{"id":15336,"date":"2015-11-16T10:25:22","date_gmt":"2015-11-16T04:55:22","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15336"},"modified":"2015-11-16T10:25:22","modified_gmt":"2015-11-16T04:55:22","slug":"monday-16th-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-16th-november-european-open-briefing\/","title":{"rendered":"Monday 16th 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 1.00 %, Shanghai Composite fell 0.50 %, Hang Seng lost 1.90 %, ASX 200 declined 0.60 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1092 (+1.05 %), Silver at $14.32 (+0.85 %), WTI Oil at $41.08 (+0.80 %), Brent Oil at $45.00 (+1.10 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.24, UK 10 year yield at 1.98, German 10 year yield at 0.55\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan GDP SA (QoQ) Q3, P: -0.2% (exp -0.1% prev rev -0.2%)\n\t<\/li>\n<li>\n\t\tJapan Annualised GDP SA (QoQ) Q3, P: -0.8% (exp -0.2% prev rev -0.7%)\n\t<\/li>\n<li>\n\t\tJapan Nominal GDP SA (QoQ) Q3, P: 0.0% (exp -0.2% prev rev 0.2%)\n\t<\/li>\n<li>\n\t\tUK Rightmove House Price Index (MoM) Nov: -1.3% (prev 0.6%)\n\t<\/li>\n<li>\n\t\tUK Rightmove House Price Index (YoY) Nov: 6.2% (prev 5.6%)\n\t<\/li>\n<li>\n\t\tNew Zealand Retail Sales Ex-Inflation (QoQ) Q3: 1.6% (exp 1.4% prev rev 0.0%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.3750 (prev 6.3655)\n\t<\/li>\n<li>\n\t\tJapanese EconMin Amari: Economy Remains In Moderate Recovery Despite Some Weakness &#8212; RTRS\n\t<\/li>\n<li>\n\t\tAmari: Downside Risks From Overseas Persist\n\t<\/li>\n<li>\n\t\tChinese President Xi: Chinese Economy Predicted To Grow About 7% &#8212; Xinhua\n\t<\/li>\n<li>\n\t\tIMF&rsquo;s Lagarde: Yuan Poised To Be A Global Currency &#8212; SCM\n\t<\/li>\n<li>\n\t\tDubai Stocks Slump Most Since August As Mideast Markets Recoil &#8212; LM\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe Euro fell in early Asian trade as a reaction to the Paris terrorist attack on Friday night. EUR\/USD opened at 1.0740, around 20 pips lower from the NY close on Friday. Due to poor liquidity in early Monday trading, the pair fell to a fresh low at 1.0685, but quickly retraced the move. It spent the rest of the session consolidating between 1.0715 and 1.0730.\n<\/p>\n<p>\n\tThe JPY benefited from the risk-off sentiment and USD\/JPY opened 20 pips lower at 122.35. It reached a low of 122.25, but ran into decent bids there and rallied back to 122.60, filling the weekend gap. Expect good intraday support at 122.20\/25 and 122.00, while key resistance now lies at 123.00.\n<\/p>\n<p>\n\tThe commodity currencies were quiet overnight. AUD\/USD was caught in a 0.7100-30 range, while NZD\/USD consolidated between 0.6520 and 0.6550. USD\/CAD opened slightly lower, at 1.3305, but retraced the move and rose to a high of 1.3335.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone CPI\n\t<\/li>\n<li>\n\t\t10:15 GMT &#8211; ECB President Draghi speaks\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian Manufacturing Sales\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; NY Empire State Manufacturing Index\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead (Key Data &amp; Events):<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, November 16th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; RBA Meeting Minutes\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Italian Trade Balance\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Norwegian GDP\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK CPI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; German ZEW Economic Sentiment\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone ZEW Economic Sentiment\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US CPI\n\t<\/li>\n<li>\n\t\t14:15 GMT &#8211; US Industrial Production\n\t<\/li>\n<li>\n\t\t14:15 GMT &#8211; US Manufacturing Production\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US NAHB Housing Market Index\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, November 18th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t10:00 GMT &#8211; Swiss ZEW Expectations\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Building Permits\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Housing Starts\n\t<\/li>\n<li>\n\t\t19:00 GMT &#8211; FOMC Meeting Minutes\n\t<\/li>\n<li>\n\t\t23:50 GMT &#8211; Japanese Trade Balance\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, November 19th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t06:30 GMT &#8211; Bank of Japan Press Conference\n\t<\/li>\n<li>\n\t\t07:00 GMT &#8211; Swiss Trade Balance\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Retail Sales\n\t<\/li>\n<li>\n\t\t12:30 GMT &#8211; ECB Meeting Minutes\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US CB Leading Index\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Philadelphia Fed Manufacturing Index\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, November 20th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t05:00 GMT &#8211; Bank of Japan Monthly Report\n\t<\/li>\n<li>\n\t\t07:00 GMT &#8211; German PPI\n\t<\/li>\n<li>\n\t\t08:00 GMT &#8211; ECB President Draghi speaks\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian CPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian Retail Sales\n\t<\/li>\n<li>\n\t\t14:00 GMT &#8211; FOMC Member Bullard speaks\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 1.00 %, Shanghai Composite fell 0.50 %, Hang Seng lost 1.90 %, ASX 200 declined 0.60 % Commodities: Gold at $1092 (+1.05 %), Silver at $14.32 (+0.85 %), WTI Oil at $41.08 (+0.80 %), Brent Oil at $45.00 (+1.10 %) Rates: US 10 year yield at 2.24, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-16th-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 16th 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-15336","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\/15336","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=15336"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15336\/revisions"}],"predecessor-version":[{"id":15337,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15336\/revisions\/15337"}],"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=15336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}