GBPUSD TECHS: Bull Cycle Remains Intact For Now
Dec-17 06:23
* RES 4: 1.3527 High Oct 1 * RES 3: 1.3471 High Oct 17 * RES 2: 1.3456 High Dec 16 * RES 1: 1.3452 6...
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LOOK AHEAD: UK Timeline of Key Events (Times GMT)
Nov-17 06:23
| Date | Time | Period | Event |
| 17-Nov | 1320 | --- | BOE Mann on DMP and MonPol |
| 18-Nov | 1300 | --- | BOE Pill Fireside Chat on MonPol |
| 18-Nov | 1500 | --- | BOE Dhingra on Income Growth and Consumption |
| 19-Nov | 0001 | Oct | Brightmine pay deals for whole economy |
| 19-Nov | 0700 | Oct | Consumer Inflation Report / Producer Prices |
| 20-Nov | 1100 | Nov | CBI Industrial Trends |
| 20-Nov | 1830 | --- | BOE Dhingra Speech on Trade and Tariffs |
| 21-Nov | 0001 | Nov | Gfk Monthly Consumer Confidence |
| 21-Nov | 0700 | Oct | Public Sector Finances / Retail Sales |
| 21-Nov | 0930 | Nov | S&P Manuf / Serv / Comp PMIs (p) |
| 21-Nov | 1540 | --- | BOE Pill in Panel at Swiss National Bank |
| 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 | 1600 | --- | BOE Greene Speech at Goodbody Conference |
| 01-Dec | 0930 | Nov/Oct | S&P Manuf PMI (f) / BOE Lending to Individuals / M4 |
| 01-Dec | 1530 | --- | DMO to hold FQ4 consultations with investors / GEMMs |
LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
Nov-17 06:18
| Date | Time | Country | Event |
| 17-Nov | 0815 | EU | ECB de Guindos Speech at Euro Finance Week |
| 17-Nov | 0900 | IT | Italy Final HICP |
| 17-Nov | 1445 | EU | ECB Lane Lecture on ECB MonPol |
| 17-Nov | 1600 | EU | ECB Cipollone at ECON Digital Euro Hearing |
| 18-Nov | 1000 | EU | ECB Elderson at Banking Supervision Press Conference |
| 19-Nov | 0900 | EU | EZ Current Account |
| 19-Nov | 1000 | EU | EZ HICP Final |
| 20-Nov | 0700 | DE | PPI |
| 20-Nov | 1000 | EU | EZ Construction Output |
| 20-Nov | 1500 | EU | Consumer Confidence Indicator (p) |
| 21-Nov | 0745 | FR | Manufacturing Sentiment |
| 21-Nov | 0800 | EU | ECB de Guindos Remarks/Q&A at Foro Gran Via |
| 21-Nov | 0815 | FR | S&P Global Manuf / Services PMI (p) |
| 21-Nov | 0830 | DE | S&P Global Manuf / Services PMI (p) |
| 21-Nov | 0830 | EU | ECB Lagarde Speech at European Banking Congress |
| 21-Nov | 0900 | EU | S&P Global Manuf / Serv / Comp PMI (p) |
| 21-Nov | 1000 | EU | Negotiated Wage Growth |
| 21-Nov | 1130 | EU | ECB de Guindos Remarks/Q&A at Deusto Business School |
EURUSD TECHS: Monitoring Resistance
Nov-17 06:14
- RES 4: 1.1728 High Oct 17
- RES 3: 1.1694 50.0% retracement of the Sep 17 - Nov 5 bear leg
- RES 2: 1.1669 High Oct 28 and key resistance
- RES 1: 1.1656 High Nov 13
- PRICE: 1.1598 @ 06:13 GMT Nov 17
- SUP 1: 1.1530/1469 Low Nov 7 / 5 and the bear trigger
- SUP 2: 1.1425 1.500 proj of the Oct 17 - 22 - 28 price swing
- SUP 3: 1.1392 Low Aug 1 and bear trigger
- SUP 4: 1.1313 Low May 30
EURUSD is trading below last week’s high. Resistance to watch is 1.1669, the Oct 28 high. A break of this level would strengthen a short-term bull theme and highlight a stronger reversal. Note that moving average studies are in a bear-mode position. This highlights a dominant downtrend and suggests that gains since Nov 5 are corrective. A reversal would refocus attention on key support at 1.1469, the Nov 5 low.
