{"id":15902,"date":"2016-01-18T10:29:34","date_gmt":"2016-01-18T04:59:34","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15902"},"modified":"2016-01-18T10:29:34","modified_gmt":"2016-01-18T04:59:34","slug":"monday-18th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-18th-january-european-open-briefing\/","title":{"rendered":"Monday 18th 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 1.40 %, Shanghai Composite gained 0.10 %, Hang Seng declined 1.20 %, ASX 200 fell 0.85 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1092 (+0.15 %), Silver at $13.97 (+0.50 %), WTI Oil at $30.15 (-0.85 %), Brent Oil at $28.62 (-2.15 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.04, UK 10 year yield at 1.66, German 10 year yield at 0.48\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia TD Securities Inflation (MoM) Dec: 0.2% (prev 0.1%)\n\t<\/li>\n<li>\n\t\tAustralia TD Securities Inflation (YoY) Dec: 2.0% (prev 1.8%)\n\t<\/li>\n<li>\n\t\tUK Rightmove House Price Index (MoM) Jan: 0.5% (prev -1.1%)\n\t<\/li>\n<li>\n\t\tUK Rightmove House Price Index (YoY) Jan: 6.5% (prev 7.4%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.5590 (prev 6.5637)\n\t<\/li>\n<li>\n\t\tChinese Premier Li: China&rsquo;s GDP Grew By Around 7% In 2015 &#8212; IBT\n\t<\/li>\n<li>\n\t\tState Researcher Sees 2016 China GDP At About 6.5% &#8212; Financial News\n\t<\/li>\n<li>\n\t\tNew Chapter For Tehran As Sanctions End &#8212; BBC\n\t<\/li>\n<li>\n\t\tGulf Stock Markets Tumble As Iran Deal Takes Effect &#8212; WSJ\n\t<\/li>\n<li>\n\t\tAsian shares slid to 2011 levels as oil slump intensifies &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil slides to lowest since 2003 as Iran sanctions are lifted &#8211; RTRS\n\t<\/li>\n<li>\n\t\tYen in demand as risk aversion grows, Loonie hits fresh lows &#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 146K vs 161K short prior week\n\t<\/li>\n<li>\n\t\tGBP short 31K vs. 30K short prior week\n\t<\/li>\n<li>\n\t\tJPY long 25K vs. 4K long prior week\n\t<\/li>\n<li>\n\t\tCAD short 59K vs. 60K short prior week\n\t<\/li>\n<li>\n\t\tCHF&nbsp; long 3K vs. 4K long prior week\n\t<\/li>\n<li>\n\t\tAUD short 23K vs. 14K short prior week\n\t<\/li>\n<li>\n\t\tNZD long 2K vs 2K long prior week\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tUSD\/JPY started the week around 116.65 as traders were anticipating another risk-off session in Asia. However, the pair was able to recover from there and rallied to a high of 117.35. Resistance is seen at 117.40 and then 118.20, the Friday high.\n<\/p>\n<p>\n\tAUD\/USD retested previous support at 0.6905 and broke above it, but failed to sustain momentum. The pair fell back to 0.6900 and is currently consolidating around that level. Resistance is seen at 0.6940 and 0.70, while intraday support can be expected at 0.6820.\n<\/p>\n<p>\n\tEUR\/USD traded in a 1.0890-1.0928 range overnight, while GBP\/USD bounced off 1.4250 and rose to 1.4282.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:00 GMT &#8211; Italian Trade Balance\n\t<\/li>\n<li>\n\t\t21:00 GMT &#8211; New Zealand Business Confidence\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, January 19th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t02:00 GMT &#8211; Chinese GDP\n\t<\/li>\n<li>\n\t\t02:00 GMT &#8211; China Industrial Production\n\t<\/li>\n<li>\n\t\t02:00 GMT &#8211; China Retail Sales\n\t<\/li>\n<li>\n\t\t07:00 GMT &#8211; German CPI\n\t<\/li>\n<li>\n\t\t08:15 GMT &#8211; Swiss PPI\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK CPI\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK House Price Index\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone CPI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; German ZEW Economic Sentiment\n\t<\/li>\n<li>\n\t\t12:00 GMT &#8211; Bank of England Governor Carney speaks\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US NAHB Housing Market Index\n\t<\/li>\n<li>\n\t\t21:45 GMT &#8211; New Zealand CPI\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, January 20th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German PPI\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Claimant Count Change\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Unemployment Rate\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Average Earnings\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Building Permits\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US CPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Housing Starts\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian Manufacturing Sales\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian Wholesale Sales\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; Bank of Canada Interest Rate Decision\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; Bank of Canada Monetary Policy Report\n\t<\/li>\n<li>\n\t\t16:15 GMT &#8211; Bank of Canada Governor Poloz speaks\n\t<\/li>\n<li>\n\t\t21:30 GMT &#8211; New Zealand Business NZ PMI\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, January 21st<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:00 GMT &#8211; Australia HIA New Home Sales\n\t<\/li>\n<li>\n\t\t00:00 GMT &#8211; Australia MI Inflation Expectations\n\t<\/li>\n<li>\n\t\t12:45 GMT &#8211; ECB Interest Rate Decision\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; ECB Press Conference\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Phily Fed Manufacturing Index\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; Euro Zone Consumer Confidence\n\t<\/li>\n<li>\n\t\t16:00 GMT &#8211; US Crude Oil Inventories\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, January 22nd<\/u>\n<\/p>\n<ul>\n<li>\n\t\t08:00 GMT &#8211; French Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:00 GMT &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:30 GMT &#8211; German Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:30 GMT &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Retail Sales\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian Retail Sales\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian CPI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Existing Home Sales\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 1.40 %, Shanghai Composite gained 0.10 %, Hang Seng declined 1.20 %, ASX 200 fell 0.85 % Commodities: Gold at $1092 (+0.15 %), Silver at $13.97 (+0.50 %), WTI Oil at $30.15 (-0.85 %), Brent Oil at $28.62 (-2.15 %) Rates: US 10 year yield at 2.04, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-18th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 18th 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-15902","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\/15902","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=15902"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15902\/revisions"}],"predecessor-version":[{"id":15903,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15902\/revisions\/15903"}],"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=15902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}