{"id":15402,"date":"2015-11-23T10:58:38","date_gmt":"2015-11-23T05:28:38","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15402"},"modified":"2015-11-23T10:58:38","modified_gmt":"2015-11-23T05:28:38","slug":"monday-23th-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-23th-november-european-open-briefing\/","title":{"rendered":"Monday 23th 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: Shanghai Composite gained 0.40 %, Hang Seng rose 0.10 %, ASX up 0.30 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1070 (-0.55 %), Silver at $13.99 (-0.75 %), WTI Oil at $41.10 (-1.90 %), Brent Oil at $44.20 (-0.50 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.26, UK 10 year yield at 1.88, German 10 year yield at 0.49\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.3867 (prev 6.3780)\n\t<\/li>\n<li>\n\t\tJapan Considers 3% Annual Increase to Minimum Wage &#8212; Nikkei\n\t<\/li>\n<li>\n\t\tJapan To Increase Minimum Wages &amp; Other Wages To Meet GDP Target &#8212; RTRS\n\t<\/li>\n<li>\n\t\tChinese Premier Li: Expects Economy To Grow 7% This Year &#8212; BBG\n\t<\/li>\n<li>\n\t\tIran Looking To Increase Output Within OPEC&rsquo;s Current Limit &#8212; BBG\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>CFTC Positioning Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tEUR short 164K vs. short 143K previous\n\t<\/li>\n<li>\n\t\tGBP short&nbsp; 25K vs. short 16K previous\n\t<\/li>\n<li>\n\t\tJPY short 79K vs. short 67K previous\n\t<\/li>\n<li>\n\t\tCAD short 28K vs short 18K previous\n\t<\/li>\n<li>\n\t\tCHF short 15k vs. short 9K previous\n\t<\/li>\n<li>\n\t\tAUD short 66k vs. short 53K last week\n\t<\/li>\n<li>\n\t\tNZD long 5K vs. long 6k last week\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe USD strengthened overnight, while the Aussie and Kiwi Dollar were the worst performing currencies amid falling commodity prices. AUD\/USD opened at 0.7230 and fell to a low of 0.7160 earlier, while NZD\/USD started the trading day at 0.6570 and declined to 0.6505 after the Hong Kong open. Meanwhile, USD\/CAD rallied from 1.33 to 1.3395, as WTI Oil declined 1 % overnight. The pair is now only 53 pips away from the current yearly high made in late September.\n<\/p>\n<p>\n\tEUR\/USD stood at 1.0640 at the Sydney open and price action was quiet until the Hong Kong open. The pair then fell to a low of 1.06, where it found support for now. GBP\/USD started the new trading week at 1.5180 and fell to a low of 1.5157 overnight, while USD\/JPY rallied above the 123.00 level and reached a high of 123.25.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:00 GMT &#8211; French Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:00 GMT &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:30 GMT &#8211; German Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:30 GMT &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t11:00 GMT &#8211; Bundesbank President Weidmann speaks\n\t<\/li>\n<li>\n\t\t14:45 GMT &#8211; US Manufacturing PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Existing Home Sales\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 24th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German GDP\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; German IFO Business Climate\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US GDP\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US CB Consumer Confidence\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Richmond Manufacturing Index\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, November 25th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t10:20 GMT &#8211; RBA Assistant Governor Debelle speaks\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Durable Goods Orders\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Personal Spending\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Personal Consumption\n\t<\/li>\n<li>\n\t\t14:00 GMT &#8211; US House Price Index\n\t<\/li>\n<li>\n\t\t14:45 GMT &#8211; US Services PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Michigan Consumer Sentiment\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US New Home Sales\n\t<\/li>\n<li>\n\t\t21:45 GMT &#8211; New Zealand Trade Balance\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, November 26th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; Australian Capex\n\t<\/li>\n<li>\n\t\t08:00 GMT &#8211; Spanish GDP\n\t<\/li>\n<li>\n\t\t12:00 GMT &#8211; German GfK Consumer Climate\n\t<\/li>\n<li>\n\t\t23:30 GMT &#8211; Japan CPI\n\t<\/li>\n<li>\n\t\t23:30 GMT &#8211; Japan Unemployment Rate\n\t<\/li>\n<li>\n\t\t23:30 GMT &#8211; Japan Household Spending\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, November 27th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German Import Price Index\n\t<\/li>\n<li>\n\t\t08:00 GMT &#8211; Spanish CPI\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK GDP\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Consumer Confidence\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian RMPI\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Shanghai Composite gained 0.40 %, Hang Seng rose 0.10 %, ASX up 0.30 % Commodities: Gold at $1070 (-0.55 %), Silver at $13.99 (-0.75 %), WTI Oil at $41.10 (-1.90 %), Brent Oil at $44.20 (-0.50 %) Rates: US 10 year yield at 2.26, UK 10 year yield at 1.88, &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-23th-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 23th 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-15402","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\/15402","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=15402"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15402\/revisions"}],"predecessor-version":[{"id":15403,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15402\/revisions\/15403"}],"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=15402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}