07 May 2024 – 08:35 Central Euro Time

Both the Swiss Franc and Silver are currently below today’s Neutral Zones; the balance of the BEGOS Markets are within same, and volatility is light. We’re minding the Euro, as Friday (by Market Values) the currency confirmed a positive crossover of price above its smooth valuation line: the average follow-through of such crossings from a year ago-to-date is some 0.019 points, which from Friday’s settle at 1.07815 “suggests” the Euro reaching up toward the 1.10s; (the Euro is at present 1.07745); obviously “average” hardly is forward reality, however as “Fed rate cut” expectations are renewing, that has taken some puff out of the Dollar. Late in today’s session the Econ Baro looks to March’s Consumer Credit.