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

Oct-09 05:23
DateTimePeriodEvent
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

BOBL TECHS: (Z5) Recovery Extends

Sep-09 05:18
  • 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: 118.310 @ 05:55 BST Sep 9
  • 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 and again yesterday. 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.

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

Sep-09 05:18
DateTimeCountryEvent
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

EURUSD TECHS: Approaching The Bull Trigger

Sep-09 05:11
  • RES 4: 1.1923 2.00 proj of the Feb 28 - Mar 18 - 247 price swing
  • RES 3: 1.1851 High Sep 10 2021
  • RES 2: 1.1829 High Jul 01 and the bull trigger
  • RES 1: 1.1789 High Jul 24
  • PRICE: 1.1776 @ 06:10 BST Sep 9
  • SUP 1: 1.1671/25 20-and 50-day EMA values
  • SUP 2: 1.1574/1.1528 Low Aug 27 / Low Aug 5
  • SUP 3: 1.1392 Low Aug 1 and bear trigger
  • SUP 4: 1.1373 Low Jun 10

The trend theme in EURUSD remains bullish. This week’s move higher reinforces current conditions and confirms a clear breach of 1.1743, the Aug 22 high. This highlights a short-term bullish development and signals scope for an extension towards 1.1829, the Jul 01 high and bull trigger. Support to watch is around the 50-day EMA, at 1.1625. A clear breach of this average would signal scope for a deeper retracement.