{"id":15926,"date":"2016-01-20T10:38:10","date_gmt":"2016-01-20T05:08:10","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15926"},"modified":"2016-01-20T10:38:10","modified_gmt":"2016-01-20T05:08:10","slug":"wednesday-20th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/wednesday-20th-january-european-open-briefing\/","title":{"rendered":"Wednesday 20th 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 2.85 %, Shanghai Composite lost 1.40 %, Hang Seng declined 4.00 %, ASX 200 fell 1.30 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1092.40 (+0.30 %), Silver at $14.04 (-0.60 %), WTI Oil at $28.88 (-2.35 %), Brent Oil at $28.29 (-1.85 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.01, UK 10 year yield at 1.69, German 10 year yield at 0.56\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tNew Zealand CPI (QoQ) Q4: -0.5% (exp -0.2% prev 0.3%)\n\t<\/li>\n<li>\n\t\tNew Zealand CPI (YoY) Q4: 0.1% (exp 0.3% prev 0.4%)\n\t<\/li>\n<li>\n\t\tNew Zealand REINZ House Sales (YoY) Dec: 3.5% (prev 8.5%)\n\t<\/li>\n<li>\n\t\tAustralia Westpac Consumer Confidence Index (Jan): 97.3 (prev 100.8)\n\t<\/li>\n<li>\n\t\tHong Kong Unemployment Rate SA (Dec): 3.3% (exp 3.3% prev 3.3%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.5578 (prev 6.5596)\n\t<\/li>\n<li>\n\t\tAsia stocks hit four-year trough as oil spirals lower &#8211; RTRS\n\t<\/li>\n<li>\n\t\tChina shares fall as oil slides, outweighing stimulus hopes &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar retreats as crude oil resumes descent, yen gains &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tAsian stock markets fell overnight, as oil posted fresh multi-year lows.&nbsp; Risk aversion led to a retracement in USD\/JPY, which fell from 117.65 at the session open to a low of 116.90. Support is now seen at 116.50, last week&#39;s low. Commodity currencies also declined overnight, with AUD\/USD falling to a low of 0.6860 after trading as high as 0.6955 yesterday. Initial support is seen at 0.6830 and a break below would then suggest a move to 0.67.\n<\/p>\n<p>\n\tThe New Zealand Dollar fell sharply after lower than expected CPI data. NZD\/USD tumbled from 0.6480 to 0.64 and eventually extended losses to 0.6365. Meanwhile, lower oil prices benefited the USD\/CAD, which rallied to 1.4643 in Asia, up 200 pips from yesterday&#39;s NY open.\n<\/p>\n<p>\n\tThe Pound came under pressure after dovish comments from BoE Governor Carney and GBP\/USD hit a fresh multi-year low at 1.4129. The Euro however, benefited from the risk-off sentiment and rallied to 1.0955. Initial resistance is seen at 1.0980 and 1.10.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\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&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 2.85 %, Shanghai Composite lost 1.40 %, Hang Seng declined 4.00 %, ASX 200 fell 1.30 % Commodities: Gold at $1092.40 (+0.30 %), Silver at $14.04 (-0.60 %), WTI Oil at $28.88 (-2.35 %), Brent Oil at $28.29 (-1.85 %) Rates: US 10 year yield at 2.01, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/wednesday-20th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 20th 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-15926","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\/15926","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=15926"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15926\/revisions"}],"predecessor-version":[{"id":15927,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15926\/revisions\/15927"}],"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=15926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}