London Edition: Gold steady, Bitcoin flat as regulators move

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

Gold steadies after a week of losses, with traders watching the Fed.

Bitcoin steadies as the Fed proposes new stablecoin rules.

The dollar drifts as traders wait for direction on rates.

US crude is up 0.59 percent near 100 dollars. Reuters reports Brent is near a five-month high on Middle East tension.

First, currencies. Euro-dollar is up 0.2 percent, the pound also up 0.2 percent, and dollar-yen down 0.2 percent. The dollar is softer against most majors, with the Kiwi the biggest gainer against it.

Gold is little changed today at 4,132 dollars, and down 1.25 percent this week. The daily trend is mixed and ranging, with sellers in control, and the four-hour structure is also mixed. Reuters reports investors are assessing the Fed rate outlook. Traders will watch how the dollar and bond yields respond through the New York session.

Bitcoin is little changed at 81,946 dollars, and down 0.12 percent this week. The daily structure points lower, while the four-hour picture is mixed. Reuters reports the US Federal Reserve has proposed new stablecoin rules. Traders will watch how that regulatory picture develops.

The key number today is UK average earnings at 6:00 GMT, with UK inflation tomorrow at 6:00 GMT.

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

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