{"id":15317,"date":"2015-11-13T10:50:02","date_gmt":"2015-11-13T05:20:02","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15317"},"modified":"2015-11-13T11:20:20","modified_gmt":"2015-11-13T05:50:20","slug":"friday-13th-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-13th-november-european-open-briefing\/","title":{"rendered":"Friday 13th November: European Open Briefing"},"content":{"rendered":"<h4>\n\tGlobal Markets:<br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei down 0.70 %, Shanghai Composite fell 1.15 %, Hang Seng declined 2.30 %, ASX dropped 1.30 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1082.90 (+0.18 %), Silver at $14.27 (+0.05 %), WTI Oil at $41.55 (-0.47 %), Brent Oil at $45.25 (+0.18 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.32, UK 10 year yield at 2.01, German 10 year yield at 0.62\n\t<\/li>\n<\/ul>\n<h4>\n\tNews &amp; Data<br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapanese Industrial Production (MoM) Sep, F: 1.1% (flash 1.0%)\n\t<\/li>\n<li>\n\t\tJapanese Industrial Production (YoY) Sep, F: -0.8% (flash -0.9%)\n\t<\/li>\n<li>\n\t\tJapanese Capacity Utilisation (MoM) Sep: 1.5% (prev -0.9%)\n\t<\/li>\n<li>\n\t\tJapanese Tertiary Industry Index (MoM) Sep: -0.4% (exp 0.1% prev 0.1%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.3655 (prev 6.3628)\n\t<\/li>\n<li>\n\t\tFed Vice Chair Fischer: Liftoff Decision Depends On Progress On Fed Goals &#8212; BBG\n\t<\/li>\n<li>\n\t\tFischer: US Economy Weathering Headwinds From Stronger Dollar\n\t<\/li>\n<li>\n\t\tFischer: Dollar Also Responding To Concern About Global Outlook\n\t<\/li>\n<li>\n\t\tFischer: Oct. FOMC Signalled Dec. Rate Rise May Be Appropriate\n\t<\/li>\n<\/ul>\n<h4>\n\tMarkets Update:<br \/>\n<\/h4>\n<p>\n\tThe US Dollar strengthened against most major currencies overnight, as it benefited from the risk-off sentiment and sell-off in equity markets. EUR\/USD reached a high of 1.0830 ahead of the Sydney open, but ran out of momentum and fell back to 1.0785 in Asia. Similar price action was seen in GBP\/USD, which failed to break through 1.5240 resistance twice yesterday. USD\/JPY fell to 122.49 overnight, as the Yen caught a bid. There are reports of bids in decent size in the 122.20\/25 area and the next major technical support level is 122.00, which is the pre-NFP high.\n<\/p>\n<p>\n\tAUD\/USD is holding relatively well. It had a brief dip sub-0.71 in yesterday&#39;s NY session, but recovered from there and traded as high as 0.7140 in Asia. 0.7150 remains a tough resistance level, but a break above it would signal a move towards 0.7220.\n<\/p>\n<p>\n\tLooking at the economic calendar, there are plenty of data releases today, but the main event will be US retail sales at 13:30 GMT. The market is expecting a 0.3 % rise month-on-month, while core retail sales is expected to rise 0.4 %.\n<\/p>\n<h4>\n\tUpcoming Events:<br \/>\n<\/h4>\n<ul>\n<li>\n\t\t06:30 GMT &#8211; French GDP\n\t<\/li>\n<li>\n\t\t07:00 GMT &#8211; German GDP\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Italian CPI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone GDP\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Trade Balance\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Retail Sales\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US PPI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Business Inventories\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Michigan Consumer Sentiment\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.70 %, Shanghai Composite fell 1.15 %, Hang Seng declined 2.30 %, ASX dropped 1.30 % Commodities: Gold at $1082.90 (+0.18 %), Silver at $14.27 (+0.05 %), WTI Oil at $41.55 (-0.47 %), Brent Oil at $45.25 (+0.18 %) Rates: US 10 year yield at 2.32, UK 10 &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-13th-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 13th 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-15317","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\/15317","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=15317"}],"version-history":[{"count":6,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15317\/revisions"}],"predecessor-version":[{"id":15323,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15317\/revisions\/15323"}],"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=15317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}