18 January 2023 – 09:18 Central Euro Time

Although not yet an official BEGOS Markets’ component, the Yen is taking a fairly severe hit this morning, the BOJ standing pat on it yield curve. Otherwise at present, the Bond, Euro, Swiss Franc, Silver and Copper all are above their respective Neutral Zones for today; volatility is firmly moderate. By Market Trends, all 8 components are now in linear regression uptrends, reflective to some degree of “money coming into everything” (save for the Dollar) to start the year. Oil’s cac volume has moved from Feb into Mar. And a good number of metrics are due today for the Econ Baro, including January’s NAHB Index, December’s PPI, Retail Sales, IndProd/CapUtil, and November’s Business Inventories. Late in the session comes the Fed’s Tan Tome.