London Edition: Gold slips, Bitcoin falls, Fed holds

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

Gold is lower today, but still higher across the week.

The Fed's rate decision is out, and the dollar is steady.

Bitcoin is down, and the smaller coins are down more.

The Bank of Canada raised its key interest rate.

First, currencies. Euro-dollar is a little lower, down 0.11 percent. The pound is also a touch weaker, down 0.07 percent. Dollar-yen is flat, up 0.04 percent. The dollar is holding its ground.

Our number of the day: 108 percent. That's how much of a normal day's range XRP has already covered.

Gold is at 4,041 dollars, down 0.63 percent since yesterday's close. Across the week it is still up 0.98 percent. The daily trend is down, and sellers are in control. The four-hour structure has turned up, so the two timeframes disagree. The Wall Street Journal reported gold futures had picked up as oil prices pulled back. Today's US growth and inflation data are the next test for the metal.

Bitcoin is at 80,351 dollars, down 1.11 percent today. Over the past seven days it is almost flat, down 0.09 percent. Ethereum is down 1.22 percent, and Solana has fallen 1.90 percent. The Financial Times reports Israel's central bank rejected a plan by Benjamin Netanyahu to use crypto to evade sanctions. That is a market-structure story for crypto. The Federal Reserve held rates steady yesterday.

The key numbers today are US advance GDP and core PCE inflation, both at 8:30 New York time. The European Central Bank decision follows at 9:15.

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