04 November 2022 – 09:20 Central Euro Time

The Bond, Euro and Spoo all are trading at present within their respective Neutral Zones for today; the balance of the BEGOS Markets are above same, and volatility is already moderate-to-robust ahead of October’s StateSide Payrolls for the Econ Baro, with Copper having traded 114% of its EDTR (see Market Ranges). Copper’s trade month-over-month has been quite choppy with a mild upside bias: this make some sense given the red metal being a leading economic indicator that we’ve also the Econ Baro being on the upside throughout. By Copper’s Market Profile, trading resistance (just above the current 3.5160 level) shows at 3.54, with supports at both 3.47 and 3.43. The Dollar had quite a firm session yesterday, the Euro in turn triggering a Short signal by its daily MACD, (see Market Rhythms).