Gold edges up, crypto rules advance before New York open

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

Gold is higher today, but the metal is still below its recent high.

A US Senate committee has advanced a crypto bill, a milestone for the industry.

The Wall Street Journal reports oil fell more than 3 percent as Iran peace talks eased supply fears.

CNBC reports the dollar is rangebound ahead of Tuesday's midterms.

First, currencies. Euro-dollar is up 0.51 percent, the pound has edged up 0.21 percent, and dollar-yen is 0.28 percent higher. The dollar is mixed overall, and the franc is firmer against it.

Our number of the day: 163 percent. That's how much of a normal day's range euro-yen has already covered.

Gold is 0.56 percent higher on the day and up 0.32 percent this week. The daily trend is down, with sellers in control, and the daily close came below a swing low, which reads bearish. The four-hour structure is mixed. Traders are watching today's US manufacturing survey for a fresh read on growth, and Tuesday's Australian rate decision.

Bitcoin is little changed on the day and this week, at 77,946 dollars. Ethereum is up 1.19 percent. Reuters reports a Senate committee has moved a digital-asset bill forward. Separately, NBC News reports the Senate blocked a crypto regulation bill. Reuters also reports the US securities regulator has proposed long-awaited crypto rules. Traders will watch how the rules develop.

The key number today is the US ISM manufacturing survey at 10:00 New York time. Tomorrow, Australia's central bank decides on rates.

Finally, at the time of this recording, our live barometer showed: pound-dollar leans bearish, dollar-yen leans bullish, and US crude oil leans bearish. 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.