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

Feb-08 06:18
Date Time Country Event
08-Feb 1530 EU ECB's Lane at Brookings Institution
09-Feb 0700 DE HICP (f)
09-Feb 0900 IT Industrial Production
09-Feb 1415 EU ECB's Cipollone speaks at Assiom Forex Annual Congress
10-Feb 0900 EU The ECB Podcast on future euro banknotes
12-Feb 0945 EU ECB's Lane at conference on statistics post pandemic
12-Feb 1315 EU ECB's Lane participates in 'post-pandemic' roundtable
12-Feb 1550 EU ECB's Cipollone participates in panel on Euro@25
13-Feb 1000 DE ZEW Current Expectations/ Conditions Index
14-Feb 0830 EU ECB's De Guindos at Mediterranean CB's conference
14-Feb 1000 EU Industrial Production/ GDP (p)
14-Feb 1400 EU ECB's Cipollone statement on digital euro
15-Feb 0800 ES HICP (f)
15-Feb 0800 EU ECB's Lagarde statement at ECON hearing
15-Feb 1000 EU Trade Balance
15-Feb 1200 EU ECB's Lane seminar at Florence School

Historical bullets

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

Jan-09 06:18
Date Time Country Event
09-Jan 0700 DE Industrial Production
09-Jan 0745 FR Foreign Trade
09-Jan 1000 EU Unemployment
10-Jan 0745 FR Industrial Production
10-Jan -0100 EU ECB's De Guindos speech at Spain Investor Day
10-Jan 1000 IT Retail Sales
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

GILT TECHS: (H4) Maintains A Softer Tone

Jan-09 06:14
  • RES 4: 103.94 High Dec 27 and the bull trigger
  • RES 3: 103.33 High Dec 29
  • RES 2: 101.98 High Jan 3
  • RES 1: 100.97 20-day EMA
  • PRICE: 100.45 @ Close Jan 08
  • SUP 1: 99.60 Low Jan 05
  • SUP 2: 98.97 High Dec 6 and a recent breakout level
  • SUP 3: 97.39 Low Dec 11
  • SUP 4: 96.67 Low Dec 5

Gilt futures maintain a softer tone and the contract is trading closer to its recent lows. Last week’s move lower resulted in a break of the 20-day EMA, suggesting scope for a continuation of the bear cycle near-term. This has exposed support at 98.97, the Dec 6 high. On the upside, initial firm resistance to watch is at 101.98, the Jan 3 high. A break would ease bearish pressure.

USDJPY TECHS: Trend Signals Remain Bearish

Jan-09 06:05
  • RES 4: 147.32 High Dec 7
  • RES 3: 146.59 High Dec 11
  • RES 2: 145.97 High Jan 05 and short-term bull trigger
  • RES 1: 145.28 50-day EMA
  • PRICE: 143.83 @ 06:01 GMT Jan 09
  • SUP 1: 142.86 Low Jan 4
  • SUP 2: 141.86 Low Jan 3
  • SUP 3: 140.25 Low Dec 28 and the bear trigger
  • SUP 4: 139.11 2.236 proj of the Nov 13 - 21 - 22 price swing

The move lower in USDJPY from last Friday’s high means that resistance around the 50-day EMA - at 145.28 - remains intact for now. Trend signals remain bearish and the recent impulsive rally appears to be a correction. A continuation lower would refocus attention on 140.25, the Dec 28 low. On the upside, resistance to watch is 145.97, Friday’s high. A break of this level would be a bullish development.