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

Jul-18 05:18
Date Time Country Event
18-Jul 1000 EU Construction Production
18-Jul 1315 EU ECB Governing Council Meeting
18-Jul 1345 EU ECB Monetary Policy Press Conference
18-Jul 1515 EU Lagarde presents MonPol decision on podcast
19-Jul 700 DE PPI
19-Jul 900 EU EZ Current Account
23-Jul 800 EU ECB's Lane at ECB/IMF conference in Frankfurt
23-Jul 1500 EU Consumer Confidence Indicator (p)
24-Jul 700 DE GFK Consumer Climate
24-Jul 745 EU ECB's de Guindos at ECB/IMF conference
24-Jul 800 ES PPI
24-Jul 815 FR S&P Global Flash PMI (p)
24-Jul 830 DE S&P Global Flash PMI (p)
24-Jul 900 EU S&P Global Flash PMI (p)
24-Jul 1300 EU ECB's Lane at ECB/IMF conference

Historical bullets

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

Jun-18 05:18
Date Time Country Event
18-Jun 1000 DE ZEW Current Conditions & Expectations Index
18-Jun 1000 EU HICP (f)
18-Jun 1300 EU ECB's Cipollone chairing session on market supervision
18-Jun 1430 EU ECB's De Guindos at EC and ECB joint conference
19-Jun 900 EU Current Account
19-Jun 1000 EU Construction Production
20-Jun 700 DE PPI
20-Jun 800 EU ECB's Lagarde and Cipollone in Eurogroup meeting
20-Jun 1500 EU Consumer Confidence Indicator (p)
21-Jun 745 FR Manufacturing Sentiment
21-Jun 800 EU ECB's De Guindos participates in ECONFIN meeting
21-Jun 815 FR S&P Global Services/ Manufacturing/Composite PMI (p)
21-Jun 830 DE S&P Global Services/ Manufacturing/Composite PMI (p)
21-Jun 900 EU S&P Global Services/ Manufacturing/Composite PMI (p)
23-Jun 1420 EU ECB's Schnabel on the Weltwirtschaftlicher Preis
24-Jun 900 DE IFO Business Climate Index
24-Jun 1400 BE BNB Business Sentiment
24-Jun 1630 EU ECB's Schnabel in panel on 'Investing in Sovereignty"
25-Jun 800 ES GDP (f) / PPI

GBPUSD TECHS: Testing Support

Jun-18 05:15
  • RES 4: 1.2947 1.50 proj of the Apr 22 - May 3 - 9 price swing
  • RES 3: 1.2908 1.382 proj of the Apr 22 - May 3 - 9 price swing
  • RES 2: 1.2894 High Mar 8 and a key resistance
  • RES 1: 1.2764/2860 High Jun 14 / 12
  • PRICE: 1.2695 @ 06:14 BST Jun 18
  • SUP 1: 1.2657 Low Jun 14
  • SUP 2: 1.2584 Low May 15
  • SUP 3: 1.2510 Low May 14
  • SUP 4: 1.2446 Low May 9 and a key near-term support

The GBPUSD trend condition remains bullish, however, last week’s sell-off is a concern for bulls. Price is trading just above recent lows and attention is on key short-term support at 1.2671, the 50-day EMA. It has been pierced, a clear break of it would undermine the bullish theme and signal scope for a deeper correction, opening 1.2584 initially, the May 15 low. For bulls, a reversal higher and a break of 1.2860, the Jun 12 high, resumes the uptrend.

US TSYS: Tsys Futures Little Changed, Ranges Tight Ahead Of Fed Speakers

Jun-18 05:14
  • Treasury futures are little changed today, ranges have been very tight with TUU4 -0-00⅛ at 102-04+, while TYU4 is +0-00+ at 110-13+.
  • Volumes: TU 29k, FV 36k, TY 80k
  • Cash treasury curve is little changed, yields are about 1bps lower across the curve. The 2Y -1.1bps to 4.754%, 7Y -1.1bps to 4.68%, with the 10Y -1.2bps at 4.269%.
  • APAC Markets: ACGB yields are 3-4bps higher, NZGB yields are flat to 1.5bps higher, while JGBs are flat to 5bps higher, with better selling seen in the long end.
  • Short end selling sees rate cut projections cooling vs. late Friday levels (*): July'24 at -10% w/ cumulative at -2.5bp at 5.302%, Sep'24 cumulative -17.5bp (20bp), Nov'24 cumulative -26.6bp (-29.9bp), Dec'24 -46.1bp (-50.5bp).
  • Looking ahead, Retail Sales, IP/Cap-U and TIC Flows, Several Fed speakers on tap as well.