03 July 2023 – 09:10 Central Euro Time

The EuroCurrencies are the BEGOS Markets’ weak links to start the week, both the Euro itself and Swiss Franc at present below today’s Neutral Zone. The balance of the bunch are within same, and volatility is light-to-moderate. Despite Gold’s ongoing weekly parabolic Short trend, price has initially bounced precisely from our downside target (1893 by spot) as described in The Gold Update; too by Market Trends, Gold’s “Baby Blues” are (in real-time) giving the earliest suggestion of bottoming; and by Market Values, price (also in real-time) is -58 points below its smooth valuation line. The Econ Baro looks to June’s ISM(Mfg) Index and May’s Construction Spending. The Spoo’s session is abbreviated ahead of tomorrow’s StateSide holiday.