{"id":15356,"date":"2015-11-18T11:00:25","date_gmt":"2015-11-18T05:30:25","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15356"},"modified":"2015-11-18T11:00:25","modified_gmt":"2015-11-18T05:30:25","slug":"wednesday-18th-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/wednesday-18th-november-european-open-briefing\/","title":{"rendered":"Wednesday 18th 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 0.40 %, Shanghai Composite gained 0.20 %, Hang Seng fell 0.05 %, ASX rose 0.35 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1066 (-0.20 %), Silver at $14.10 (-0.45 %), WTI Oil at $41.00 (+0.80 %), Brent Oil at $43.98 (+0.60 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.26, UK 10 year yield at 1.96, German 10 year yield at 0.52\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia Wage Price Index (QoQ) Q3: 0.6% (exp 0.6% prev 0.6%)\n\t<\/li>\n<li>\n\t\tAustralia Wage Price Index (YoY) Q3: 2.3% (exp 2.3% prev 2.3%)\n\t<\/li>\n<li>\n\t\tAustralia Conference Board Leading Index (MoM) Sep: -0.1% (prev -0.4%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.3796 (prev 6.3740)\n\t<\/li>\n<li>\n\t\tAsian shares slip, copper tumbles as dollar shines &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices edge up on reports of falling inventories, higher refinery runs &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar sits atop large gains, euro dogged by ECB easing expectations &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tEUR\/USD opened around 1.0640 in Sydney and spent most of the session consolidating between 1.0630 and 1.0650. Low risk appetite and expectations of further easing by the ECB next month are keeping the Euro under pressure. Techs suggest that further losses are ahead, with little support seen until 1.0520. The British Pound remains fairly resilient, despite broad USD strength. Inflation data yesterday arrived in line with expectations and traders are now anticipating the latest UK retail sales numbers, which will be published tomorrow. Key resistance still lies at 1.5240, while support is seen at 1.5150.\n<\/p>\n<p>\n\tUSD\/JPY didn&#39;t move much overnight. The pair started the new trading day around 123.40 and was caught in a 123.27-47 range in Asia. Intraday support is seen at 123.00 and 122.60, while the major resistance level remains 123.60.AUD\/USD rallied to 0.7140 yesterday, but ran out of steam and fell back below 0.71 at the Tokyo open. 0.7070 support is holding for now, but it looks fragile. Next support then seen at 0.7015.<a name=\"_GoBack\"><\/a>\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\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&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.40 %, Shanghai Composite gained 0.20 %, Hang Seng fell 0.05 %, ASX rose 0.35 % Commodities: Gold at $1066 (-0.20 %), Silver at $14.10 (-0.45 %), WTI Oil at $41.00 (+0.80 %), Brent Oil at $43.98 (+0.60 %) Rates: US 10 year yield at 2.26, UK 10 &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/wednesday-18th-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 18th 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-15356","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\/15356","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=15356"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15356\/revisions"}],"predecessor-version":[{"id":15357,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15356\/revisions\/15357"}],"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=15356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}