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

Feb-13 06:23
DateUKPeriodEvent
13-Feb0700DecGDP/ Trade/ Construction/ Production/ Services
13-Feb0700Q4GDP First Estimate
18-Feb0700Dec/JanLabour Market Survey
18-Feb0930 BOE's Bailey fireside chat on open financial markets
19-Feb0001JanBrightmine pay deals for whole economy
19-Feb0700JanConsumer inflation report
19-Feb0700JanProducer Prices
20-Feb1100FebCBI Industrial Trends
21-Feb0001FebGfk Monthly Consumer Confidence
21-Feb0700JanPublic Sector Finances
21-Feb0700JanRetail Sales
21-Feb0930FebS&P Global Flash PMI
25-Feb1100FebCBI Distributive Trades
03-Mar0930FebS&P Global/ CIPS UK Final Manufacturing PMI
03-Mar0930JanBOE Lending to Individuals/M4
04-Mar0001FebBRC Monthly Shop Price Index
05-Mar0930FebS&P Global/ CIPS UK Final Services PMI

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.