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

Oct-22 05:18
DateTimeCountryEvent
22-Oct1200EUECB de Guindos at Barcelona Real Assets Meeting
22-Oct1325EUECB Lagarde at Frankfurt Finance & Future Summit
23-Oct0745FRManufacturing Sentiment
23-Oct---EUECB Lagarde at Euro Summit in Brussels
23-Oct1430EUECB Lane Award Acceptance Speech
23-Oct1500EUConsumer Confidence Indicator (p)
24-Oct0745FRConsumer Sentiment
24-Oct0800ESPPI
24-Oct0815FRS&P Global Manufacturing / Services PMI (p)
24-Oct0830DES&P Global Manufacturing / Services PMI (p)
24-Oct0900EUS&P PMIs (p) / ECB Cipollone on International Finance
24-Oct1400BEBNB Business Confidence
27-Oct0900EUECB Consumer Expectations Survey / M3
27-Oct0900DEIFO Business Climate Index
27-Oct0915EUECB Elderson Keynote on Banking Governance
28-Oct0700DEGFK Consumer Climate
28-Oct0900ITISTAT Business / Consumer Confidence
28-Oct0900EUECB Bank Lending Survey

Historical bullets

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

Sep-22 05:18
DateTimeCountryEvent
22-Sep1445EUECB Lane At BIS-ECB-SUERF Workshop
22-Sep1500EUConsumer Confidence Indicator (p)
23-Sep0815FRS&P Global Manufacturing / Services PMI (p)
23-Sep0830DES&P Global Manufacturing / Services PMI (p)
23-Sep0900EUS&P Global Manuf / Serv / Composite PMI (p)
23-Sep1520EUECB Cipollone In Bloomberg Fireside Chat
24-Sep0800ESPPI
24-Sep0900DEIFO Business Climate Index
24-Sep1400BEBNB Business Confidence
25-Sep0700DEGFK Consumer Climate
25-Sep0745FRConsumer Sentiment
25-Sep0900EUM3
26-Sep0800ESGDP (f)
26-Sep0815EUECB Cipollone At ECB-CEPR Conference
26-Sep0900ITISTAT Businesss / Consumer Confidence
26-Sep0900EUECB Consumer Expectations Survey

EURUSD TECHS: Monitoring Support

Sep-22 05:14
  • RES 4: 1.2063 2.236 proj of the Feb 28 - Mar 18 - 247 price swing
  • RES 3: 1.2000 Round number resistance 
  • RES 2: 1.1923 2.00 proj of the Feb 28 - Mar 18 - 247 price swing
  • RES 1: 1.1919 High Sep 17 and key short-term resistance 
  • PRICE: 1.1732 @ 06:13 BST Sep 22
  • SUP 1: 1.1726/1667 Intraday low / 50-day EMA 
  • 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 and S/T weakness is considered corrective. Resistance at 1.1743, the Aug 22 high, has recently been cleared, reinforcing a bull cycle. Gains in the first half of last week resulted in a climb above 1.1829 the Jul 01 high and bull trigger. Clearance of this hurdle confirms a resumption of the primary uptrend and opens 1.1923 next, a Fibonacci projection. Support to watch is 1.1667. the 50-day EMA.

COMMODITIES: Oil and Gold Both Up in Monday Trade

Sep-22 05:07
  • Oil rose Monday, after a very poor finish last week.  WTI is up +0.64% to USD$63.08 bbl and Brent is up +0.66% to USD$67.12 bbl in the Asia trading day.
  • Late Friday the EU President indicated the latest move is to target refineries, traders and petrochemical companies that are still buying Russian oil in a bid to starve Moscow and end the war in Ukraine.  China and India remain the highest profile of buyers but the EU seems intent on casting the net much wider.  
  • This comes as French President Macro describes the EU's reliance on Russia now as 'marginal' as Trump continues to pressure Europe to eradicate Russian purchases.   
  • The EU has already passed a ban that will prohibit importing petroleum products refined from Russia crude starting next year, and the bloc is discussing banning imports of Russian liquefied natural gas from 2027.
  • WTI remains firmly below all major moving averages today, despite the gains. 
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  • Gold is reaching yet another new high as it rises +0.21% today to USD$3,693.00.  The recent cut in interest rates gave a further boost to gold, already with strong upward momentum with traders now pouring over Chairman Powell's comments for clues as to the next move.  
  • At $3,693 gold is above all major moving averages with the 20-day of $3,588.90 below.