LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
| Date | Time | Country | Event |
| 08-Mar | 0700 | DE | Industrial Production / PPI |
| 08-Mar | 0745 | FR | Foreign Trade |
| 08-Mar | 0800 | ES | Industrial Production |
| 08-Mar | 0900 | IT | PPI |
| 08-Mar | 1000 | EU | GDP (final) / Employment |
| 11-Mar | 0800 | EU | ECB's Cipollone in Eurogroup meeting |
| 12-Mar | 0700 | DE | HICP (f) |
| 12-Mar | 0800 | EU | ECB's De Guindos participates in ECONFIN meeting |
| 12-Mar | 1445 | EU | ECB's Elderson at "banking sector & climate" workshop |
| 13-Mar | 1000 | EU | Industrial Production |
| 13-Mar | 1145 | EU | ECB's Cipollone at conference in Milan |
| 14-Mar | 0800 | ES | HICP (f) |
| 14-Mar | 0930 | EU | ECB's Elderson at European Banking Federation meeting |
| 14-Mar | 1800 | EU | ECB's De Guindos fireside chat at Foros |
| 15-Mar | 0745 | FR | HICP (f) |
| 15-Mar | 0900 | IT | Italy Final HICP |
| 15-Mar | 1000 | IT | Retail Sales |
| 15-Mar | 1430 | EU | ECB's Lane lecture at Imperial College |
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LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
| Date | Time | Country | Event |
| 07-Feb | 0700 | DE | Industrial Production |
| 07-Feb | 0745 | FR | Foreign Trade |
| 07-Feb | 0800 | ES | Industrial Production |
| 07-Feb | 0900 | IT | Retail Sales |
| 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 Assion 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 speech at Mediterrean CB's conference |
| 14-Feb | 1000 | EU | Industrial Production/ GDP (p) |
| 14-Feb | 1400 | EU | ECB's Cipollone statement on digital euro |
SCHATZ TECHS: (H4) Pierces The Bear Trigger
- RES 4: 106.432 76.4% retracement of the Dec 29 - Jan 25 bear leg
- RES 3: 106.304 61.8% retracement of the Dec 29 - Jan 25 bear leg
- RES 2: 106.270 High Jan 5 and key short-term resistance
- RES 1: 105.993 20-day EMA / High Jan 31 and key resistance
- PRICE: 105.830 @ 05:41 GMT Feb 7
- SUP 1: 105.730 Low Nov 30
- SUP 2: 105.660 High Nov 17
- SUP 3: 105.470 Low Nov 28
- SUP 4: 105.260 Low Nov 24 and a key support
A broader downtrend in Schatz futures remains intact and the strong sell-off from 106.215, the Jan 31 high, reinforces this condition. This week’s move move lower has resulted in a print below 105.760, the Jan 25 low and bear trigger. A clear break of this support would confirm a resumption of the bear cycle that started Dec 29. This would open 105.660, the Nov 16 high. Key resistance has been defined at 106.215.
GBPUSD TECHS: Gains Considered Corrective
- RES 4: 1.2881 76.4% retracement of the Jul 14 - Oct 4 bear leg
- RES 3: 1.2827 High Dec 28 and the bull trigger
- RES 2: 1.2674/2775 20-day EMA / High Jan 24
- RES 1: 1.2643 50-day EMA
- PRICE: 1.2606 @ 05:55 GMT Feb 7
- SUP 1: 1.2519 Low Feb 5
- SUP 2: 1.2500 Low Dec 13
- SUP 3: 1.2432 50.0% retracement of the Oct 4 - Dec 28 bull phase
- SUP 4: 1.2374 Low Nov 17
GBPUSD bearish conditions remain intact and yesterday’s recovery appears to be a correction. The recent sell-off has resulted in a clear break of support at 1.2597, the Jan 17 low and the base of a range that has been in place since mid-January. The clear range breakout strengthens a bearish condition and opens 1.2500, the Dec 13 low. Initial firm resistance is at 1.2674, the 20-day EMA. Key resistance is unchanged at 1.2827, the Dec 28 high.
