{"id":15344,"date":"2015-11-17T10:24:39","date_gmt":"2015-11-17T04:54:39","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15344"},"modified":"2015-11-17T10:24:39","modified_gmt":"2015-11-17T04:54:39","slug":"tuesday-17th-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-17th-november-european-open-briefing\/","title":{"rendered":"Tuesday 17th 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 up 1.60 %, Shanghai Composite gained 1.40 %, Hang Seng rose 0.30 %, ASX 200 rallied 1.65 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1081 (-0.20 %), Silver at $14.23 (+0.05 %), WTI Oil at $41.70 (-0.05 %), Brent Oil at $44.60 (-0.40 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.27, UK 10 year yield at 1.95, German 10 year yield at 0.55\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan Housing Loans (YoY) Q3: 2.4% (prev 2.4%)\n\t<\/li>\n<li>\n\t\tAustralia ANZ Roy Morgan Weekly Consumer Confidence Index (W\/E 15 Nov): 115.9 (prev 116.6)\n\t<\/li>\n<li>\n\t\tRBA: Prospects For Economic Improvement Have Firmed A Little &nbsp;\n\t<\/li>\n<li>\n\t\tRBA: Inflation Outlook May Afford Scope For Further Easing\n\t<\/li>\n<li>\n\t\tRBA: Sees Inflation Consistent With Target Over Next 1 To 2 years\n\t<\/li>\n<li>\n\t\tRBA: Spare Capacity In Economy To Persist For Some Time\n\t<\/li>\n<li>\n\t\tRBA: A$ Adjusting, Boosting Demand For Domestic Production\n\t<\/li>\n<li>\n\t\tRBA: Asia Slowdown Likely To Be More Persistent Than Expected\n\t<\/li>\n<li>\n\t\tRBA: Mining Investment Fall To Have Run Its Course By End 2017\n\t<\/li>\n<li>\n\t\tRBA: Mortgage Rate Hikes Make Policy Slightly Less Accommodative\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.3740 (prev 6.3750)\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>CFTC Positioning Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tEUR shorts 143K vs short 134K previous\n\t<\/li>\n<li>\n\t\tGBP shorts -16K vs flat last week\n\t<\/li>\n<li>\n\t\tJPY short 67K vs short 44k last week\n\t<\/li>\n<li>\n\t\tCAD short 18K vs. short 19K last week\n\t<\/li>\n<li>\n\t\tCHF short 9K vs short 7K last week\n\t<\/li>\n<li>\n\t\tAUD short 53K vs short 39K last week\n\t<\/li>\n<li>\n\t\tNZD long 6K vs long 7K last week\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tAfter initially recovering during yesterday&#39;s EU session, the Euro came again under pressure during the NY session and extended losses overnight. EUR\/USD fell to a low of 1.0655 and there is now little support until 1.0500\/10. EUR\/GBP also fell below a significant support level at 0.7035 and it slowly heading towards a test of the 0.70 level. Next major support is seen at 0.6950. Meanwhile, GBP\/USD continues to consolidate, but it&#39;s getting close to the 1.5170 support level and a clear break below would pave the way for a move back to 1.51 and eventually 1.5025.\n<\/p>\n<p>\n\tUSD\/JPY bounced off 122.20 yesterday and didn&#39;t look back. It rallied to 123.10 and extended gains overnight, reaching 123.40. Decent resistance is expected at 123.60 and then 124.50. AUD\/USD has been quiet since the new trading week started. The 0.7080 support level is holding for now, but it is looking fragile and a retest of the 0.7015 level seems likely. NZD\/USD is already under pressure and with the 0.65 support level cleared, the focus is now on 0.6385.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\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","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 1.60 %, Shanghai Composite gained 1.40 %, Hang Seng rose 0.30 %, ASX 200 rallied 1.65 % Commodities: Gold at $1081 (-0.20 %), Silver at $14.23 (+0.05 %), WTI Oil at $41.70 (-0.05 %), Brent Oil at $44.60 (-0.40 %) Rates: US 10 year yield at 2.27, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-17th-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 17th 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-15344","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\/15344","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=15344"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15344\/revisions"}],"predecessor-version":[{"id":15345,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15344\/revisions\/15345"}],"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=15344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}