Gold heads for a steep weekly loss, Reuters reports

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

Gold is heading for a steep weekly loss.

The Wall Street Journal reports oil at five-month highs, though futures have since pulled back.

Treasury yields have fallen sharply as investors look for safety.

Bitcoin is steadying after a bout of risk-off selling.

First, currencies. Euro-dollar is down 0.13 percent, and the pound is also down 0.13 percent. Dollar-yen has slipped 0.05 percent. The dollar is firmer against most majors; dollar-Swiss franc is up 0.31 percent.

Our number of the day: 6.1 percent. That's how far XRP has risen this week.

Gold is little changed today at 4,024 dollars, but it has fallen 3.35 percent this week. Reuters reports gold is heading for a steep weekly loss. The daily structure is mixed, with a trend forming and sellers slightly ahead. The four-hour structure is down. Traders will watch today's US flash PMIs and the Michigan consumer survey for the next signal.

Bitcoin is up 0.72 percent today at 81,787 dollars, and up 1.10 percent this week. Ethereum has gained 1.05 percent. On the longer view there is no clear trend, and the four-hour picture is mixed too. InvestingLive reported Bitcoin followed risk-off flows and selling in the previous session. Traders will watch how it holds around its recent turning points.

The key numbers today are the US flash PMIs at 9:45 New York time, followed by the consumer sentiment survey at 10:00.

Finally, at the time of this recording, our live barometer showed: euro-dollar leans bearish, pound-dollar reads neutral, and dollar-yen 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.