{"id":15887,"date":"2016-01-15T10:51:45","date_gmt":"2016-01-15T05:21:45","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15887"},"modified":"2016-01-15T10:51:45","modified_gmt":"2016-01-15T05:21:45","slug":"friday-15th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-15th-january-european-open-briefing\/","title":{"rendered":"Friday 15th January: European Open Briefing"},"content":{"rendered":"

\n\tGlobal Markets:<\/strong>
\n<\/h4>\n

\n\t•    Asian stock markets: Nikkei down 0.10 %, Shanghai Composite lost 1.55 %, Hang Seng declined 1.00 %, ASX 200 fell 0.50 %
\n\t•    Commodities: Gold at $1080.10 (+0.60 %), Silver at $13.84 (+0.65 %), WTI Oil at $30.66 (-1.75 %), Brent Oil at $30.63 (-1.19 %)
\n\t•    Rates: US 10 year yield at 2.09, UK 10 year yield at 1.75, German 10 year yield at 0.52\n<\/p>\n

\n\tNews & Data:<\/strong>
\n<\/h4>\n

\n\t•    Australia Home Loans (MoM) Nov: 1.8% (exp 0.3% prev rev -0.3%)
\n\t•    Australia Investment Lending (MoM) Nov: 0.7% (prev rev -5.8%)
\n\t•    China M2 Money Supply (YoY): 13.3% (exp 13.6% prev 13.7%)
\n\t•    China New Yuan Loans (Dec): CNY597.8 Bln (exp CNY700.0 Bln prev CNY708.9 Bln)
\n\t•    PBoC Fixes Yuan Reference Rate At 6.5637 (prev 6.5616)
\n\t•    BoJ Gov Kuroda: Japan Price Trend Is Improving Steadily
\n\t•    Kuroda: Pace Of Wage Growth Somewhat Slow When Considering Tight Job Market & Record Corp Profits — RTRS
\n\t•    Kuroda: No Plan And No Need To Change The 2% Inflation Target — BBG
\n\t•    Kuroda: No Plan To Add To Monetary Easing At Present — BBG
\n\t•    Kuroda: QQE Policy Has A Risk For BoJ's Finances
\n\t•    Asia shares hit 3-1\/2-year lows as oil resumes fall – RTRS
\n\t•    Chinese central bank keeps yuan steady, stocks slightly down – RTRS
\n\t•    Crude oil falls as market braces for more Iranian oil – RTRS\n<\/p>\n

\n\tMarkets Update:<\/strong>
\n<\/h4>\n

\n\tIt was another risk-off session with the JPY bid and the Aussie & Kiwi Dollar the worst performing currencies overnight. USD\/JPY remains stuck in a range; after rallying to 118.30 in the early Asian session, the decline in equities pushed the pair back to 117.60. It's likely we will see a further consolidation between 117 and 118.50 in the short-term, unless US econ data surprises. \n<\/p>\n

\n\tGBP\/USD volatility has been low for the past few sessions and even the BoE meeting minutes and a speech from BoE Governor Carney couldn't move the Pound much. GBP\/USD traded in a 1.4400-30 range overnight and key support is seen at 1.4353, while resistance is noted at 1.4450 and 1.4495.\n<\/p>\n

\n\tSimilar price action could be seen in EUR\/USD, although the intraday volatility is somewhat higher. The pair reached 1.0940 yesterday, but failed once again to break above it. Eventually, it fell back to a low of 1.0840. In Asia, the Euro recovered slightly, as it rose to 1.0890.\n<\/p>\n

\n\tThe commodity currencies weakened overnight, driven lower by equities. AUD\/USD fell from 0.70 to 0.6940, while NZD\/USD declined from 0.6492 to 0.6428. Meanwhile, USD\/CAD remains strong amid weak oil prices and is approaching the 1.44 level.\n<\/p>\n

\n\tEconomic Calendar:<\/strong>
\n<\/h4>\n

\n\t•    08:00 GMT – Spanish CPI
\n\t•    09:00 GMT – Italian CPI
\n\t•    10:00 GMT – Euro Zone Trade Balance
\n\t•    13:30 GMT – US Retail Sales
\n\t•    13:30 GMT – US NY Empire State Manufacturing Index
\n\t•    13:30 GMT – US PPI
\n\t•    14:15 GMT – US Manufacturing Production
\n\t•    14:15 GMT – US Industrial Production
\n\t•    14:55 GMT – US Michigan Consumer Confidence
\n\t•    15:00 GMT – US Business Inventories<\/p>\n","protected":false},"excerpt":{"rendered":"

Global Markets: •    Asian stock markets: Nikkei down 0.10 %, Shanghai Composite lost 1.55 %, Hang Seng declined 1.00 %, ASX 200 fell 0.50 % •    Commodities: Gold at $1080.10 (+0.60 %), Silver at $13.84 (+0.65 %), WTI Oil at $30.66 (-1.75 %), Brent Oil at $30.63 (-1.19 %) •    Rates: US 10 year yield … Continue reading Friday 15th 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-15887","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\/15887","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=15887"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15887\/revisions"}],"predecessor-version":[{"id":15888,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15887\/revisions\/15888"}],"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=15887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}