Feb 22 will not see much volatility in the markets, Market's may remain range bound on this day ,
We shall see improvements in the markets on the 23rd of Feb, 14:30 IST , Following the data releases for the current assessment- IFO (Germany) and BBA Mortgage approvals showing positive results.
and with the consumer confidence deteriorating in the United States which will result in weakening of the Greenback. The US data seems to be weak on this day depending on the Richmond Fed manufacturing index. The survey including information on shipments, new orders, order backlogs, and inventories conducted by Federal Reserve Bank of Richmond provides information on current activity in the manufacturing sector (mailing 220 business organizations). The industry inflation can been seen from the survey. The survey could show positive results to support the US Dollar.

We also have the crude oil inventories at Previous -0.63 M from 4.72 M on the 2nd of Feb, This would have a big impact on the US Dollar, This report indicates the oil demand and the price volatility. As the oil prices have an impact on worldwide economy, some volatility for the currencies is expected