Solid start to year. Guidance confirmed. Has been upgraded by both agencies * Net Rental Income 262m...
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Date | Time | Country | Event |
25-Mar | 800 | ES | PPI |
25-Mar | 900 | DE | IFO Business Climate Index |
25-Mar | 1400 | BE | BNB Business Confidence |
26-Mar | 745 | FR | Consumer Sentiment |
26-Mar | 800 | ES | GDP (f) |
26-Mar | 1800 | EU | ECB's Cipollone in panel on Digital Finance |
27-Mar | 900 | EU | M3 |
27-Mar | FR | Insee publishes General Govt balance | |
27-Mar | 1300 | EU | ECB's De Guindos at 2025 IIF European Summit |
27-Mar | 1740 | EU | ECB's Schnabel lecture on MonPol Transmission |
27-Mar | 1805 | EU | ECB's Lagarde message for Women in Finance conference |
28-Mar | 700 | DE | GFK Consumer Climate |
28-Mar | 745 | FR | PPI / Consumer Spending / Flash HICP |
28-Mar | 800 | ES | HICP (p) |
28-Mar | 830 | EU | ECB de Guindos At Fed. of Female Professionals Conf |
28-Mar | 855 | DE | Unemployment |
28-Mar | 900 | IT | Business and Consumer confidence |
28-Mar | 900 | EU | ECB Consumer Expectations Survey |
28-Mar | 1000 | EU | Consumer Confidence, Industrial Sentiment |
28-Mar | 1100 | IT | PPI |
The latest recovery in Schatz futures is considered corrective. The move higher has allowed an oversold trend condition to unwind. Resistance to watch is 106.847, a Fibonacci retracement. The trend condition is bearish. Recent weakness resulted in a breach of key support at 106.735, the Feb 19 low. The break strengthens a bearish theme and signals scope for a deeper sell-off, towards 106.350, a Fibonacci retracement.
The GBPUSD trend needle continues to point north and the latest shallow pullback appears corrective. Moving average studies are in a bull-mode position, highlighting a clear dominant uptrend. A resumption of gains would pave the way for a climb towards 1.3048, the Nov 6 2024 high. Initial firm support to watch is 1.2855, the 20-day EMA. Clearance of this level would signal scope for a deeper retracement towards the 50-day EMA, at 1.2722.