Date | Time | Country | Event |
16-Nov | 1415 | EU | ECB's De Guindos participates in systemic risk board |
17-Nov | 0830 | EU | ECB Lagarde Keynote Speech at Banking Conference |
17-Nov | 0900 | EU | EZ Current Account |
17-Nov | 1000 | EU | HICP (f) |
17-Nov | 1500 | EU | ECB's Cipollone in digital euro round table |
20-Nov | 0500 | EU | ECB's Lane participates in CEBRA panel |
20-Nov | 0700 | DE | PPI |
20-Nov | 1000 | EU | Construction Production |
21-Nov | 0745 | FR | Retail Sales |
21-Nov | 1600 | EU | ECB's Lagarde discusses Inflation and democracy |
21-Nov | 1715 | EU | ECB's Schnabel at Wurzburg Policy Lecture |
22-Nov | 1410 | EU | ECB's Elderson talks on stability and Green Transition |
22-Nov | 1500 | EU | Consumer Confidence Indicator (p) |
23-Nov | 0745 | FR | Manufacturing Sentiment |
23-Nov | 0815 | FR | S&P Global Services / Manufacturing PMI (p) |
23-Nov | 0830 | DE | S&P Global Services / Manufacturing PMI (p) |
23-Nov | 0900 | EU | S&P Global Services/ Manufacturing / Composite PMI (p) |
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EURJPY remains in consolidation mode for now, and is trading above support at 154.46, the Oct 3 low. Resistance to watch is 158.65, the Sep 13 high. For bulls, a break of 158.65, would highlight a range breakout and expose the key resistance and bull trigger at 159.76, the Aug 30 high. On the downside, a move below 154.46 would represent an important break and strengthen a bearish case. This would open 153.39, a Fibonacci retracement.
A bearish theme in Eurostoxx 50 futures remains in play and last week’s reversal from 4256.00, the Oct 12 high, signals the end of the recent corrective cycle. Note too that resistance at the 50-day EMA, at 4249.70, remains intact. A clear break of this average is required to signal scope for a stronger correction. The bear trigger lies at 4082.00, the Oct 4 low. Clearance of this level would confirm a resumption of the downtrend.