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

Mar-15 06:18
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

Historical bullets

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

Feb-13 06:18
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 TECHS: (H3) Bearish Outlook

Feb-13 06:17
  • RES 4: 142.59 0.764 proj of the Jan 2 - 19 - 30 price swing
  • RES 3: 141.70 High Dec 13
  • RES 2: 140.73 High Jan 19 and the bull trigger
  • RES 1: 137.71/139.86 50-day EMA / High Feb 2
  • PRICE: 136.00 @ 20:16 GMT Feb 12
  • SUP 1: 135.62 Low Feb 8
  • SUP 2: 135.08 Low Jan 4
  • SUP 3: 134.52 76.4% retracement of the Jan 2 - 19 bull run
  • SUP 4: 133.79 Low Jan 3

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 TECHS: (H3) Pullback Considered Corrective

Feb-13 06:02
  • RES 4: 121.26 0.764 proj of the Dec 30 - Jan 19 - 30 price swing
  • RES 3: 120.00 Psychological round number
  • RES 2: 118.56/96 High Jan 19 / Dec 7 and a key resistance zone
  • RES 1: 116.33/118.18 High Feb 9 / High Feb 2
  • PRICE: 114.99 @ Close Feb 10
  • SUP 1: 114.22/113.47 Low Feb 8 / Low Jan 30 and key support
  • SUP 2: 112.26 61.8% retracement of the Dec 30 - Jan 19 rally
  • SUP 3: 111.59 Low Jan 6
  • SUP 4: 110.77 Low Jan 4 and 76.4% of the Dec 30 - Jan 19 rally

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.