EURJPY TECHS: Bull Cycle Intact
Dec-24 06:25
* RES 4: 186.41 2.618 proj of the Jul 31 - Sep 29 - Oct 2 price swing * RES 3: 185.77 2.5000 proj of...
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BOBL TECHS: (Z5) Bearish Cycle Intact Despite Recent Gains
Nov-24 06:23
- RES 4: 118.600 High Oct 24
- RES 3: 118.360 High Oct 28
- RES 2: 118.270 High Nov 5
- RES 1: 118.0970 50-day EMA.
- PRICE: 118.020 @ 06:05 GMT Nov 24
- SUP 1: 117.790 Low Nov 20 and the bear trigger
- SUP 2: 117.710 Low Oct 6
- SUP 3: 117.630 Low Oct 1
- SUP 4: 117.470 Low Sep 15 and a key support
The short-term trend theme in Bobl futures remains bearish despite the latest recovery - a correction. Recent weakness resulted in a breach of 118.043, 61.8% of the Sep 25 - Oct 17 bull cycle. Note that 117.824, the 76.4% retracement, has been pierced. A resumption of weakness would open 117.630, the Oct 1 low. Initial firm resistance is at 118.097, the 50-day EMA. It has been pierced, a clear break is required to signal a potential reversal.
LOOK AHEAD: UK Timeline of Key Events (Times GMT)
Nov-24 06:23
| Date | Time | Period | Event |
| 25-Nov | 1100 | Nov | CBI Distributive Trades |
| 26-Nov | 1230 | --- | Chancellor Reeves to deliver UK Budget |
| 26-Nov | 1530 | --- | DMO to publish consultation agenda |
| 27-Nov | 1630 | --- | BOE Greene Speech at Goodbody Conference |
| 01-Dec | 0930 | Oct/Nov | BOE Lending to Individuals / M4 / S&P Manuf PMI (f) |
| 01-Dec | 1530 | --- | DMO FQ4 investor/GEMM consultations / BOE Dhingra |
| 02-Dec | 0001 | Nov | BRC Monthly Shop Price Index |
| 02-Dec | 0700 | H2 | BOE Financial Stability Report |
| 03-Dec | 0930 | Nov | S&P Global Services / Composite PMI (f) |
| 03-Dec | 1700 | --- | BOE Mann in Panel on Reserve Currencies |
| 04-Dec | 0930 | Nov | Decision Maker Panel data / S&P Construction PMI |
| 04-Dec | 1245 | --- | BOE Mann Panel at European & Global Issues Conference |
| 05-Dec | 0730 | --- | DMO to publish issuance calendar for FQ4 |
| 08-Dec | 0001 | --- | KPMG-REC Report on Jobs |
| 09-Dec | 0001 | Nov | BRC-KPMG Shop Sales Monitor |
| 11-Dec | 0001 | Nov | RICS House Prices |
| 12-Dec | 0700 | Oct | GDP / Services / Production / Trade / Construction |
| 12-Dec | 0930 | Nov | Bank of England/Ipsos Inflation Attitudes Survey |
LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
Nov-24 06:18
| Date | Time | Country | Event |
| 24-Nov | 0900 | DE | IFO Business Climate Index |
| 24-Nov | 1100 | EU | ECB Cipollone at Cassa Depositi e Prestiti |
| 24-Nov | 1245 | EU | ECB Elderson Keynote on Climate & Supervision |
| 24-Nov | 1400 | BE | BNB Business Confidence |
| 24-Nov | 1445 | EU | ECB Lagarde Keynote on AI & Education |
| 25-Nov | 0700 | DE | GDP (f) |
| 25-Nov | 0745 | FR | Consumer Sentiment |
| 25-Nov | 0800 | ES | PPI |
| 25-Nov | 1400 | EU | ECB Cipollone Keynote at Central Bank of Ireland |
| 26-Nov | 1605 | EU | ECB Lane Fireside Chat on Macro Outlook |
| 26-Nov | 1700 | EU | ECB Lagarde Acceptance Speech |
| 27-Nov | 0700 | DE | GFK Consumer Climate |
| 27-Nov | 0830 | EU | ECB Cipollone Remarks at Euro Cyber Resilience Board |
| 27-Nov | 0900 | EU | M3 |
| 27-Nov | 0900 | IT | ISTAT Business / Consumer Confidence |
| 27-Nov | 1000 | EU | Consumer Confidence, Industrial Sentiment |
| 27-Nov | 1100 | EU | ECB de Guindos Remarks at CEDE Congress of Executives |
