Both the Euro and Swiss Franc are presently below their respective Neutral Zones for today; the balance of the BEGOS Markets are within same, and volatility is light. EDTR (see Market Ranges) tracings to this moment range from 47% for the Swiss Franc down to just 10% for Copper. Amongst the five primary BEGOS components, the best correlation currently is positive between the Bond and Gold: per their Market Rhythms on a 10-test basis, the Bond’s best for pure swing consistency is presently the 12hr MACD, whilst for Gold ’tis the 30mn MACD; and by Market Values, both the Bond and Gold are above their smooth valuation lines. The Econ Baro looks to July’s ISM(Svc) Index, plus June’s Trade Deficit.