EURJPY TECHS: Trend Needle Points South
Dec-23 06:45
- RES 4: 146.73 High Dec 15 and a key resistance
- RES 3: 145.83 High Dec 20
- RES 2: 143.50 Low Dec 14 and a recent breakout level
- RES 1: 142.00 Round number resistance
- PRICE: 140.74 @ 06:44 GMT Dec 23
- SUP 1: 138.81 Low Dec 20
- SUP 2: 138.06 Low Sep 28
- SUP 3: 137.75 4.0% 10-dma envelope
- SUP 4: 137.40 Low Sep 26 and a key support
EURJPY traded sharply lower Tuesday as the JPY rallied and the cross remains bearish. A key support at 140.77, the Dec 2 low and a bear trigger, has been cleared. This marks a resumption of the bear cycle that started on Oct 21 and opens 138.06, the Sep 28 low and 137.40, the Sep 26 low and a key support. Initial firm resistance is seen at 143.50, the Dec 14 low and a recent breakout level. Short-term gains would likely be a correction.
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EUROZONE T-BILL ISSUANCE: W/C 21 November, 2022
Nov-23 06:40
The EU and Italy both still look to issue bills this week while Germany, the Netherlands, France and Austria have come to the market already. We look for issuance of E25.1bln at first round operations, up from E14.1bln last week.
- Today, the EU will look to sell up to E1.0bln of the 3-month Feb 3, 2023 EU-bill and up to E1.5bln of the 6-month May 5, 2023 EU-bill.
- On Friday, Italy will conclude bill issuance for the week with E5.0bln of new 6-month May 31, 2023 BOTs on offer.
LOOK AHEAD: UK Timeline of Key Events (Times GMT)
Nov-23 06:18
| Date | Time | Period | Event |
| 23-Nov | 0930 | Nov | S&P Global Manufacturing / Services PMI (flash) |
| 23-Nov | 1900 | ---- | BOE Pill Speech at Beesley Lecture Series |
| 24-Nov | 0945 | ---- | BOE Ramsden Speech at BOE Watchers’ Conference |
| 24-Nov | 1030 | ---- | BOE Pill Panelist at BOE Watchers’ Conference |
| 24-Nov | 1345 | ---- | BOE Mann Panelist at BOE Watchers’ Conference |
| 28-Nov | 1530 | ---- | DMO Q1 Consultation Meetings |
| 29-Nov | 0930 | Nov | BOE Lending to Individuals / M4 |
| 30-Nov | 0001 | Nov | BRC Monthly Shop Price Index |
| 30-Nov | 0730 | ---- | DMO Publishes Q3 Issuance Calendar |
| 01-Dec | 0930 | Nov | S&P Global/CIPS UK Manufacturing PMI (final) |
| 05-Dec | 0930 | Nov | S&P Global/CIPS UK Services PMI (final) |
| 05-Dec | 1530 | ---- | DMO consultation meetings to discuss Q1 issuance |
| 06-Dec | 0001 | Nov | BRC-KPMG Shop Sales Monitor |
| 06-Dec | 0930 | Nov | S&P Global/CIPS UK Construction PMI |
LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
Nov-23 06:18
| Date | Time | Country | Event |
| 23-Nov | 0815 | FR | S&P Global Services/Manufacturing PMI (p) |
| 23-Nov | 0830 | DE | S&P Global Services/Manufacturing PMI (p) |
| 23-Nov | 0830 | EU | ECB de Guindos at Encuentro del Sector Financiero |
| 23-Nov | 0900 | EU | S&P Global Services/Manufacturing PMI (p) |
| 24-Nov | 0745 | FR | Manufacturing Sentiment |
| 24-Nov | 0900 | DE | IFO Business Climate Index |
| 24-Nov | 1115 | EU | ECB de Guindos Speech at Analysis Forum in Milan |
| 24-Nov | 1300 | EU | ECB Schnabel Speech at BOE Watchers' Conference |
| 24-Nov | 1400 | BE | BNB Business Sentiment |
| 25-Nov | 0700 | DE | GFK Consumer Climate / GDP (f) |
| 25-Nov | 0745 | FR | Consumer Sentiment |
| 25-Nov | 0800 | ES | PPI |
| 25-Nov | 0900 | IT | ISTAT Business/Consumer Confidence |
| 28-Nov | 0900 | EU | M3 |
| 28-Nov | 1400 | EU | ECB Lagarde Intro at ECON Hearing |
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