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

Jul-31 05:18
Date Time Country Event
31-Jul 700 DE Import/Export Prices
31-Jul 745 FR HICP (p) / PPI
31-Jul 855 DE Unemployment
31-Jul 1000 EU HICP (p)
31-Jul 1000 IT HICP (p)
31-Jul 1100 IT PPI
01-Aug 815 ES S&P Global Manufacturing PMI (f)
01-Aug 845 IT S&P Global Manufacturing PMI (f)
01-Aug 850 FR S&P Global Manufacturing PMI (f)
01-Aug 855 DE S&P Global Manufacturing PMI (f)
01-Aug 900 EU S&P Global Manufacturing PMI (f)
01-Aug 1000 EU Unemployment
02-Aug 745 FR Industrial Production
02-Aug 900 IT Industrial Production
02-Aug 1000 IT Retail Sales
05-Aug 800 ES Industrial Production
05-Aug 1000 EU PPI
06-Aug 700 DE Manufacturing Orders
06-Aug 830 EU S&P Global Final Eurozone Construction PMI
06-Aug 1000 EU Retail Sales

Historical bullets

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

Jul-01 05:18
Date Time Country Event
01-Jul 815 ES S&P Global Manufacturing PMI (f)
01-Jul 845 IT S&P Global Manufacturing PMI (f)
01-Jul 850 FR S&P Global Manufacturing PMI (f)
01-Jul 855 DE S&P Global Manufacturing PMI (f)
01-Jul 900 DE North Rhine Westphalia & Bavaria CPI
01-Jul 900 EU S&P Global Manufacturing PMI (f)
01-Jul 1300 DE HICP (p)
01-Jul EU ECB's Lagarde speech at ECB forum on Central Banking
02-Jul 830 EU ECB's De Guindos chairing session on inflation
02-Jul 930 EU ECB's Elderson chairs session on biodiversity
02-Jul 1000 EU HICP (p) / Unemployment
02-Jul 1130 EU ECB's Schnabel chairing panel on Geopolitics/Inflation
02-Jul 1430 EU ECB's Lagarde in policy panel at ECB forum
03-Jul 900 EU ECB's De Guindos chairing MonPol Cycles session
03-Jul 1000 EU PPI
03-Jul 1000 EU ECB's Cipollone chairing Productivty session
03-Jul 1130 EU ECB's Lane chairing panel on equilibirum rates
03-Jul 1430 EU ECB's Lagarde closing remarks at ECB Forum

GBPUSD TECHS: Trading Closer To Its Recent Lows

Jul-01 05:13
  • 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: 1.2740/2860 High Jun 19 / 12 And the bull trigger
  • PRICE: 1.2658 @ 06:12 BST Jul 1
  • SUP 1: 1.2613 Low June 27
  • SUP 2: 1.2584 Low May 15
  • SUP 3: 1.2514 61.8% retracement of the Apr 22 - Jun 12 bull cycle
  • SUP 4: 1.2446 Low May 9 and a key near-term support

A bearish theme in GBPUSD remains in play and the pair continues to trade closer to its recent lows. Key support at 1.2669, the 50-day EMA, has been cleared, signalling scope for a deeper correction towards 1.2584, the May 15 low. For bulls, a reversal higher and a break of 1.2860, the Jun 12 high, would resume the uptrend. Initial firm resistance to watch is 1.2740, the Jun 19 high.

BOBL TECHS: (U4) Gaps Lower

Jul-01 05:07
  • RES 4: 117.160 High Jun 14 and the bull trigger
  • RES 2: 116.920 High Jun 24
  • RES 3: 1116.690 High Jun 28
  • RES 1: 116.392 20-day EMA
  • PRICE: 116.220 @ 05:51 BST Jul 1
  • SUP 1: 116.080 Intraday low
  • SUP 2: 115.862 61.8% retracement of the May 31 - Jun 14 rally
  • SUP 3: 115.556 76.4% retracement of the May 31 - Jun 14 rally
  • SUP 4: 115.060 Low May 31 and key support

Bobl futures have started the week on a bearish note and gapped lower today. The move down has resulted in a break of the 20-day EMA and this undermines the recent bearish threat, signalling scope for a deeper pullback The move down opens 115.862, a Fibonacci retracement. Clearance of this level would strengthen a bearish threat. Initial firm resistance to watch is 116.690, the Jun 28 high.