bullish signal suggests the pair to be traded lower in short-term.
Resistance level: 1.1390, 1.1440
Support level: 1.1340, 1.1270
USDJPY, Daily: USDJPY was traded lower following prior retracement from higher level. MACD which illustrate bearish momentum suggests the pair to be traded lower in short-term.
Resistance level: 115.40, 116.25
Support level: 114.55, 113.50
AUDUSD, H4: AUDUSD was traded lower following prior retracement from higher level. MACD which illustrate diminished bullish signal suggests the pair to be traded lower in short-term.
Resistance level: 0.7225, 0.7270
Support level: 0.7180, 0.7140
NZDUSD, H4: NZDUSD was traded lower following prior retracement from higher levels. MACD which illustrate diminished bullish signal suggests the pair to be traded lower in short-term.
Resistance level: 0.6710, 0.6745
Support level: 0.6670, 0.6635
USDCAD, H4: USDCAD was traded higher following prior rebound from lower levels. MACD which illustrate bullish momentum suggests the pair to be traded higher in short-term.
Resistance level: 1.2715, 1.2785
Support level: 1.2660, 1.2600
USDCHF, H4: USDCHF was traded higher following prior rebound from lower levels. MACD which illustrate diminished bearish signal suggests the pair to be traded higher in short-term.
Resistance level: 0.9210, 0.9230
Support level: 0.9190, 0.9165
CrudeOIL, H4: Crude oil price was traded lower following prior retracement from higher levels. MACD which illustrate bearish signal suggests its price to be traded lower in short-term.
Resistance level: 91.00, 93.15
Support level: 88.95, 86.95
GOLD_, H4: Gold price was traded higher following prior rebound from lower levels. MACD which illustrate bullish signal suggests its price to be traded higher in short-term.
Resistance level: 1909.70, 1924.15
Support level: 1889.75, 1875.10