SCHATZ TECHS: (Z5) Bear Threat Remains Present

Oct-08 05:28

* RES 4: 107.240 High Aug 4 * RES 3: 107.225 High Aug 27 and the bull trigger * RES 2: 107.145/190 H...

Historical bullets

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

Sep-08 05:23
DateTimePeriodEvent
09-Sep0001AugBRC-KPMG Shop Sales Monitor
09-Sep1615---BOE Breeden Moderates BIS Fireside Chat
12-Sep0700JulGDP / Services / Production / Trade / Construction
12-Sep0930AugBank of England/Ipsos Inflation Attitudes Survey
16-Sep0700Jul/AugLabour Market Survey
17-Sep0700AugConsumer inflation report
18-Sep1200---Bank Of England Interest Rate
19-Sep0001SepGfk Monthly Consumer Confidence
19-Sep0700AugPublic Sector Finances / Retail Sales
23-Sep0930SepS&P Global Flash PMIs
23-Sep1100SepCBI Industrial Trends
24-Sep0001AugBrightmine pay deals for whole economy
25-Sep1100SepCBI Distributive Trades
29-Sep0930AugBOE Lending to Individuals / M4
30-Sep0001SepBRC Monthly Shop Price Index
30-Sep0700Q2GDP 2nd Est / Quarterly Current Account Balance
01-Oct0930SepS&P Global Manufacturing PMI (Final)
02-Oct0930SepDecision Maker Panel data

GBPUSD TECHS: Remains Above Last Week’s Low

Sep-08 05:21
  • RES 4: 1.3681 High Jul 4  
  • RES 3: 1.3636 76.4% retracement of the Jul 1 - Aug1 downleg
  • RES 2: 1.3595 High Aug 14 and a bull trigger 
  • RES 1: 1.3555 High Sep 5
  • PRICE: 1.3499 @ 06:20 BST Sep 6
  • SUP 1: 1.3417/3333 Low Sep 4 / 3
  • SUP 2: 1.3315 61.8% retracement of the Aug 1 - 14 bull leg
  • SUP 3: 1.3249 76.4% retracement of the Aug 1 - 14 bull leg 
  • SUP 4: 1.3142 Low Aug 1 and a key support      

GBPUSD is holding on to the bulk of its latest gains following the recovery from last Wednesday’s low. The move higher appears corrective - for now. Recent weakness resulted in a breach of 1.3391, the Aug 22 low. This signals scope for a deeper retracement and exposes 1.3315 next, 61.8% of the Aug 1 - 14 bull leg. On the upside, clearance of 1.3595, the Aug 14 high, is required to reinstate a bull theme.

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

Sep-08 05:18
DateTimeCountryEvent
08-Sep0700DETrade Balance / Industrial Production
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