29 November 2024 – 08:48 Central Euro Time

The two-day abbreviated session for the BEGOS Markets continues with just the Swiss Franc at present outside (below) its Neutral Zone; volatility for the combined session is moderate. Of note from our Market Magnets page, those for both the Euro and Swiss Franc have been price penetrated to the upside, whilst for Gold to the downside: such penetrations are indicative of continued near-term direction. The Spoo suggests a higher open for the S&P 500, its “textbook overbought” streak to be further extended. Early BEGOS Market’s closures are as follows (all GMT): the Bond 18:15, EuroCurrencies 19:45, Metals Triumvirate 19:45, Oil 19:45, and the Spoo 19:15. As stated in the still current edition of The Gold Update, tomorrow’s edition shall be quite brief given our writing remotely this time ’round.