Gold rebounds, Bitcoin slides before New York open

Welcome to Venor News, New York Edition. I'm Gracy Skai.

Gold climbs back as traders weigh the Federal Reserve's next move.

Bitcoin slips toward eighty-one thousand dollars as inflation worries hit crypto.

Global tech stocks are falling again before the New York open.

Oil is holding near its recent highs as Middle East shipping attacks continue.

First, currencies. The dollar is softer today. Euro-dollar is up 0.16 percent, the pound is up 0.19 percent, and dollar-yen is down 0.16 percent. The Aussie dollar is the weakest major, down 0.87 percent.

Our number of the day: 6.6 percent. That's how far Ethereum has fallen this week.

Gold is up about one percent today, at 4,155 dollars, but it is still down 0.84 percent this week. The daily structure is mixed with a trend forming and sellers slightly ahead, and the four-hour structure is down. Reuters reports US inflation worries are not over and a Fed rate hike this month is back on the table. Bloomberg reports the Treasury haven trade bounced back as stocks sank. The Financial Times reports investors predict a new record price for gold within two years.

Bitcoin is down 0.68 percent today, at 81,051 dollars, and it has lost 3.15 percent since Monday. The trend on the daily chart points lower, with sellers slightly ahead. Investing.com reports Bitcoin fell as inflation worries spurred rate-hike bets.

US producer prices and retail sales are due at 8:30 New York time.

Finally, the Session's Briefing barometer for the London session: Bitcoin is clearly bearish, pound-dollar leans bearish, and dollar-yen leans bullish. For live updates through the day, watch Market Pulse on our website.

That's all from Venor News. Goodbye, and happy trading.