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

Feb-28 06:19
Date Time Country Event
28-Feb 0900 IT ISTAT Consumer/Business Confidence
28-Feb 1000 EU EZ Economic Sentiment Indicator
28-Feb 1100 EU ECB's Lagarde & Cipollone in G20/CB Governors meeting
29-Feb 0700 DE Retail Sales
29-Feb 0745 FR GDP (f) / Consumer Spending/ HICP (p) / PPI
29-Feb 0800 ES HICP (p)
29-Feb 0855 DE Unemployment
29-Feb 0900 DE North Rhine Westphalia CPI/ Bavaria CPI
29-Feb 1300 DE HICP (p)
01-Mar 0815 ES S&P Global Manufacturing PMI (f)
01-Mar 0845 IT S&P Global Manufacturing PMI (f)
01-Mar 0850 FR S&P Global Manufacturing PMI (f)
01-Mar 0855 DE S&P Global Manufacturing PMI (f)
01-Mar 0900 EU S&P Global Manufacturing PMI (f)
01-Mar 1000 EU HICP (p)/ Unemployment
01-Mar 1000 IT HICP (p)

Historical bullets

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

Jan-29 06:18
Date Time Country Event
29-Jan 1310 EU ECB's de Guindos at Investment Outlook Conference
30-Jan 0630 FR Consumer Spending / GDP (p)
30-Jan 0700 DE GDP (p)
30-Jan 0800 ES HICP (p) / 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 EZ Prelim. Flash GDP / Economic Sentiment Indicator
31-Jan 0700 DE Import/Export Prices / Retail Sales
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)

EURJPY TECHS: Corrective Pullback

Jan-29 06:16
  • RES 4: 164.30 High Nov 16 and key resistance
  • RES 3: 163.72 High Nov 27
  • RES 2: 162.25 High Nov 29
  • RES 1: 161.86 High Jan 19 and the bull trigger
  • PRICE: 160.43 @ 06:15 GMT Jan 29
  • SUP 1: 159.71 20-day EMA
  • SUP 2: 158.55 Low Jan 12 and a key short-term support
  • SUP 3: 157.21 Low Jan 9
  • SUP 4: 156.08 Low Jan 4

The EURJPY trend condition remains bullish and the latest pullback appears to be a correction. The recent breach of resistance at 160.18, the Jan 11 high, confirmed a resumption of the uptrend. Note that 161.69, 76.4% of the Nov 16 - Dec 7 bear leg, has been pierced. A clear break of this retracement point would open 162.25, the Nov 29 high. Initial firm support is at 158.55, the Jan 12 low.

GILT TECHS: (H4) Bear Cycle Remains In Play

Jan-29 06:11
  • RES 4: 101.98 High Jan 3
  • RES 3: 100.81 High Jan 5
  • RES 2: 100.00 Round number resistance
  • RES 1: 99.43 20-day EMA
  • PRICE: 98.34 @ Close Jan 29
  • SUP 1: 97.57 Low Jan 25
  • SUP 2: 97.39 Low Dec 11 and a key support
  • SUP 3: 96.67 Low Dec 5
  • SUP 4: 96.10 Low Nov 30

The trend needle in Gilt futures continues to point south and last week’s bearish extension reinforces current conditions. The contract recently cleared support at 99.60, the Jan 5 low. This confirmed a resumption of the downtrend that started Dec 27, signalling scope for a continuation lower towards 97.39, the Dec 11 low. Firm resistance to watch is 99.43, the 20-day EMA. A clear break of the average would ease bearish pressure.