London Edition: Gold slips, AI rout deepens, payrolls ahead

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

Gold gives back part of its weekly gain, and traders are watching US jobs data.

The global selloff in AI and tech shares widens into a new session.

Crude is little changed today after a sharp weekly drop.

Bitcoin holds near recent lows after a wave of forced selling.

First, currencies. The dollar is firm. Euro-dollar is down 0.19 percent, the pound down 0.16. Dollar-yen is up 0.13. The Aussie dollar is the weakest major, down 0.56 percent, and down 1.84 percent this week.

Our number of the day: 11.1 percent. That's how far US crude oil has fallen this week.

Gold is the biggest mover on the board. It is down 1.20 percent today, at 4,039 dollars. Even so, it is up 3.98 percent this week. The daily trend is down, and the four-hour structure has turned up. Reuters reports gold is easing on inflation worries. CNBC reports renewed US-Iran tension is a risk for oil. Traders now watch the US jobs report and the consumer survey.

Crypto now. Bitcoin is at 75,458 dollars, down 0.44 percent today and 3.03 percent this week. Ethereum is down 0.18 percent. The Block reports Bitcoin has given up its post-election gains. Separately, a Wall Street selloff set off more than a billion dollars of forced selling across crypto. The daily structure is down, and the last close was below a swing low. Traders will watch whether buyers return near these levels.

The key numbers today are the US and Canadian jobs reports at 8:30 New York time. Later, the US consumer survey at 10:00.

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