Gold eases ahead of the Fed as the dollar holds firm

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

Gold is around four thousand and fifty dollars as traders await the Fed.

The Fed is expected to hold rates steady despite elevated inflation.

The Wall Street Journal reports the euro near a seventeen-month low against the dollar.

Bitcoin holds above eighty thousand dollars as the Fed meeting approaches.

First, currencies. Euro-dollar is flat, the pound is down 0.16 percent, and dollar-yen is little changed. The Kiwi dollar has dropped 1.44 percent, the biggest currency move today. The dollar is steady as traders wait for the Fed.

Our number of the day: 252 percent. That's how much of a normal day's range Kiwi dollar has already covered.

Gold is down a quarter of one percent today, at 4,050 dollars. It is still up 1.19 percent this week. The daily trend is down, with sellers in control, while the four-hour structure is mixed. CNBC reports gold slipping on oil-fueled inflation fears ahead of the Fed meeting. Bloomberg reports gold holding above four thousand dollars as traders look to the Fed. Traders will watch the FOMC statement and the press conference for any change in guidance.

Bitcoin is up 0.94 percent today, at 81,477 dollars, and 1.31 percent this week. Ethereum has gained 1.29 percent. The daily structure is mixed, with no clear trend, and the four-hour picture is up. Investing.com reports Bitcoin up even as risk sentiment and oil slipped, with a pause in Strategy's buying and Fed caution weighing. Traders will watch today's Fed decision.

The key events today are the UK budget at 8:30 New York time, the Bank of Canada decision at 9:45, and the Fed at two in the afternoon New York time.

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