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 |
| 30-Dec | 0800 | ES | HICP (p) |
| 02-Jan | 0815 | ES | S&P Global Manufacturing PMI (f) |
| 02-Jan | 0845 | IT | S&P Global Manufacturing PMI (f) |
| 02-Jan | 0850 | FR | S&P Global Manufacturing PMI (f) |
| 02-Jan | 0855 | DE | S&P Global Manufacturing PMI (f) |
| 02-Jan | 0900 | EU | S&P Global Manufacturing PMI (f) / M3 |
| 06-Jan | 0745 | FR | HICP (p) |
| 06-Jan | 0815 | ES | S&P Global Services / Composite PMI (f) |
| 06-Jan | 0845 | IT | S&P Global Services / Composite PMI (f) |
| 06-Jan | 0850 | FR | S&P Global Services / Composite PMI (f) |
| 06-Jan | 0855 | DE | S&P Global Services / Composite PMI (f) |
| 06-Jan | 0900 | DE | Regional CPIs |
| 06-Jan | 0900 | EU | S&P Global Services / Composite PMI (f) |
| 06-Jan | 1300 | DE | Germany CPI (p) |
USDJPY TECHS: Remains Above Support
- RES 4: 158.87 High Jan 10 and a key resistance
- RES 3: 158.29 2.618 projection of the Sep 17 - 26 - Oct 1 price swing
- RES 2: 158.00 Round number resistance
- RES 1: 157.89 High Nov 20 and bull trigger
- PRICE: 155.71 @ 06:11 GMT Dec 24
- SUP 1: 155.29/154.40 Low Dec 18 / 50-day EMA
- SUP 2: 153.62 Low Nov 14
- SUP 3: 152.82 Low Nov 7
- SUP 4: 151.54 Low Oct 29
The trend structure in USDJPY is bullish and the latest pullback - for now - appears corrective. Note that MA studies are in a bull-mode position, highlighting a dominant uptrend. Attention is on 157.89, the Nov 20 high and a bull trigger. A break of this hurdle would confirm a resumption of the uptrend. Support to watch lies at 154.47, the 50-day EMA. A clear breach of it would undermine the bull theme and signal scope for a deeper correction.
EURGBP TECHS: Monitoring Support
- RES 4: 0.8865 High Nov 14 and a bull trigger
- RES 3: 0.8840 High Nov 20
- RES 2: 0.8818 High Nov 26
- RES 1: 0.8754/97 50-day EMA / High Dec 17 and a key resistance
- PRICE: 0.8728 @ 06:00 GMT Dec 24
- SUP 1: 0.8721/20 Low Dec 9 & 23 and a key support / Low Dec 23
- SUP 2: 0.8706 76.4% retracement of the Oct 8 - Nov 14 bull leg
- SUP 3: 0.8670 Low Oct 21
- SUP 4: 0.8656 Low Oct 8 and a key support
A bull cycle in EURGBP that started Dec 9 remains in place for now, and support to watch lies at 0.8721, the Dec 9 low. It has been pierced, a clear break of this level would undermine the bull theme and instead signal scope for a deeper corrective pullback. This would open 0.8706, a Fibonacci retracement point. Initial key short-term resistance is at 0.8797, the Dec 17 high. Clearance of this hurdle would be a bullish development.
