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

Jan-21 06:18
DateTimeCountryEvent
21-Jan0730EUECB Lagarde Dialogue at World Economic Forum
21-Jan1645EUECB Lagarde on EU Single Market at WEF
22-Jan1230EUECB Publishes Account of Dec MonPol Meeting
22-Jan1500EUConsumer Confidence Indicator (p)
23-Jan0745FRManufacturing Sentiment
23-Jan0815FRS&P Global Manuf / Services PMI (p)
23-Jan0830DES&P Global Manuf / Services PMI (p)
23-Jan0900EUS&P Global Manuf / Services / Comp PMI (p)
23-Jan1000EUECB Lagarde on Global Economic Outlook at WEF
26-Jan0800ESPPI
26-Jan0900DEIFO Business Climate Index
26-Jan1400BEBNB Business Confidence
27-Jan0745FRConsumer Sentiment
27-Jan0800ESLabour Market Survey
28-Jan0700DEGFK Consumer Climate
28-Jan0900ITISTAT Businesss / Consumer Confidence
28-Jan1800EUECB Schnabel at Women's Network Meeting

Historical bullets

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

Dec-22 06:18
DateTimeCountryEvent
22-Dec0900ITPPI
23-Dec0700DEImport/Export Prices
23-Dec0800ESGDP (f) / PPI
30-Dec0800ESHICP (p)
02-Jan0815ESS&P Global Manufacturing PMI (f)
02-Jan0845ITS&P Global Manufacturing PMI (f)
02-Jan0850FRS&P Global Manufacturing PMI (f)
02-Jan0855DES&P Global Manufacturing PMI (f)
02-Jan0900EUS&P Global Manufacturing PMI (f) / M3
06-Jan0745FRHICP (p)
06-Jan0815ESS&P Global Services / Composite PMI (f)
06-Jan0845ITS&P Global Services / Composite PMI (f)
06-Jan0850FRS&P Global Services / Composite PMI (f)
06-Jan0855DES&P Global Services / Composite PMI (f)
06-Jan0900DERegional CPIs
06-Jan0900EUS&P Global Services / Composite PMI (f)
06-Jan1300DEGermany CPI (p)

SILVER TECHS: Northbound

Dec-22 06:11
  • RES 4: $71.771 - 2.618 proj of the Oct 28 - Nov 13 - 21 price swing
  • RES 3: $70.729 - 2.500 proj of the Oct 28 - Nov 13 - 21 price swing 
  • RES 2: $70.000 - Psychological round number
  • RES 1: $69.687 - 2.382 proj of the Oct 28 - Nov 13 - 21 price swing   
  • PRICE: $69.008 @ 06:11 GMT Dec 22
  • SUP 1: $64.493 - Low Dec 19  
  • SUP 2: $60.305 - 20-day EMA    
  • SUP 3: $54.931 - 50-day EMA 
  • SUP 4: $51.309 - Low Nov 26 

Trend signals in Silver remain bullish and another fresh cycle high, today, reinforces bullish conditions. This also maintains the current impulsive nature of the rally. Note that moving average studies are in a bull position and this continues to highlight a dominant medium-term uptrend. Sights are on $69.687 next, a Fibonacci projection, ahead of the psychological $70.00 handle. Initial firm support is at $60.305, the 20-day EMA. 

GOLD TECHS: Resumes Its Uptrend

Dec-22 06:04
  • RES 4: $4500.0 - Round number resistance
  • RES 3: $4493.7 - 1.382 proj of the Oct 28 - Nov 13 - Nov 18 swing 
  • RES 2: $4441.3 - 1.236 proj of the Oct 28 - Nov 13 - Nov 18 swing 
  • RES 1: $4409.6 - Intraday high                    
  • PRICE: $4401.8 @ 06:03 GMT Dec 22 
  • SUP 1: $4240.5 - 20-day EMA 
  • SUP 2: $4170.3 - Low Dec 9 
  • SUP 3: $4115.7 - 50-day EMA 
  • SUP 4: $3998.1 - Low Nov 18

The trend structure in Gold is unchanged, it remains bullish and today’s fresh cycle high reinforces current conditions. The break higher confirms a resumption of the primary uptrend. The metal has traded through the psychological $4400.0 handle and this opens $4441.3 next, a Fibonacci projection. Initial firm support to watch lies at $4240.5, the 20-day EMA. A pullback would be considered corrective.