LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)

Oct-10 05:18
DateTimeCountryEvent
10-Oct1000ITIndustrial Production
10-Oct---EUECB de Guindos at ECOFIN Meeting
13-Oct---EUECB Lagarde and Cipollone at IMF/World Bank Meetings
14-Oct0700DEGermany CPI (f)
14-Oct0850EUECB Cipollone Speech on Digital Euro
14-Oct1000DEZEW Current Expectations Index
14-Oct---EUECB Lagarde and Cipollone at G20 Meeting
15-Oct0745FRHICP (f)
15-Oct0800ESHICP (f)
15-Oct0840EUECB de Guindos at Resolution Mechanism Conference
15-Oct1000EUEZ Industrial Production
15-Oct1900EUECB de Guindos at Alantra Anniversary Event
16-Oct0900ITHICP (f)
16-Oct1000EUTrade Balance
16-Oct1000ITForeign Trade
16-Oct1645EUECB Lane in Policy Panel at IIF Annual Meeting
16-Oct1700EUECB Lagarde in IMF Policy Debate

Historical bullets

LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)

Sep-10 05:18
DateTimeCountryEvent
10-Sep0800ESIndustrial Production
10-Sep0900ITIndustrial Production
11-Sep1315EUECB Rate Decision
11-Sep1345EUECB Press Conference
11-Sep1515EUECB Lagarde Presents Rate Decision on ECB Podcast
12-Sep0700DEGermany CPI (f)
12-Sep0745FRHICP (f)
12-Sep0800ESHICP (f)
12-Sep1000EULabour Market Quarterly Statistics
15-Sep1000EUTrade Balance
15-Sep1910EUECB Lagarde at Institut Montaigne Paris
16-Sep0900ITHICP (f)
16-Sep1000DEZEW Current Expectations Index
16-Sep1000EUEZ Industrial Production
17-Sep0830EUECB Lagarde at ECB Annual Research Conference
17-Sep1000EUEZ HICP Final
17-Sep1215EUECB Cipollone at NL Central Bank Resilience Conference

EURUSD TECHS: Bullish Outlook

Sep-10 05:17
  • 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: 1.1715 @ 06:16 BST Sep 10
  • SUP 1: 1.1674/28 20-and 50-day EMA values
  • SUP 2: 1.1574 Low Aug 27
  • SUP 3: 1.1528 Low Aug 5
  • SUP 4: 1.1392 Low Aug 1 and bear trigger.

The trend theme in EURUSD remains bullish. Resistance at 1.1743, the Aug 22 high, has been cleared reinforcing a bull cycle. This signals scope for an extension towards 1.1829, the Jul 01 high and bull trigger. Clearance of this hurdle would confirm a resumption of the primary uptrend. Support to watch is around the 50-day EMA, at 1.1628. A clear breach of this average would signal scope for a deeper retracement.

BUND TECHS: (Z5) Bull Cycle Intact

Sep-10 05:11
  • 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: 129.33 High Sep 8  
  • PRICE: 129.15 @ 05:55 BST Sep 10
  • SUP 1: 128.58/25 20-day EMA / 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  

Recent gains in Bund futures resulted 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. First support is 128.58, the 20-day EMA.