Investors are edgy after last week's risk aversion and the plunge in US stock markets, as they monitor Middle East and US-Russia tensions - with Wednesday's Fed monetary policy decision looming.
Fears over Ukraine continue to mount, with the US State Department ordering the departure from its embassy in Kyiv of all family members of US Government employees, while urging all US citizens currently in Ukraine to consider leaving. 
After last week's drone attacks, major oil producer United Arab Emirates, announced that it intercepted and destroyed two ballistic missiles targeting the country today, as per the Emirates News Agency 
Main Asia-Pacific stock markets were mostly down, while European futures try to react.
The US Dollar remains attractive and the JPY Basket is upbeat, whereas (AUD, NZD) are soft against the greenback.
EUR/USD retreats, having rejected 1.1350 during Friday's rebound.
GBP/USD is on the back foot and gives 1.3550 up.
USD/JPY trades with positive undertone, but rejects 114.00.
USD/CAD shows indecision below 1.2600.
AUD/USD extends its decline, probing 0.7150.
NZD/USD stays on the defensive, threatening the 2021 low (0.6700).
GER30 is cautious, testing 15,500 on the downside.
US30 rebounds above 34,400, following last week's slump
USOIL reclaims 85.50, helped by geopolitical tensions.
XAU/USD is on the offensive, eyeing 1,840.
Economic Calendar Picks (GMT)
It is PMI day today, with preliminary readings from Germany (08:30), Eurozone (09:00), UK (09:30) and USA (14:45).
Tuesday will begin with a focus on Australia's Q4 Consumer Price Index (00:30).
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 24 Jan 2022 https://www.state.gov/senior-state-department-officials-on-posture-of-u-s-embassy-kyiv/
Retrieved 19 May 2022 https://www.wam.ae/en/details/1395303014136