Gold slips, oil rises as Middle East risks persist

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

Oil is higher as Middle East risks persist, newsrooms report.

Gold is lower, and traders are watching the week's losses build.

UK unemployment fell and jobs rebounded, keeping rate-hike bets alive.

Bitcoin is lower while the crypto rule debate keeps running.

First, currencies. Euro-dollar is little changed, up 0.03 percent. The pound has firmed 0.29 percent. Dollar-yen has slipped 0.24 percent. The dollar is mixed against the majors, softer against the pound and the yen.

Our number of the day: 107 percent. That's how much of a normal day's range euro-pound has already covered.

Gold is lower. It has slipped 0.44 percent since yesterday's close, and it is down 1.69 percent this week. The daily structure is mixed and ranging, with a strong trend, and sellers are in control. The four-hour structure is also mixed. Reuters reports that the ECB has warned Iran war fallout is amplifying Europe's financial vulnerabilities. CNBC reports that Brent crude is holding near a five-month high, with Middle East tension in focus. Separately, German producer prices rose more than expected in September, ForexLive reports.

Crypto now. Bitcoin is down 0.36 percent today, and 0.57 percent this week. Ethereum has fallen further, down 0.64 percent today. The daily structure for Bitcoin is down, with no clear trend. News wires report that the US securities regulator has closed the comment period on a crypto rule proposal, drawing 140 submissions. The industry is optimistic, but legal concerns remain. That debate is the one to follow.

The key event still to come is UK inflation tomorrow at 06:00 GMT, with the Bank of England governor speaking later in the day.

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

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