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

Oct-02 05:23
DateTimePeriodEvent
02-Oct0930SepDecision Maker Panel data
03-Oct0930SepS&P Global Services / Composite PMI (Final)
03-Oct1420---BOE Bailey Keynote At Knot Farewell Symposium
06-Oct0930SepS&P Global/CIPS Construction PMI
06-Oct1830---BOE Bailey Speech at Scotland Global Investment Summit
08-Oct1600---BOE Pill Speech at University of Birmingham
09-Oct0930---BOE Mann Keynote at Resolution Foundation Event
10-Oct0001---KPMG / REC Report on Jobs
14-Oct0001SepBRC-KPMG Shop Sales Monitor
14-Oct0700Aug/SepLabour Market Report
16-Oct0700AugGDP / Services / Production / Trade / Construction
16-Oct0930---BOE Credit Conditions Survey
21-Oct0700SepPublic Sector Finances
22-Oct0700SepConsumer inflation report
24-Oct0001OctGfk Monthly Consumer Confidence
24-Oct0700SepRetail Sales
24-Oct0930OctS&P Global Manuf / Serv / Comp PMI (p)
28-Oct0001OctBRC Monthly Shop Price Index

Historical bullets

GOLD TECHS: Fresh All-Time High

Sep-02 05:19
  • RES 4: $3600.0 - Round number resistance 
  • RES 3: $3547.9 - 1.764 proj of the Feb 28 - Apr 3 - Apr 7 price swing
  • RES 2: $3539.7 - 2.00 proj of the Dec 30 ’24 - Apr 3 - 7 price swing  
  • RES 1: $3508.7 - Intraday high              
  • PRICE: $3495.8 @ 06:19 BST Sep 2
  • SUP 1: $3437.1 - Low Sep 1  
  • SUP 2: $3381.8 - 20-day EMA
  • SUP 3: $3353.8 - 50-day EMA
  • SUP 4: $3311.6 - Low Aug 20  

Gold is trading sharply higher this week as the metal extends its bull cycle. Today’s gains have resulted in breach of key resistance at $3500.1, the Apr 22 high, and delivered a fresh all-time high. This confirms a resumption of the primary uptrend and an extension of the sequence of higher highs and higher lows. The next objective is $3547.9, a Fibonacci projection. Initial firm support to watch lies at $3381.8, the 20-day EMA.

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

Sep-02 05:18
DateTimeCountryEvent
02-Sep1000ITPPI
02-Sep1000EUEZ HICP Flash
02-Sep1230EUECB Elderson and Machado Panel at ECB Legal Conference
03-Sep0815ESS&P Global Services / Composite PMI (f)
03-Sep0830EUECB Lagarde Speaks at ESRB Conference
03-Sep0845ITS&P Global Services / Composite PMI (f)
03-Sep0850FRS&P Global Services / Composite PMI (f)
03-Sep0855DES&P Global Services / Composite PMI (f)
03-Sep0900EUS&P Global Services / Composite PMI (f)
03-Sep1000EUEZ PPI
04-Sep0830EUS&P Global Final Eurozone Construction PMI
04-Sep1000EUEZ Retail Sales
04-Sep1030EUECB Cipollone at Digital Euro Hearing, EU Parliament
05-Sep0700DEManufacturing Orders
05-Sep0745FRForeign Trade
05-Sep0900ITRetail Sales
05-Sep1000EUEZ GDP 3rd (Regular) / Employment
08-Sep0700DETrade Balance / Industrial Production

OIL: Crude Continues Higher As Upcoming OPEC Meeting & US Payrolls In Focus

Sep-02 05:09

Oil prices have continued the rally started on Monday. WTI is up 1.4% to $64.90/bbl after reaching $65.10. Brent is 0.4% higher at $68.42/bbl after a peak of $68.58, remaining below resistance at $69.06. The prospect of a near-term easing in sanctions on Russia has faded with the US and EU now looking at extending them after attacks on Ukrainian cities have intensified. The USD index is up 0.1%.

  • With the oil market expected to post a substantial surplus in 2026, supply developments are being watched closely.
  • OPEC meets on September 7 to decide its October production target. There are still 1.65mbd of previous voluntary output cuts that could be unwound but analysts believe the group will hold production stable.
  • Demand also remains in focus with concerns regarding the impact from increased US tariffs but the prospect of Fed easing is calming concerns. Friday’s August US payroll data will be key.
  • Later the ECB’s Elderson and Machado appear. US August manufacturing PMI/ISM, July construction, euro area August CPI and July French budget data print.