EUR/USD records a positive start above 1.0900 amid risk-on impulse, Fed policy eyed.

EUR/USD opens modest positive amid the positive sentiment in the market.The shared currency has dumped heavily on geopolitical tensions between Russia and Ukraine.The mega event of the Fed’s monetary policy will hold the nerves of investors.

The EUR/USD pair has witnessed a modestly positive opening on Monday amid a positive tone in the market as investors have digested the worst-case scenarios from the Russia-Ukraine war and risk-perceived currencies may get significant bids on value-buying.

The shared currency has remained most vulnerable to geopolitical tensions between the Kremlin and Kyiv. The Ukraine crisis has posed a threat of stagflation in the European economy. A rise in the oil prices has triggered the prices of food products and metals while the economic activities may get hurt on supply chain bottlenecks going forward.

AUD/USD sold off at 0.7300, as risk sentiment turns sourAUD/USD is extending losses to test 0.7250 after facing rejection at 0.7300. The risk sentiment has turned sour on falling Chinese stocks due to the coronavirus resurgence in the country. Concerns over the Russia-Ukraine war loom while traders turn cautious ahead of the Fed rate hike. 

AUD/USD News 

Gold drops half a percent to $1,970 on cautious optimism over Ukraine crisis

Gold extends Friday’s downbeat performance as sellers attack $1,970 during the initial hours of Monday’s Asian session.The yellow metal’s recent losses could be linked to the increased hopes of a Ukraine-Russia ceasefire, as well as easing differences between the US and China.

Gold News 

EUR/USD: Bears retake control below 1.0980 resistance confluence.EUR/USD reverses the early Asian session gains while taking offers around 1.0915 by the press time on Monday. The major currency pair remains below a convergence of the nearby descending trend line and 50-SMA amid bearish MACD signals.

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