{"id":14817,"date":"2015-09-30T10:32:21","date_gmt":"2015-09-30T05:02:21","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=14817"},"modified":"2015-09-30T10:32:21","modified_gmt":"2015-09-30T05:02:21","slug":"wednesday-30th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/wednesday-30th-september-european-open-briefing\/","title":{"rendered":"Wednesday 30th 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 up 2.40 %, Shanghai Composite gained 0.70 %, Hang Seng rose 1.70 %, ASX 1.40 % higher\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1125 (-0.20 %), Silver at $14.59 (+0.10 %), WTI Oil at $44.70 (-1.15 %), Brent Oil at $47.80 (-0.60 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.07, UK 10 year yield at 1.75, German 10 year yield at 0.58\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan Retail Sales (MoM) Aug: 0.0% (exp 0.5% prev rev 1.4%)\n\t<\/li>\n<li>\n\t\tJapan Retail Sales (YoY) Aug: 0.8% (exp 1.2% prev rev 1.8%)\n\t<\/li>\n<li>\n\t\tJapan Industrial Production (MoM) Aug, P: -0.5% (exp 1.0% prev -0.8%)\n\t<\/li>\n<li>\n\t\tJapan Industrial Production (YoY) Aug, P: 0.2% (exp 1.8% prev 0.0%)\n\t<\/li>\n<li>\n\t\tChina Westpac-MNI Consumer Sentiment (Sep): 118.2 (prev 116.5)\n\t<\/li>\n<li>\n\t\tChina Current Account Surplus (Q2): USD 73 Bln &#8212; BBG\n\t<\/li>\n<li>\n\t\tPBOC Fixes Yuan Reference Rate At 6.3613 (prev 6.3660)\n\t<\/li>\n<li>\n\t\tAustralia Building Approvals (MoM) Aug: -6.9% (exp -2.0% prev 4.2%)\n\t<\/li>\n<li>\n\t\tAustralia Building Approvals (YoY) Aug: 5.1% (exp 7.4% prev 13.4%)\n\t<\/li>\n<li>\n\t\tAustralia Private Sector Credit (YoY) Aug: 6.3% (exp 6.2% prev 6.1%)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Activity Outlook (Sep): 16.7 (prev 12.2)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Business Confidence (Sep): -18.9 (prev -29.1)\n\t<\/li>\n<li>\n\t\tNew Zealand Building Permits (MoM) Aug: -4.9% (prev 20.4%)\n\t<\/li>\n<li>\n\t\tUK GfK Consumer Confidence (Sep): 3 (exp 5 prev 7)\n\t<\/li>\n<li>\n\t\tJapanese PM Advisor Takenaka: Extra Budget Should Be Followed By More BoJ Easing\n\t<\/li>\n<li>\n\t\tTakenaka: USDJPY In Comfortable Range of 115-120\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tPrice action in the major FX pairs remains choppy overall. EUR\/USD has bounced from the 1.12 level and consolidated in a 1.1240-60 range overnight. USD\/JPY rose slightly after weaker than expected Japanese data, with both retail sales and industrial production missing expectations. USD\/JPY stood at 119.70 at the Sydney open and reached a high of 120.05 shortly after the data releases. Meanwhile, GBP\/USD continues to struggle. It broke below the 1.5150 support level yesterday and reached a low of 1.5130. The pair has seen a mild rebound overnight, but techs remain bearish overall.\n<\/p>\n<p>\n\tCommodity currencies recovered somewhat, with the AUD\/USD back above 0.70 and NZD\/USD heading slowly heading towards 0.74. The Canadian Dollar managed to rise overnight, despite falling Oil prices. USD\/CAD fell from a high of 1.3460 in yesterday&rsquo;s late NY session to 1.3408 just earlier.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 BST &#8211; German Retail Sales\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; French PPI\n\t<\/li>\n<li>\n\t\t08:55 BST &#8211; German Unemployment Rate\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK GDP\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone CPI\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone Unemployment Rate\n\t<\/li>\n<li>\n\t\t13:15 BST &#8211; US ADP Nonfarm Employment Change\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian GDP\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Chicago PMI\n\t<\/li>\n<li>\n\t\t20:00 BST &#8211; Fed Chair Yellen speaks\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 2.40 %, Shanghai Composite gained 0.70 %, Hang Seng rose 1.70 %, ASX 1.40 % higher Commodities: Gold at $1125 (-0.20 %), Silver at $14.59 (+0.10 %), WTI Oil at $44.70 (-1.15 %), Brent Oil at $47.80 (-0.60 %) Rates: US 10 year yield at 2.07, UK 10 &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/wednesday-30th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 30th 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-14817","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\/14817","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=14817"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14817\/revisions"}],"predecessor-version":[{"id":14818,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14817\/revisions\/14818"}],"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=14817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=14817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=14817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}