27 January 2025 – 08:46 Central Euro Time

Save for the Bond (at present above today’s Neutral Zone), “red” is the watchword to begin the week for the seven other BEGOS Markets, all (save for Oil) at present below their respective Neutral Zones; of note, Silver, Copper and the Spoo are all down better than -1%. Session volatility is firmly moderate. The Gold Update highlights price’s weekly parabolic trend having flipped from Short-to-Long, whilst citing three key levels for which to watch: 2802 (the next All-Time High), 3000 (as a “milestone”), and then — however not necessarily on this Long run — 3262 as our forecast high for this year (see 04 January’s edition). By Market Values, the Spoo in real-time has provisionally crossed beneath its smooth valuation line: if confirmed by close, we’d anticipate the Spoo revisiting at least the 5900s, (which obviously is but within a day’s trade from here, distance-wise). ‘Tis a key data week for the Econ Baro: mind inflationary readings from both Q4 GDP (Thursday) and the December’s PCE (Friday); today brings December’s New Home Sales.