Sample Category Title

In March, UK CPI was unchanged at 1.9% yoy, below expectation of 2.0% yoy. Core CPI was also unchanged at 1.8% yoy, below expectation of 1.9% yoy. RPI slowed to 2.4% yoy, down from 2.5% yoy and miss expectation of 2.6% yoy.

PPI input dropped -0.2% mom, rose 3.7% yoy, below expectation of 0.3% mom, 3.9% yoy. PPI output rose 0.3% mom, 2.4% yoy, versus expectation of 0.2% mom, 2.1% yoy. PPI output core rose 0.02% mom, 2.2% yoy versus expectation o f0.1% mom, 2.2% yoy..

House price index rose 0.6% yoy in February, well below expectation of 1.3% yoy.

EUR/GBP rises mildly today mainly due to Euro's strength. Sterling's reaction to the data set elsewhere is muted.

Pivot (invalidation): 2910.50

Our preference Short positions below 2910.50 with targets at 2896.00 & 2888.25 in extension.

Alternative scenario Above 2910.50 look for further upside with 2920.00 & 2931.00 as targets.

Comment The RSI is mixed to bearish.

Pivot (invalidation): 11955.00

Our preference Long positions above 11955.00 with targets at 12029.00 & 12112.00 in extension.

Alternative scenario Below 11955.00 look for further downside with 11890.00 & 11845.00 as targets.

Comment The RSI is around its neutrality area at 50%

Pivot (invalidation): 5.7830

Our preference Long positions above 5.7830 with targets at 5.8230 & 5.8460 in extension.

Alternative scenario Below 5.7830 look for further downside with 5.7500 & 5.7290 as targets.

Comment The RSI lacks downward momentum.

Pivot (invalidation): 0.7165

Our preference Short positions below 0.7165 with targets at 0.7125 & 0.7115 in extension.

Alternative scenario Above 0.7165 look for further upside with 0.7180 & 0.7190 as targets.

Comment The RSI calls for a new downleg.

Pivot (invalidation): 1.3360

Our preference Long positions above 1.3360 with targets at 1.3420 & 1.3450 in extension.

Alternative scenario Below 1.3360 look for further downside with 1.3340 & 1.3320 as targets.

Comment The break above 1.3360 is a positive signal that has opened a path to 1.3420.

Pivot (invalidation): 1.0025

Our preference Long positions above 1.0025 with targets at 1.0060 & 1.0085 in extension.

Alternative scenario Below 1.0025 look for further downside with 1.0010 & 0.9995 as targets.

Comment The break above 1.0025 is a positive signal that has opened a path to 1.0060.

Pivot (invalidation): 111.85

Our preference Long positions above 111.85 with targets at 112.10 & 112.25 in extension.

Alternative scenario Below 111.85 look for further downside with 111.65 & 111.50 as targets.

Comment A support base at 111.85 has formed and has allowed for a temporary stabilisation.

Pivot (invalidation): 1.3120

Our preference Short positions below 1.3120 with targets at 1.3065 & 1.3050 in extension.

Alternative scenario Above 1.3120 look for further upside with 1.3135 & 1.3150 as targets.

Comment The RSI shows downside momentum.

Pivot (invalidation): 1.1320

Our preference Short positions below 1.1320 with targets at 1.1280 & 1.1260 in extension.

Alternative scenario Above 1.1320 look for further upside with 1.1340 & 1.1360 as targets.

Comment The RSI calls for a new downleg.