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

Dec-18 06:23
DateTimePeriodEvent
18-Dec1200---Bank Of England Interest Rate
19-Dec0001DecGfk Monthly Consumer Confidence
19-Dec0700NovRetail Sales / Public Sector Finances
19-Dec1100DecCBI Distributive Trades
19-Dec1200---BOE Market Participants Survey
19-Dec1630---BOE to announce APF Q4 Sales Schedule
22-Dec0700Q3GDP 2nd Est / Quarterly current account balance
02-Jan0930DecS&P Global Manufacturing PMI (f)
05-Jan0930NovBOE Lending to Individuals / M4
06-Jan0001DecBRC Monthly Shop Price Index
06-Jan0930DecS&P Global Services / Composite PMI (f)
07-Jan0930DecS&P Global/CIPS Construction PMI
13-Jan0001DecBRC-KPMG Shop Sales Monitor
15-Jan0700NovGDP / Services / Production / Trade / Construction
15-Jan0930---BOE Credit Conditions Survey
20-Jan0700Nov/DecLabour Market Report
21-Jan0700DecConsumer Inflation Report / Producer Prices
22-Jan0700DecPublic Sector Finances

Historical bullets

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

Nov-18 06:18
DateTimeCountryEvent
18-Nov1000EUECB Elderson at Banking Supervision Press Conference
19-Nov0900EUEZ Current Account
19-Nov1000EUEZ HICP Final
20-Nov0700DEPPI
20-Nov1000EUEZ Construction Output
20-Nov1500EUConsumer Confidence Indicator (p)
21-Nov0745FRManufacturing Sentiment
21-Nov0800EUECB de Guindos Remarks/Q&A at Foro Gran Via
21-Nov0815FRS&P Global Manuf / Services PMI (p)
21-Nov0830DES&P Global Manuf / Services PMI (p)
21-Nov0830EUECB Lagarde Speech at European Banking Congress
21-Nov0900EUS&P Global Manuf / Serv / Comp PMI (p)
21-Nov1000EUNegotiated Wage Growth
21-Nov1130EUECB de Guindos Remarks/Q&A at Deusto Business School
22-Nov0800EUECB Lagarde in Roundtable at Austrian National Bank
22-Nov1100EUECB Lagarde Keynote on Fiscal and MonPol

BOBL TECHS: (Z5) Bearish Cycle

Nov-18 06:17
  • RES 4: 118.600 High Oct 24       
  • RES 3: 118.360 High Oct 28   
  • RES 2: 118.270 High Nov 5  118.360/600 High Oct 28 / 24
  • RES 1: 117.960/118.121 Low Nov 10 / 50-day EMA.   
  • PRICE: 117.920 @ 06:00 GMT Nov 18
  • SUP 1: 117.800 Low Nov 17  
  • SUP 2: 117.710 Low Oct 6  
  • SUP 3: 117.630 Low Oct 1  
  • SUP 4: 117.470 Low Sep 15 and a key support 

The short-term trend condition in Bobl futures is unchanged, it remains bearish and last week’s sell-off reinforces current conditions. Recent weakness resulted in a breach of 118.043, 61.8% of the Sep 25 - Oct 17 bull cycle. Note that 117.824, the 76.4% retracement, has been pierced. A continuation lower would open 117.630, the Oct 1 low. Initial firm resistance is seen at 118.121, the 50-day EMA.

EQUITY TECHS: E-MINI S&P: (Z5) Bear Leg Extends

Nov-18 06:10
  • RES 4: 6993.12 3.500 proj of the Aug 20 - 28 - Sep 2 price swing
  • RES 3: 6953.75 High Oct 30 and bull trigger 
  • RES 2: 6900.50 High Nov 12 
  • RES 1: 6793.65 20-day EMA  
  • PRICE: 6657.00 @ 05:59 GMT Nov 18
  • SUP 1: 6638.75 Low Nov 14  
  • SUP 2: 6571.25 Low Oct 17
  • SUP 3: 6540.25 Low Oct 10 and a key support 
  • SUP 4: 6476.62 23.6% retracement of the Apr 7 - Oct 30 uptrend 

S&P E-Minis maintain a softer short-term tone. The below support at 6655.70, the Nov 7 low cancel recent bearish signals and signals scope for an extension of the current corrective cycle. Note that price has also breached support at the 50-day EMA. An extension would open 6540.25, the Oct 10 low and the next key support. Initial firm resistance to watch is 6793.65, the 20-day EMA.