{"id":15091,"date":"2015-10-27T10:34:56","date_gmt":"2015-10-27T05:04:56","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15091"},"modified":"2015-10-27T10:34:56","modified_gmt":"2015-10-27T05:04:56","slug":"tuesday-27th-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-27th-october-european-open-briefing\/","title":{"rendered":"Tuesday 27th 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 0.75 %, Shanghai Composite fell 1.80 %, Hang Seng declined 0.80 %, ASX gained 0.05 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1164 (-0.20 %), Silver at $15.83 (-0.50 %), WTI Oil at $43.45 (-1.20 %), Brent Oil at $47.20 (-0.50 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.04, UK 10 year yield at 1.82, German 10 year yield at 0.49\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tNew Zealand Trade Balance (Sep): NZD -1222mln (exp NZD -825mln prev NZD -1035mln)\n\t<\/li>\n<li>\n\t\tJapan Services PPI (YoY) Sep: 0.6% (exp 0.6% prev rev 0.8%)\n\t<\/li>\n<li>\n\t\tChina Industrial Profits (YoY) Sep: -0.1% (prev -8.8%)\n\t<\/li>\n<li>\n\t\tAustralia ANZ Roy Morgan Weekly Consumer Confidence Index (W\/E 25 Oct): 113.4 (prev 113.3)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.3494 (prev 6.3549)\n\t<\/li>\n<li>\n\t\tSingapore PM Lee: Singapore Must Prepare For Economic Slowdown &#8212; Straits Times\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar weakened yesterday, following worse than expected New Home Sales data. In the Asian session, the USD remained offered, while the Japanese Yen rallied. The Yen benefited from a slight shift in risk appetite and declining stock markets. The Nikkei fell 0.80 % so far, while the Shanghai Composite lost almost 2 % on the day.\n<\/p>\n<p>\n\tUSD\/JPY was trading around 121.00 at the Sydney open and came under pressure as Japanese markets opened. It eventually fell to a low of 120.48 and next support is seen at 120.20, which is last Friday&#39;s low. EUR\/USD recovered somewhat after 1.10 support held. It reached 1.1070 overnight, but selling interest remains high amid renewed EUR-negative sentiment after the recent ECB meeting. Strong resistance is seen at 1.1140 and 1.1185.\n<\/p>\n<p>\n\tAUD\/USD has been well bid yesterday, but ran out of steam around 0.7270. Overnight, it fell to a low of 0.7227 and the next notable support level lies at 0.7180, which is last week&#39;s low. Similar price action in NZD\/USD, which struggled at 0.68 and fell back to 0.6770.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:30 GMT &#8211; UK GDP\n\t<\/li>\n<li>\n\t\t12:30 GMT &#8211; US Durable Goods Orders\n\t<\/li>\n<li>\n\t\t12:55 GMT &#8211; US Redbook\n\t<\/li>\n<li>\n\t\t13:00 GMT &#8211; US HPI Composite\n\t<\/li>\n<li>\n\t\t13:45 GMT &#8211; US Services PMI\n\t<\/li>\n<li>\n\t\t14:00 GMT &#8211; US CB Consumer Confidence\n\t<\/li>\n<li>\n\t\t14:00 GMT &#8211; US Richmond Manufacturing PMI\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.75 %, Shanghai Composite fell 1.80 %, Hang Seng declined 0.80 %, ASX gained 0.05 % Commodities: Gold at $1164 (-0.20 %), Silver at $15.83 (-0.50 %), WTI Oil at $43.45 (-1.20 %), Brent Oil at $47.20 (-0.50 %) Rates: US 10 year yield at 2.04, UK 10 &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-27th-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 27th 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-15091","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\/15091","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=15091"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15091\/revisions"}],"predecessor-version":[{"id":15092,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15091\/revisions\/15092"}],"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=15091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}