{"id":15846,"date":"2016-01-13T10:56:24","date_gmt":"2016-01-13T05:26:24","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15846"},"modified":"2016-01-13T10:56:24","modified_gmt":"2016-01-13T05:26:24","slug":"wednesday-13th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/wednesday-13th-january-european-open-briefing\/","title":{"rendered":"Wednesday 13th 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: Nikkei up 2.70 %, Shanghai Composite fell 0.05 %, Hang Seng rallied 2.30 %, ASX 200 gained 1.35 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1083 (-0.13 %), Silver at $13.80 (+0.30 %), WTI Oil at $30.95 (+1.70 %), Brent Oil at $31.35 (-0.20 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.14, UK 10 year yield at 1.75, German 10 year yield at 0.55\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tChina USD Trade Balance (Dec): USD 60.09 Bln (exp USD 51.30 Bln prev USD 54.10 Bln)\n\t<\/li>\n<li>\n\t\tChina USD Exports (YoY) Dec: -1.4% (exp -8.0% prev -6.8%)\n\t<\/li>\n<li>\n\t\tChina USD Imports (YoY) Dec: -7.6% (exp -11.0% prev -8.7%)\n\t<\/li>\n<li>\n\t\tChina CNY Trade Balance (Dec): CNY 382.05 Bln (exp CNY 338.80 Bln prev CNY 343.10 Bln)\n\t<\/li>\n<li>\n\t\tChina CNY Exports (YoY) Dec: 2.3% (exp -4.1% prev -3.7%)\n\t<\/li>\n<li>\n\t\tChina CNY Imports (YoY) Dec: -4.0% (exp -7.9% prev -5.6%)\n\t<\/li>\n<li>\n\t\tJapan Money Stock M2 (YoY) Dec: 3.0% (exp 3.3% prev 3.3%)\n\t<\/li>\n<li>\n\t\tAustralia Job Vacancies (QoQ) Nov: 3.5% (prev 2.7%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.5630 (prev 6.5628)\n\t<\/li>\n<li>\n\t\tYuan Overnight Interbank Rate In Hong Kong Drops To 8.31%\n\t<\/li>\n<li>\n\t\tOil&#39;s slide below $30 sends shockwaves far and wide-&nbsp; RTRS\n\t<\/li>\n<li>\n\t\tAsia stocks cheered by China trade surprise &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tRisk appetite improved after better than expected Chinese trade data. The December trade balance in USD stood at $60 billion vs $53 billion expected. This led to a rally in most of the Asian stock markets, with the Hang Seng gaining more than 2 % on the day. The Nikkei and ASX followed it higher, with only the Shanghai Composite lagging behind a bit.\n<\/p>\n<p>\n\tIn FX, the Aussie and Kiwi Dollar benefited from the improved sentiment, while the Japanese Yen fell against most currencies. AUD\/USD rallied from 0.6975 at the Sydney open to a high of 0.7050. Resistance is now seen at 0.7075\/80. NZD\/USD rose from 0.6530 to 0.6590 and momentum faded just ahead of the key 0.66 resistance level. A clear break above would then pave the way for 0.6675 and eventually 0.6725.\n<\/p>\n<p>\n\tUSD\/CAD continues to post fresh multi-year highs on a daily basis, as oil prices remain under pressure. WTI fell below $30 yesterday, the first time since 2003. It has recovered slightly since then, which led to a decline to 1.4215 in USD\/CAD. Intraday support is seen at 1.4180 and then 1.4070.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\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\t13:00 GMT &#8211; FOMC Member Rosengren speaks\n\t<\/li>\n<li>\n\t\t19:00 GMT &#8211; US Beige Book\n\t<\/li>\n<li>\n\t\t19:00 GMT &#8211; US Federal Budget Balance\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 2.70 %, Shanghai Composite fell 0.05 %, Hang Seng rallied 2.30 %, ASX 200 gained 1.35 % Commodities: Gold at $1083 (-0.13 %), Silver at $13.80 (+0.30 %), WTI Oil at $30.95 (+1.70 %), Brent Oil at $31.35 (-0.20 %) Rates: US 10 year yield at 2.14, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/wednesday-13th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 13th 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-15846","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\/15846","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=15846"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15846\/revisions"}],"predecessor-version":[{"id":15847,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15846\/revisions\/15847"}],"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=15846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}