Gold rises as the dollar softens; Bitcoin heads for a second weekly loss

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

The Wall Street Journal reports gold rising on a softer dollar.

The Fed chairman gave no signal on the next rate move.

US crude has slipped today but is still up this week.

Bitcoin is lower again, heading for a second weekly loss.

First, currencies. The dollar is softer. Euro-dollar is up 0.46 percent, the pound has gained 0.54 percent, and dollar-yen has slipped 0.18 percent. The Kiwi dollar is the biggest mover, up 0.94 percent.

Our number of the day: 6.1 percent. That's how far US crude oil has risen this week.

Gold is up 0.62 percent today, trading at 4,182 dollars. But since Monday, gold is still down 0.21 percent, so this week's loss is not gone. The daily structure is mixed and the four-hour structure is down. Separately, Reuters reports Fed Chairman Warsh voiced optimism about US economic strength, and surprise at how well the global economy has held up. He gave no hint on the rate path.

Bitcoin is down 0.33 percent today, near 81,890 dollars, and down 2.15 percent this week. Investing.com reports Bitcoin is set for a second week in the red. Ethereum is up 0.43 percent today, though still down 3.33 percent this week. The daily and four-hour structures for Bitcoin are both down.

One event stands out tomorrow: Bank of England Governor Bailey speaks at 02:45 New York time.

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

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