LOOK AHEAD: UK Timeline of Key Events (Time UK)

Nov-01 06:23
DateUKPeriodEvent
01-Nov0930OctS&P Global Manufacturing PMI (Final)
02-Nov1200-Bank Of England Interest Rate
02-Nov1230-MPR Press Conference
02-Nov1400-BOE DMP Survey
03-Nov0900-BoE's Hauser speech at Watchers' conference
03-Nov0930OctS&P Global Services PMI (Final)
03-Nov--BoE APF Q3 Report
03-Nov1215-BoE's Pill MPR National Agency Briefing
03-Nov1600-BoE's Haskel panellist at Watchers' Conference
06-Nov0930OctS&P Global/CIPS Construction PMI
06-Nov1700-BOE's Pill MPR Virtual Q&A
07-Nov0001OctBRC-KPMG Shop Sales Monitor
08-Nov0930-BOE's Bailey address at CB of Ireland
09-Nov0830-BOE's Pill speaks at ICAEW UK Regions Economic Summit
10-Nov0700SepGDP/Services/Production/Trade/ Construction
10-Nov0700Q3GDP First Estimate
15--Nov0700OctConsumer inflation report
15-Nov0700OctProducer prices

Historical bullets

BUNDS: Gaped lower overnight

Oct-02 06:23
  • Bund gaped lower overnight, following another large volume traded session on Friday.
  • Last Thursday saw the heaviest traded session for the Year, and Friday saw the 2nd largest traded session for this expiry, as Bund consolidated some of last week's sell off.
  • Resistance is at the 128.39/128.45 area.
  • Support moves up to 127.46, followed by the 126.88 area (~3% in Yield).
  • Today sees, Global mfg PMIs, but final for FR/GE/EU/UK/US.
  • Also out of the US, US ISM is due.
  • SPEAKERS: ECB Centeno, de Cos, BoE Mann, Fed Powell, Harker, Williams.

AUDUSD TECHS: Resistance Stays Intact

Oct-02 06:04
  • RES 4: 0.6630 High Aug 2
  • RES 3: 0.6616 High Aug 16
  • RES 2: 0.6522 High Aug 30 and Sep 1, and the key resistance
  • RES 1: 0.6501 High Sep 29
  • PRICE: 0.6400 @ 07:03 BST Oct 2
  • SUP 1: 0.6331 Low Sep 27 and the bear trigger
  • SUP 2: 0.6287 2.00 proj of the Jun 16 - Jun 29 - Jul 13 price swing
  • SUP 3: 0.6272 Low Nov 3 2022 and a key support
  • SUP 4: 0.6215 2.236 proj of the Jun 16 - Jun 29 - Jul 13 price swing

AUDUSD remains inside a wide range. The pair has pulled back from Friday’s high and is trading lower today. A continuation would expose 0.6331, the Sep 27 low and bear trigger. A breach of this level would confirm a resumption of the downtrend and open 0.6287 next, a Fibonacci projection. On the upside, key short-term trend resistance to watch is 0.6522, the Aug 30 and Sep 1 high. Clearance of this level would instead be bullish.

USD: Extending gains in early trade

Oct-02 05:58
  • USD extends in early trade, as Estoxx look to close the overnight opening gap down to 4188.00.
  • USD test session high against the MXN, GBP, CAD, AUD, NZD, SEK, NOK, ZAR.
  • Gold drops another $3, now around $10 in the past 6 hours.