Sentiment Remains Fragile and Sensitive to Ukraine Situation, Aussie Shrugs Mixed Job Data
Action Insight Daily Report 2-17-22

Sentiment Remains Fragile and Sensitive to Ukraine Situation, Aussie Shrugs Mixed Job Data

Australian Dollar rises mildly in Asian session, together with New Zealand Dollar. But both were hammed down after a Russian media reported that Ukraine forces opened fire on four settlements of the LPR. Overall market sentiment remains rather fragile and ultra-sentiment. Dollar and Yen are both picking up some buying while European majors are mixed.

Technically, Gold's retreat from 1879.24 was rather shallow and contained well above rising 4 hour 55 EMA so far. This keeps near term bullish bias intact. Focus could soon be back on 1879.24 temporary top. Break there will resume recent rally to 1916.30 resistance. If happens, that could also come with another down leg in Dollar.

In Asia, at the time of writing, Nikkei is down -0.14%. Hong Kong HSI is up 0.30%. China Shanghai SSE is up 0.35%. Singapore Strait Times is up 0.40%. Japan 10-year JGB yield is up 0.0014 at 0.223. Overnight, DOW dropped -0.16%. S&P 500 rose 0.09%. NASDAQ dropped -0.11%. 10-year yield rose 0.002 to 2.047.

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Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol

AUD/USD Daily Report

Daily Pivots: (S1) 0.7158; (P) 0.7182; (R1) 0.7219; More...

AUD/USD is still staying in range below 0.7247 and intraday bias remains neutral for the moment. Further rise would remain mildly in favor as long as 0.7050 support holds. Above 0.7247 will target 0.7313 resistance. Decisive break there argue that correction from 0.8006 has completed at 0.6966, after hitting 0.6991 key support. Outlook will be turned bullish for 0.7555 resistance next. On the downside, however, break of 0.7050 support will bring retest of 0.6966 low instead.

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EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD

EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY

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Economic Calendar
GMT Ccy Events Actual Forecast Previous Revised
23:50 JPY Trade Balance (JPY) Jan -0.93T -0.46T -0.44T -0.55T
23:50 JPY Machinery Orders M/M Dec 3.60% -1.80% 3.40%
00:30 AUD Employment Change Jan 12.9K 0.0K 64.8K
00:30 AUD Unemployment Rate Jan 4.20% 4.20% 4.20%
07:00 CHF Trade Balance (CHF) Jan 4.23B 3.69B
09:00 EUR ECB Economic Bulletin
13:30 USD Housing Starts Jan 1.70M 1.70M
13:30 USD Building Permits Jan 1.79M 1.87M
13:30 USD Initial Jobless Claims (Feb 11) 219K 223K
13:30 USD Philadelphia Fed Manufacturing Survey Feb 21 23.2
15:30 USD Natural Gas Storage -203B -222B