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

Feb-28 06:24
Date UK Period Event
28-Feb 1530 BOE's Mann at FT event 'The economic outlook..'
29-Feb 0930 Jan BOE M4/ Lending to Individuals
01-Mar 0930 Feb S&P Global Manufacturing PMI (Final)
01-Mar 1400 BOE's Pill Speech at Cardiff University
05-Mar 0001 Feb BRC-KPMG Shop Sales Monitor
06-Mar 0930 Feb S&P Global/CIPS Construction PMI
06-Mar 1230 Budget Statement
07-Mar 0930 Feb BOE's Monthly Decision Maker Panel Data
12-Mar 0700 Jan/Feb Labour Market Survey
13-Mar 0700 Jan GDP/Trade/Services/Production/Construction
15-Mar 0930 Feb BoE/Ipsos Inflation Next 12 Months
18-Mar 1530 DMO Quarterly Investor/GEMM Consultation Meetings
20-Mar 0001 Feb XpertHR pay deals for whole economy
20-Mar 0700 Feb Consumer inflation report/ Producer Prices

Historical bullets

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

Jan-29 06:23
Date UK Period Event
30-Jan 0001 Jan BRC Monthly Shop Price Index
30-Jan 0930 Dec BOE M4 / Lending to Individuals
01-Feb 0930 Jan S&P Global Manufacturing PMI (Final)
01-Feb 1200 Bank Of England Interest Rate
01-Feb 1230 BoE Press Conference
01-Feb 1400 Jan DMP Data
02-Feb 1215 BOE's Pill- MPR National Agency briefing
06-Feb 0001 Jan BRC-KPMG Shop Sales Monitor
06-Feb 0930 Jan S&P Global/CIPS Construction PMI
07-Feb 0840 BoE's Breeden Speaks At Women In Economics Event
08-Feb 1500 BoE's Mann Speaks At OMFIF
13-Feb 0700 Dec/Jan Labour Market Survey
14-Feb 0700 Jan Consumer inflation report / Producer prices

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

Jan-29 06:18
Date Time Country Event
29-Jan 1310 EU ECB's de Guindos at Investment Outlook Conference
30-Jan 0630 FR Consumer Spending / GDP (p)
30-Jan 0700 DE GDP (p)
30-Jan 0800 ES HICP (p) / GDP (p)
30-Jan 0900 IT GDP (p) / PPI
30-Jan 0900 EU ECB's Lane on 'a year with the euro in Croatia'
30-Jan 1000 EU EZ Prelim. Flash GDP / Economic Sentiment Indicator
31-Jan 0700 DE Import/Export Prices / Retail Sales
31-Jan 0745 FR HICP (p) / PPI
31-Jan 0855 DE Unemployment
31-Jan 0900 DE North Rhine Westphalia / Bavaria CPI
31-Jan 1300 DE HICP (p)

EURJPY TECHS: Corrective Pullback

Jan-29 06:16
  • RES 4: 164.30 High Nov 16 and key resistance
  • RES 3: 163.72 High Nov 27
  • RES 2: 162.25 High Nov 29
  • RES 1: 161.86 High Jan 19 and the bull trigger
  • PRICE: 160.43 @ 06:15 GMT Jan 29
  • SUP 1: 159.71 20-day EMA
  • SUP 2: 158.55 Low Jan 12 and a key short-term support
  • SUP 3: 157.21 Low Jan 9
  • SUP 4: 156.08 Low Jan 4

The EURJPY trend condition remains bullish and the latest pullback appears to be a correction. The recent breach of resistance at 160.18, the Jan 11 high, confirmed a resumption of the uptrend. Note that 161.69, 76.4% of the Nov 16 - Dec 7 bear leg, has been pierced. A clear break of this retracement point would open 162.25, the Nov 29 high. Initial firm support is at 158.55, the Jan 12 low.