{"id":16030,"date":"2016-02-01T11:23:43","date_gmt":"2016-02-01T05:53:43","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16030"},"modified":"2016-02-01T11:23:43","modified_gmt":"2016-02-01T05:53:43","slug":"monday-1st-february-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-1st-february-european-open-briefing\/","title":{"rendered":"Monday 1st February: 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 1.70 %, Shanghai Composite fell 1.80 %, Hang Seng declined 0.95 %, ASX gained 0.70 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1122 (+0.50 %), Silver at $14.30 (+0.45 %), WTI Oil at $33.10 (-1.55 %), Brent Oil at $35.35 (-1.75 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.91, UK 10 year yield at 1.57, German 10 year yield at 0.33\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tChina Official Non-Manufacturing PMI (Jan): 53.5 (prev 54.4)\n\t<\/li>\n<li>\n\t\tChina Official Manufacturing PMI (Jan): 49.4 (exp 49.6 prev 49.7)\n\t<\/li>\n<li>\n\t\tChina Caixin Manufacturing PMI (Jan): 48.4 (exp 48.1 prev 48.2)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.5539 (prev 6.5516)\n\t<\/li>\n<li>\n\t\tJapan Nikkei Manufacturing PMI (Jan, F): 52.3 (flash 52.4)\n\t<\/li>\n<li>\n\t\tJapan Vehicle Sales (YoY) Jan: 0.2% (prev 3.1%)\n\t<\/li>\n<li>\n\t\tAustralia AiG PMI (Jan): 51.5 (prev 51.9)\n\t<\/li>\n<li>\n\t\tAustralia TD Securities Inflation (MoM) Jan: 0.4% (prev 0.2%)\n\t<\/li>\n<li>\n\t\tAustralia TD Securities Inflation (YoY) Jan: 2.3% (prev 2.0%)\n\t<\/li>\n<li>\n\t\tIndia Nikkei Manufacturing PMI (Jan): 51.1 (prev 49.1)\n\t<\/li>\n<li>\n\t\tSouth Korea Nikkei Manufacturing PMI (Jan): 49.5 (prev 50.7)\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 127K vs. 137K short prior week\n\t<\/li>\n<li>\n\t\tGBP short 47K vs. 39K short prior week.\n\t<\/li>\n<li>\n\t\tJPY long 50K vs. 38K long prior week.\n\t<\/li>\n<li>\n\t\tCAD short 67K vs. 66K short prior week.\n\t<\/li>\n<li>\n\t\tCHF short 4K vs. 1K long prior week.\n\t<\/li>\n<li>\n\t\tAUD short 33K vs. 36K short prior week.\n\t<\/li>\n<li>\n\t\tNZD short 5K vs. 3K short prior week.\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar weakened slightly overnight. EUR\/USD started the new trading week at 1.0815 and managed to recover to 1.0850, while GBP\/USD rose from 1.4230 to a high of 1.4265. Meanwhile, USD\/JPY remained well bid along with the Nikkei. It opened around 121.15 in Sydney and consolidated in a 121.10-50 range.\n<\/p>\n<p>\n\tThe Aussie Dollar fell after weaker than expected Chinese PMI data, but eventually recovered and made it back to 0.7085. Similar price action was seen in NZD\/USD, which fell to 0.6450 in the early Asian session, but then rose back to 0.6485.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:15 GMT &#8211; Spanish Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:45 GMT &#8211; Italian Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:50 GMT &#8211; French Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:55 GMT &#8211; German Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Manufacturing PMI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Personal Income\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Personal Spending\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Core PCE Price Index\n\t<\/li>\n<li>\n\t\t14.45 GMT &#8211; US Manufacturing PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US ISM Manufacturing PMI\n\t<\/li>\n<li>\n\t\t16:00 GMT &#8211; ECB President Draghi speaks\n\t<\/li>\n<li>\n\t\t18:00 GMT &#8211; FOMC Member Fischer speaks\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, February 2nd<\/u>\n<\/p>\n<ul>\n<li>\n\t\t<strong>03:30 GMT &#8211; RBA Interest Rate Decision<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>03:30 GMT &#8211; RBA Monetary Policy Statement<\/strong>\n\t<\/li>\n<li>\n\t\t08:15 GMT &#8211; Swiss Retail Sales\n\t<\/li>\n<li>\n\t\t08:55 GMT &#8211; German Employment Change\n\t<\/li>\n<li>\n\t\t08:55 GMT &#8211; German Unemployment Rate\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Construction PMI\n\t<\/li>\n<li>\n\t\t<strong>10:00 GMT &#8211; SNB Chairman Jordan speaks<\/strong>\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Unemployment Rate\n\t<\/li>\n<li>\n\t\t18:00 GMT &#8211; FOMC Member George speaks\n\t<\/li>\n<li>\n\t\t<strong>21:45 GMT &#8211; New Zealand Employment Change<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>21:45 GMT &#8211; New Zealand Unemployment Rate<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>23:45 GMT &#8211; RBNZ Governor Wheeler speaks<\/strong>\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, February 3rd<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; Australian Trade Balance\n\t<\/li>\n<li>\n\t\t<strong>04:30 GMT &#8211; Bank of Japan Governor Kuroda speaks<\/strong>\n\t<\/li>\n<li>\n\t\t08:15 GMT &#8211; Spanish Services PMI\n\t<\/li>\n<li>\n\t\t08:45 GMT &#8211; Italian Services PMI\n\t<\/li>\n<li>\n\t\t08:50 GMT &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:55 GMT &#8211; German Services 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 Services PMI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Italian CPI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Retail Sales\n\t<\/li>\n<li>\n\t\t<strong>13:15 GMT &#8211; US ADP Nonfarm Employment Change<\/strong>\n\t<\/li>\n<li>\n\t\t14:45 GMT &#8211; US Services PMI\n\t<\/li>\n<li>\n\t\t<strong>15:00 GMT &#8211; US ISM Non-Manufacturing PMI<\/strong>\n\t<\/li>\n<li>\n\t\t15:30 GMT &#8211; US Crude Oil Inventories\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, February 4th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; Australian NAB Business Confidence\n\t<\/li>\n<li>\n\t\t08:00 GMT &#8211; ECB President Draghi speaks\n\t<\/li>\n<li>\n\t\t<strong>12:00 GMT &#8211; Bank of England Interest Rate Decision<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>12:00 GMT &#8211; Bank of England Meeting Minutes<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>12:45 GMT &#8211; Bank of England Governor Carney speaks<\/strong>\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Factory Orders\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, February 5th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; Australian Retail Sales\n\t<\/li>\n<li>\n\t\t05:00 GMT &#8211; Japanese Leading Index\n\t<\/li>\n<li>\n\t\t07:45 GMT &#8211; French Trade Balance\n\t<\/li>\n<li>\n\t\t<strong>13:30 GMT &#8211; US Nonfarm Payrolls<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>13:30 GMT &#8211; US Average Hourly Earnings<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>13:30 GMT &#8211; US Unemployment Rate<\/strong>\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian Trade Balance\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; Canadian Ivey PMI\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 1.70 %, Shanghai Composite fell 1.80 %, Hang Seng declined 0.95 %, ASX gained 0.70 % Commodities: Gold at $1122 (+0.50 %), Silver at $14.30 (+0.45 %), WTI Oil at $33.10 (-1.55 %), Brent Oil at $35.35 (-1.75 %) Rates: US 10 year yield at 1.91, UK 10 &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-1st-february-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 1st February: 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-16030","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\/16030","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=16030"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16030\/revisions"}],"predecessor-version":[{"id":16031,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16030\/revisions\/16031"}],"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=16030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}