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

Feb-21 06:18
Date Time Country Event
21-Feb 1500 EU Consumer Confidence Indicator (p)
22-Feb 0745 FR Manufacturing Sentiment
22-Feb 0815 FR S&P Global Services/Manufacturing/Composite PMI (p)
22-Feb 0830 DE S&P Global Services/ Manufacturing PMI (p)
22-Feb 0900 IT Italy Final HICP
22-Feb 0900 EU S&P Global Services/ Manufacturing/Composite PMI (p)
22-Feb 1000 EU HICP (f)
23-Feb 0700 DE GDP (f)
23-Feb 0800 EU ECB's Lagarde and Cipollone in Eurogroup meeting
23-Feb 0800 EU ECB's Lagarde, de Guindos,Cipollone in ECONFIN meeting
23-Feb 0900 DE IFO Business Climate Index
23-Feb 0900 EU ECB Consumer Expectations Survey
23-Feb 0920 EU ECB's Schnabel lecture on Inflation fight at Bocconi
23-Feb 1300 EU ECB's Schnabel speech at Forum Analysis
23-Feb 1400 BE BNB Business Sentiment

Historical bullets

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

Jan-22 06:18
Date Time Country Event
23-Jan 0900 EU ECB Bank Lending Survey
23-Jan 1500 EU Consumer Confidence Indicator (p)
24-Jan 0815 FR S&P Global Services/Manufacturing/Composite PMI (p)
24-Jan 0830 DE S&P Global Services/Manufacturing/Composite PMI (p)
24-Jan 0900 EU S&P Global Services/Manufacturing/Composite PMI (p)
25-Jan 0745 FR Manufacturing Sentiment
25-Jan 0800 ES PPI
25-Jan 0900 DE IFO Business Climate Index
25-Jan 1315 EU ECB Deposit/Main Refi/Marginal Lending Rate
25-Jan 1345 EU ECB Monetary Policy Press Conference
25-Jan 1400 BE BNB Business Sentiment
25-Jan 1515 EU ECB's Lagarde ECB Podcast
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

SCHATZ TECHS: (H4) Downtrend Remains Intact

Jan-22 06:12
  • RES 4: 106.640 High Dec 29 and the bull trigger
  • RES 3: 106.360 Low Jan 3
  • RES 2: 106.270 High Jan 5
  • RES 1: 106.117 20-day EMA
  • PRICE: 105.900 @ 05:549 GMT Jan 18
  • SUP 1: 105.780 Low Dec 1 and Jan 19
  • SUP 2: 105.730 Low Nov 30
  • SUP 3: 105.660 High Nov 17
  • SUP 4: 105.470 Low Nov 28

The downtrend in Schatz futures remains intact. Key S/T support at 105.955, the Dec 13 low, has been cleared. This strengthens the current bearish theme and signals scope for a continuation lower near-term. Sights are on 105.730 next, the Nov 30 low. On the upside, initial key resistance is at 106.270, the Jan 5 / 12 high. A clear breach of this hurdle would ease bearish pressure and signal a reversal. First resistance is 106.117, the 20-day EMA.

GBPUSD TECHS: Remains Above Last Week’s Low

Jan-22 06:04
  • RES 4: 1.2996 High Jul 27
  • RES 3: 1.2881 76.4% retracement of the Jul 14 - Oct 4 bear leg
  • RES 2: 1.2827 High Dec 28 and the bull trigger
  • RES 1: 1.2737 High Jan 16
  • PRICE: 1.2724 @ 06:03 GMT Jan 22
  • SUP 1: 1.2597 Low Jan 17 and key short-term support
  • SUP 2: 1.2525 38.2% retracement of the Oct 4 - Dec 28 bull phase
  • SUP 3: 1.2500 Low Dec 13
  • SUP 4: 1.2432 50.0% retracement of the Oct 4 - Dec 28 bull phase

GBPUSD traded lower last week but has managed to recover from 1.2597, the Jan 17 low. The pair has recently pierced key short-term support at 1.2611, the Jan 2 low and traded through the 50-day EMA, at 1.2621. A clear breach of both support points would highlight a short-term top and signal scope for a deeper retracement, opening 1.2500, the Dec 13 low. Key resistance is 1.2827, the Dec 28 high. A break would resume the uptrend.