INDONESIA: Country Wrap: Palm Oil Exports to the US Assured
Jul-18 05:34
* Indonesia is set to maintain its dominance in the American palm oil market after the US agreed t...
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LOOK AHEAD: UK Timeline of Key Events (Times BST)
Jun-18 05:23
| Date | UK | Period | Event |
| 18-Jun | 0700 | May | Consumer inflation report |
| 19-Jun | 1200 | Bank Of England Interest Rate | |
| 20-Jun | 0001 | Jun | Gfk Monthly Consumer Confidence |
| 20-Jun | 0700 | May | Public Sector Finances / Retail Sales |
| 20-Jun | 1630 | Q3 | BOE to announce Q3 APF sales schedule |
| 23-Jun | 0930 | Jun | S&P Global Flash PMIs |
| 24-Jun | 1030 | ---- | BOE Green On CB Balance Sheet Mgmt |
| 24-Jun | 1100 | Jun | CBI Industrial Trends |
| 24-Jun | 1435 | ---- | BOE Ramsden At Barclays-CEPR MonPol Forum |
| 24-Jun | 1500 | ---- | BOE Bailey At Lords Econ Affairs Committee |
| 24-Jun | 1650 | ---- | BOE Breeden At UK Finance Digital Innovation Summit |
| 25-Jun | 0001 | Jun | Brightmine pay deals for whole economy |
| 25-Jun | 0945 | ---- | BOE Lombardelli At BOE MonPol Conference |
| 25-Jun | 1000 | ---- | BOE Pill On Panel At BOE MonPol Conference |
| 25-Jun | 1330 | ---- | BOE Lombardelli Chairs Riksbank's Breman Speech At BOE MonPol Conf |
GBPUSD TECHS: Corrective Pullback Extends
Jun-18 05:18
- RES 4: 1.3800 Round number resistance
- RES 3: 1.3757 1.618 proj of the Feb 28 - Apr 3 - 7 price swing
- RES 2: 1.3681 1.500 proj of the Feb 28 - Apr 3 - 7 price swing
- RES 1: 1.3632 High Jun 13 and the bull trigger
- PRICE: 1.34441 @ 06:17 BST Jun 18
- SUP 1: 1.3415 Low Jun 17
- SUP 2: 1.3350 50-day EMA
- SUP 3: 1.3237 Trendline support drawn from the Jan 13 low
- SUP 4: 1.3140 Low May 12 and key support
A sharp sell-off in GBPUSD Tuesday resulted in a breach of support at the 20-day EMA, at 1.3496. The latest move down is considered corrective and key trend signals remain bullish. The next important support lies at 1.3350, the 50-day EMA. On the upside, the key resistance and bull trigger has been defined at 1.3632, the Jun 13 high. A break of this hurdle would confirm a resumption of the primary uptrend.
LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
Jun-18 05:18
| Date | Time | Country | Event |
| 18-Jun | 0830 | EU | ECB Elderson At SRB Legal Conference 2025 |
| 18-Jun | 0900 | EU | EZ Current Account |
| 18-Jun | 1000 | EU | HICP (f) |
| 18-Jun | 1600 | EU | ECB Lane At Macroprudential Conference |
| 18-Jun | 1900 | EU | EC de Guindos at Osservatorio Permanente Giovani |
| 19-Jun | 0830 | EU | ECB's Lagarde On Economic and Financial Integration |
| 19-Jun | 1000 | EU | Construction Production |
| 19-Jun | 1045 | EU | ECB de Guindos On Eurozone Economic Outlook |
| 19-Jun | 1130 | EU | ECB Lagarde Keynote At Economic Integration Conference |
| 19-Jun | ---- | EU | ECB Cipollone At Eurogroup Meeting |
| 19-Jun | 1700 | EU | ECB Lagarde At Financi'Elles event |
| 20-Jun | 0700 | DE | PPI |
| 20-Jun | 0745 | FR | Manufacturing Sentiment |
| 20-Jun | ---- | EU | ECB de Guindos at ECOFIN Meeting |
| 20-Jun | 1500 | EU | Consumer Confidence Indicator (p) |
| 23-Jun | 0815 | FR | S&P Global Flash PMI (p) |
| 23-Jun | 0830 | DE | S&P Global Flash PMI (p) |
| 23-Jun | 0900 | EU | S&P Global Flash PMI (p) |
| 23-Jun | 1400 | EU | ECB Lagarde At ECON Hearing |
