BOJ: Fixed Rate Purchase Offer
The BoJ offers to buy an unlimited amount of 5- to 10-Year JGBs at a fixed rate of 0.50%.
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EUROSTOXX50 TECHS: (H3) Holding On To Its Recent Gains
- RES 4: 4269.50 2.236 proj of the Sep 29 - Oct 4 rise from Dec 20 low
- RES 3: 4230.50 High Feb 10, 2022 (cont)
- RES 2: 4215.00 2.00 proj of the Sep 29 - Oct 4 rise from Dec 20 low
- RES 1: 4204.00 Intraday high
- PRICE: 4190.00 @ 06:17 GMT Jan 18
- SUP 1: 4043.00 High Dec 13
- SUP 2: 4015.70/3905.00 20- and 50-day EMA values
- SUP 3: 3753.00 Low Dec 20 and the bear trigger
- SUP 4: 3720.00 Low Nov 10
EUROSTOXX 50 futures bullish conditions remain intact and the contract is trading holding on to its recent gains. Futures have recently cleared resistance at 4043.00, the Dec 13 high and a bull trigger. The break marks a key short-term positive development and paves the way for gains towards 4215.00 next, a Fibonacci projection. Moving average studies are in a bull-mode condition, reinforcing the bull theme. Initial firm support is 4015.70.
LOOK AHEAD: UK Timeline of Key Events (Times GMT)
| Date | Time | Period | Event |
| 18-Jan | 0700 | Dec | Inflation report |
| 18-Jan | 0930 | Dec | ONS House Price Index |
| 20-Jan | 0001 | Jan | Gfk Monthly Consumer Confidence |
| 20-Jan | 0700 | Dec | Retail Sales |
| 24-Jan | 0700 | Dec | Public Sector Finances |
| 24-Jan | 0930 | Jan | S&P Global Services/Manufacturing PMI (flash) |
| 24-Jan | 1100 | Jan | CBI Industrial Trends |
| 25-Jan | 0700 | Nov | Producer Prices |
| 26-Jan | 1100 | Jan | CBI Distributive Trades |
| 31-Jan | 0930 | Dec | BOE M4 / Lending |
| 01-Feb | 0001 | Jan | BRC Monthly Shop Price Index |
| 01-Feb | 0930 | Jan | S&P Global Manufacturing PMI (final) |
| 02-Feb | 1200 | ---- | Bank Of England Interest Rate |
| 03-Feb | 0930 | Jan | S&P Global Services PMI (final) |
| 06-Feb | 0930 | Jan | S&P Global Construction PMI |
GILT TECHS: (H3) Bullish Outlook
- RES 4: 106.18 High Dec 12
- RES 3: 106.00 Round number resistance
- RES 2: 105.20 76.4% retracement of the Nov 24 - Dec 28 bear leg
- RES 1: 104.94 High Jan 13
- PRICE: 104.45 @ Close Jan 17
- SUP 1: 103.21/102.78 Low Jan 17 / High Jan 6
- SUP 2: 102.19/101.40 Low Jan 11 / 10
- SUP 3: 99.97 Low Jan 3
- SUP 4: 99.18 Low Dec 28 and the bear trigger
Gilt futures remain in an uptrend. The contract has recently cleared resistance at 102.78, the Jan 6 high. The break maintains the current bullish price sequence of higher highs and higher lows and attention is on 105.20, the 76.4% retracement of the Nov 24 - Dec 28 bear leg. Clearance of this level would signal scope for a climb towards 106.00. Firm and key short-term support has been defined at 101.40, Oct 10 low.
