* 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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A short-term bear cycle in Schatz futures remains intact - for now. The downleg that started Oct 17 is considered corrective and has allowed a recent overbought trend condition to unwind. Note that 107.014, 76.4% of the Sep 25 - Oct 17 bull leg and the next important support, has been pierced. A clear break of it would signal scope for a deeper retracement and open 106.995, the Oct 8 low. Initial resistance is at 107.092, the 50-day EMA.
A bear trend in GBPUSD remains intact and recent gains still appear corrective. The move higher is allowing an oversold trend condition to unwind. Firm short-term resistance to watch is at the 20-day EMA, at 1.3231. A break of this hurdle would signal scope for an extension towards the 50-day EMA, at 1.3334. For bear, a resumption of the downtrend would open 1.2971. The bear trigger is 1.3010, the Nov 4 and 5 low.
| Date | Time | Period | Event |
| 11-Nov | 0700 | Sep/Oct | Labour Market Report |
| 11-Nov | 0830 | Oct | BOE Greene in Panel at UBS European Conference |
| 11-Nov | 1200 | Q3 | BOE APF Quarterly Report |
| 12-Nov | - | --- | BOE MPG Meeting |
| 12-Nov | 1205 | --- | BOE Pill in Panel at Monetary Research Conference |
| 13-Nov | 0700 | Q3/Sep | GDP / Services / Production / Trade / Construction |
| 13-Nov | 0730 | --- | BOE MPG Minutes Released |
| 13-Nov | 0930 | Q3 | Productivity Flash Estimates |
| 13-Nov | 1200 | --- | BOE Greene in Panel on Central Bank Independence |
| 14-Nov | 0001 | --- | KPMG/REC Report on Jobs |
| 17-Nov | 1320 | --- | BOE Mann on DMP and MonPol |
| 18-Nov | 1300 | --- | BOE Pill Fireside Chat on MonPol |
| 18-Nov | 1700 | --- | 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 |