Date | Time | Country | Event |
15-Mar | 0745 | FR | HICP (f) |
15-Mar | 1000 | EU | Industrial Production |
16-Mar | 0900 | IT | Italy Final HICP |
16-Mar | 1245 | EU | ECB Rate Decisions |
16-Mar | 1345 | EU | ECB Press Conference Following Rate Decision |
17-Mar | 1000 | EU | HICP (f) |
20-Mar | 0700 | DE | PPI |
20-Mar | 1000 | EU | Trade Balance |
20-Mar | 1400 | EU | ECB Lagarde Intro at ECON Hearing |
20-Mar | 1600 | EU | ECB Lagarde Intro as ESRB Chair at ECON |
21-Mar | 1000 | DE | ZEW Survey |
21-Mar | 1000 | EU | Construction Production |
21-Mar | 1230 | EU | ECB Lagarde Panellist at BIS Summit |
Find more articles and bullets on these widgets:
Date | Time | Country | Event |
13-Feb | ---- | EU | ECB Lagarde & Panetta at Eurogroup Meeting |
14-Feb | ---- | EU | ECB de Guindos at ECOFIN Meeting |
14-Feb | 1000 | EU | GDP (p) / Employment |
15-Feb | 0800 | ES | HICP (f) |
15-Feb | 1000 | EU | Industrial Production / Trade Balance |
15-Feb | 1400 | EU | ECB Lagarde at Plenary Debate on ECB Annual Report |
16-Feb | 0915 | EU | ECB Panetta Discussion at Centre for European Reform |
16-Feb | 1500 | EU | ECB Lane Dow Lecture at NIES London |
16-Feb | 1945 | EU | ECB de Guindos Students Discussion |
17-Feb | 0700 | DE | PPI |
17-Feb | 0745 | FR | HICP (f) |
17-Feb | 0900 | EU | EZ Current Account |
20-Feb | 0700 | DE | PPI |
20-Feb | 1000 | EU | Construction Production |
20-Feb | 1500 | EU | Consumer Confidence Indicator (p) |
Bund futures are trading closer to their recent lows. The contract last week breached support at 136.38, the Jan 30 low and this has strengthened the current bearish cycle. The focus is on 135.08 next, the Jan 4 low. Moving average studies are in a bear-mode position, reinforcing current conditions and highlighting bearish sentiment. On the upside, resistance to watch is at 137.71, the 50-day EMA.
BTP futures traded sharply higher on Feb 2 and the contract breached resistance at 116.94, the Jan 25 high. The contract has pulled back from its recent highs, however, the move lower is considered corrective - for now. Key short-term support to watch lies at 113.47, the Jan 30 low. A break would be a bearish development. A reversal higher would signal scope for a test of firm resistance at 118.56, the Jan 19 high and 118.96, the Dec 7 high.