{"id":15914,"date":"2016-01-19T10:19:19","date_gmt":"2016-01-19T04:49:19","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15914"},"modified":"2016-01-19T10:19:19","modified_gmt":"2016-01-19T04:49:19","slug":"tuesday-19th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-19th-january-european-open-briefing\/","title":{"rendered":"Tuesday 19th 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 0.15 %, Shanghai Composite gained 1.65 %, Hang Seng and ASX both rose 0.80 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1089 (-0.15 %), Silver at $13.95 (+0.35 %), WTI Oil at $30.40 (-0.10 %), Brent Oil at $28.96 (+0.80 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.06, UK 10 year yield at 1.69, 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\tChina GDP SA (QoQ) Q4: 1.6% (exp 1.8% prev 1.8%)\n\t<\/li>\n<li>\n\t\tChina GDP (YoY) Q4: 6.8% (exp 6.9% prev 6.9%)\n\t<\/li>\n<li>\n\t\tChina GDP YtD (YoY) Q4: 6.9% (exp 6.9% prev 6.9%)\n\t<\/li>\n<li>\n\t\tChina Industrial Production (YoY) Dec: 5.9% (exp 6.0% prev 6.2%)\n\t<\/li>\n<li>\n\t\tChina Industrial Production YtD (YoY) Dec: 6.1% (exp 6.1% prev 6.1%)\n\t<\/li>\n<li>\n\t\tChina Retail Sales (YoY) Dec: 11.1% (exp 11.3% prev 11.2%)\n\t<\/li>\n<li>\n\t\tChina Retail Sales YtD (YoY) Dec: 10.7% (exp 10.7% prev 10.6%)\n\t<\/li>\n<li>\n\t\tAustralia ANZ Roy Morgan Weekly Consumer Confidence Index (W\/E 17 Jan): 113.2 (prev 114.1)\n\t<\/li>\n<li>\n\t\tNBS: China Economy Faces Heavy Tasks Of Deepening Reform, Operated In Proper Range In 2015 &#8212; BBG\n\t<\/li>\n<li>\n\t\tNBS: China To Continue To See Stable Growth In 2016\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.5596 (prev 6.5590)\n\t<\/li>\n<li>\n\t\tRBA Tipped To Cut Rates In June On China Woes &amp; Low Oil Price &#8212; AFR\n\t<\/li>\n<li>\n\t\tJapanese Econ Min Amari: Excessive Oil Drop May Affect Japan&#39;s Economy &#8212; BBG\n\t<\/li>\n<li>\n\t\tBoE&rsquo;s Vlieghe: Growth is slowing, inflation is muted, would need to see progress before wanted hike\n\t<\/li>\n<li>\n\t\tBoE&#39;s Vlieghe: Next move in rates likely to be up, could change if disappointments in data keep coming\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tChinese data missed expectations, but the Asian stock indices are up nevertheless, with Chinese markets rising on speculation of further economic stimulus by the government.\n<\/p>\n<p>\n\tPrice action in AUD\/USD was volatile overnight. It fell from 0.6890 before the data releases to a low of 0.6840, but then recovered along with stocks. The pair rallied back to 0.6880 and has settled in a 0.6870-80 range for the past one hour. Similar price action was seen in NZD\/USD, although a bit less volatile.\n<\/p>\n<p>\n\tUSD\/CAD fell to a low of 1.4502 overnight as oil prices rose slightly. Support can be expected at 1.4488 and then 1.4420.\n<\/p>\n<p>\n\tMeanwhile, the British Pound is not getting any rest. Just as it rose back above 1.43, dovish comments from BoE member Vlieghe pushed GBP\/USD back sub-1.42 and eventually to a low of 1.4237 in Asia.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\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","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.15 %, Shanghai Composite gained 1.65 %, Hang Seng and ASX both rose 0.80 % Commodities: Gold at $1089 (-0.15 %), Silver at $13.95 (+0.35 %), WTI Oil at $30.40 (-0.10 %), Brent Oil at $28.96 (+0.80 %) Rates: US 10 year yield at 2.06, UK 10 year &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-19th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 19th 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-15914","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\/15914","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=15914"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15914\/revisions"}],"predecessor-version":[{"id":15915,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15914\/revisions\/15915"}],"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=15914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}