LOOK AHEAD: Eurozone Timeline of Key Events (GMT Times)
| Date | Time | Country | Event |
| 13-Dec | 700 | DE | Trade Balance |
| 13-Dec | 745 | FR | HICP (f) |
| 13-Dec | 800 | ES | HICP (f) |
| 13-Dec | 1000 | EU | Industrial Production |
| 16-Dec | 815 | FR | S&P Global Flash PMI |
| 16-Dec | 815 | EU | ECB's Lagarde speech on resilience amid geopolitical shift |
| 16-Dec | 830 | DE | S&P Global Flash PMI |
| 16-Dec | 845 | EU | ECB's De Guindos remarks at Madrid Foro Empresarial |
| 16-Dec | 900 | IT | Italy Final HICP |
| 16-Dec | 900 | EU | S&P Global Flash PMI |
| 16-Dec | 1630 | EU | ECB's Schnabel speech at CEPR symposium |
| 17-Dec | 900 | DE | IFO Business Climate Index |
| 17-Dec | 900 | EU | ECB's Elderson at ECB Banking Supervision conference |
| 17-Dec | 1000 | DE | ZEW Current Conditions & Expectations Index |
| 17-Dec | 1000 | EU | Trade Balance |
| 18-Dec | 900 | EU | ECB's Lane in fireside chat at MNI Connect Event |
| 18-Dec | 1000 | EU | HICP (f) / Construction Prod |
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LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
| Date | Time | Country | Event |
| 14-Nov | 800 | ES | HICP (f) |
| 14-Nov | 830 | EU | ECB's De Guindos remarks at event organised by ABC and Deloitte |
| 14-Nov | 1000 | EU | GDP (p) / Industrial Production |
| 14-Nov | 1230 | EU | Publication of the ECB MonPol meeting account |
| 14-Nov | 1830 | EU | ECB's Schnabel in panel on "Reassessing policy tools" |
| 15-Nov | 745 | FR | HICP (f) |
| 15-Nov | 900 | IT | Italy Final HICP |
| 15-Nov | 1500 | EU | ECB's Lane at seminar on Fragmenting Trading System |
| 15-Nov | 1515 | EU | ECB's Cipollone in discussion on productivity |
| 16-Nov | 1115 | EU | ECB's De Guindos at Trilateral Commission meeting |
| 16-Nov | 1300 | EU | ECB's Schnabel speech at Chicago Booth Conference |
| 18-Nov | 815 | EU | ECB's De Guindos speech at 27th Euro Finance Week |
| 18-Nov | 1000 | EU | Trade Balance |
| 18-Nov | 1300 | EU | ECB's Lane lecture on Inflation Expectations |
| 18-Nov | 1830 | EU | ECB's Lagarde on economic and human challenges |
EURUSD TECHS: Heading South
- RES 4: 1.0997 High Oct 8
- RES 3: 1.0937 High Nov 5 and key short-term resistance
- RES 2: 1.0761/0811 Low Oct 23 / 20-day EMA
- RES 1: 1.0683 Low NOv 6
- PRICE: 1.0608 @ 06:13 GMT Nov 13
- SUP 1: 1.0595 Low Nov 12
- SUP 2: 1.0568 Low Nov 2 2023
- SUP 3: 1.0517 Low Nov 1 2023
- SUP 4: 1.0448 Low Sep 3 2023 and a key support
EURUSD remains in a clear downtrend and this week’s extension reinforces the current trend condition. Last week, the Nov 6 sell-off highlighted a resumption of the downtrend. Note too that moving average studies are in a bear-mode position, highlighting a dominant downtrend. Sights are on 1.0568 support, the Nov 2 ‘23 low. Key resistance has been defined at 1.0937, the Nov 5 and 6 high. Initial firm resistance is 1.0811, the 20-day EMA.
BUND TECHS: (Z4) Resistance At The 20-Day EMA Remains Intact
- RES 4: 134.25 High Oct 16
- RES 3: 133.54 High Oct 24 and key resistance
- RES 2: 133.07 50-day EMA
- RES 1: 132.49/74 20-day EMA / High Nov 12
- PRICE: 131.74 @ 05:51 GMT Nov 13
- SUP 1: 131.39/130.58 Low Nov 8 / 6 and the bear trigger
- SUP 2 129.99 1.236 proj of the Oct 1 - 10 -16 price swing
- SUP 3: 129.48 1.382 proj of the Oct 1 - 10 -16 price swing
- SUP 4: 129.08 1.500 proj of the Oct 1 - 10 -16 price swing
Bund futures have pulled back from the recent highs. Short-term gains are - for now - considered corrective. The trend direction is down and the Nov 6 break to a fresh cycle low reinforces this theme. The 131.00 handle has been cleared, signalling potential for 129.99, a Fibonacci projection. Initial key resistance is at 132.49, the 20-day EMA (pierced). A clear break of it would be seen as an early bullish development.
