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

Mar-16 06:23
Date UK Period Event
14-Mar 0700 Jan/Feb Labour Market Survey
15-Mar ---- ---- Chancellor Delivers Spring Budget, OBR Forecasts, Likely DMO Remit
17-Mar 0930 Feb Bank of England/TNS Inflation Attitudes Survey
20-Mar ---- ---- DMO Quarterly Consultation with GEMMs / Investors
20-Mar 0730 ---- DMO to Confirm Gilts on Offer at 4/5 April Auctions
21-Mar 0700 Feb Public Sector Net Finances
22-Mar 0700 Feb Inflation Report
22-Mar 0930 Jan ONS House Price Index
22-Mar 1100 Mar CBI Industrial Trends
23-Mar 1200 ---- Bank Of England Interest Rate
24-Mar 0001 Mar Gfk Monthly Consumer Confidence
24-Mar 0700 Feb Retail Sales
24-Mar 0730 ---- DMO to Publish Apr-Jun Gilt Op Calendar
24-Mar 0930 Mar S&P Global Manufacturing/Services PMI (Flash)
24-Mar 1630 Q2 BOE Announces Q2 Active Gilt Sales Schedule

Historical bullets

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

Feb-14 06:23
Date UK Period Event
14-Feb 0700 Dec/Jan Labour Market Survey
15-Feb 0700 Jan Inflation Report
15-Feb 0930 Dec ONS House Price Index
16-Feb 1700 ---- BOE Pill Fireside Chat at Warwick University Think Tank
17-Feb 0700 Jan Retail Sales
21-Feb 0700 Jan Public Sector Finances
21-Feb 0930 Feb S&P Global Flash Manufacturing/Services PMIs
23-Feb 0930 ---- BOE Mann Speech at Resolution Foundation
23-Feb 1045 ---- BOE Cunliffe Keynote Address at G20 Finance Meeting
24-Feb 0001 Feb Gfk Monthly Consumer Confidence
24-Feb 1630 ---- BOE Tenreyro Panellist at NY Fed
01-Mar 0001 Feb BRC Monthly Shop Price Index
06-Mar 0930 Feb S&P Global Construction PMI
07-Mar 0001 Feb BRC-KPMG Shop Sales Monitor

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

Feb-14 06:18
Date Time Country Event
14-Feb ---- EU ECB de Guindos at ECOFIN Meeting
14-Feb 1000 EU GDP (p) / Employment
15-Feb 0800 ES HICP (f)
15-Feb 1000 EU Industrial Production / Trade Balance
15-Feb 1400 EU ECB Lagarde at Plenary Debate on ECB Annual Report
16-Feb 0915 EU ECB Panetta Discussion at Centre for European Reform
16-Feb 1500 EU ECB Lane Dow Lecture at NIES London
16-Feb 1945 EU ECB de Guindos Students Discussion
17-Feb 0700 DE PPI
17-Feb 0745 FR HICP (f)
17-Feb 0900 EU EZ Current Account
20-Feb 0700 DE PPI
20-Feb 1000 EU Construction Production
20-Feb 1500 EU Consumer Confidence Indicator (p)

GILT TECHS: (H3) Cracks Support

Feb-14 06:15
  • RES 4: 108.96 2.236 proj of the Jan 23 - 25 - 30 price swing
  • RES 3: 108.44 2.00 proj of the Jan 23 - 25 - 30 price swing
  • RES 2: 107.78 High Feb 2 and the bull trigger
  • RES 1: 105.67/106.88 High Feb 9 / 6
  • PRICE: 103.77 @ 15:12 GMT Feb 13
  • SUP 1: 103.75 50-dma
  • SUP 2: 103.52 Low Feb 13
  • SUP 3: 103.21 Low Jan 17
  • SUP 4: 103.13 2.0% 10-dma envelope

Gilt futures broke through support to firm the downtrend Friday, opening another leg lower in the near-term. The break and close below 104.04 threatens the recent bull theme and highlights a short-term top. Prices have also slipped through 103.94, the 50-day EMA, further weakening the outlook. Initial resistance is seen at 105.67, the Feb 9 high where a break is required to ease the current bearish threat. This would also signal a short-term reversal.