LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
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LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
| Date | Time | Country | Event |
| 09-Dec | 0700 | DE | Trade Balance |
| 10-Dec | 0900 | IT | Industrial Production |
| 10-Dec | 1055 | EU | ECB Lagarde Interview on Currencies/Digital Euro |
| 11-Dec | --- | EU | ECB Lagarde and Cipollone at Eurogroup Meeting |
| 12-Dec | 0700 | DE | Germany CPI (f) |
| 12-Dec | 0745 | FR | HICP (f) |
| 12-Dec | 0800 | ES | HICP (f) |
| 12-Dec | --- | EU | ECB de Guindos at ECOFIN Meeting |
| 15-Dec | 1000 | EU | EZ Industrial Production |
| 16-Dec | 0815 | FR | S&P Global Manuf / Services PMI (p) |
| 16-Dec | 0830 | DE | S&P Global Manuf / Services PMI (p) |
| 16-Dec | 0900 | EU | S&P Global Manuf / Serv / Comp PMI (p) |
| 16-Dec | 0900 | IT | Italy Final HICP |
| 16-Dec | 1000 | EU | Trade Balance |
| 16-Dec | 1000 | DE | ZEW Current Expectations Index |
| 16-Dec | 1000 | IT | Foreign Trade |
| 17-Dec | 0900 | DE | IFO Business Climate Index |
| 17-Dec | 1000 | EU | EZ HICP Final |
BOBL TECHS: (H6) Oversold But Remains In A Bear Mode Condition
- RES 4: 117.140 High Nov 26 and key resistance
- RES 3: 117.070 High Nov 27
- RES 2: 116.960 High Dec 1
- RES 1: 116.320/770 High Dec 8 / 3
- PRICE: 115.880 @ 05:55 GMT Dec 9
- SUP 1: 115.870 Low Dec 8
- SUP 2: 115.845.3.500 proj of the Nov 6 - 14 - 26 price swing
- SUP 3: 115.801 3.618 proj of the Nov 6 - 14 - 26 price swing
- SUP 4: 115.747 3.764 proj of the Nov 6 - 14 - 26 price swing
The trend theme in Bobl futures is bearish - last week’s sell-off plus Monday’s extension, reinforces a bear theme. Price last week breached support 116.790, the Nov 14 and 20 low. This confirmed a resumption of the downtrend that started mid-October. Sights are on 115.845 next, a Fibonacci projection. The trend is oversold, a recovery would allow this set-up to unwind. First important resistance is at 116.770, the Dec 3 high.
EURUSD TECHS: Trading Closer To Its Recent Highs
- RES 4: 1.1779 High Oct 1
- RES 3: 1.1747 50.0% retracement of the Sep 17 - Nov 5 bear leg
- RES 2: 1.1728 High Oct 17
- RES 1: 1.1694 50.0% retracement of the Sep 17 - Nov 5 bear leg
- PRICE: 1.1646 @ 06:03 GMT Dec 9
- SUP 1: 1.1605 20-day EMA
- SUP 2: 1.1547 Low Nov 26
- SUP 3: 1.1491/1469 Low Nov 21
- SUP 4: 1.1469 Low Nov 5 and the bear trigger
EURUSD continues to trade closer to its recent highs and a bull cycle remains intact for now. The recent breach of key short-term resistance at 1.1656, the Nov 13 high and a bull trigger, highlights a potential reversal and opens 1.1694 next, a Fibonacci retracement. Clearance of this retracement point would strengthen the developing bull theme. Initial support to watch is 1.1605, the 20-day EMA. A breach of the EMA would be bearish.
