LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
| Date | Time | Country | Event |
| 26-Jan | 0700 | DE | GFK Consumer Climate |
| 26-Jan | 0745 | FR | Consumer Sentiment |
| 26-Jan | 0900 | EU | M3 |
| 29-Jan | 1200 | EU | ECB's de Guindos on Investment Outlook |
| 30-Jan | 0630 | FR | Consumer Spending/ GDP (p) / HICP (p) |
| 30-Jan | 0800 | ES | GDP (p) |
| 30-Jan | 0900 | IT | GDP (p) / PPI |
| 30-Jan | 0900 | EU | ECB's Lane on 'a year with the euro in Croatia' |
| 30-Jan | 1000 | EU | EMU Preliminary Flash GDP Q/Q and Y/Y |
| 30-Jan | 1000 | EU | EZ Economic Sentiment Indicator |
| 31-Jan | 0700 | DE | Import/Export Prices/ Retail Sales/ GDP (p) |
| 31-Jan | 0745 | FR | HICP (p)/PPI |
| 31-Jan | 0855 | DE | Unemployment |
| 31-Jan | 0900 | DE | North Rhine Westphalia/ Bavaria CPI |
| 31-Jan | 1300 | DE | HICP (p) |
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LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
| Date | Time | Country | Event |
| 29-Dec | 0800 | ES | HICP (p) |
| 02-Jan | 0815 | ES | S&P Global Manufacturing PMI |
| 02-Jan | 0845 | IT | S&P Global Manufacturing PMI |
| 02-Jan | 0850 | FR | S&P Global Manufacturing PMI (f) |
| 02-Jan | 0855 | DE | S&P Global Manufacturing PMI (f) |
| 02-Jan | 0900 | EU | M3 |
| 02-Jan | 0900 | EU | S&P Global Manufacturing PMI (f) |
| 03-Jan | 0855 | DE | Unemployment |
| 04-Jan | 0745 | FR | HICP (p) |
| 04-Jan | 0815 | ES | S&P Global Composite/Services PMI |
| 04-Jan | 0845 | IT | S&P Global Composite/Services PMI |
| 04-Jan | 0850 | FR | S&P Global Composite/Services PMI |
| 04-Jan | 0855 | DE | S&P Global Composite/Services PMI |
| 04-Jan | 0900 | EU | S&P Global Composite/Services PMI |
| 04-Jan | 1300 | DE | HICP (p) |
EUROSTOXX50 TECHS: (H4) Pullback Considered Corrective
- RES 4: 4697.50 1.382 projection of the Nov 8 - 24 - 28 price swing
- RES 3: 4662.90 1.236 projection of the Nov 8 - 24 - 28 price swing
- RES 2: 4636.70 76.4% retracement of the 2000 - 2009 downleg (cont)
- RES 1: 4634.00 High Dec 14 and the bull trigger
- PRICE: 4579.00 @ 05:58 GMT Dec 27
- SUP 1: 4530.00 Low Dec 20
- SUP 2: 4513.70 20-day EMA
- SUP 3: 4447.00 Low Dec 5
- SUP 4: 4370.00 Low Nov 28
A bullish theme in Eurostoxx 50 futures remains intact and the latest pullback appears to be a correction. Recent gains confirmed, once again, a resumption of the uptrend and this has maintained the bullish price sequence of higher highs and higher lows. Moving average studies are in a bull-mode position too, signalling a rising trend cycle. The focus is on 4636.70, a L/T Fibonacci retracement. Support to watch is 4513.70, the 20-day EMA.
EURGBP TECHS: Trend Needle Points North
- RES 4: 0.8814 High May 4
- RES 3: 0.8768 High Nov 20 and key resistance
- RES 2: 0.8716 76.4% retracement of the Nov 20 - Dec 11 sell-off
- RES 1: 0.8687 High Dec 26
- PRICE: 0.8673 @ 06:09 GMT Dec 27
- SUP 1: 0.8618 Low Dec 20
- SUP 2: 0.8571/8549 Low Dec 15 / 11 and the bear trigger
- SUP 3: 0.8524 Low Sep 5
- SUP 4: 0.8493 Low Aug 23 and a key support
EURGBP traded higher last week and the cross is holding on to its recent gains. Resistance at 0.8650, the 50-day EMA, has been cleared highlighting a stronger short-term reversal. This signals potential for a continuation of the bull cycle. Sights are on 0.8716 next, a Fibonacci retracement point. On the downside, key support is unchanged at 0.8549, the Dec 11 low. Initial support is seen at 0.8618, the Dec 20 low.
