LOOK AHEAD: Eurozone Timeline of Key Events (UK Time)

Oct-26 05:18
Date Time Country Event
26-Oct 1315 EU ECB Deposit/ Main Refi/ Marginal lending rate
26-Oct 1345 EU Press conference post- ECB meeting
26-Oct 1515 EU ECB's Lagarde presents monetary policy via Podcast
27-Oct 0745 FR Consumer Sentiment
27-Oct 0800 ES GDP (p)
27-Oct 0900 IT ISTAT Business/Consumer Confidence
27-Oct - EU ECB's Lagarde Participates in Euro Summit
30-Oct 0630 DE North Rhine Westphalia CPI
30-Oct 0800 ES HICP (p)
30-Oct 0900 DE Bavaria CPI
30-Oct 0930 DE Baden Wuerttemberg CPI
30-Oct 1000 EU EZ Economic Sentiment Indicator
30-Oct 1000 DE Saxony CPI
30-Oct 1300 DE HICP (p)

Historical bullets

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

Sep-26 05:18
Date Time Country Event
26-Sep 0800 EU ECB's Lane speaks at CEPR conference
27-Sep 0700 DE GFK Consumer Climate
27-Sep 0745 FR Consumer Sentiment
27-Sep 0900 EU M3
28-Sep 0630 DE North Rhine Westphalia CPI
28-Sep 0800 ES HICP (p)
28-Sep 0900 IT ISTAT Business/Consumer Confidence
28-Sep 0900 DE Baden Wuerttemberg/Bavaria CPI
28-Sep 1000 EU EZ Economic Sentiment Indicator
28-Sep 1000 IT PPI
28-Sep 1000 DE Saxony CPI
28-Sep 1300 DE HICP (p)
29-Sep 0700 DE Retail Sales / Import/Export Prices
29-Sep 0745 FR HICP (p) / PPI / Consumer Spending
29-Sep 0840 EU ECB's Lagarde speaks at IEA-ECB-EIB Conference
29-Sep 0855 DE Unemployment
29-Sep 1000 EU HICP (p)
29-Sep 1000 IT HICP (p)

EUROSTOXX50 TECHS: (Z3) Clears Key Support

Sep-26 05:13
  • RES 4: 4446.00 High Aug 10
  • RES 3: 4409.60 61.8% retracement of the Jul 31 - Sep 8 downleg
  • RES 2: 4388.00 High Aug 30 and key resistance
  • RES 1: 4279.40/4359.00 20-day EMA / High Sep 15
  • PRICE: 4183.00 @ 05:55 BST Sep 26
  • SUP 1: 4163.00 1.00 proj of the Aug 10 - 18 - 30 price swing
  • SUP 2: 4142.80 61.8% retracement of the Mar 20 - Jul 31 climb (cont)
  • SUP 3: 4109.90 1.236 proj of the Aug 10 - 18 - 30 price swing
  • SUP 4: 4095.00 Low Mar 28 (cont)

Eurostoxx 50 futures maintain a softer tone following last week’s move lower, and Monday's extension reinforces current conditions. Key support at 4210.00, the Sep 8 low, has been breached. The clear break confirms a resumption of the downtrend that started late July and paves the way for a move towards 4163.00, a Fibonacci projection. Key short-term resistance has been defined at 4359.00, the Sep 15 high. A break would be bullish.

EURGBP TECHS: Trades Through Trendline Resistance

Sep-26 05:04
  • RES 4: 0.8768 High May 5
  • RES 3: 0.8736 50.0% retracement of the Feb 3 - Aug 23 downleg
  • RES 2: 0.8719 High May 23
  • RES 1: 0.8703 High Sep 25
  • PRICE: 0.8677 @ 06:03 BST Sep 26
  • SUP 1: 0.8616 20-day EMA
  • SUP 2: 0.8603/8569 50-day EMA / Low Sep 15 and a key support
  • SUP 3: 0.8558 Low Sep 11
  • SUP 4: 0.8524 Low Sep 06

A short-term bull cycle in EURGBP remains in play and the cross traded to a fresh high Monday before pulling back. Price has recently breached resistance at 0.8611, the Aug 30 high, and the continuation higher has resulted in a move above 0.8675, trendline resistance drawn from the Feb 3 high and a key hurdle for bulls. A clear break of the trendline would strengthen bullish conditions. Firm support lies at 0.8569, the Sep 15 low.