Gold slips, oil firm, Bitcoin steady before US CPI

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

Gold is lower, and the market is waiting for US inflation numbers.

The Wall Street Journal reports oil prices rebounding amid Middle East supply risks.

Bitcoin is steady, as US regulators move toward new crypto rules.

The dollar is mixed, and the next big test is US inflation.

First, currencies. The dollar is mixed before US inflation data. Euro-dollar is a touch lower, down 0.08 percent. The pound is a little firmer, up 0.07 percent. Dollar-yen is up 0.09 percent. The Aussie dollar is the biggest mover, up 0.41 percent.

Our number of the day: 4.5 percent. That's how far US crude oil has risen this week.

Gold is down 0.27 percent today, at 4,144 dollars, and down 1.12 percent this week. The daily trend is down, with a trend forming and sellers slightly ahead. The four-hour structure is also down. Traders are watching today's US consumer inflation report, a key test for the dollar and for gold. Reuters reports the dollar is soft as focus turns to inflation and Federal Reserve speakers.

Bitcoin is up 0.22 percent today, at 83,276 dollars, but down 0.49 percent this week. The daily structure points lower, with sellers in control. Reports say the SEC is moving toward a new framework for digital asset offerings. The inflation numbers later today matter for Bitcoin and Ethereum too.

The key number today is US consumer inflation at 8:30 New York time. Core CPI is forecast at 0.2 percent month on month. Later this week brings Australian jobs data and UK GDP.

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

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