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

Mar-28 06:23
Date UK Period Event
28-Mar 0700 4Q GDP Second Estimate
28-Mar 0700 4Q Quarterly current account balance
02-Apr 0001 Mar BRC Monthly Shop Price Index
02-Apr 0930 Feb BOE M4/Lending to Individuals
02-Apr 0930 Mar S&P Global Manufacturing PMI (Final)
04-Apr 0930 Mar BOE's Monthly Decision Maker Panel
05-Apr 0930 Mar S&P Global/CIPS Construction PMI
09-Apr 0001 Mar BRC-KPMG Shop Sales Monitor
12-Apr 0700 Feb GDP/ Trade/ Services/Production/Construction
16-Apr 0700 Feb/Mar Labour Market Survey
17-Apr 0700 Mar Consumer inflation report/Producer Prices
19-Apr 0700 Mar Retail Sales
23-Apr 0700 Mar Public Sector Finances
23-Apr 0930 Apr S&P Global/ CIPS UK Flash PMI
26-Apr 0001 Apr Gfk Monthly Consumer Confidence

Historical bullets

EUROSTOXX50 TECHS: (H4) Holding On To Its Recent Gains

Feb-27 06:22
  • RES 4: 4950.50 3.0% Upper Bollinger Band
  • RES 3: 4939.30 2.382 projection of the Nov 8 - 24 - 28 price swing
  • RES 2: 4904.40 2.236 projection of the Nov 8 - 24 - 28 price swing
  • RES 1: 4894.00 High Feb 23
  • PRICE: 4863.00 @ 06:04 GMT Feb 27
  • SUP 1: 4798.00/4747.70 High Feb 16 / 20-day EMA
  • SUP 2: 4671.00 Low Feb 13
  • SUP 3: 4633.70 50-day EMA
  • SUP 4: 4596.00 Bull channel base drawn from the Oct 27 low

The bull cycle in Eurostoxx 50 futures remains firmly intact and the contract is holding on to its recent gains. Moving average studies are in a bull-mode position too, highlighting positive market sentiment. Sights are on 4904.40 next, a Fibonacci projection. Further out, scope is seen for a climb towards a bull channel top at 4968.50. The channel is drawn from the Oct 27 low. Initial firm support lies at 4747.70, the 20-day EMA.

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

Feb-27 06:18
Date Time Country Event
27-Feb 0700 DE GFK Consumer Climate
27-Feb 0745 FR Consumer Sentiment
27-Feb 0900 EU M3
28-Feb 0900 IT ISTAT Consumer/Business Confidence
28-Feb 1000 EU EZ Economic Sentiment Indicator
28-Feb 1100 EU ECB's Lagarde & Cipollone in G20/CB Governors meeting
29-Feb 0700 DE Retail Sales
29-Feb 0745 FR GDP (f) / Consumer Spending/ HICP (p) / PPI
29-Feb 0800 ES HICP (p)
29-Feb 0855 DE Unemployment
29-Feb 0900 DE North Rhine Westphalia CPI/ Bavaria CPI
29-Feb 1300 DE HICP (p)
01-Mar 0815 ES S&P Global Manufacturing PMI (f)
01-Mar 0845 IT S&P Global Manufacturing PMI (f)
01-Mar 0850 FR S&P Global Manufacturing PMI (f)
01-Mar 0855 DE S&P Global Manufacturing PMI (f)
01-Mar 0900 EU S&P Global Manufacturing PMI (f)
01-Mar 1000 EU HICP (p)/ Unemployment
01-Mar 1000 IT HICP (p)

EURGBP TECHS: MA Studies Highlight A Downtrend

Feb-27 06:12
  • RES 4: 0.8676 High Jan 3
  • RES 3: 0.8620 High Jan 20
  • RES 2: 0.8593 High Jan 19
  • RES 1: 0.8578 High Feb 20 and key short-term resistance
  • PRICE: 0.8557 @ 06:11 GMT Feb 27
  • SUP 1: 0.8493 Low Aug 23 2023 and a key medium-term support
  • SUP 2: 0.8454 76.4% of the Mar 7 - Sep 26 ‘23 bull phase
  • SUP 3: 0.8388 Low Aug 17 2023
  • SUP 4: 0.8340 Low Aug 2 2022

A bear cycle in EURGBP remains intact and moving average studies continue to highlight a downtrend. A resumption of weakness would expose support and the bear trigger at 0.8493, the Aug 23 low. Clearance of this level would confirm a continuation of the trend and open 0.8454, a Fibonacci retracement point. Key short-term resistance has been defined at 0.8578, the Feb 20 high. Clearance of this level would highlight a S/T bullish development.