Date | Time | Period | Event |
10-Jan | 0930 | ---- | BOE Governor Bailey at Riksbank conference |
12-Jan | 1700 | ---- | BOE Mann Lecture at University of Manchester |
13-Jan | 0700 | Dec | UK Monthly GDP/Services/Production/Trade/Construction |
17-Jan | 0700 | Dec | Labour Market Survey |
18-Jan | 0001 | Jan | XpertHR pay deals for whole economy |
18-Jan | 0700 | Dec | Inflation report |
18-Jan | 0930 | Dec | ONS House Price Index |
20-Jan | 0001 | Jan | Gfk Monthly Consumer Confidence |
20-Jan | 0700 | Dec | Retail Sales |
23-Jan | 0700 | Dec | Public Sector Finances |
24-Jan | 0930 | Jan | IHS Markit Services/Manufacturing PMI (flash) |
31-Jan | 0930 | Dec | BOE M4 / Lending |
01-Feb | 0001 | Jan | BRC Monthly Shop Price Index |
02-Feb | 1200 | ---- | Bank Of England Interest Rate |
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Aussie 10yr futures continue to climb. A key short-term resistance at 96.355, Oct 6 high, has been breached. This strengthens a short-term bullish position and the latest follow through reinforces this theme. Recent gains also highlight a positive price sequence of higher highs and higher lows, signalling scope for an extension. The 200-day EMA has been cleared, opening 96.760, Aug 16 high. Key support is 95.670, Jun 17 low (cont).
USDCAD recouped a small part of the recent losses ahead of the Friday close, firming the view that the recent move lower appears corrective in nature. This keeps the bullish outlook intact for now. This week’s gains have resulted in a break of trendline resistance drawn from the Oct-13 high. The trendline intersects at 1.3515. Attention is on 1.3751 next, the Nov 4 high and 1.3808, the Nov 3 high. The latter is a key resistance and a break would strengthen bullish conditions.
The AUDUSD trend condition is bullish and the recent move lower appears to be a correction. Price remains above key support at 0.6629, the 50-day EMA. A clear break of this average would be seen as a bearish development and signal scope for a deeper retracement. 0.6851, the Dec 5 high is the bull trigger. A break would confirm a resumption of the uptrend and open 0.6909, a Fibonacci retracement.