EUROZONE: Timeline of key events (Times BST)
| Date | Time | Country | Event |
| 17-Jun | ---- | EU | ECB de Guindos at ECOFIN Meeting |
| 17-Jun | 1000 | EU | Construction Production / HICP (f) |
| 20-Jun | 0700 | DE | PPI |
| 20-Jun | 1400 | EU | ECB Lagarde Intro at European Parliament |
| 20-Jun | 1600 | EU | ECB Lagarde Intro as ESRB Chair at European Parliament |
| 20-Jun | 1800 | EU | ECB Panetta Interview with Federico Fubini at Nonfiction Festival |
| 20-Jun | 2030 | EU | ECB Lane Speech at Society of Professional Economists |
| 21-Jun | 0900 | EU | EZ Current Acc |
| 22-Jun | 0800 | EU | ECB de Guindos Q&A at Internacional Menendez Pelayo Uni |
| 22-Jun | 0835 | EU | ECB Elderson on Climate at Frankfurt School of Finance |
| 22-Jun | 1500 | EU | Consumer Confidence Indicator (p) |
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EUROZONE: Timeline of key events (Times BST)
| Event | Time | Country | Event |
| 18-May | 1000 | EU | HICP (f) |
| 18-May | ---- | EU | ECB Lagarde & Panetta in G7 Meeting |
| 19-May | 0900 | EU | EZ Current Acc |
| 19-May | 1000 | EU | Construction Production |
| 19-May | 1230 | EU | ECB April meeting Accounts |
| 19-May | ---- | EU | ECB Lagarde & Panetta in G7 Meeting |
| 19-May | 1330 | EU | ECB de Guindos Keynote Address at Harvard |
| 20-May | 0700 | DE | PPI |
| 20-May | ---- | EU | ECB Lagarde & Panetta in G7 Meeting |
| 20-May | 1300 | EU | ECB Lane in Discussion at Stockholm Uni |
| 20-May | 1500 | EU | Consumer Confidence Indicator (p) |
| 23-May | 0900 | DE | IFO Business Climate Index |
| 23-May | ---- | EU | ECB Lagarde & Panetta at Eurogroup Meeting |
| 23-May | 1400 | BE | BNB Business Sentiment |
EURUSD TECHS: Corrective Bounce Extends
- RES 4: 1.0852 High Apr 22
- RES 3: 1.0758 Low Apr 14 and a recent breakout level
- RES 2: 1.0642 High May 5 and key short-term resistance
- RES 1: 1.0580 20-day EMA
- PRICE: 1.0537 @ 06:17 BST May 18
- SUP 1: 1.0429/0350 Low May 17 / Low May 13 and the bear trigger
- SUP 2: 1.0341 Low Jan 3 2017 and a key support
- SUP 3: 1.0333 1.236 proj of the Feb 10 - Mar 7 - 31 price swing
- SUP 4: 1.0296 2.0% 10-dma envelope
EURUSD traded higher Tuesday as the pair extended the corrective bounce from last week’s low of 1.0350. The broader trend direction remains down and a break of 1.0350, May 13 low, would confirm a resumption of the downtrend. Moving average studies remain in a bear mode condition, highlighting current sentiment. The focus is on 1.0341 next, Jan 3 2017 low and key support. Key resistance is unchanged at 1.0642, May 5 high.
BTP TECHS: (M2) Still Trading Above Recent Lows
- RES 4: 135.23 High Apr 14
- RES 3: 133.96 50-day EMA
- RES 2: 133.53 High Apr 28
- RES 1: 131.24 High May 12
- PRICE: 128.51 @ Close May 17
- SUP 1: 127.24/125.54 Low May 11 / Low May 9 and the bear trigger
- SUP 2: 125.02 1.236 proj of the Mar 1 - 29 - 31 price swing
- SUP 3: 124.02 Low Mar 18 2020 (cont) and a major support
- SUP 4: 123.41 1.382 proj of the of the Mar 1 - 29 - 31 price swing
The trend condition in BTP futures is bearish and the primary direction remains down. A corrective (bullish) cycle has recently been established and the contract has traded above a trendline resistance drawn from the Mar 1 high. A resumption of strength would signal scope for a move towards 133.53, Apr 28 high. Key support has been defined at 125.54, the May 9 low and a bear trigger. A break would resume the downtrend.
