AUDUSD holds mild gains even as markets turn cautious ahead of key central bank meetings

Global markets appear dicey as traders await the all-important central bankers amid fears that the neutral rate is near. The risk profile appears somewhat blurred even as stock futures drop and the yields grind higher.

Headlines from China and Russia have been worrisome but the Aussie data helps AUDUSD to remain firmer ahead of Tuesdays RBA.

Prices of gold and crude oil remain pressured while those of other commodities grind lower amid fresh covid woes from China.

BTCUSD and ETHUSD extend Friday‘s losses despite cautious optimism over Ethereum’s Merge and Elon Musks complete takeover of Twitter.

Following are the latest moves of the key assets:

• Brent oil drops for the second consecutive day, down 1.5% to $94.80 at the latest.

• Gold prints a three-day downtrend as sellers poke $1,638 support by the press time.

• USD Index buyers cross 111.00 hurdle, up 0.42% intraday as we write.

• Wall Street closed positive as Dow Jones braced for the biggest monthly jump since 1976.

• BTCUSD and ETHUSD are both mildly offered around $20,500 and $1,580.