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EUR/USD stays defensive near 1.0550 in Monday’s European session. The pair remains undermined by the re-emergence of the Russia-Ukraine geopolitical risks even though the US Dollar stalls its uptrend. Divergent ECB-Fed policy outlooks also weigh on the pair ahead of central banks' talks.

GBP/USD defends minor bids above 1.2600 in the early European session on Monday. A broadly subdued US Dollar and less dovish BoE policy outlook support the pair amid cautious market mood, induced by resurfacing Russia-Ukraine conflict. BoE- and Fed-speak eyed. 

Gold price (XAU/USD) struggles to capitalize on its modest intraday gains to the $2,600 neighborhood, though it manages to hold in positive territory through the early part of the European session on Monday. 

Bitcoin (BTC) price remains in a consolidation phase after reaching a new all-time high of $93,265 last week. Ethereum's (ETH)  price is nearing its support level; a close below would cause a further price decline, while Ripple's (XRP) price shows bullish momentum as it tests and potentially breaks key resistance.

With the dust from the US elections slowly settling down, the week is about to reach its end and we have a look at what next week’s calendar has in store for the markets. On the monetary front, a number of policymakers from various central banks are scheduled to speak.

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