{"id":15964,"date":"2016-01-26T11:01:38","date_gmt":"2016-01-26T05:31:38","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15964"},"modified":"2016-01-26T11:01:38","modified_gmt":"2016-01-26T05:31:38","slug":"tuesday-26th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-26th-january-european-open-briefing\/","title":{"rendered":"Tuesday 26th 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 2.10 %, Shanghai Composite fell 2.15 %, Hang Seng declined 1.90 %, ASX 200 closed for public holiday\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1112.70 (+0.70 %), Silver at $14.29 (+0.25 %), WTI Oil at $29.60 (-2.50 %), Brent Oil at $30.70 (-0.80 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.01, UK 10 year yield at 1.70, German 10 year yield at 0.47\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 PSI (Dec): 58.9 (prev 59.8)\n\t<\/li>\n<li>\n\t\tSouth Korea GDP SA (QoQ) Q4, P: 0.6% (exp 0.6% prev 1.3%)\n\t<\/li>\n<li>\n\t\tSouth Korea GDP (YoY) Q4, P: 3.0% (exp 3.0% prev 2.7%)\n\t<\/li>\n<li>\n\t\tJapan Services PPI (YoY) Dec: 0.4% (exp 0.2% prev 0.2%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.5548 (prev 6.5557)\n\t<\/li>\n<li>\n\t\tEcuador Oil Minister Pareja: Some OPEC members are seeking an emergency meeting in March &#8211; BBG\n\t<\/li>\n<li>\n\t\tJapanese Econ Minister Amari: Don&rsquo;t Think BoJ Will Take Bold Steps Like ECB &#8212; RTRS\n\t<\/li>\n<li>\n\t\tAmari: Kuroda Takes Appropriate Steps When Needed\n\t<\/li>\n<li>\n\t\tJapanese PM Adviser Hamada: BoJ Easing Still Needed &#8212; Toyo Keizai\n\t<\/li>\n<li>\n\t\tAsian shares, oil skid as global growth concerns dominate &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar inches lower in cautious trade as Fed looms &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tIt was a risk-off session in Asia as oil retraced its earlier gains and fell back below $30 per barrel. US stock markets finished the day 1 % lower and Asian markets followed them lower, with most of the major indices down more than 2 % on the day.\n<\/p>\n<p>\n\tUSD\/JPY came under pressure ahead of the Tokyo open and declined to 118.00. Should it break below the aforementioned level, next support lies at 117.45. EUR\/USD was quiet overnight and consolidated in a 1.0842-60 range. GBP\/USD fell in the early Asian session, from 1.4250 to a low of 1.4206. It recovered from there however, and rose back to 1.4240 later in the session.\n<\/p>\n<p>\n\tThe Canadian Dollar weakened along with oil, which led to a rally back to 1.43 in USD\/CAD. The Australian and New Zealand Dollar also retraced earlier gains; AUD\/USD fell to 0.6933, while NZD\/USD tumbled to 0.6425.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t10:45 GMT &#8211; Bank of England Governor Carney speaks\n\t<\/li>\n<li>\n\t\t14:00 GMT &#8211; US House Price Index\n\t<\/li>\n<li>\n\t\t14:45 GMT &#8211; US Services PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US CB Consumer Confidence\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Richmond Manufacturing Index\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 2.10 %, Shanghai Composite fell 2.15 %, Hang Seng declined 1.90 %, ASX 200 closed for public holiday Commodities: Gold at $1112.70 (+0.70 %), Silver at $14.29 (+0.25 %), WTI Oil at $29.60 (-2.50 %), Brent Oil at $30.70 (-0.80 %) Rates: US 10 year yield at 2.01, &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-26th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 26th 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-15964","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\/15964","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=15964"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15964\/revisions"}],"predecessor-version":[{"id":15965,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15964\/revisions\/15965"}],"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=15964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}