{"id":15821,"date":"2016-01-11T10:35:47","date_gmt":"2016-01-11T05:05:47","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15821"},"modified":"2016-01-11T10:35:47","modified_gmt":"2016-01-11T05:05:47","slug":"monday-11th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-11th-january-european-open-briefing\/","title":{"rendered":"Monday 11th January: 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 lost 2.40 %, Hang Seng fell 2.55 %, ASX 200 declined 1.35 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1103 (+0.55 %), Silver at $13.99 (+0.50 %), WTI Oil at $32.55 (-1.90 %), Brent Oil at $33.22 (-1.00 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.12, UK 10 year yield at 1.76, German 10 year yield at 0.51\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 Building Consents (MoM) Nov: 1.8% (prev 5.1%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.5626 (prev 6.5636)\n\t<\/li>\n<li>\n\t\tChina Slowdown To Hurt Export-Heavy Singapore The Most In South East Asia &#8212; BBG\n\t<\/li>\n<li>\n\t\tSNB Chief Jordan: Swiss Franc To Stagnate Or Weaken This Year &#8212; RTRS\n\t<\/li>\n<li>\n\t\tAsia shares fall sharply amid China confusion &#8211; RTRS\n\t<\/li>\n<li>\n\t\tChina will find it tough to achieve over 6.5 percent growth over 2016-2020: state adviser &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil drops over 2 percent as China slowdown weighs; market loses faith in rebound &#8211; RTRS\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 161K vs 161 short prior week\n\t<\/li>\n<li>\n\t\tGBP short 30K vs. 31K short prior week\n\t<\/li>\n<li>\n\t\tJPY long 4K vs. 17K short prior week.\n\t<\/li>\n<li>\n\t\tCAD short 60K vs. 61K short prior week.\n\t<\/li>\n<li>\n\t\tCHF long 4K vs 4K long prior week\n\t<\/li>\n<li>\n\t\tAUD short 14K vs 18K short prior week\n\t<\/li>\n<li>\n\t\t&nbsp;NZD short 1.5K vs flat prior week\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe major Asian equity markets all fell overnight, led by losses in Chinese markets. In FX, the Aussie Dollar rose slightly, while all other major currencies declined against the US Dollar. EUR\/USD started the new trading day around 1.0915 and rose to a high of 1.0969 in the early session. However, it was unable to sustain momentum and fell back to 1.0930 as Hong Kong opened. Eventually, it declined to a low of 1.0908.\n<\/p>\n<p>\n\tDespite Japanese markets being closed, there was no lack of volatility in USD\/JPY. The pair opened around 116.75 in Sydney and eventually climbed back to 117.45 after the Hong Kong open. Decent resistance can be expected in the 117.80\/118.00 area, while support is seen at 116.70 and 116.20.\n<\/p>\n<p>\n\tAUD\/USD bounced off the 0.6925 level and made it to 0.6980 overnight. Minor resistance can be expected at 0.70, but the main level to watch is now 0.7075.\n<\/p>\n<p>\n\tLooking ahead, there are no relevant data releases scheduled for today, so FX traders may look again at the volatile equity markets for guidance.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:15 GMT &#8211; Swiss Retail Sales\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; Euro Zone Sentix Investor Confidence\n\t<\/li>\n<li>\n\t\t13:15 GMT &#8211; Canadian Housing Starts\n\t<\/li>\n<li>\n\t\t17:40 GMT &#8211; FOMC Member Lockhart speaks\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, January 12th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t09:30 GMT &#8211; UK Industrial Production\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Manufacturing Production\n\t<\/li>\n<li>\n\t\t10:30 GMT &#8211; FOMC Member Fischer speaks\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; UK NIESR GDP Estimate\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US JOLTs Job Openings\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, January 13th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t03:00 GMT &#8211; Chinese Trade Balance\n\t<\/li>\n<li>\n\t\t07:45 GMT &#8211; French CPI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Industrial Production\n\t<\/li>\n<li>\n\t\t19:00 GMT &#8211; US Federal Budget Balance\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, January 14th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; Australian Employment Change\n\t<\/li>\n<li>\n\t\t00:30 GMT &#8211; Australian Unemployment Rate\n\t<\/li>\n<li>\n\t\t12:00 GMT &#8211; Bank of England Rate Decision\n\t<\/li>\n<li>\n\t\t12:00 GMT &#8211; Bank of England Meeting Minutes\n\t<\/li>\n<li>\n\t\t12:30 GMT &#8211; ECB Meeting Minutes\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; FOMC Member Bullard speaks\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, January 15th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; Australia Home Loans\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Trade Balance\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\t13:30 GMT &#8211; US NY Empire State Manufacturing Index\n\t<\/li>\n<li>\n\t\t14:15 GMT &#8211; US Industrial Production\n\t<\/li>\n<li>\n\t\t14:55 GMT &#8211; US Michigan Consumer Sentiment\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Shanghai Composite lost 2.40 %, Hang Seng fell 2.55 %, ASX 200 declined 1.35 % Commodities: Gold at $1103 (+0.55 %), Silver at $13.99 (+0.50 %), WTI Oil at $32.55 (-1.90 %), Brent Oil at $33.22 (-1.00 %) Rates: US 10 year yield at 2.12, UK 10 year yield at &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-11th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 11th January: 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-15821","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\/15821","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=15821"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15821\/revisions"}],"predecessor-version":[{"id":15822,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15821\/revisions\/15822"}],"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=15821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}