LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
| Date | Time | Country | Event |
| 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 |
| 07-Aug | 700 | DE | Trade Balance / Industrial Production |
| 07-Aug | 745 | FR | Foreign Trade |
| 09-Aug | 700 | DE | HICP (f) |
| 09-Aug | 900 | IT | Italy Final HICP |
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LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
| Date | Time | Country | Event |
| 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 |
| 04-Jul | 700 | DE | Manufacturing Orders |
| 04-Jul | 830 | EU | S&P Global Final Eurozone Construction PMI |
| 04-Jul | 1000 | EU | ECB's Lane Lecture at University of Naples |
| 04-Jul | 1515 | EU | ECB's Cipollone at National Statistics conference |
SCHATZ TECHS: (U4) Breaches Support At The 20-Day EMA
- RES 4: 106.009 2.382 proj of the May 24 - Jun 4 - 7 price swing
- RES 3: 105.975 High Jun 14 and the bull trigger
- RES 2: 105.895 High Jun 21
- RES 1: 105.620/105.780 20-day EMA / High Jun 28
- PRICE: 105.525 @ 05:39 BST Jul 2
- SUP 1: 105.475 Low Jul 1
- SUP 2: 105.440 61.8% retracement of the May 24 Jun 14 bull cycle
- SUP 3: 105.375 Low Jun 13
- SUP 4: 105.314 76.4% retracement of the May 24 Jun 14 bull cycle
Schatz futures traded lower Monday and the contract breached support around the 20-day EMA, at 105.620. This undermines the recent bullish theme and signals scope for a deeper retracement. A continuation lower would open 105.440, a Fibonacci retracement point. Clearance of this level would strengthen a developing bearish threat. On the upside, initial firm resistance to watch is 105.780, the Jun 28 high. A break would be bullish.
GBPUSD TECHS: Bear Threat Remains Present
- 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: 1.2632 @ 06:08 BST Jul 2
- 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 threat in GBPUSD remains present and the pair continues to trade closer to its recent lows. Recent weakness has resulted in a breach of a key support at 1.2669, the 50-day EMA, signalling scope for a deeper correction towards 1.2584 next, 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.
