26 October 2023 – 09:03 Central Euro Time

At present we’ve the Metals Triumvirate higher and the EuroCurrencies lower. Notably for the second straight session (to this point), both Gold and the Dollar are gaining, (“Gold plays no currency favourites”). The Spoo continues to work lower: as we’ve (yet) to see “fear” in the S&P’s MoneyFlow, (when otherwise Flow falls at a faster rate than the Index itself), this feels mildly reminiscent of the old so-called “Gentlemen’s Crash”, although hardly has price fallen nearly to any crash proportion. These next two days have key incoming metrics for the Econ Baro ahead of next Wednesday’s FOMC Policy Statement: today we await the first peek at Q3’s GDP, along with other reports including September’s Durable Orders and Pending Home Sales.