SCHATZ TECHS: (H6) Corrective Bounce Extends
Dec-18 06:35
* RES 4: 106.975 High Dec 1 * RES 3: 106.945 High Dec 3 and a key short-term resistance * RES 2: 106...
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GBPUSD TECHS: Resistance Remains Intact
Nov-18 06:23
- RES 4: 1.3368 50.0% retracement of the Sep 17 - Nov 4 bear leg
- RES 3: 1.3303 50-day EMA
- RES 2: 1.3284 38.2% retracement of the Sep 17 - Nov 4 bear leg
- RES 1: 1.3203/16 20-day EMA / High Nov 13
- PRICE: 1.3161 @ 06:22 GMT Nov 18
- SUP 1: 1.3085/10 Low Nov 12 / Low Nov 4 & 5 and the bear trigger
- SUP 2: 1.2971 1.382 proj of the Sep 17 - 25 - Oct 1 price swing
- SUP 3: 1.2945 50.0% retracement of the Jan 13 - Jul 1 bull leg
- SUP 4: 1.2877 1.618 proj of the Sep 17 - 25 - Oct 1 price swing
A key short-term resistance in GBPUSD at 1.3203, the 20-day EMA, remains intact. It has been pierced, a clear break of it would signal scope for a stronger corrective cycle and expose the 50-day EMA, at 1.3303. Moving average studies remain in a bear-mode condition and continue to highlight a dominant downtrend. A reversal would signal the end of the correction and a resumption of the bear leg. The bear trigger is 1.3010, the Nov 4 and 5 low.
LOOK AHEAD: UK Timeline of Key Events (Times GMT)
Nov-18 06:23
| Date | Time | Period | Event |
| 18-Nov | 1300 | --- | BOE Pill Fireside Chat on MonPol |
| 18-Nov | 1500 | --- | BOE Dhingra on Income Growth and Consumption |
| 19-Nov | 0001 | Oct | Brightmine pay deals for whole economy |
| 19-Nov | 0700 | Oct | Consumer Inflation Report / Producer Prices |
| 20-Nov | 1100 | Nov | CBI Industrial Trends |
| 20-Nov | 1830 | --- | BOE Dhingra Speech on Trade and Tariffs |
| 21-Nov | 0001 | Nov | Gfk Monthly Consumer Confidence |
| 21-Nov | 0700 | Oct | Public Sector Finances / Retail Sales |
| 21-Nov | 0930 | Nov | S&P Manuf / Serv / Comp PMIs (p) |
| 21-Nov | 1540 | --- | BOE Pill in Panel at Swiss National Bank |
| 25-Nov | 1100 | Nov | CBI Distributive Trades |
| 26-Nov | 1230 | --- | Chancellor Reeves to deliver UK Budget |
| 26-Nov | 1530 | --- | DMO to publish consultation agenda |
| 27-Nov | 1600 | --- | BOE Greene Speech at Goodbody Conference |
| 01-Dec | 0930 | Nov/Oct | S&P Manuf PMI (f) / BOE Lending to Individuals / M4 |
| 01-Dec | 1530 | --- | DMO to hold FQ4 consultations with investors / GEMMs |
| 02-Dec | 0001 | Nov | BRC Monthly Shop Price Index |
| 02-Dec | 0700 | H2 | BOE Financial Stability Report |
LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
Nov-18 06:18
| Date | Time | Country | Event |
| 18-Nov | 1000 | EU | ECB Elderson at Banking Supervision Press Conference |
| 19-Nov | 0900 | EU | EZ Current Account |
| 19-Nov | 1000 | EU | EZ HICP Final |
| 20-Nov | 0700 | DE | PPI |
| 20-Nov | 1000 | EU | EZ Construction Output |
| 20-Nov | 1500 | EU | Consumer Confidence Indicator (p) |
| 21-Nov | 0745 | FR | Manufacturing Sentiment |
| 21-Nov | 0800 | EU | ECB de Guindos Remarks/Q&A at Foro Gran Via |
| 21-Nov | 0815 | FR | S&P Global Manuf / Services PMI (p) |
| 21-Nov | 0830 | DE | S&P Global Manuf / Services PMI (p) |
| 21-Nov | 0830 | EU | ECB Lagarde Speech at European Banking Congress |
| 21-Nov | 0900 | EU | S&P Global Manuf / Serv / Comp PMI (p) |
| 21-Nov | 1000 | EU | Negotiated Wage Growth |
| 21-Nov | 1130 | EU | ECB de Guindos Remarks/Q&A at Deusto Business School |
| 22-Nov | 0800 | EU | ECB Lagarde in Roundtable at Austrian National Bank |
| 22-Nov | 1100 | EU | ECB Lagarde Keynote on Fiscal and MonPol |
