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

Jun-19 05:23

You are missing out on very valuable content.

------------------------------------------------------------------------------- Date UK Period E...

Historical bullets

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

May-20 05:23
DateUKPeriodEvent
20-May0900---BOE's Pill At Barclays Briefing
21-May0001MayBrightmine pay deals for whole economy
21-May0700AprilConsumer inflation report
22-May0700AprilPublic Sector Finances
22-May0930MayS&P Global Flash PMI
22-May1100MayCBI Industrial Trends
22-May1150---BOE's Breeden On Climate Panel
22-May1200---BOE's Dhingra On UK Productivity Panel
22-May1330---BOE's Pill At MonPol Conference
23-May0001MayGfk Monthly Consumer Confidence
23-May0700AprilRetail Sales
27-May0001MayBRC Monthly Shop Price Index
27-May1100MayCBI Distributive Trades
30-May0730---DMO to release FQ2 (Jul-Sep) issuance ops calendar
02-Jun0930MayFinal Manufacturing PMI / Lending / M4
04-Jun0930MayS&P Global/ CIPS UK Final Services PMI

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

May-20 05:18
DateTimeCountryEvent
20-May0700DEPPI
20-May0900EUEZ Current Account
20-May1000EUConstruction Production
20-May1100EUECB's Cipollone pre-rec video On Sustainability
20-May---EUECB's Lagarde and Cipollone at G7 Meeting
20-May1500EUConsumer Confidence Indicator (p)
21-May1700EUECB's Lane at Monpol Panel Discussion
22-May0745FRManufacturing Sentiment
22-May0815FRS&P Global Flash PMI (p)
22-May0830DES&P Global Flash PMI (p)
22-May0900DEIFO Business Climate Index
22-May0900EUS&P Global Flash PMI (p)
22-May1230EUECB April Minutes Released
22-May1400BEBNB Business Confidence
22-May1600EUECB's Elderson Dinner Speech at Biodiversity Day
22-May1635EUECB's de Guindos Speech in Madrid

GBPUSD TECHS: Bullish Outlook

May-20 05:15
  • RES 4: 1.3550 High Feb 24 ‘22
  • RES 3: 1.3510 1.236 proj of the Feb 28 - Apr 3 - 7 price swing
  • RES 2: 1.3444 High Apr 28 / 29 and the bull trigger
  • RES 1: 1.3404 High May 19   
  • PRICE: 1.3373 @ 06:14 BST May 20
  • SUP 1: 1.3140 Low May 12   
  • SUP 2: 1.3126 50-day EMA
  • SUP 3: 1.3041 Low Apr 14  
  • SUP 4: 1.2968 Low Apr 11 

GBPUSD traded higher Monday, extending the recovery from 1.3140, the May 12 low. A bullish engulfing candle on May 13 highlights a bullish reversal signal. The pattern remains valid and if correct, signals the end of the recent corrective cycle and a resumption of the uptrend. Key support to watch is 1.3126, the 50-day EMA. A continuation higher would refocus attention on the key resistance and a bull trigger, at 1.3444, the Apr 28 / 29 high.