LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
| Date | Time | Country | Event |
| 09-Oct | 0700 | DE | Trade Balance |
| 09-Oct | --- | EU | ECB Lagarde & Cipollone at Eurogroup Meeting |
| 09-Oct | 1600 | EU | ECB Lane Roundtable at Irish Investment Managers Event |
| 10-Oct | 1000 | IT | Industrial Production |
| 10-Oct | --- | EU | ECB de Guindos at ECOFIN Meeting |
| 13-Oct | --- | EU | ECB Lagarde and Cipollone at IMF/World Bank Meetings |
| 14-Oct | 0700 | DE | Germany CPI (f) |
| 14-Oct | 0850 | EU | ECB Cipollone Speech on Digital Euro |
| 14-Oct | 1000 | DE | ZEW Current Expectations Index |
| 14-Oct | --- | EU | ECB Lagarde and Cipollone at G20 Meeting |
| 15-Oct | 0745 | FR | HICP (f) |
| 15-Oct | 0800 | ES | HICP (f) |
| 15-Oct | 0840 | EU | ECB de Guindos at Resolution Mechanism Conference |
| 15-Oct | 1000 | EU | EZ Industrial Production |
| 15-Oct | 1900 | EU | ECB de Guindos at Alantra Anniversary Event |
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EURUSD TECHS: Approaching The Bull Trigger
- RES 4: 1.1923 2.00 proj of the Feb 28 - Mar 18 - 247 price swing
- RES 3: 1.1851 High Sep 10 2021
- RES 2: 1.1829 High Jul 01 and the bull trigger
- RES 1: 1.1789 High Jul 24
- PRICE: 1.1776 @ 06:10 BST Sep 9
- SUP 1: 1.1671/25 20-and 50-day EMA values
- SUP 2: 1.1574/1.1528 Low Aug 27 / Low Aug 5
- SUP 3: 1.1392 Low Aug 1 and bear trigger
- SUP 4: 1.1373 Low Jun 10
The trend theme in EURUSD remains bullish. This week’s move higher reinforces current conditions and confirms a clear breach of 1.1743, the Aug 22 high. This highlights a short-term bullish development and signals scope for an extension towards 1.1829, the Jul 01 high and bull trigger. Support to watch is around the 50-day EMA, at 1.1625. A clear breach of this average would signal scope for a deeper retracement.
BUND TECHS: (Z5) Bull Cycle Remains Intact
- RES 4: 129.66 High Jul 22
- RES 3: 129.50 High Aug 5 and a key resistance
- RES 2: 129.31 High Aug 6
- RES 1: 129.20 High Sep 5
- PRICE: 129.20 @ 05:46 BST Sep 9
- SUP 1: 128.25 Low Sep 4
- SUP 2: 127.61 Low Sep 3 and the bear trigger
- SUP 3: 127.46 1.00 proj of the Aug 14 - 15 - 28 price swing
- SUP 4: 127.13 1.236 proj of the Aug 14 - 15 - 28 price swing
Bund futures rallied sharply higher Friday resulting in a break of resistance at 128.87, the Aug 28 high and short-term bull trigger. The climb undermines a recent bearish theme and highlights a stronger reversal. Price has moved through the 129.00 handle, signalling scope for an extension towards 129.50, the Aug 5 high. Key support and the bear trigger has been defined at 127.61, the Sep 3 low.
ASIA STOCKS: A Mixed Day as Jakarta Down
Indonesia stocks slid again today following yesterday's shock announcement of the removal of the popular Finance Minister. Concerns are rising as to whether the Prabowo government will maintain fiscal discipline and damage the long term outlook for the economy. Japanese stocks were weaker today after yesterday's gains, in what local traders are describing as profit taking. China's homebuilder index is up by around 5% as after Shenzhen announced home buying curbs will be eased yesterday, with the positive momentum carried into today.
- China's major onshore bourses were all lower today with the CSI 300 down -0.46%, Shanghai Comp -0.29% and Shenzhen down -0.80% whilst the Hang Seng in Hong Kong went the other way, up +0.80%.
- The NIKKEI is down moderately by -0.13%
- The TAIEX in Taiwan is one of the strongest regional performers today as portfolio inflows turn strongly positive; up +1.05% today.
- The KOSPI is up again, today by +1.10%, and has now gained for six successive trading days.
- The FTSE Malay KLCI is lower by -0.12%.
- The Jakarta Composite is down heavily by -1.75% following yesterday's falls of -1.28%hp
- India's NIFTY 50 has had five days of very modest gains and is up today by a mere +0.27%
