LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
| Date | Time | Country | Event |
| 27-Nov | 745 | FR | Consumer Sentiment |
| 27-Nov | 930 | DE | GFK Consumer Climate |
| 27-Nov | 1800 | EU | ECB's Lane remarks on "Macroeconomic modelling frontiers" |
| 28-Nov | EU | European Central Bank Meeting | |
| 28-Nov | 800 | ES | HICP (p) |
| 28-Nov | 900 | EU | M3 |
| 28-Nov | 900 | IT | ISTAT Business Confidence |
| 28-Nov | 900 | IT | ISTAT Consumer Confidence |
| 28-Nov | 900 | IT | PPI |
| 28-Nov | 900 | DE | North Rhine Westphalia / Bavaria CPI |
| 28-Nov | 1000 | EU | EZ Economic Sentiment Indicator |
| 28-Nov | 1000 | EU | Consumer Confidence, Industrial Sentiment |
| 28-Nov | 1300 | DE | HICP (p) |
| 28-Nov | 1700 | EU | ECB's Lane speech at the 25th anniversary of Euro 50 Group at Banque de France |
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LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
| Date | Time | Country | Event |
| 28-Oct | 1945 | EU | ECB's De Guindos speech and Q&A at Foros Reflexión |
| 29-Oct | 700 | DE | GFK Consumer Climate |
| 30-Oct | 630 | FR | Consumer Spending / GDP (p) |
| 30-Oct | 700 | DE | GDP (p) |
| 30-Oct | 800 | ES | HICP (p) / GDP (p) |
| 30-Oct | 855 | DE | Unemployment |
| 30-Oct | 900 | IT | GDP (p) / PPI |
| 30-Oct | 900 | DE | North Rhine Westphalia/ Bavaria CPI |
| 30-Oct | 1000 | EU | EMU Preliminary Flash GDP |
| 30-Oct | 1000 | EU | EZ Economic Sentiment Indicator |
| 30-Oct | 1000 | EU | Consumer Confidence, Industrial Sentiment |
| 30-Oct | 1300 | DE | HICP (p) |
| 30-Oct | 1500 | EU | ECB's Schnabel speech at SAFE-CEPR conference |
| 31-Oct | 700 | DE | Retail Sales/ Import/Export Prices |
| 31-Oct | 745 | FR | HICP (p) / PPI |
| 31-Oct | 1000 | EU | HICP (p) / Unemployment |
| 31-Oct | 1000 | IT | HICP (p) |
GBPUSD TECHS: Bear Cycle Still In Play
- RES 4: 1.3389 High Oct 1
- RES 3: 1.3274 High Oct 3 and the bull trigger
- RES 2: 1.3175 High Oct 4
- RES 1: 1.2998/3071 High Oct 25 / 50-day EMA
- PRICE: 1.2955 @ 06:16 BST Oct 28
- SUP 1: 1.2908 Low Oct 23
- SUP 2: 1.2890 Low Aug 18
- SUP 3: 1.2846 76.4% retracement of the Aug 8 - Sep 25 bull leg
- SUP 4: 1.2799 Low Aug 15
A bearish price sequence of lower lows and lower highs in GBPUSD remains intact and the pair is trading closer to its recent lows. The move down last week resulted in a breach of 1.2959, the 61.8% retracement of the Aug 8 - Sep 25 bull leg. An extension lower would open 1.2890, the Aug 18 low. On the upside, initial resistance to watch is 1.3071, the 50-day EMA. A clear breach of this EMA is required to signal a reversal.
BOBL TECHS: (Z4) Support Remains Exposed
- RES 4: 120.190 High Oct 3
- RES 3: 119.875 61.8% retracement of the Oct 1 - 10 bear leg
- RES 2: 119.635 50.0% retracement of the Oct 1 - 10 bear leg
- RES 1: 119.330/119.620 High Oct 24 / 18 and key resistance points
- PRICE: 118.750 @ 05:56 BST Oct 28
- SUP 1: 118.620 Low Oct 10 and the bear trigger
- SUP 2: 118.580 Low Sep 3 and a key support
- SUP 3: 118.00 Round number support
- SUP 4: 117.789 123.6% retrace projection of the Sep 3 - Oct 1 bull leg
Recent gains in Bobl futures are considered corrective. The latest pullback from the Oct 18 high highlights a continued bearish threat. Key support at 118.620, the Oct 10 low, remains exposed. A break would confirm a resumption of the downtrend that started Oct 1 and open 118.580, the Sep 3 low and a key support. Initial firm resistance has been defined at 119.330, the Oct 24 high.
