BUNDS: Tariffs drive the Risk Off Tone
Apr-16 06:27
* The German Bund saw a small gap higher on the open but didn't quite managed to break Yesterday's...
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EURUSD TECHS: Bullish Theme Intact
Mar-17 06:23
- RES 4: 1.1083 High Oct 2 2024
- RES 3: 1.1040 High Oct 4 2024
- RES 2: 1.0961 76.4% retracement of the Sep 25 ‘24 - Feb 3 bear leg
- RES 1: 1.0947 High Mar 11
- PRICE: 1.0879 @ 16:26 GMT Mar 14
- SUP 1: 1.0766/1.0674 Low Mar 6 / 20-day EMA
- SUP 2: 1.0557 50-day EMA and a short-term pivot level
- SUP 3: 1.0471 Low Mar 4
- SUP 4: 1.0360 Low Feb 28 and a key support
Trend conditions in EURUSD remain bearish and the pair is holding on to its recent gains. Moving average studies remain in a bull-mode position, highlighting a dominant uptrend. Bulls have their sights on 1.0961 next, a Fibonacci retracement. A break of this level would strengthen the current uptrend. Initial key support to watch lies at 1.0557, the 50-day EMA. The uptrend is overbought, a pullback would allow this set-up to unwind.
LOOK AHEAD: UK Timeline of Key Events (Times GMT)
Mar-17 06:23
| Date | UK | Period | Event |
| 18-Mar | 0930 | Consumer Price inflation weight update | |
| 19-Mar | 0001 | Feb | Brightmine pay deals for whole economy |
| 20-Mar | 0700 | Jan/Feb | Labour Market Survey |
| 20-Mar | 1100 | Mar | CBI Industrial Trends |
| 20-Mar | 1200 | Bank Of England Interest Rate | |
| 20-Mar | 1200 | Agents summary of business conditions | |
| 21-Mar | 0001 | Mar | Gfk Monthly Consumer Confidence |
| 21-Mar | 0700 | Feb | Public Sector Finances |
| 24-Mar | 0930 | Mar | S&P Global Flash PMI |
| 24-Mar | 1800 | BOE's Bailey lecture on UK growth | |
| 25-Mar | 1100 | Mar | CBI Distributive Trades |
| 26-Mar | 0700 | Feb | Consumer inflation report |
| 26-Mar | 0700 | Feb | Producer Prices |
| 26-Mar | - | OBR Spring Forecasts | |
| 26-Mar | 1530 | DMO agenda for quarterly consultation | |
| 27-Mar | 0830 | BOE's Dhingra on inflation targeting in the UK post-pandemic |
LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
Mar-17 06:18
| Date | Time | Country | Event |
| 17-Mar | 900 | IT | Italy Final HICP |
| 17-Mar | 1400 | EU | ECB's Lagarde at University Aix-Marselle |
| 18-Mar | 1000 | EU | Trade Balance |
| 18-Mar | 1000 | DE | ZEW Current Expectations Index |
| 19-Mar | 1000 | EU | HICP (f) |
| 19-Mar | 1200 | EU | ECB de Guindos In Madrid |
| 19-Mar | 1300 | EU | ECB Elderson At European Financials Conference |
| 20-Mar | 700 | DE | PPI |
| 20-Mar | 800 | EU | ECB's Lagarde At ECON Hearing |
| 20-Mar | 1000 | EU | Construction Production |
| 20-Mar | 1200 | EU | ECB's Lane At UCC Economics Society's Conference |
| 21-Mar | 745 | FR | Manufacturing Sentiment |
| 21-Mar | 900 | EU | EZ Current Account |
| 21-Mar | 1500 | EU | Consumer Confidence Indicator (p) |
| 24-Mar | 815 | FR | S&P Global Flash PMI |
| 24-Mar | 830 | DE | S&P Global Flash PMI |
| 24-Mar | 900 | EU | S&P Global Flash PMI |
