{"id":14809,"date":"2015-09-29T10:36:14","date_gmt":"2015-09-29T05:06:14","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=14809"},"modified":"2015-09-29T10:36:14","modified_gmt":"2015-09-29T05:06:14","slug":"tuesday-29th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-29th-september-european-open-briefing\/","title":{"rendered":"Tuesday 29th September: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei down 3.60 %, Shanghai Composite lost 1.85 %, Hang Seng declined 3.50 %, ASX fell 2.75 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1131.70 (unch), Silver at $14.57 (+0.20 %), WTI Oil at $44.40 (-0.02 %), Brent Oil at $47.38 (+0.03 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.08, UK 10 year yield at 1.77, German 10 year yield at 0.59\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia ANZ Roy Morgan Weekly Consumer Confidence Index (w\/e 27 Sep): 110.6 (prev 114.5)\n\t<\/li>\n<li>\n\t\tPBOC Fixes Yuan Reference Rate At 6.3660 (prev 6.3729)\n\t<\/li>\n<li>\n\t\tFed&rsquo;s Williams: Still Sees Liftoff Appropriate This Year &#8212; BBG\n\t<\/li>\n<li>\n\t\tFed&rsquo;s Williams: Econ Data Has Been At\/Above Expectation For Liftoff &#8212; BBG\n\t<\/li>\n<li>\n\t\tFed&rsquo;s Williams: Don&#39;t Want To Be On Preset Time Table For Hikes\n\t<\/li>\n<li>\n\t\tWilliams: US Economy Can Handle Rate Hike\n\t<\/li>\n<li>\n\t\tWilliams: Expects Jobless Rate To Fall Below 5% Later This Year\n\t<\/li>\n<li>\n\t\tAsia shares skid to three-and-a-half-year lows on China anxiety &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe risk-off theme remains present in the FX market, with the Japanese Yen and Swiss Franc bid overnight and the US Dollar &amp; commodity currencies weaker. The Euro benefited from falling European equity markets and dovish comments from FOMC member Evans helped EUR\/USD rise above 1.12. The pair extended gains in Asia, reaching a high of 1.1265 earlier. Meanwhile, the British Pound remains surprisingly weak and is consolidating around 1.5160 support at the moment. A clear break lower would pave the way for a 1.5040 test. EUR\/GBP has posted a fresh 3-month high as it broke above 0.7420 resistance. The next major obstacle for the pair will be 0.7480.\n<\/p>\n<p>\n\tUSD\/JPY has been under pressure since the trading week started and was again offered in Asia. It fell to a low of 119.48 and further losses seem likely, with 119.00\/05 the next major support area. Commodity currencies are suffering from the risk-off sentiment as well, with AUD &amp; NZD the worst performing currencies overnight. AUD\/USD fell to 0.6945 and traders are now keeping an eye on the 0.69 level, the current yearly low. NZD\/USD is consolidating around 0.63 and support can be expected at 0.6240 and then 0.62.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:00 BST &#8211; Spanish CPI\n\t<\/li>\n<li>\n\t\t13:00 BST &#8211; German CPI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US CB Consumer Confidence\n\t<\/li>\n<li>\n\t\t20:40 BST &#8211; Bank of Carney Governor Carney speaks\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 3.60 %, Shanghai Composite lost 1.85 %, Hang Seng declined 3.50 %, ASX fell 2.75 % Commodities: Gold at $1131.70 (unch), Silver at $14.57 (+0.20 %), WTI Oil at $44.40 (-0.02 %), Brent Oil at $47.38 (+0.03 %) Rates: US 10 year yield at 2.08, UK 10 year &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-29th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 29th September: European Open Briefing<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":12469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=14809"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14809\/revisions"}],"predecessor-version":[{"id":14810,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14809\/revisions\/14810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/media\/12469"}],"wp:attachment":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=14809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=14809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=14809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}