04 August 2025 – 08:20 Central Euro Time

The Bond, Euro and Swiss Franc are presently below today’s Neutral Zones, whilst above same is the Spoo; session volatility for the BEGOS Markets is moderate. The Gold Update reviews the recent turbulence within The Metals Triumvirate, plus assesses if the S&P 500 has at long last reached a significant turning point to substantively lower levels, albeit as noted the Spoo is rising thus far today even as its “Baby Blues” of trend consistency are in full plunge (see Market Trends); currently 6291, the Spoo’s Market Profile support is 6264 with major overhead volume-dominant resistors at 6345, 6371 and 6406. Two weeks remain in Q2 Earnings Season with year-over-year quarterly improvement just a tad below average. And ’tis a relatively quiet week for the Econ Baro, beginning today with June’s Factory Orders.