{"id":15875,"date":"2016-01-14T10:40:01","date_gmt":"2016-01-14T05:10:01","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15875"},"modified":"2016-01-14T10:40:01","modified_gmt":"2016-01-14T05:10:01","slug":"thursday-14th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/thursday-14th-january-european-open-briefing\/","title":{"rendered":"Thursday 14th 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 down 4.25 %, Shanghai Composite fell 1.10 %, Hang Seng lost 1.85 %, ASX 200 declined 1.70 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1094 (+0.70 %), Silver at $14.10 (-0.35 %), WTI Oil at $30.52 (+0.15 %), Brent Oil at $29.99 (-0.65 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.07, UK 10 year yield at 1.74, German 10 year yield at 0.50\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia Full Time Employment Change (Dec): 17.6K (prev 41.6K)\n\t<\/li>\n<li>\n\t\tPart Time Employment Change (Dec): -18.5K (prev 29.7K)\n\t<\/li>\n<li>\n\t\tAustralia Employment Change (Dec): -1.0K (exp -10.0K prev 71.4K)\n\t<\/li>\n<li>\n\t\tAustralia Unemployment Rate (Dec) 5.8 % (exp 5.9 %, prev 5.8 %)\n\t<\/li>\n<li>\n\t\tJapan PPI (MoM) Nov: -0.3% (exp -0.4% prev -0.1%)\n\t<\/li>\n<li>\n\t\tJapan PPI (YoY) Nov: -3.4% (exp -3.5% prev -3.6%)\n\t<\/li>\n<li>\n\t\tJapan Machine Orders (MoM) Nov: -14.4% (exp -7.3% prev 10.7%)\n\t<\/li>\n<li>\n\t\tJapan Machine Orders (YoY) Nov: 1.2% (exp 6.3% prev 10.3%)\n\t<\/li>\n<li>\n\t\tBank of Korea Keeps Its Base Rate On Hold At 1.50% As Expected\n\t<\/li>\n<li>\n\t\tBank Indonesia Seen Edging Toward Rate Cut &#8212; WSJ\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.5616 (prev 6.5630)\n\t<\/li>\n<li>\n\t\tYuan Is Unlikely To Keep Falling Sharply &#8212; Securities Journal\n\t<\/li>\n<li>\n\t\tBoJ Gov Kuroda: Japan&#39;s Price Trend Is Improving\n\t<\/li>\n<li>\n\t\tKuroda: This Year Critical To Judge If Virtuous Cycle Continues\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tRisk sentiment took a turn for the worse overnight. After US stock indices fell sharply yesterday, the major Asian stock markets also declined, with the Nikkei falling as much as 4.50 % on the day.\n<\/p>\n<p>\n\tThe focus is again on oil as Brent fell below $30. WTI is doing slightly better, as it is still holding above $30, but it remains under pressure overall. The decline in oil prices pushed USD\/CAD to fresh multi-year highs in Asia. The pair reached a high of 1.4382 and there seems to be little tech resistance until 1.45.\n<\/p>\n<p>\n\tMeanwhile, USD\/JPY had a sharp reversal. After reaching a high of 118.40 in yesterday&#39;s NY session, the pair came under pressure in the early Asian session and eventually fell to a low of 117.30. Support is now seen at 117.00 and 116.70.\n<\/p>\n<p>\n\tAustralian employment data beat expectations and the unemployment rate remained steady at 5.8 %, but that did not help the Aussie Dollar as the negative sentiment in equity markets weighed on the risk-on currencies as well. AUD\/USD fell from 0.6960 to 0.6920 and key support is now seen at 0.6905, the 2015 low.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German WPI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Italian Industrial Production\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; US Initial Jobless Claims\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 4.25 %, Shanghai Composite fell 1.10 %, Hang Seng lost 1.85 %, ASX 200 declined 1.70 % Commodities: Gold at $1094 (+0.70 %), Silver at $14.10 (-0.35 %), WTI Oil at $30.52 (+0.15 %), Brent Oil at $29.99 (-0.65 %) Rates: US 10 year yield at 2.07, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/thursday-14th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 14th 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-15875","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\/15875","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=15875"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15875\/revisions"}],"predecessor-version":[{"id":15876,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15875\/revisions\/15876"}],"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=15875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}