{"id":15413,"date":"2015-11-24T10:11:53","date_gmt":"2015-11-24T04:41:53","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15413"},"modified":"2015-11-24T10:11:53","modified_gmt":"2015-11-24T04:41:53","slug":"tuesday-24th-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-24th-november-european-open-briefing\/","title":{"rendered":"Tuesday 24th 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 0.10 %, Shanghai Composite and Hang Seng both fell 0.75 %, ASX declined 0.70 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1070.50 (+0.35 %), Silver at $14.07 (+0.30 %), WTI Oil at $41.95 (+0.50 %), Brent Oil at $45.05 (+0.20 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.25, UK 10 year yield at 1.87, 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\tJapan Nikkei Manufacturing PMI (Nov, P): 52.8 (prev 52.4)\n\t<\/li>\n<li>\n\t\tAustralia ANZ Roy Morgan Weekly Consumer Confidence Index (W\/E 22 Nov): 114.5 (prev 115.9)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.3888 (prev 6.3867)\n\t<\/li>\n<li>\n\t\tAsian shares wobble, dollar close to eight-month peak &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil up on Saudi vow for stable prices; glut, firm dollar weigh &#8211; RTRS\n\t<\/li>\n<li>\n\t\tJapan&#39;s government to finalize wage increase plan to boost domestic demand &#8211; RTRS\n\t<\/li>\n<li>\n\t\tYuan Trades Near Three-Month Low as Investors Wait for IMF Vote &#8211; BBG\n\t<\/li>\n<li>\n\t\tChinese Stocks Drop for Second Day as Commodity Shares Slump&nbsp; &#8211; BBG\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tMarkets were quiet overnight amid a lack of data releases and events. EUR\/USD spent the Asian session in a 1.0630-45 range after briefly trading below 1.06 in yesterday&#39;s NY session. 1.0520 is the next key support level and it seems likely that we will see a test of it soon. GBP\/USD price action is looking increasingly bearish and the pair is struggling to bounce. Minor support is seen at 1.5090, while 1.5020 is the key level to watch now. USD\/JPY has retraced some of its recent gains and fell sub-123.00 yesterday. In Asia, it fell as low as 122.65, but has recovered to 122.80 as we are heading into the European open.\n<\/p>\n<p>\n\tAUD\/USD has recovered slightly after yesterday&#39;s sharp decline in the Asian session. The pair rose from 0.7165 to 0.7205 and key resistance is now seen at 0.7245. Short-term techs are mildly bullish after the double bottom at 0.7020 has been confirmed and clear break above 0.7245 would suggest a test of 0.7380 might be possible. NZD\/USD remains in the middle of the short-term range (0.6430-0.6610), around 0.6520. Intraday resistance is seen at 0.6550 and 0.66, while support lies at 0.6490 and 0.6430.<a name=\"_GoBack\"><\/a>\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\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&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.10 %, Shanghai Composite and Hang Seng both fell 0.75 %, ASX declined 0.70 % Commodities: Gold at $1070.50 (+0.35 %), Silver at $14.07 (+0.30 %), WTI Oil at $41.95 (+0.50 %), Brent Oil at $45.05 (+0.20 %) Rates: US 10 year yield at 2.25, UK 10 year &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-24th-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 24th 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-15413","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\/15413","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=15413"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15413\/revisions"}],"predecessor-version":[{"id":15414,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15413\/revisions\/15414"}],"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=15413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}