Oil tumbled over 3% on Tuesday, retreating from a seven-year high after Russia said some of its military units were returning to their bases following exercises near Ukraine, a move that appeared to de-escalate tension between Moscow and the West.It was not clear how many units were being withdrawn, and …

As per the latest Reuters Tankan poll, published early Wednesday morning in Asia, “Japanese manufacturers’ business confidence fell to an 11-month low in February as measures to contain the pandemic and high raw material costs hurt sentiment”, while USD/JPY remains sidelined around 115.60, after mildly positive performances in the last …

The US dollar was down slightly on Tuesday as investors absorbed the latest news on the Russia-Ukraine standoff, with the dollar index briefly paring some of its losses late in the day after President Joe Biden said that a Russian attack on Ukraine remains a possibility.Biden, in nationally televised remarks, …

The cost of living has already become very high in America. The Russia-Ukraine crisis could even make it worse and worse. Oil prices have jumped above $90 a barrel in recent weeks as the risk of a Russian invasion has increased.If the Russia-Ukraine crisis drives oil to about $110 a …

European Central Bank executive board member Isabel Schnabel said on Tuesday, in an interview with the FT, that the bank must consider the “unprecedented” rise in house prices when it comes to assessing inflation and deciding on how fast monetary policy settings should be tightened. The FT framed her comments …

President Joe Biden on Tuesday acknowledged the likelihood that US and allied sanctions on Russia in retaliation for an invasion of Ukraine would have significant blowback on the American economy, including possible price hikes and disruption to the nation’s energy supply.“The American people understand that defending democracy and liberty is …

Producer price index jumps 1% in January. Wholesale prices of most goods and services, including beef, have risen sharply in the past year to drive the biggest increase in inflation in decades. US wholesale prices jumped 1% in January and showed there’s still plenty of inflation engulfing an economy facing …

With major events ahead of the markets, the focus would shift to global markets and earnings for cues. On the macro front, traders are digesting Monday’s IIP data, both CPI Inflation and WPI inflation are also being analyzed along with the latest earnings reports. After the reaction to US’s hot …

Russian President Vladimir Putin said on Tuesday that he is not satisfied with assurances that Ukraine will not become a NATO member in the near future, wants the issue to be settled right now or soon through a negotiating process, reported the Washington Post. Markets have not reacted to the …

The gold price index plunges $20 during the North American session as Russia-Ukraine crisis eases and investors move from the non-yielding metals towards riskier assets. XAU/USD is trading at $1849.25.As portrayed by European and US equities rise, the market sentiment remains positive, as easter Europe tension abate some after German …