Sentiment took a nosedive yesterday from the latest news around Ukraine and investors remain on edge as they monitor the news.
Russian President Putin recognized two separatist territories on Eastern Ukraine yesterday, Donetsk and Lugansk . As per Interfax, the relevant decrees state that Russian armed forces will perform "peacekeeping functions in the Donetsk People's Republic" 
Western countries condemned the decision, with the White House saying that it "contradicts Russia's commitments under the Minsk agreements". US President Biden already announced sanctions against these territories  and US Ambassador to UN, Linda Thomas-Greenfield talked of further measures on Tuesday, to "hold Russia accountable for this clear violation of international law and Ukraine's sovereignty and territorial integrity" .
Fed's Ms Bowman (voter) said on Monday that she "will be watching the data closely to judge the appropriate size of an increase at the March meeting" and that she supports "prompt and decisive action" to bring inflation down. 
On the Covid-19 front, UK PM Johnson announced yesterday that all remaining domestic restrictions in law in England will be removed, from this Thursday. .
Banking giant HSBC reported Profit before tax of $18.9bn in 2021, from $8.777 in the prior year and announced a new share buy-back of up to $1bn. CEO Noel Quinn, commented that "All of our regions were profitable and we saw growth in the fourth quarter of 2021 in many of our business lines". .
Australian retailer Coles Group announced a 1% rise in 1H FY2022 Revenue, to $A 20.593 billion, although Net Profit after tax (NPAT) dropped 2%, to A$549 million. The firm declared a A$33 cents/share interim dividend .Markets seemed to like the results, as COL.au surged more than 3% today. Rival supermarket chain Woolworths, releases its financial results on Wednesday.
Main Asia-Pacific stock markets plunged on fresh Ukraine jitters, European futures are cautious and US10YT Yields extend drop.
In the FX space, things appear calmer, with safe-havens Japanese Yen and US Dollar mixed, while Antipodeans (AUD, NZD) were upbeat against both.
EUR/USD is soft around 1.1300.
GBP/USD is tepid below 1.3600.
USD/JPY is soft, but defends 114.50
USD/CAD shows indecision around 1.2750.
AUD/USD is upbeat and retests 0.7200.
NZD/USD is on the front foot above 0.6700.
GER30 extends yesterday's plunge and tests 14,400.
US30 is downbeat, trying to hold 33,600.
USOIL is cautious below $94.00.
XAU/USD trades with positive undertone and eying June 2021 highs (1,916).
Economic Calendar Picks (GMT)
Germany's IFO Business Climate (09:00) and preliminary PMIs from the US (14:45), stand out from today's relatively light economic calendar.
Tuesday starts with the monetary policy decision by the Reserve Bank of New Zealand (01:00), which has already delivered two rate hikes in the last meetings.
See the economic calendar here.
Senior Market Specialist
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.
With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.
Retrieved 22 Feb 2022 http://en.kremlin.ru/events/president/news/67829
Retrieved 22 Feb 2022 https://interfax.com/newsroom/top-stories/73940/
Retrieved 22 Feb 2022 https://www.whitehouse.gov/briefing-room/statements-releases/2022/02/21/fact-sheet-executive-order-to-impose-costs-for-president-putins-action-to-recognize-so-called-donetsk-and-luhansk-peoples-republics/
Retrieved 22 Feb 2022 https://www.federalreserve.gov/newsevents/speech/bowman20220221a.htm
Retrieved 01 Jul 2022 https://www.colesgroup.com.au/investors/