| Date | Time | Country | Event |
| 02-Oct | 1000 | EU | EZ Unemployment |
| 02-Oct | 1800 | EU | ECB de Guindos Fireside Chat at ESADE Madrid |
| 03-Oct | 0745 | FR | Industrial Production |
| 03-Oct | 0815 | ES | S&P Global Services / Composite PMI (f) |
| 03-Oct | 0845 | IT | S&P Global Services / Composite PMI (f) |
| 03-Oct | 0850 | FR | S&P Global Services / Composite PMI (f) |
| 03-Oct | 0855 | DE | S&P Global Services / Composite PMI (f) |
| 03-Oct | 0900 | IT | Retail Sales |
| 03-Oct | 0900 | EU | S&P Global Services / Composite PMI (f) |
| 03-Oct | 1000 | EU | EZ PPI |
| 03-Oct | 1040 | EU | ECB Lagarde Speech At Knot Farewell Symposium |
| 03-Oct | 1450 | EU | ECB Schnabel In Panel At Knot Farewell Symposium |
| 06-Oct | 0800 | ES | Industrial Production |
| 06-Oct | 0830 | EU | S&P Const PMI (f) / ECB de Guindos at Diario Expansion |
| 06-Oct | 0830 | FR | HCOB France Construction PMI |
| 06-Oct | 0900 | EU | ECB Lane Keynote at ECB MonPol Conference |
| 06-Oct | 1000 | EU | EZ Retail Sales |
| 06-Oct | 1800 | EU | ECB Lagarde at ECON Hearing, European Parliament |
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Oil prices have continued the rally started on Monday. WTI is up 1.4% to $64.90/bbl after reaching $65.10. Brent is 0.4% higher at $68.42/bbl after a peak of $68.58, remaining below resistance at $69.06. The prospect of a near-term easing in sanctions on Russia has faded with the US and EU now looking at extending them after attacks on Ukrainian cities have intensified. The USD index is up 0.1%.
EURUSD has recovered from last week’s low. The trend set-up is bullish and short-term weakness is considered corrective. Note that the pair has pierced key support around the 50-day EMA, currently at 1.1611. A clear break of the average would signal scope for a deeper retracement and potentially expose key M/T support at 1.1392, the Aug 1 low. Key resistance and the bull trigger is 1.1829, the Jul 1 high. A breach would resume the primary uptrend.
Bund futures traded lower Monday but continue to trade above their August lows. Recently, resistance at the 50-day EMA at 129.74 has been pierced. A clear breach of the EMA would signal scope for a stronger recovery within the multi-month range. This would open 130.06, the Aug 14 high. Key support and the bear trigger lies at 128.64. Clearance of this level would reinstate the recent bearish theme.