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

Nov-26 06:18
DateTimeCountryEvent
26-Nov1605EUECB Lane Fireside Chat on Macro Outlook
26-Nov1700EUECB Lagarde Acceptance Speech
27-Nov0700DEGFK Consumer Climate
27-Nov0830EUECB Cipollone Remarks at Euro Cyber Resilience Board
27-Nov0900EUM3
27-Nov0900ITISTAT Business / Consumer Confidence
27-Nov1000EUConsumer Confidence, Industrial Sentiment
27-Nov1100EUECB de Guindos Remarks at CEDE Congress of Executives
28-Nov0700DEImport/Export Prices / Retail Sales
28-Nov0745FRHICP (p) / GDP (f) / PPI / Consumer Spend / Payrolls
28-Nov0800ESHICP (p)
28-Nov0855DEUnemployment
28-Nov0900ITGDP (f)
28-Nov0900DERegional CPIs
28-Nov0900EUECB Consumer Expectations Survey
28-Nov1000ITHICP (p)
28-Nov1300DEGermany CPI (p)

Historical bullets

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

Oct-27 06:18
DateTimeCountryEvent
27-Oct0900EUM3 / Consumer Expectations Survey
27-Oct0900DEIFO Business Climate Index
27-Oct0915EUECB Elderson Keynote on Banking Governance
28-Oct0700DEGFK Consumer Climate
28-Oct0900ITISTAT Consumer/Business Confidence
28-Oct0900EUECB Bank Lending Survey
29-Oct0800ESGDP (p)
29-Oct1100ITPPI
30-Oct0630FRGDP (p) / Consumer Spending
30-Oct0800ESHICP (p)
30-Oct0855DEUnemployment
30-Oct0900DEGDP (p) / State-level CPI
30-Oct0900ITGDP (p)
30-Oct1000EUESI / Unemployment / Flash GDP
30-Oct1300DEGermany HICP (p)
30-Oct1315EUECB Decision
30-Oct1345EUECB Press Conference
30-Oct1515EUECB Lagarde Presents Rate Decision on ECB Podcast

EURGBP TECHS: Trend Structure Remains Bullish

Oct-27 06:15
  • RES 4: 0.8835 High May 3 2023  
  • RES 3: 0.8800 Round number resistance 
  • RES 2: 0.8769 High Jul 28 and the bull trigger 
  • RES 1: 0.8751 High Sep 25  
  • PRICE: 0.8726 @ 06:14 BST Oct 27
  • SUP 1: 0.8683/8656 50-day EMA / Low Aug 10
  • SUP 2: 0.8633 Low Sep 15 
  • SUP 3: 0.8597 Low Aug 14 and key support 
  • SUP 4: 0.8562 50.0% retracement May 29 - Jul 28 upleg

The underlying trend condition in EURGBP is unchanged, it remains bullish and the cross is trading above support. Attention is on key resistance at 0.8769, the Jul 28 high and bull trigger. A break of this hurdle would confirm a resumption of the uptrend. The first support to monitor lies at 0.8683, the 50-day EMA. It has recently been pierced, a clear break of this level would signal scope for a deeper retracement towards 0.8633, the Sep 15 low.

BUND TECHS: (Z5) Corrective Cycle Extends

Oct-27 06:08
  • RES 4: 130.99 76.4% retracement of Jun 13 - Sep 25 bear leg (cont)   
  • RES 3: 130.80 High Jun 13 and key resistance 
  • RES 2: 130.63 1.500 proj of the Sep 3 - 10 - 25 price swing
  • RES 1: 130.07/59 High Oct 24 / 17 and the bull trigger    
  • PRICE: 129.30 @ 05:52 BST Oct 27
  • SUP 1: 129.29 Intraday low      
  • SUP 2: 129.04 50-day EMA
  • SUP 3: 128.52 76.4% retracement of the Sep 25 - Oct 17 Bull leg
  • SUP 4: 128.25 Low Oct 7  

Bund futures traded sharply lower last week and the contract maintains a softer tone, for now. The move down is considered corrective and is allowing an overbought trend condition to unwind. Initial key support at 129.43, the 20-day EMA, has been breached. This exposes the 50-day EMA, currently at 129.06. For bulls, a reversal would refocus attention of the key resistance at 130.59, the Oct 17 high.

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