you're in item mode (5) which uses the item's pivot. You can reset the pivot by using Edit > Center/Pivot to bounding box, or more simply if you're not in item mode for any particular reason, go to polygon (3) / edge (2) / vert (1) mode and do the move from there. When you're in those modes though pay attention to what you action center is.
If you haven't explored action centers yet I'd recommend checking out this video; they're pretty fundamental to modeling in modo.
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If you haven't explored action centers yet I'd recommend checking out this video; they're pretty fundamental to modeling in modo.