ForexLive Asia FX news wrap: Ukraine news continued – stocks slammed

How we got here – Monday America’s wrap leading into Tuesday Asia session:



The lead in to the Asia session
was a US & Canada “holiday” jam-packed with geo-political

As that session drew to a close
there was no let up in Eastern European developments, notably reports
of Russian military movements into Ukraine along with responses
Ukraine and

Western nations (see bullets above,
but in a nutshell sanctions are being drawn up and a United Nations
Security Council meeting was called – and is presently underway,
albeit in a small break as I post).

assets slipped, US equity index futures were slammed lower upon the
Globex reopen (& regional equities lower here as they began
trade). Across FX there were losses for currencies against the USD
and yen. A quick scan across your charts, though, will show it was
not one-way FX traffic with bounces for AUD and NZD before renewed
subsidence (not approaching the earlier lows though). EUR and GBP are
near their session lows as I post.

surged. Oil is not a lot changed on net after a move up that has
retraced somewhat.

will bring the announcement of sanctions on Russia from Western
allied nations. It remains to be seen how harsh these will be, an
official out of the US said earlier that Russian military moves do
not necessarily constitute a new invasion (see bullets above) and
thus a full suite of sanctions is not yet justified. We’ll see.

lost ground. Bitcoin has hit lows under US$36,500.

AUD/JPY as the FX risk barometer:

audyen chart 22 February 2022 22


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