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

Jan-09 06:23

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

Dec-10 06:23
DateTimePeriodEvent
10-Dec1000---Chancellor Reeves Testifies at TSC on Budget
11-Dec0001NovRICS House Prices
11-Dec0950---BOE Bailey Pre-recorded Chat on Financial Stability
11-Dec1000---BOE Bailey Gives Evidence At Covid-19 Inquiry
12-Dec0700OctGDP / Services / Production / Trade / Construction
12-Dec0930NovBank of England/Ipsos Inflation Attitudes Survey
16-Dec0700Oct/NovLabour Market Report
16-Dec0930DecS&P Global Manuf / Serv / Comp PMI flash
17-Dec0001NovBrightmine pay deals for whole economy
17-Dec0700NovConsumer Inflation Report / Producer Prices
17-Dec1100DecCBI Industrial Trends
18-Dec1200---Bank Of England Interest Rate
19-Dec0001DecGfk Monthly Consumer Confidence
19-Dec0700NovPublic Sector Finances / Retail Sales
19-Dec1100DecCBI Distributive Trades
19-Dec1200---BOE Market Participants Survey
19-Dec1630---BOE to announce APF Q4 Sales Schedule

GBPUSD TECHS: Bull Flag Formation

Dec-10 06:19
  • RES 4: 1.3471 High Oct 17   
  • RES 3: 1.3452 50.0% retracement of the Sep 17 - Nov 4 bear leg 
  • RES 2: 1.3416 High Oct 21
  • RES 1: 1.3385 High Dec 04
  • PRICE: 1.3311 @ 06:18 GMT Dec 10
  • SUP 1: 1.3268 50-day EMA   
  • SUP 2: 1.3241 20-day EMA
  • SUP 3: 1.3180/25 Low Dec 2 / Low Nov 26 
  • SUP 4: 1.3038/10 Low Nov 20 / Low Nov 4 & 5 and the bear trigger       

The latest pause in GBPUSD appears to be a flag formation - a bullish continuation signal. This reinforces the current uptrend. The breach of  the 50-day EMA undermined a recent bearish theme and highlights a stronger reversal. Scope is seen for a climb towards 1.3452, a Fibonacci retracement point. Initial firm support is seen at 1.3241, the 20-day EMA. A move below this average would be a bearish development.

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

Dec-10 06:18
DateTimeCountryEvent
10-Dec0900ITIndustrial Production
10-Dec1055EUECB Lagarde Interview on Currencies/Digital Euro
11-Dec---EUECB Lagarde and Cipollone at Eurogroup Meeting
12-Dec0700DEGermany CPI (f)
12-Dec0745FRHICP (f)
12-Dec0800ESHICP (f)
12-Dec---EUECB de Guindos at ECOFIN Meeting
15-Dec1000EUEZ Industrial Production
16-Dec0815FRS&P Global Manuf / Services PMI (p)
16-Dec0830DES&P Global Manuf / Services PMI (p)
16-Dec0900EUS&P Global Manuf / Serv / Comp PMI (p)
16-Dec0900ITItaly Final HICP
16-Dec1000EUTrade Balance
16-Dec1000DEZEW Current Expectations Index
16-Dec1000ITForeign Trade
17-Dec0900DEIFO Business Climate Index
17-Dec1000EUEZ HICP Final