LOOK AHEAD: Eurozone Timeline of Key Events (All Times in GMT)

Nov-24 06:18
Date Time Country Event
24-Nov 0700 DE GDP (f)
24-Nov 0800 ES PPI
24-Nov 0900 DE IFO Business Climate Index
24-Nov 1000 EU ECB's Lagarde participates in Future Europe event
24-Nov 1300 EU ECB's De Guindos remarks and Q&A
24-Nov 1400 BE BNB Business Sentiment
27-Nov 1400 EU ECB's Lagarde statement at ECON hearing
28-Nov 0700 DE GFK Consumer Climate
28-Nov 0745 FR Consumer Sentiment
28-Nov 0900 EU M3
28-Nov 1830 EU ECB's Lane lecture on Macroeconomic policy
29-Nov 0800 ES HICP (p)
29-Nov 0900 IT ISTAT Business/Consumer Confidence
29-Nov 1000 EU EZ Economic Sentiment Indicator
29-Nov 1000 IT PPI
29-Nov 1300 DE HICP (p)

Historical bullets

BTP TECHS: (Z3) Corrective Bounce

Oct-25 06:04
  • RES 4: 113.69 76.4% retracement of the Aug 24 - Oct 4 bear leg
  • RES 3: 112.53 61.8% retracement of the Aug 24 - Oct 4 bear leg
  • RES 2: 111.59 50.0% retracement of the Aug 24 - Oct 4 bear leg
  • RES 1: 110.00/111.17 High Oct 24 / 12 and key resistance
  • PRICE: 109.17 @ Close Oct 24
  • SUP 1: 107.42 Low Oct 19
  • SUP 2: 107.08 2.236 proj of the Jun 26 - Jul 11 - 19 price swing (cont)
  • SUP 3: 106.40 2.382 proj of the Jun 26 - Jul 11 - 19 price swing (cont)
  • SUP 4: 105.85 2.50 proj of the Jun 26 - Jul 11 - 19 price swing (cont)

BTP futures traded to a fresh cycle low last week as the contract extended the reversal from 111.17, the Oct 12 high. Price has pierced key support at 107.62, the Oct 4 low. A clear break of this level would confirm a resumption of the long-term downtrend and open 107.08, a Fibonacci projection. 111.17 marks the key resistance. Clearance of this level is required to highlight a possible short-term reversal. Recent gains are considered corrective.

MNI: OCT CHINA LIQUIDITY INDEX 62.8

Oct-25 06:00



  • MNI: OCT CHINA LIQUIDITY INDEX 62.8

EURJPY TECHS: Watching Resistance

Oct-25 05:56
  • RES 4: 161.52 2.618 proj of the May 11 - 29 - 31 price swing
  • RES 3: 160.94 2.50 proj of the May 11 - 29 - 31 price swing
  • RES 2: 160.36 2.382 proj of the May 11 - 29 - 31 price swing
  • RES 1: 160.00 Psychological handle
  • PRICE: 158.84 @ 06:55 BST Oct 25
  • SUP 1: 158.03 20-day EMA
  • SUP 2: 156.98 Low Oct 16
  • SUP 3: 155.83 Low Oct 4
  • SUP 4: 154.46 Oct 3 and the bear trigger

EURJPY started the week on a bullish note and traded higher Monday. This resulted in a print above key resistance at 159.76, the Aug 30 high and a bull trigger. The cross has pulled back from yesterday’s high. A clear break of 159.76 would confirm a resumption of the uptrend and pave the way for a climb towards 160.36, a Fibonacci projection. Initial firm support to watch lies at 158.10, the 20-day EMA. Key support is far off at 154.46, the Oct 3 low.