LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
| Date | Time | Country | Event |
| 20-Dec | 0700 | DE | PPI/ GFK Consumer Climate |
| 20-Dec | 0900 | EU | EZ Current Account |
| 20-Dec | 1000 | EU | Construction Production |
| 20-Dec | 1400 | EU | ECB Lane Speech On Euro Area Outlook |
| 20-Dec | 1500 | EU | Consumer Confidence Indicator (p) |
| 21-Dec | 0745 | FR | Manufacturing Sentiment |
| 21-Dec | 0900 | IT | PPI |
| 21-Dec | 1600 | EU | ECB Lane Participates In Workshop Panel |
| 22-Dec | 0745 | FR | Consumer Sentiment/ PPI |
| 22-Dec | 0800 | ES | GDP (f) |
| 22-Dec | 0900 | IT | ISTAT Business/Consumer Confidence |
| 22-Dec | 1400 | BE | BNB Business Sentiment |
| 26-Dec | 0800 | ES | PPI |
| 29-Dec | 0700 | DE | Import/Export Prices |
| 29-Dec | 0800 | ES | HICP (p) |
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LOOK AHEAD: Eurozone Timeline of Key Events (All Times in GMT)
| Date | Time | Country | Event |
| 20-Nov | 0500 | EU | ECB's Lane participates in CEBRA panel |
| 20-Nov | 0700 | DE | PPI |
| 20-Nov | 1000 | EU | Construction Production |
| 21-Nov | 0745 | FR | Retail Sales |
| 21-Nov | 1600 | EU | ECB's Lagarde discusses Inflation and democracy |
| 21-Nov | 1715 | EU | ECB's Schnabel at Wurzburg Policy Lecture |
| 22-Nov | 1410 | EU | ECB's Elderson speech on Green Transition |
| 22-Nov | 1500 | EU | Consumer Confidence Indicator (p) |
| 23-Nov | 0745 | FR | Manufacturing Sentiment |
| 23-Nov | 0815 | FR | S&P Global Services/Manufacturing PMI (p) |
| 23-Nov | 0830 | DE | S&P Global Services/Manufacturing PMI (p) |
| 23-Nov | 0900 | EU | S&P Global Services/Manufacturing/Composite PMI (p) |
| 24-Nov | 0700 | DE | GDP (f) |
| 24-Nov | 0800 | ES | PPI |
| 24-Nov | 0900 | DE | IFO Business Climate Index |
| 24-Nov | 1000 | EU | ECB's Lagarde participates in Future Europe event |
| 24-Nov | 1300 | EU | ECB's De Guindos remarks and Q&A |
| 24-Nov | 1400 | BE | BNB Business Sentiment |
SCHATZ TECHS: (Z3) Bullish Engulfing Candle Still In Play
- RES 4: 105.440 High Sep 4
- RES 3: 105.372 76.4% Fibonacci retracement Sep 1 - 21 downleg
- RES 2: 105.335 High Nov 2 and key resistance
- RES 1: 105.265 High Nov 17
- PRICE: 105.125 @ 06:00 GMT Nov 20
- SUP 1: 105.060/104.925 Low Nov 15 / 13 and key short-term support
- SUP 2: 104.880/765 Low Oct 20 / Sep 21 and the bear trigger
- SUP 3: 104.720 2.00 proj of the Aug 24 - 30 - Sep 1 price swing
- SUP 4: 104.620 Low Jul 11 (cont)
Schatz futures reversed course last Tuesday, and the contract maintains a firmer tone - for now. A bullish engulfing candle was confirmed on Nov 14 . If correct, the pattern signals scope for a climb towards key resistance at 105.335, the Nov 2 high. A break of this hurdle would strengthen the case for bulls. On the downside, a breach of 104.925, the Nov 14 low, would instead reinstate a bearish threat.
GBPUSD TECHS: Trend Needle Points North
- RES 4: 1.2643 High Sep 4
- RES 3: 1.2592 2.0% 10-dma envelope
- RES 2: 1.2589 50.0% retracement of the Jul 14 - Oct 4 bear leg
- RES 1: 1.2506 High Nov 14
- PRICE: 1.2480 @ 06:08 GMT Nov 20
- SUP 1: 1.2320 50-day EMA
- SUP 2: 1.2266/2187 Low Nov 14 / 10 and key short-term support
- SUP 3: 1.2138 Low Nov 2
- SUP 4: 1.2070 Low Oct 26
A bull cycle in GBPUSD remains in play and last week’s gains reinforce current bullish conditions. Resistance at 1.2428, the Nov 6 high, has been breached and note that price is also through 1.2459, 38.2% of the Jul 14 - Oct 4 bear leg. This signals scope for a climb towards 1.2589 next, the 50.0% retracement point. Firm short-term support is at 1.2187, the Nov 10 low. A short-term pullback would be considered corrective.
