GBPUSD: New intraday high
Mar-22 07:11
GBPUSD also now at a new intraday high - breaking above the 1.2262 seen immediately post-data to 1.2266 at writing.
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BTP TECHS: (H3) Sell Off Accelerates
Feb-20 07:07
- RES 4: 121.26 0.764 proj of the Dec 30 - Jan 19 - 30 price swing
- RES 3: 120.00 Psychological round number
- RES 2: 118.56/96 High Jan 19 / Dec 7 and a key resistance zone
- RES 1: 116.33/118.18 High Feb 9 / High Feb 2
- PRICE: 114.10 @ Close Feb 17
- SUP 1: 112.51 Low Feb 16
- SUP 2: 112.26 61.8% retracement of the Dec 30 - Jan 19 rally
- SUP 3: 111.59 Low Jan 6
- SUP 4: 110.77 Low Jan 4 and 76.4% of the Dec 30 - Jan 19 rally
BTP futures gapped lower at the open, printing a fresh pullback low at 112.51. This keeps the outlook bearish, and defies views that the recent weakness was corrective in nature. The next downside levels to watch cross at 112.26, the 61.8% retracement of the Dec 30 - Jan 19 rally. A break would be a bearish development. A reversal higher would signal scope for a test of firm resistance at 118.56, the Jan 19 high and 118.96, the Dec 7 high.
SWEDEN: Headline CPIF below expectations but ex-energy higher than expected
Feb-20 07:04
- Like in last month's data we see the headline CPIF come in below expectations and ex energy come in higher than expected. However, unlike last month it is only a small downside surprise on headline and a large upside surprise to ex energy.
- EURSEK moves are relatively limited: It immediately spiked from 11.1655 to a low of 11.1438 but has retraced around half of that move at the time of writing.
- The Minutes of the Riksbank's February meeting are due at 8:30GMT / 9:30CET.
MNI: SWEDEN JAN CPI -1.1% M/M (FCST -1.0%); DEC +2.1% M/M
Feb-20 07:03
- MNI: SWEDEN JAN CPI -1.1% M/M (FCST -1.0%); DEC +2.1% M/M
- SWEDEN JAN CPI +11.7% Y/Y (FCST +11.8%); DEC +12.3%
- SWEDEN JAN CPIF -1.3% M/M (FCST -1.2%); DEC +1.9% M/M
- SWEDEN JAN CPIF +9.3% Y/Y (FCST +9.5%); DEC +10.2% Y/Y
