LOOK AHEAD: Eurozone Timeline of Key Events (GMT Times)

Feb-13 06:18
DateTimeCountryEvent
13-Feb700DEHICP (f)
13-Feb840EUECB's Cipollone interview at Digital Finance conference
13-Feb1000EUIndustrial Production
14-Feb800ESHICP (f)
14-Feb1000EUGDP (p)
17-Feb1000EUTrade Balance
17-Feb EUECB's Lagarde and Cipolllone in Eurogroup meeting
18-Feb745FRHICP (f)
18-Feb1000DEZEW Current Conditions/Expectations Index
18-Feb EUECB's De Guindos in ECOFIN meeting
18-Feb1400EUECB's Cipollone in MNI Connect event on Balance Sheet
19-Feb900EUEZ Current Account
19-Feb1000EUlabour costs
20-Feb700DEPPI
20-Feb1000EUConstruction Production
20-Feb1500EUConsumer Confidence Indicator (p)

Historical bullets

LOOK AHEAD: Eurozone Timeline of Key Events (GMT Times)

Jan-14 06:18
DateTimeCountryEvent
14-Jan735EUECB's Lane speech on Europe, Asia and the Changing Globe
14-Jan900ITIndustrial Production
15-Jan315EUECB's Lane in fireside chat at GS global macro conference
15-Jan745FRHICP (f)
15-Jan800ESHICP (f)
15-Jan800EUECB's De Guindos at 15th Spain Investors Day
15-Jan1000EUIndustrial Production
16-Jan700DEHICP (f)
16-Jan900ITHICP (f)
16-Jan1000EUTrade Balance
16-Jan1230EUAccount of Dec 2024 ECB Monetary Policy Meeting
17-Jan900EUEZ Current Account
17-Jan1000EUHICP (f)
17-Jan1100EUECB's Cipollone lecture at Crypto Asset Lab conference
20-Jan700DEPPI
20-Jan1000EUConstruction Production
20-Jan EUECB's Lagarde and Cipollone in Eurogroup meeting

GBPUSD: Southbound

Jan-14 06:08
  • RES 4: 1.2613 50-day EMA
  • RES 3: 1.2607 High Dec 30     
  • RES 2: 1.2456/2576 20-day EMA / High Jan 7 
  • RES 1: 1.2367 High Jan 9 
  • PRICE: 1.2205@ 06:08 GMT Jan 14
  • SUP 1: 1.2100 Low Jan 10 
  • SUP 2: 1.2087 0.764 proj of the Sep 26 - Nov 22 - Dec 6 price swing
  • SUP 3: 1.2037 Low Oct 4 ‘23 and a key support 
  • SUP 4: 1.2000 Psychological round number      

The trend condition in GBPUSD remains bearish and the pair traded to a fresh trend low on Monday. Last week’s move down confirmed a resumption of the downtrend and marks an extension of the price sequence of lower lows and lower highs. Note too that moving average studies are in a bear-mode position highlighting a dominant bear trend. Sights are on 1.2087 next, a Fibonacci projection. Initial firm resistance is at 1.2367, the Jan 9 high.

BOBL TECHS: (H5) Bears Remain In The Driver’s Seat

Jan-14 06:06
  • RES 4: 118.640 Low Dec 6        
  • RES 3: 118.520 High Dec 13   
  • RES 2: 117.584 20-day EMA 
  • RES 1: 117.090 High Jan 9                            
  • PRICE: 116.560 @ 05:48 GMT Jan 14  
  • SUP 1: 116.350 Low Jan 13               
  • SUP 2: 116.320 Low Jul 22 2024 (cont)  
  • SUP 3: 116.210 Low Jul 12 2024 (cont)
  • SUP 4: 115.980 Low Jul 11 ‘24 (cont)      

A bear cycle in Bobl futures remains intact and the contract is trading just ahead of its recent low. Price has recently traded through key support at 117.180, the Nov 6 low. The clear break strengthens the current downtrend and sights are on 116.320 next, the Jul 22 2024 low (cont). Key short-term resistance is 117.584, the 20-day EMA. Gains would be considered corrective and allow an oversold condition to unwind.