London Edition: Gold Steadies, Oil Slides, Fed in Focus

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

Gold steadies after last week's fall, with the Fed meeting in focus.

Crude oil slides as traders weigh attack risks.

Kevin Warsh is confirmed as Fed chair, a new era for the central bank.

The US securities regulator proposes long-awaited rules for crypto.

First, currencies. Euro-dollar is up 0.17 percent and the pound is little changed, up 0.05 percent. Dollar-yen has edged up 0.14 percent. The dollar is steady against most majors as markets wait for this week's central bank decisions.

Gold is up 0.50 percent since yesterday's close, at 4,014 dollars, and up 0.30 percent this week. The daily structure is mixed or ranging, with sellers in control, and the four-hour structure points lower. The last daily close came below a swing low two days ago. Bloomberg reports gold is steadying after a weekly drop, with attention turning to the Fed meeting. Analysts expect the Fed to hold rates steady at its coming meeting, reports say. Traders will watch that decision.

Bitcoin is down 0.34 percent at 80,145 dollars, and down 0.35 percent this week. Ethereum has fallen 0.84 percent. Reuters reports a landmark step for digital assets: new rules for crypto have been put forward by the US markets watchdog. A US banking regulator is targeting end-October for stablecoin rules, StreetInsider reports. Traders will watch how markets digest those proposals in the sessions ahead.

There are no high-impact economic events on the calendar for today.

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