{"id":15989,"date":"2016-01-27T10:46:36","date_gmt":"2016-01-27T05:16:36","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=15989"},"modified":"2016-01-27T10:46:36","modified_gmt":"2016-01-27T05:16:36","slug":"wednesday-27th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/wednesday-27th-january-european-open-briefing\/","title":{"rendered":"Wednesday 27th 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 2.50 %, Shanghai Composite lost 2.80 %, Hang Seng gained 0.60 %, ASX 200 declined 1.20 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1120 (+0.05 %), Silver at $14.45 (-0.70 %), WTI Oil at $30.85 (-1.80 %), Brent Oil at $32.15 (+1.20 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.99, UK 10 year yield at 1.69, German 10 year yield at 0.44\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia CPI (QoQ) Q4: 0.4% (exp 0.3% prev 0.5%)\n\t<\/li>\n<li>\n\t\tAustralia CPI (YoY) Q4: 1.7% (exp 1.6% prev 1.5%)\n\t<\/li>\n<li>\n\t\tAustralia CPI Trimmed Mean (QoQ) Q4: 0.6% (exp 0.5% prev 0.3%)\n\t<\/li>\n<li>\n\t\tAustralia CPI Trimmed Mean (YoY) Q4: 2.1% (exp 2.1% prev 2.1%)\n\t<\/li>\n<li>\n\t\tAustralia CPI Weighted Median (QoQ) Q4: 0.5% (exp 0.5% prev 0.3%)\n\t<\/li>\n<li>\n\t\tAustralia CPI Weighted Median (YoY) Q4: 1.9% (exp 2.1% prev 2.2%)\n\t<\/li>\n<li>\n\t\tAustralia Westpac Leading Index (MoM) Dec: -0.3% (prev rev -0.3%)\n\t<\/li>\n<li>\n\t\tAustralia ANZ Roy Morgan Weekly Consumer Confidence Index (W\/E 24 Jan): 112.2 (prev 113.2)\n\t<\/li>\n<li>\n\t\tChina Industrial Profits (YoY) Dec: -4.7% (prev -1.4%)\n\t<\/li>\n<li>\n\t\tChina Westpac-MNI Consumer Sentiment (Jan): 114.9 (prev 113.7)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.5533 (prev 6.5548)\n\t<\/li>\n<li>\n\t\tAsian stocks struggle as headwinds grow; gold shines &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil falls around 2 percent as profit-taking kicks in &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe Australian Dollar rallied overnight, after higher than expected inflation data. AUD\/USD rose from 0.6990 to a high of 0.7040, while AUD\/NZD climbed from 1.0750 to 1.0845. Immediate resistance in AUD\/USD is seen at 0.7050, but 0.71 remains the key level to watch in the short-term. Intraday support can be expected at 0.6970 and 0.6920.\n<\/p>\n<p>\n\tNZD\/USD failed to follow the AUD higher and fell from 0.6515 at the Sydney open to a low of 0.6475 in the late Asian session. Support is noted at 0.6425 and then at 0.6350.\n<\/p>\n<p>\n\tAfter falling 250 pips yesterday, USD\/CAD found good support at 1.4050 and the decline in oil overnight helped it recover slightly. The pair rose to a high of 1.4135 in Asia and resistance is now seen at 1.4165 and 1.4220.\n<\/p>\n<p>\n\tUSD\/JPY remains choppy with the market constantly switching between risk-on and risk-off. The pair rose to 118.60 into the NY close, but fell in Asia along with the Nikkei. It reached a low of 118.04 before bouncing back to 118.20.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German GfK Consumer Climate\n\t<\/li>\n<li>\n\t\t09:00 GMT &ndash; Italian Consumer Confidence\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US New Home Sales\n\t<\/li>\n<li>\n\t\t15:30 GMT &#8211; US Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t19:00 GMT &#8211; Federal Reserve Interest Rate Inventories\n\t<\/li>\n<li>\n\t\t19:00 GMT &#8211; FOMC Statement\n\t<\/li>\n<li>\n\t\t20:00 GMT &#8211; RBNZ Interest Rate Decision\n\t<\/li>\n<li>\n\t\t21:45 GMT &#8211; New Zealand Trade Balance\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 2.50 %, Shanghai Composite lost 2.80 %, Hang Seng gained 0.60 %, ASX 200 declined 1.20 % Commodities: Gold at $1120 (+0.05 %), Silver at $14.45 (-0.70 %), WTI Oil at $30.85 (-1.80 %), Brent Oil at $32.15 (+1.20 %) Rates: US 10 year yield at 1.99, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/wednesday-27th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 27th 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-15989","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\/15989","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=15989"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15989\/revisions"}],"predecessor-version":[{"id":15990,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/15989\/revisions\/15990"}],"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=15989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=15989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=15989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}