{"id":14912,"date":"2015-10-08T09:30:44","date_gmt":"2015-10-08T04:00:44","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=14912"},"modified":"2015-10-08T11:30:56","modified_gmt":"2015-10-08T06:00:56","slug":"thursday-8th-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/thursday-8th-october-european-open-briefing\/","title":{"rendered":"Thursday 8th 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 %, Shanghai Composite gained 3.80 %, Hang Seng fell 0.60 %, ASX gained 0.65 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1142.90 (-0.50 %), Silver at $15.65 (-2.75 %), WTI Oil at $48.00 (+0.40 %), Brent Oil at $51.50 (-0.35 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.04, UK 10 year yield at 1.83, German 10 year yield at 0.33\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan Machine Orders (MoM) Aug: -5.7% (exp 2.3% prev -3.6%)\n\t<\/li>\n<li>\n\t\tJapan Machine Orders (YoY) Aug: -3.5% (exp 3.5% prev 2.8%)\n\t<\/li>\n<li>\n\t\tJapan BoP Current Account Balance (Aug): 1653.1 JPY Bln (exp 1226.06 Bln prev JPY 1808.6 Bln)\n\t<\/li>\n<li>\n\t\tAsia flags but China stocks surge in catch-up after long break &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil rebounds, shrugging of U.S. stockpile build &#8211; RTRS\n\t<\/li>\n<li>\n\t\tS&amp;P 500 at Seven-Week High as Biotech, Commodity Shares Rally &#8211; BBG\n\t<\/li>\n<\/ul>\n<h4>\n\tMarkets Update:&nbsp;<br \/>\n<\/h4>\n<div>\n\tIt was a rather quiet overnight session, with no major data releases. EUR\/USD started the session around 1.1235, from where it eventually rose to a high at 1.1260. GBP\/USD caught some decent upside momentum after the break of the 1.5245 level, but ran into decent resistance ahead of 1.5340. In Asia, the pair consolidated in a 1.5298-20 range. Meanwhile, USD\/JPY remains under pressure after the BoJ meeting yesterday. It found support at 119.75, which held twice in the past 24 hours, but continues to look weak and a test of 119.25 seems likely in the near-term. The commodity currencies weakened slightly overnight, with AUD\/USD dropping to 0.7165 from a high of 0.7220, while NZD\/USD declined from 0.6630 to 0.6585. There is no particular news or event behind the decline of the commodity currencies overnight, so it seems flow-driven.\n<\/div>\n<p>\n\t<strong>Upcoming Events:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German Trade Balance\n\t<\/li>\n<li>\n\t\t12:00 GMT &#8211; Bank of England Rate Decision\n\t<\/li>\n<li>\n\t\t12:30 GMT &#8211; ECB Meeting Minutes\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.45 %, Shanghai Composite gained 3.80 %, Hang Seng fell 0.60 %, ASX gained 0.65 % Commodities: Gold at $1142.90 (-0.50 %), Silver at $15.65 (-2.75 %), WTI Oil at $48.00 (+0.40 %), Brent Oil at $51.50 (-0.35 %) Rates: US 10 year yield at 2.04, UK 10 &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/thursday-8th-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 8th 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-14912","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\/14912","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=14912"}],"version-history":[{"count":3,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14912\/revisions"}],"predecessor-version":[{"id":14915,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14912\/revisions\/14915"}],"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=14912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=14912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=14912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}