LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
May-08 05:18
| Date | Time | Country | Event |
| 08-May | 700 | DE | Industrial Production |
| 08-May | 800 | ES | Industrial Production |
| 08-May | 900 | IT | Retail Sales |
| 09-May | 1315 | EU | ECB's De Guindos remarks at Panel Civico |
| 09-May | 1315 | EU | ECB's Cipollone on financial instrument tokenisation |
| 10-May | 800 | EU | ECB's Cipollone presentation on digital euro |
| 10-May | 900 | IT | Industrial Production |
| 10-May | 945 | EU | ECB's Elderson in roundtable at ASVIS/ECCO |
| 13-May | 800 | EU | ECB's Cipollone in Eurogroup meeting |
| 14-May | 700 | DE | HICP (f) |
| 14-May | 800 | ES | HICP (f) |
| 14-May | 800 | EU | ECB's De Guindos participates in ECOFIN meeting |
| 14-May | 1000 | DE | ZEW Current Conditions/Expectations Index |
| 14-May | 1415 | EU | ECB's Schnabel speech at scientific conference |
| 15-May | 745 | FR | HICP (f) |
| 15-May | 1000 | EU | Industrial Production/ GDP (p) |
| 16-May | 900 | IT | Italy Final HICP |
| 17-May | 820 | EU | ECB's De Guindos at Banking Sector Industry Meeting |
| 17-May | 1000 | EU | HICP (f) |
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LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
Apr-08 05:18
| Date | Time | Country | Event |
| 08-Apr | 0700 | DE | Trade Balance / Industrial Production |
| 09-Apr | 0745 | FR | Foreign Trade |
| 10-Apr | 0900 | IT | Retail Sales |
| 11-Apr | 0900 | IT | Industrial Production |
| 11-Apr | 1315 | EU | ECB Rate Decision |
| 11-Apr | 1345 | EU | ECB Monetary Policy Press Conference |
| 12-Apr | 0700 | DE | HICP (f) |
| 12-Apr | 0745 | FR | HICP (f) |
| 12-Apr | 0800 | ES | HICP (f) |
| 12-Apr | 1200 | EU | ECB's Elderson Speaks At Delphi Economic Forum |
| 15-Apr | 1000 | EU | Industrial Production |
| 15-Apr | 1515 | EU | ECB's Lagarde Speaks On ECB Podcas |
| 16-Apr | 0900 | IT | Italy Final HICP |
| 16-Apr | 1000 | DE | ZEW Current Conditions / Expectations Index |
| 16-Apr | 1000 | EU | Trade Balance |
| 17-Apr | 1645 | EU | ECB's Schnabel Speaks At IRFMP |
| 17-Apr | 1000 | EU | HICP (f) |
NZD: NZD/USD Tests 0.6000 Ranges Tight, AUD/NZD Makes New Highs Of 1.0958
Apr-08 05:13
- NZD/USD has traded sideways on Monday, there has been very little in the way of market headlines. Ranges have remained very tight with the pair trading in just a 20-pip range, making highs of 0.6018, and lows of 0.6000 we now trade at 0.6012 as Europe logs in. Initial resistant holds at 0.6032 (20-day EMA), while initial support is at 0.5985 (Apr 5 low).
- The US-NZ 2y made highs on Friday at 14.6bps, we are 3.4bps lower at 18bps now.
- AUD/NZD has also traded sideways, with the pair unchanged for the day. Trading has been constrained to recent ranges although we did briefly make new YTD highs of 1.0958 early morning before making intraday lows of 1.0922, we now trade at 1.0941 as Europe logs in.
- The AU-NZ 2Y swap is 1bps lower at -83.5bps.
- Option expiries: there are no large strikes today, with upcoming notable strikes being Upcoming notable strikes: NZD/USD 0.5955 (NZD1.22b April 11), 0.5850 (NZD625m April 10), 0.6105 (NZD386m April 11). AUDNZD 1.0925 (US$201.38m April 9), 1.0950 (US$100.46m April 9)
- Looking ahead: RBNZ decision on Wednesday, while AU has Consumer & Business Confidence on Tuesday
GBPUSD TECHS: Watching Resistance
Apr-08 05:11
- RES 4: 1.2803 High Mar 21
- RES 3: 1.2759 61.8% retracement of the Mar 8 - Apr 1 bear leg
- RES 2: 1.2717 50.0% retracement of the Mar 8 - Apr 1 bear leg
- RES 1: 1.2684 High Apr 04
- PRICE: 1.2631 @ 06:10 GMT Apr 08
- SUP 1: 1.2540 Low Apr 1 / 2
- SUP 2: 1.2519 Low Feb 5 and the bear trigger
- SUP 3: 1.2465 50.0% retracement of the Oct 4 - Mar 8 bull leg
- SUP 4: 1.2446 Low Nov 20 ‘23
A bearish threat in GBPUSD remains present despite recent gains. Attention is on resistance at 1.2664, the 50-day EMA. It was pierced last week, a clear break of this average would improve short-term conditions and signal scope for stronger recovery. For bears, key support to watch lies at 1.2519, the Feb 5 low. A resumption of weakness and a clear break of this level would strengthen the bearish theme and open 1.2465, a Fibonacci retracement.
