{"id":14977,"date":"2015-10-14T10:02:10","date_gmt":"2015-10-14T04:32:10","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=14977"},"modified":"2015-10-14T10:02:10","modified_gmt":"2015-10-14T04:32:10","slug":"wednesday-14th-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/wednesday-14th-october-european-open-briefing\/","title":{"rendered":"Wednesday 14th 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 1.55 %, Shanghai Composite up 0.05 %, Hang Seng fell 0.40 %, ASX declined 0.15 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1172.80 (+0.65 %), Silver at $16.00 (+0.60 %), WTI Oil at $46.84 (+0.40 %), Brent Oil at $49.80 (+0.40 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.05, UK 10 year yield at 1.83, 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\tChina CPI (YoY) Sep: 1.6% (exp 1.8% prev 2.0%)\n\t<\/li>\n<li>\n\t\tChina PPI (YoY) Sep: -5.9% (exp -5.9% prev -5.9%)\n\t<\/li>\n<li>\n\t\tSingapore GDP (YoY) Q3, A: 1.4% (exp 1.3% prev rev 2.0%)\n\t<\/li>\n<li>\n\t\tJapan PPI (MoM) Sep: -0.5% (exp -0.4% prev -0.6%)\n\t<\/li>\n<li>\n\t\tJapan PPI (YoY) Sep: -3.9% (exp -3.9% prev -3.6%)\n\t<\/li>\n<li>\n\t\tJapan Money Stock M2 (YoY) Sep: 3.8%(exp 4.3% prev 4.2%)\n\t<\/li>\n<li>\n\t\tAustralia Westpac Consumer Confidence Index (Oct): 97.8 (prev 93.9)\n\t<\/li>\n<li>\n\t\tSingapore MAS Reduces Slope Of Currency Band\n\t<\/li>\n<li>\n\t\tRBNZ Wheeler: Further Easing Seems Likely, Need Capacity To Cut OCR If Global Economy Slows More &#8212; BBG\n\t<\/li>\n<li>\n\t\tWheeler: Recent Eco Indicators Have Been More Encouraging\n\t<\/li>\n<li>\n\t\tWheeler: Further Policy Moves Are Data Dependent\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tRisk sentiment improved somewhat overnight in the FX market, but the major Asian equity markets are all down on the day.EUR\/USD had a quiet start into the trading week and continues to consolidate in a rather tight range. It briefly rose above 1.14 again overnight, but failed to post fresh highs. The pair fell back to 1.1380 and is currently consolidating around that level. Key intraday support is seen at 1.1340 and 1.1315. GBP\/USD fell sharply yesterday after CPI arrived at -0.1 % vs 0.0 % expected. It declined from 1.5385 to a low of 1.52, from where it had a decent bounce. Cable reached a high of 1.5290 overnight and resistance is now seen at 1.53. Should it be able to break above the level, 1.5380\/90 will be the next major obstacle. Keep in mind that we have UK employment data today at 0930 BST. USD\/JPY got dragged lower by falling equity markets, but is still caught in a range. It found solid support at 119.50 and bounced from there. Intraday support is seen at 119.20, while resistance lies at 120.10.<a name=\"_GoBack\"><\/a>\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:45 BST &#8211; French CPI\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; Spanish CPI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Italian CPI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Average Earnings\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Claimant Count Change\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Unemployment Rate\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone Industrial Production\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Retail Sales\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US PPI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Business Inventories\n\t<\/li>\n<li>\n\t\t19:00 BST &#8211; US Beige Book\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 1.55 %, Shanghai Composite up 0.05 %, Hang Seng fell 0.40 %, ASX declined 0.15 % Commodities: Gold at $1172.80 (+0.65 %), Silver at $16.00 (+0.60 %), WTI Oil at $46.84 (+0.40 %), Brent Oil at $49.80 (+0.40 %) Rates: US 10 year yield at 2.05, UK 10 &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/wednesday-14th-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 14th 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-14977","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\/14977","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=14977"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14977\/revisions"}],"predecessor-version":[{"id":14978,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14977\/revisions\/14978"}],"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=14977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=14977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=14977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}