{"id":15612,"date":"2015-12-11T10:37:43","date_gmt":"2015-12-11T05:07:43","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15612"},"modified":"2015-12-11T10:37:43","modified_gmt":"2015-12-11T05:07:43","slug":"friday-11th-december-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-11th-december-european-open-briefing\/","title":{"rendered":"Friday 11th December: 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 1.00 %, Shanghai Composite fell 0.85 %, Hang Seng lost 0.75 %, ASX 200 down 0.25 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1066 (-0.50 %), Silver at $14.05 (-0.50 %), WTI Oil at $36.55 (-0.65 %), Brent Oil at $39.50 (-0.15 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.23, UK 10 year yield at 1.88, German 10 year yield at 0.59\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tNew Zealand BusinessNZ Manufacturing PMI (Nov): 54.7 (prev rev 53.2)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Consumer Confidence Index (Dec): 118.7 (prev 122.7)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.4358 (prev 6.4236)\n\t<\/li>\n<li>\n\t\tIron Ore in Worst Run Since &#39;08 as China&#39;s Steel Output May Drop &#8211; BBG\n\t<\/li>\n<li>\n\t\tYuan in Biggest Weekly Drop Since Devaluation as PBOC Eases Grip &#8211; BBG\n\t<\/li>\n<li>\n\t\tEmerging Stocks Head for Longest Slump Since June Before Fed &#8211; BBG\n\t<\/li>\n<li>\n\t\tAsia stocks head for weekly loss, China yuan hits four and half year low &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar steady after euro jump loses steam, Aussie trims gains &#8211; RTRS\n\t<\/li>\n<li>\n\t\tCrude oil holds at near seven-year lows as global glut persists &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tUSD\/JPY recovered overnight, as it rose from 121.50 at the Sydney open to a high of 122.23. It ran into decent offers in that area and fell back to 122.00, but remains well bid for now. Intraday support is seen at 121.80 and 121.30, while resistance lies at 122.25 and then 122.70. AUD\/USD retraced the gains it made after yesterday&#39;s strong employment data. It started the new trading day around 0.7280 and extended losses to 0.7235 overnight. Decent support is seen around 0.7220\/25. Meanwhile, NZD\/USD remains bid and consolidated in a 0.6735-60 range overnight.\n<\/p>\n<p>\n\tUSD\/CAD rallied to fresh multi-year highs as Oil extended losses. The pair reached a high of 1.3660 in Asia and there is no significant technical resistance until 1.40. The outlook for the Canadian Dollar remains negative amid weak oil prices and the recent dovish comments from the Bank of Canada.\n<\/p>\n<p>\n\tEUR\/USD traded in a 1.0925-47 range overnight. It failed at the first test of 1.1050, but as long as the pair stays above 1.08, short-term techs remain mildly bullish.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German CPI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Italian Industrial Production\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Retail Sales\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US PPI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Michigan Consumer Sentiment\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 1.00 %, Shanghai Composite fell 0.85 %, Hang Seng lost 0.75 %, ASX 200 down 0.25 % Commodities: Gold at $1066 (-0.50 %), Silver at $14.05 (-0.50 %), WTI Oil at $36.55 (-0.65 %), Brent Oil at $39.50 (-0.15 %) Rates: US 10 year yield at 2.23, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-11th-december-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 11th December: 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-15612","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\/15612","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=15612"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15612\/revisions"}],"predecessor-version":[{"id":15613,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15612\/revisions\/15613"}],"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=15612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}