{"id":15028,"date":"2015-10-20T10:39:11","date_gmt":"2015-10-20T05:09:11","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15028"},"modified":"2015-10-20T10:44:00","modified_gmt":"2015-10-20T05:14:00","slug":"tuesday-20th-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-20th-october-european-open-briefing\/","title":{"rendered":"Tuesday 20th 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 up 0.15 %, Shanghai Composite fell 0.10 %, Hang Seng lost 0.50 %, ASX declined 0.45 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1168.50 (-0.40 %), Silver at $15.82 (-0.15 %), WTI Oil at $46.45 (+0.30 %), Brent Oil at $48.75 (-0.20 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.02, UK 10 year yield at 1.83, German 10 year yield at 0.56\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tRBA Meeting Minutes: Overall Growth Expected To Have Strengthened In Q3\n\t<\/li>\n<li>\n\t\tSpare Capacity In Economy, Domestic Cost Pressures Low\n\t<\/li>\n<li>\n\t\tRBA: Economy&#39;s Rebalancing Increasingly Supported By A$ Fall\n\t<\/li>\n<li>\n\t\tRBA: More Evidence Of Economy Rebalancing Toward Non-Mining\n\t<\/li>\n<li>\n\t\tRBA: Labour Market Strengthened More than Expected\n\t<\/li>\n<li>\n\t\tRBA: Recent Data Raising Concern Over China &amp; East Asia, Weighing On Australian Exports\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.3614 (prev 6.3527)\n\t<\/li>\n<li>\n\t\tECB&#39;s Noyer: ECB&#39;s QE program is working; currently running at the proper pace\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tEUR\/USD started the new trading day around 1.1325 and flows were rather light in the Asian trading session. The pair rose to a high of 1.1340 after the Tokyo open and spent the rest of the session in a 1.1330-40 range. The key levels to watch now are 1.1285 to the downside and 1.1395\/1.14 to the topside. GBP\/USD was slightly more volatile. After falling to a low of 1.5455 at the Sydney open, the pair recovered and made it back to the 1.5480 level. Key resistance is now seen at 1.55 and a clear break above it could pave the way for a test of 1.5650 (September high).\n<\/p>\n<p>\n\tUSD\/JPY was caught within a 10 pips range overnight. 119.75\/80 will be the next obstacle for the pair, while support should be found at 118.90 and 118.05. AUD\/USD didn&#39;t have a major reaction to the RBA meeting minutes r<a name=\"_GoBack\"><\/a>elease. It jumped from 0.7255 to 0.7275, but retraced the entire move an hour later. Similar price action in NZD\/USD, which followed the Aussie Dollar higher, but the topside was capped at 0.6815 resistance.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t01:30 BST &#8211; RBA Meeting Minutes\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German PPI\n\t<\/li>\n<li>\n\t\t11:00 BST &#8211; Bank of England Governor Carney speaks\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Building Permits\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Housing Starts\n\t<\/li>\n<li>\n\t\t14:00 BST &#8211; FOMC Member Dudley speaks\n\t<\/li>\n<li>\n\t\t14:15 BST &#8211; FOMC Member Powell speaks\n\t<\/li>\n<li>\n\t\t16:00 BST &#8211; Fed Chair Yellen speaks\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.15 %, Shanghai Composite fell 0.10 %, Hang Seng lost 0.50 %, ASX declined 0.45 % Commodities: Gold at $1168.50 (-0.40 %), Silver at $15.82 (-0.15 %), WTI Oil at $46.45 (+0.30 %), Brent Oil at $48.75 (-0.20 %) Rates: US 10 year yield at 2.02, UK 10 &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-20th-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 20th 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-15028","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\/15028","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=15028"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15028\/revisions"}],"predecessor-version":[{"id":15029,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15028\/revisions\/15029"}],"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=15028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}