07 June 2024 – 08:40 Central Euro Time

At present we’ve Copper as the only BEGOS Market outside (below) its Neutral Zone for today; session volatility is light with StateSide jobs data in the day’s balance. Curious to note yesterday’s ECB rate reduction despite the Governing Council’s outlook for increasing inflation. Going ’round the Market Trends page (21-day linreg basis and “Baby Blues” consistency): that for the Bond is up and reinforcing; the Euro up but weakening; the Swiss Franc up and reinforcing; Gold barely up and neutral; Silver up but weakening; both Copper and Oil down and worsening; and the Spoo up but weakening. The tumbling Econ Baro completes its busy week with May’s Payrolls data as noted, plus April’s Wholesale Inventories and (late in the session) Consumer Credit.