{"id":15281,"date":"2015-11-10T10:15:06","date_gmt":"2015-11-10T04:45:06","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15281"},"modified":"2015-11-10T10:16:10","modified_gmt":"2015-11-10T04:46:10","slug":"tuesday-10th-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-10th-november-european-open-briefing\/","title":{"rendered":"Tuesday 10th November: 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 0.20 %, Shanghai Composite gained 0.40 %, Hang Seng fell 1.50 %, ASX 200 lost 1.00 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1092.40 (+0.40 %), Silver at $14.51 (+0.70 %), WTI Oil at $44.20 (+0.70 %), Brent Oil at $48.10 (+0.20 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.33, UK 10 year yield at 2.05, German 10 year yield at 0.67\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) Oct: 1.3% (exp 1.5% prev 1.6%)\n\t<\/li>\n<li>\n\t\tChina PPI (YoY) Oct: -5.9% (exp -5.9% prev -5.9%)\n\t<\/li>\n<li>\n\t\tAustralia Home Loans (MoM) Sep: 2.0% (exp 0.0% prev 2.9%)\n\t<\/li>\n<li>\n\t\tAustralia Investment Lending (MoM) Sep: -8.5% (prev -0.4%)\n\t<\/li>\n<li>\n\t\tAustralia NAB Business Conditions (Oct): 9 (prev 9)\n\t<\/li>\n<li>\n\t\tAustralia NAB Business Confidence (Oct): 2 (prev 5)\n\t<\/li>\n<li>\n\t\tJapan BoP Trade Balance (Sep): JPY 82.3 Bln (exp JPY 85.3 Bln prev JPY -326.1 Bln)\n\t<\/li>\n<li>\n\t\tNew Zealand REINZ House Sales (YoY) Oct: 18.6% (prev 38.3%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.3602 (prev 6.3578)\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe Euro came again under pressure after Reuters reported that a consensus is forming at the ECB to lower interest rates even further into negative territory at its next meeting in December. One ECB source told Reuters that a deposit rate cut could be even larger than the 0.1 % the market is currently expecting. While this is just speculation for now, it was enough to send the EUR\/USD from 1.0780 down to 1.0730. In Asia, the pair consolidated between 1.0745 and 1.0760. The next major support level lies at 1.0710, which is Friday&#39;s low.\n<\/p>\n<p>\n\tWhile the Euro fell, the Pound was able to recover somewhat after having a tough week. It bounced from 1.5040 and reached a high of 1.5125 yesterday. Traders are now looking forward to UK employment data tomorrow. Better than expected numbers could lead to a short squeeze in GBP\/USD, with 1.5240 now the key resistance level.<a name=\"_GoBack\"><\/a>\n<\/p>\n<p>\n\tUSD\/JPY was quiet as usual and spent the Asian session in a 123.02-25 range. Intraday support is expected at 122.70, with 122.00 now being the key short-term support level. Not much to report about Aussie and the NZ Dollar; both are little changed against the USD. AUD\/USD is consolidating between 0.7020 and 0.7070 post-NFP. Major support now lies at 0.6935 (September lows), while resistance is seen at 0.7100\/10.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t06:45 GMT &#8211; Swiss Unemployment Rate\n\t<\/li>\n<li>\n\t\t07:45 GMT &#8211; French Industrial Production\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Italian Production\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Norwegian CPI\n\t<\/li>\n<li>\n\t\t20:05 GMT &#8211; RBNZ Governor Wheeler speaks\n\t<\/li>\n<\/ul>\n<p style=\"margin-left:.25in;\">\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.20 %, Shanghai Composite gained 0.40 %, Hang Seng fell 1.50 %, ASX 200 lost 1.00 % Commodities: Gold at $1092.40 (+0.40 %), Silver at $14.51 (+0.70 %), WTI Oil at $44.20 (+0.70 %), Brent Oil at $48.10 (+0.20 %) Rates: US 10 year yield at 2.33, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-10th-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 10th November: 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-15281","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\/15281","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=15281"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15281\/revisions"}],"predecessor-version":[{"id":15283,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15281\/revisions\/15283"}],"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=15281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}