LOOK AHEAD: UK Timeline of Key Events (All Times in GMT)

Jan-05 06:23
Date UK Period Event
05-Jan 0930 Dec S&P Global/CIPS Construction PMI
12-Jan 0700 Nov GDP / Services/ Production / Trade
12-Jan 0700 Nov Output in the Construction Industry
16-Jan 0700 Nov UK Labour Report
17-Jan 0700 Dec Consumer inflation report
17-Jan 0700 Dec Producer Prices
19-Jan 0700 Dec Retail Sales
23-Jan 0700 Dec Public Sector Finances
24-Jan 0001 Dec Xpert HR pay deals for whole economy
24-Jan 0930 Jan S&P Global Flash PMI
26-Jan 0001 Jan Gfk Monthly Consumer Confidence
30-Jan 0930 Jan BOE M4/Lending to Individuals
01-Feb 0930 Jan S&P Global Final UK Manufacturing PMI
01-Feb 1200 Bank of England Interest Rate
01-Feb 1230 BoE Press Conference

Historical bullets

LOOK AHEAD: UK Timeline of Key Events (All Times in GMT)

Dec-06 06:23
Date UK Period Event
06-Dec 0930 Nov S&P Global/CIPS Construction PMI
06-Dec 1030 BOE FPC Summary and Record
08-Dec 0930 Nov Bank of England/Ipsos Inflation Attitudes Survey
13-Dec 0700 Oct GDP/Services/ Production/ Trade/ Construction
14-Dec 1200 Bank Of England Interest Rate
15-Dec 0001 Dec Gfk Monthly Consumer Confidence
15-Dec 0930 Dec S&P Global Manufacturing/Services/Composite PMI flash
15-Dec 1000 BOE's Ramsden talk on Bank resolution regime
15-Dec 1630 BoE announce APF Sales schedule for Q124
20-Dec 0001 Nov XpertHR pay deals for whole economy
20-Dec 0700 Nov Consumer inflation report/ Producer Prices
21-Dec 0700 Nov Public Sector Finances/ Retail Sales
22-Dec 0700 3Q GDP Second Estimate/ Quarterly current account
22-Dec - Treasury Bill Calendar for January - March 2024

LOOK AHEAD: Eurozone Timeline of Key Events (All Times in GMT)

Dec-06 06:18
Date Time Country Event
06-Dec 0700 DE Manufacturing Orders
06-Dec 0930 EU S&P Global Final Eurozone Construction PMI
06-Dec 1000 EU Retail Sales
07-Dec 0700 DE Industrial Production
07-Dec 0730 EU ECB's Lagarde and Cipollone in Eurogroup meeting
07-Dec 0745 FR Foreign Trade
07-Dec 0900 IT Industrial Production
07-Dec 1000 EU GDP (final) / Unemployment
07-Dec 1000 IT Retail Sales
07-Dec 1430 EU ECB's Elderson at CEPS
08-Dec 0700 DE HICP (f)
08-Dec 0730 EU ECB's De Guindos participates in ECOFIN meeting
12-Dec 1000 DE ZEW Current Conditions and Expectations Index
13-Dec 1000 EU Industrial Production
14-Dec 0745 FR Retail Sales
14-Dec 0800 ES HICP (f)

BTP TECHS: (H4) Northbound

Dec-06 06:16
  • RES 4: 117.81 1.618 proj of the Nov 10 - 17 - 24 price swing
  • RES 3: 117.44 1.50 proj of the Nov 10 - 17 - 24 price swing
  • RES 2: 117.07 1.382 proj of the Nov 10 - 17 - 24 price swing
  • RES 1: 116.62 High Dec 5
  • PRICE: 116.58 @ Close Dec 6
  • SUP 1: 114.13 Low Nov 30
  • SUP 2: 113.60 20-day EMA
  • SUP 3: 111.53 Low Nov 14
  • SUP 4: 110.95 Low Nov 10

A bull cycle in BTP futures remains in play and last week’s rally and this week’s follow through has reinforced the bullish condition. The break of resistance at 114.11, the Nov 17 high, confirmed a resumption of the uptrend that started Oct 19. Potential is for a climb towards 117.07 next, a Fibonacci projection. On the downside, key short-term trend support has been defined at 112.70, the Nov 24 low. A break of this level would signal a short-term top.