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Forex Fundamental Analysis-21/02/2022


  • General mood is “risk off”
  • Japanese Flash Manufacturing PMI weaker at 52.9 (E: 55.0)
  • U.S. Holiday tonight for President’s Day

What’s Moving

Gold caught a strong bid out of the chute this morning as GLOBEX opened, with talk being of buying gold related to the ongoing Ukrainian issues.

Forex markets held tight ranges in Asia today, with the market waiting on a clear movement from Russia near the Ukrainian border. Players were also sidelined today ahead of the U.S. holiday tonight.

Data for tonight includes:

  • German PPI (E: 1.6%)
  • French Flash Services (E: 54.0) and Manufacturing (E: 55.5) PPI
  • German Flash Services (E: 53.2) and Manufacturing (E: 59.6) PPI
  • Euro-zone Flash Services (E: 52.3) and Manufacturing (E: 58.9) PPI
  • U.K. Flash Services (E: 55.6) and Manufacturing (E: 57.2) PPI


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