{"id":14856,"date":"2015-10-02T10:30:46","date_gmt":"2015-10-02T05:00:46","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=14856"},"modified":"2015-10-02T11:05:33","modified_gmt":"2015-10-02T05:35:33","slug":"friday-2nd-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-2nd-october-european-open-briefing\/","title":{"rendered":"Friday 2nd October: 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 0.45 %, Hang Seng rose 2.70 %, ASX fell 1.00 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold $1111.40 (-0.20 %), Silver at $14.49 (-0.20 %), WTI Oil at $45.20 (+1.00 %), Brent Oil at $48.00 (+0.05 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.04, UK 10 year yield at 1.76, German 10 year yield\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan Unemployment Rate (Aug): 3.4% (exp 3.3% prev 3.3%)\n\t<\/li>\n<li>\n\t\tJapan Household Spending (YoY) Aug: 2.9% (exp 0.3% prev -0.2%)\n\t<\/li>\n<li>\n\t\tAustralia Retail Sales (MoM) Aug: 0.4% (exp 0.4% prev -0.1%)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Commodity Price Index NSA (MoM) Sep: 5.5% (prev -5.2%)\n\t<\/li>\n<li>\n\t\tSouth Korea CPI (MoM) Sep: -0.2% (exp 0.2% prev 0.2%)\n\t<\/li>\n<li>\n\t\tFed&#39;s Williams: October is live meeting for lift off\n\t<\/li>\n<li>\n\t\tFed&rsquo;s Williams: Unconcerned by huge financial market response when lift off occurs\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tWeaker than expected US Manufacturing PMI data led to broad USD weakness in yesterday&#39;s NY session, helping EUR\/USD to reach 1.12 and GBP\/USD 1.5180. Overnight, the USD recovered somewhat. EUR\/USD fell from 1.1205 to a low of 1.1175, while GBP\/USD failed to sustain the little upside momentum it had in NY and declined to 1.5125. It then spent most of the Asian session in a 1.5125-50 range. USD\/JPY tested the 119.50 support level once again yesterday and managed to bounce from there. The pair was bid in Tokyo and reached a high of 120.05. Traders are now looking forward to the NFP release at 13:30 BST and price action is likely to remain quiet until then.\n<\/p>\n<p>\n\tCommodity currencies declined overnight, with exception of the Canadian Dollar, which is performing very well despite yesterday&#39;s sharp drop in oil prices. USD\/CAD found some support at 1.3220 (Sep 22 low) and should we break lower the next notable levels lie at 1.3175 and then 1.3120. AUD\/USD fell from 0.7055 at the Tokyo open to a low of 0.7010, while NZD\/USD declined from 0.6420 to 0.6385.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:00 BST &#8211; Spanish Unemployment Change\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Construction PMI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US NFP\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Unemployment Rate\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Average Hourly Earnings\n\t<\/li>\n<li>\n\t\t14:00 BST &#8211; FOMC Member Bullard speaks\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Factory Orders\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.45 %, Hang Seng rose 2.70 %, ASX fell 1.00 % Commodities: Gold $1111.40 (-0.20 %), Silver at $14.49 (-0.20 %), WTI Oil at $45.20 (+1.00 %), Brent Oil at $48.00 (+0.05 %) Rates: US 10 year yield at 2.04, UK 10 year yield at 1.76, German 10 &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-2nd-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 2nd October: 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-14856","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\/14856","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=14856"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14856\/revisions"}],"predecessor-version":[{"id":14857,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14856\/revisions\/14857"}],"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=14856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=14856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=14856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}