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

Jan-11 06:18
Date Time Country Event
11-Jan 0800 ES Industrial Production
11-Jan 0900 IT Industrial Production
12-Jan 0745 FR HICP (f) / Consumer Spending
12-Jan 0800 ES HICP (f)
12-Jan 1230 EU ECB's Lane Speech + Q&A at REBUILD Annual Conference
15-Jan 0800 DE German Annual 2023 GDP First Estimate
15-Jan 0900 EU ECB's Lagarde and Cipollone in Eurogroup meeting
15-Jan 1000 EU Industrial Production / Trade
16-Jan 0700 DE HICP (f)
16-Jan 0900 IT Italy Final HICP
16-Jan 0900 EU ECB Consumer Expectations Survey
16-Jan 0900 EU ECB's De Guindos in ECOFIN meeting
16-Jan 1000 DE ZEW Current Conditions/Expectations Index
17-Jan 1000 EU HICP (f)

Historical bullets

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

Dec-12 06:18
Date Time Country Event
12-Dec 1000 DE ZEW Current Conditions/Expectations Index
13-Dec 1000 EU Industrial Production
14-Dec 0745 FR Retail Sales
14-Dec 0800 ES HICP (f)
14-Dec 1315 EU ECB Rate Decision
14-Dec 1345 EU ECB Monetary Policy Press Conference
14-Dec 1515 EU ECB Lagarde participates in MP Podcast
15-Dec 0745 FR HICP (f)
15-Dec 0815 FR S&P Global Services/Manufacturing PMI (p)
15-Dec 0830 DE S&P Global Services/Manufacturing PMI (p)
15-Dec 0900 IT Italy Final HICP
15-Dec 0900 EU S&P Global Services/Manufacturing/Composite PMI (p)
15-Dec 1000 EU Trade Balance
18-Dec 0900 DE IFO Business Climate Index
18-Dec 1330 EU ECB Schnabel Lectures On EU Fiscal Policy
18-Dec 1500 EU ECB Lane Chairs Panel on EMU Reforms
19-Dec 0900 EU ECB Elderson Statement On Banking Risks and Priorities
19-Dec 1000 EU HICP (f)

EURGBP TECHS: Bear Flag Formation

Dec-12 06:12
  • RES 4: 0.8725 High Nov 22
  • RES 3: 0.8690 High Nov 27
  • RES 2: 0.8637 20-day EMA
  • RES 1: 0.8616 Low Oct 11
  • PRICE: 0.8564 @ 06:09 GMT Dec 12
  • SUP 1: 0.8549 Low Dec 11
  • SUP 2: 0.8524 Low Sep 5
  • SUP 3: 0.8493 Low Aug 23 and a key support
  • SUP 4: 0.8421 2.0% 10-dma envelope

EURGBP is consolidating. The trend outlook remains bearish and the recent sideways move appears to be a bear flag formation - a bearish continuation signal. Moving average studies are in a bear-mode position too, highlighting a downtrend. Attention is on 0.8558, 76.4% of the Aug 23 - Nov 20 bull leg. It has been pierced, a clear break would open 0.8524, the Sep 5 low. Initial resistance is seen 0.8616, Oct 11 low.

EUROSTOXX50 TECHS: (Z3) Continues To Climb

Dec-12 06:05
  • RES 4: 4665.50 2.50 proj of the Oct 27 - Nov 3 - Nov 8 price swing
  • RES 3: 4636.70 76.4% retracement of the 2000 - 2009 downleg
  • RES 2: 4608.00 High Jun 2007 and a key resistance
  • RES 1: 4561.00 2.00 proj of the Oct 27 - Nov 3 - 8 price swing
  • PRICE: 4554.00 @ 05:45 GMT Dec 12
  • SUP 1: 4463.00/4398.00 Low Dec 6 / 20-day EMA
  • SUP 2: 4312.10 50-day EMA
  • SUP 3: 4238.00 Low Nov 14
  • SUP 4: 4185.00 Low Nov 9 and 10

A bullish theme in Eurostoxx 50 futures remains intact and the contract continues to climb. The fresh trend high confirms a resumption of the uptrend and maintains a bullish price sequence of higher highs and higher lows. Moving average studies are in a bull-mode position too, signalling a rising cycle. The focus is on 4561.00, a Fibonacci projection. Support to watch is at 4398.00, the 20-day EMA.