Gold slips before US inflation data; Fed holds rates

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

The Wall Street Journal reports gold is lower as investors assess Fed signals and await inflation data.

The Federal Reserve held rates steady and gave little hint of what comes next.

Reports say Washington is in talks for a temporary peace deal with Iran.

Reports say investors are turning their attention to Big Tech earnings.

First, currencies. Euro-dollar is down 0.11 percent, the pound is down 0.06 percent, and dollar-yen is up 0.08 percent. The Aussie dollar is down 0.29 percent. Traders are waiting for US data and a rate decision from Frankfurt.

Our number of the day: 108 percent. That's how much of a normal day's range XRP has already covered.

Gold is down 0.83 percent today, at 4,033 dollars. It is still up 0.78 percent this week. The daily trend is down, with sellers in control. The four-hour structure has turned up, so the two timeframes disagree. The Wall Street Journal reports gold is lower as investors assess Fed signals and wait for inflation data. Traders are watching today's core PCE inflation number and the advance GDP reading. The European Central Bank's decision is also due today.

Bitcoin is down 1.40 percent today, at 80,119 dollars, and down 0.38 percent this week. Ethereum is weaker still, down 1.60 percent. The daily structure is mixed with no clear trend, while the four-hour structure is up. CoinGape reports Brazil's largest private bank, Itaú Unibanco, is the first bank to formally register crypto trading and custody services.

The key numbers today are US advance GDP and core PCE inflation, both at 8:30 New York time. The European Central Bank decision follows at 9:15.

Finally, at the time of this recording, our live barometer showed: pound-dollar leans bearish, gold leans bearish, and euro-dollar reads neutral. For short-term sentiment, watch Market Pulse on our website. And our Session's Briefing goes out before every session on our Telegram channel, Venor Analysis. Scan the code on your screen to join.

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