LOOK AHEAD: UK Timeline of Key Events (Times GMT)
| Date | Time | Period | Event |
| 02-Jan | 0930 | Dec | S&P Global Manufacturing PMI (Final) |
| 05-Jan | 0930 | Nov | BOE Lending to Individuals / M4 |
| 06-Jan | 0001 | Dec | BRC Monthly Shop Price Index |
| 06-Jan | 0930 | Dec | S&P Global Services / Composite PMI (f) |
| 07-Jan | 0930 | Dec | S&P Global/CIPS Construction PMI |
| 12-Jan | 0001 | --- | KPMG-REC Report on Jobs |
| 13-Jan | 0001 | Dec | BRC-KPMG Shop Sales Monitor |
| 15-Jan | 0700 | Nov | GDP / Services / Production / Trade / Construction |
| 15-Jan | 0930 | --- | BOE Credit Conditions Survey |
| 20-Jan | 0700 | Nov/Dec | Labour Market Report |
| 21-Jan | 0001 | Dec | Brightmine pay deals for whole economy |
| 21-Jan | 0700 | Dec | Consumer Inflation Report / Producer Prices |
| 22-Jan | 0700 | Dec | Public Sector Finances |
| 23-Jan | 0001 | Jan | Gfk Monthly Consumer Confidence |
| 23-Jan | 0700 | Dec | Retail Sales |
| 23-Jan | 0930 | Jan | S&P Global Manuf / Serv / Comp PMI (p) |
| 27-Jan | 0001 | Jan | BRC Monthly Shop Price Index |
| 30-Jan | 0930 | Dec | BOE Lending to Individuals / M4 |
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LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
| Date | Time | Country | Event |
| 24-Nov | 0900 | DE | IFO Business Climate Index |
| 24-Nov | 1100 | EU | ECB Cipollone at Cassa Depositi e Prestiti |
| 24-Nov | 1245 | EU | ECB Elderson Keynote on Climate & Supervision |
| 24-Nov | 1400 | BE | BNB Business Confidence |
| 24-Nov | 1445 | EU | ECB Lagarde Keynote on AI & Education |
| 25-Nov | 0700 | DE | GDP (f) |
| 25-Nov | 0745 | FR | Consumer Sentiment |
| 25-Nov | 0800 | ES | PPI |
| 25-Nov | 1400 | EU | ECB Cipollone Keynote at Central Bank of Ireland |
| 26-Nov | 1605 | EU | ECB Lane Fireside Chat on Macro Outlook |
| 26-Nov | 1700 | EU | ECB Lagarde Acceptance Speech |
| 27-Nov | 0700 | DE | GFK Consumer Climate |
| 27-Nov | 0830 | EU | ECB Cipollone Remarks at Euro Cyber Resilience Board |
| 27-Nov | 0900 | EU | M3 |
| 27-Nov | 0900 | IT | ISTAT Business / Consumer Confidence |
| 27-Nov | 1000 | EU | Consumer Confidence, Industrial Sentiment |
| 27-Nov | 1100 | EU | ECB de Guindos Remarks at CEDE Congress of Executives |
EURUSD TECHS: Key Short-Term Support Remains Exposed
- RES 4: 1.1728 High Oct 17
- RES 3: 1.1694 50.0% retracement of the Sep 17 - Nov 5 bear leg
- RES 2: 1.1656 High Nov 13 and key resistance
- RES 1: 1.1574/1609 20- and 50-day EMA EMA values
- PRICE: 1.1526 @ 06:03 GMT Nov 24
- SUP 1: 1.1491/1469 Low Nov 21 / 5 and the bear trigger
- SUP 2: 1.1425 1.500 proj of the Oct 17 - 22 - 28 price swing
- SUP 3: 1.1392 Low Aug 1 and bear trigger
- SUP 4: 1.1313 Low May 30
The short-term trend structure in EURUSD remains bearish and the pair continues to trade below resistance at 1.1656, the Nov 13 high and a key short-term reversal trigger. Note that moving average studies are in a bear-mode position, highlighting a dominant downtrend. Sights are on key support at 1.1469, the Nov 5 low and a bear trigger. Clearance of this support would strengthen a bearish theme.
BUND TECHS: (Z5) Monitoring Resistance
- RES 4: 130.07 High Oct 24
- RES 3: 129.73 High Oct 28
- RES 2: 129.40 High Nov 13
- RES 1: 129.04 50-day EMA
- PRICE: 128.83 @ 05:35 GMT Nov 24
- SUP 1: 128.37 Low Nov 20 and the short-term bear trigger
- SUP 2: 128.25 Low Oct 7
- SUP 3: 127.88 Low Sep 25 and key support
- SUP 4: 127.61 Low Sep 3 and a key M/T support
A rally in Bund futures on Friday appears to be a correction - for now. Price remains below an important resistance around the 50-day EMA, at 129.04. A clear break of the EMA is required to signal a potential reversal. Recent weakness has resulted in a print below support at 128.52, 76.4% of the Sep 25 - Oct 17 bull leg. A resumption of the bear leg would open 128.25, the Oct 7 low.
