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

Oct-08 05:23
DateTimePeriodEvent
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
13-Oct1205---BOE Greene at Society of Professional Economists
13-Oct2010---BOE Mann in MonPol Panel
14-Oct0001SepBRC-KPMG Shop Sales Monitor
14-Oct0700Aug/SepLabour Market Report
14-Oct1300---BOE Taylor Fireside Chat at University of Cambridge
14-Oct1800---BOE Bailey at Institute of International Finance
15-Oct0900---BOE Ramsden Panel at Resolution Mechanism Conference
15-Oct1645---BOE Breeden in Panel on Financial Regulation
15-Oct1900---BOE Breeden in Panel at Fintech Foundation
16-Oct0700AugGDP / Services / Production / Trade / Construction
16-Oct0930---BOE Credit Conditions Survey
16-Oct1400---BOE Mann in Panel on MonPol and Trade Shocks
16-Oct1545---BOE Mann in MonPol Panel at IMF/World Bank Meetings
16-Oct1930---BOE Greene in Panel on UK/EU Relations

Historical bullets

GBPUSD TECHS: Remains Above Last Week’s Low

Sep-08 05:21
  • RES 4: 1.3681 High Jul 4  
  • RES 3: 1.3636 76.4% retracement of the Jul 1 - Aug1 downleg
  • RES 2: 1.3595 High Aug 14 and a bull trigger 
  • RES 1: 1.3555 High Sep 5
  • PRICE: 1.3499 @ 06:20 BST Sep 6
  • SUP 1: 1.3417/3333 Low Sep 4 / 3
  • SUP 2: 1.3315 61.8% retracement of the Aug 1 - 14 bull leg
  • SUP 3: 1.3249 76.4% retracement of the Aug 1 - 14 bull leg 
  • SUP 4: 1.3142 Low Aug 1 and a key support      

GBPUSD is holding on to the bulk of its latest gains following the recovery from last Wednesday’s low. The move higher appears corrective - for now. Recent weakness resulted in a breach of 1.3391, the Aug 22 low. This signals scope for a deeper retracement and exposes 1.3315 next, 61.8% of the Aug 1 - 14 bull leg. On the upside, clearance of 1.3595, the Aug 14 high, is required to reinstate a bull theme.

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

Sep-08 05:18
DateTimeCountryEvent
08-Sep0700DETrade Balance / Industrial Production
09-Sep0745FRIndustrial Production
10-Sep0800ESIndustrial Production
10-Sep0900ITIndustrial Production
11-Sep1315EUECB Rate Decision
11-Sep1345EUECB Press Conference
11-Sep1515EUECB Lagarde Presents Rate Decision on ECB Podcast
12-Sep0700DEGermany CPI (f)
12-Sep0745FRHICP (f)
12-Sep0800ESHICP (f)
12-Sep1000EULabour Market Quarterly Statistics
15-Sep1000EUTrade Balance
15-Sep1910EUECB Lagarde at Institut Montaigne Paris
16-Sep0900ITHICP (f)
16-Sep1000DEZEW Current Expectations Index
16-Sep1000EUEZ Industrial Production

BOBL TECHS: (Z5) Bullish Structure

Sep-08 05:17
  • RES 4: 118.635 1.500 proj of the Aug 25 - 28 - Sep 2 price swing     
  • RES 3: 118.561 1.382 proj of the Aug 25 - 28 - Sep 2 price swing  
  • RES 2: 118.469 1.236 proj of the Aug 25 - 28 - Sep 2 price swing 
  • RES 1: 118.350 High Sep 5 
  • PRICE: 118.200 @ 05:12 BST Sep 6
  • SUP 1: 117.920 Low Sep 4    
  • SUP 2: 117.690 Low Sep 2    
  • SUP 3: 117.630 Low Aug 25  and a key short-term support   
  • SUP 4: 117.481 123.6% retracement projection of Aug 25 - 28 rally  

Bobl futures rallied Friday. The contract has breached resistance at 118.260, the Aug 28 high. A breach of this level undermines the recent bearish theme and signals scope for a stronger recovery towards 118.469, a Fibonacci projection. On the downside, initial support to watch lies at 117.920, the Sep 4 low. A break of this level would highlight a reversal and instead expose 117.690, the Sep 2 low.