31 October 2024 – 08:13 Central Euro Time

The Bond is at present above today’s Neutral Zone, whilst below same are both Gold and the Spoo; BEGOS Markets’ volatility is moderate; the non-BEGOS Yen has already traced 126% of its EDTR, (for that of the actual BEGOS components see Market Ranges); the Yen has worked all the way back up to close the gap following its fallout from last Sunday’s parliamentary election. By Market Trends, the 21-day linregs are positive for Gold, Silver and the Spoo, but are negative for the Bond, Euro, Swiss Franc, Oil and Copper: as noted yesterday however, Copper’s “Baby Blues” have moved above their key -80% axis, typically meaning a near-term up move for price. ‘Tis a busy day for the Econ Baro, incoming metric’s including October’s Chi PMI, September’s Personal Income/Spending and “Fed-favoured” Core PCE Prices as an inflation gauge, plus Q3’s Employment Cost Index.