EURUSD TECHS: Holding On To Its Recent Gains
Aug-06 05:24
* RES 4: 1.1686 High May 29 * RES 3: 1.1622 High Jun 15 * RES 2: 1.1587 50.0% retracement of the Apr...
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LOOK AHEAD: UK Timeline of Key Events (Times BST)
Jul-07 05:23
| Date | Time | Period | Event |
| 07-Jul | 1030 | H1 | BOE Financial Stability Report |
| 07-Jul | 1715 | --- | BOE Mann Panel on Leadership in Economics |
| 08-Jul | 0001 | --- | KPMG-REC Report on Jobs |
| 09-Jul | 2030 | --- | BOE Breeden Panel on Monpol Implementation/Markets |
| 13-Jul | 1900 | --- | BOE Pill Speech on FinReg/Innovation/Growth |
| 14-Jul | 0001 | Jun | BRC-KPMG Shop Sales Monitor |
| 14-Jul | 2100 | --- | BOE Bailey at Financial/Professional Services Dinner |
| 16-Jul | 0700 | May | GDP / Services / Production / Trade / Construction |
| 21-Jul | 0700 | May/Jun | Labour Market Report / Public Sector Finances |
| 22-Jul | 0001 | Jun | Brightmine pay deals for whole economy |
| 22-Jul | 0700 | Jun | Consumer Inflation Report / Producer Prices |
| 23-Jul | 1100 | Jul | CBI Industrial Trends |
| 24-Jul | 0001 | Jul | Gfk Monthly Consumer Confidence |
| 24-Jul | 0700 | Jun | Retail Sales |
| 24-Jul | 0930 | Jul | S&P Flash PMI / BOE DMP Data / Agents' Summary |
| 27-Jul | 1100 | Jul | CBI Distributive Trades |
| 28-Jul | 0001 | Jul | BRC Monthly Shop Price Index |
| 29-Jul | 0930 | Jun | BOE Lending to Individuals / M4 |
LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
Jul-07 05:18
| Date | Time | Country | Event |
| 07-Jul | 0700 | DE | Industrial Production |
| 07-Jul | 0745 | FR | Foreign Trade |
| 09-Jul | 0700 | DE | Trade Balance |
| 09-Jul | --- | EU | ECB Lagarde & Cipollone at Eurogroup Meeting, Brussels |
| 10-Jul | 0700 | DE | Germany CPI (f) |
| 10-Jul | 0715 | EU | ECB Vujcic Panel at Greece Annual Economist Roundtable |
| 10-Jul | 0745 | FR | HICP (f) |
| 10-Jul | 0900 | IT | Industrial Production |
| 13-Jul | 1745 | EU | ECB Schnabel Keynote and Panel, Munster |
| 14-Jul | 0700 | DE | Wholesale Prices |
| 15-Jul | 0800 | ES | HICP (f) |
| 15-Jul | 1000 | EU | EZ Industrial Production |
| 16-Jul | 0900 | IT | Italy Final HICP |
| 16-Jul | 1000 | EU | Trade Balance |
| 17-Jul | 0900 | EU | EZ Current Account |
| 17-Jul | 1000 | EU | EZ HICP Final |
| 17-Jul | 1100 | EU | ECB Cipollone Lecture on Digital Euro |
BOBL TECHS: (U6) Corrective Phase
Jul-07 05:15
- RES 4: 116.000 Round number resistance
- RES 3: 115.947 1.236 proj of the May 19 - 29 - Jun 10 price swing
- RES 2: 115.610 1.00 proj of the May 19 - 29 - Jun 10 price swing
- RES 1: 115.390/115.560 High Jul 1 / High Jun 30 and the bull trigger
- PRICE: 115.050 @ 05:56 BST Jul 7
- SUP 1: 114.940/700 Low Jun 23 / 22
- SUP 2: 114.646 Trendline support drawn from the May 19 low
- SUP 3: 114.180 Low Jun 10 and a key short-term support
- SUP 4: 113.840 Low May 20
A bullish theme in Bobl futures remains intact and the latest pullback is considered corrective - for now. Key resistance at 115.180, the May 29 and Jun 16 high, has recently been cleared. The clear breach of this hurdle confirms a resumption of the uptrend that started May 19, and opens 115.610 next, a Fibonacci projection. On the downside, key short-term support lies at 114.180, the May 10 and 11 low. Initial support is at 114.940, the Jun 23 low.
