07 March 2023 – 09:22 Central Euro Time

‘Tis again a quiet start for the BEGOS Markets: Only Copper at present is outside (below) its Neutral Zone for today, and volatility remains light. Contract trading volume yesterday across the components was notably low. At Market Trends, the “Baby Blues” for both the Swiss Franc and the Spoo moved above their respective -80% axes, suggestive of higher price levels near-term; indeed the Blues are rising across all eight of the BEGOS components in concert with the Dollar perhaps losing some near-term ground as noted in the current edition of The Gold Update. For the Econ Baro today we’ve January’s Wholesale Inventories and Consumer Credit. And FedChair Powell begins his two-day Humphrey-Hawkins Testimony.