{"id":16068,"date":"2016-02-05T10:48:53","date_gmt":"2016-02-05T05:18:53","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16068"},"modified":"2016-02-05T10:48:53","modified_gmt":"2016-02-05T05:18:53","slug":"friday-5th-february-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-5th-february-european-open-briefing\/","title":{"rendered":"Friday 5th February: European Open Briefing"},"content":{"rendered":"<p>\n\t<strong>Global Markets:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei down 2.15 %, Shanghai Composite lost 0.10 %, Hang Seng gained 0.50 %, ASX 200 fell 0.20 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1156 (-0.15 %), Silver at $14.87 (+0.10 %), WTI Oil at $31.70 (-0.05 %), Brent Oil at $34.34 (-0.35 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.84, UK 10 year yield at 1.57, German 10 year yield at 0.31\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>News &amp; Data:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tAustralia Retail Sales (MoM) Dec: 0.0% (exp 0.4% prev 0.4%)\n\t<\/li>\n<li>\n\t\tAustralia Retail Sales Ex-Inflation (QoQ) Dec: 0.6% (exp 0.9% prev 0.6%)\n\t<\/li>\n<li>\n\t\tAustralia PCI (Jan): 46.3 (prev 46.8)\n\t<\/li>\n<li>\n\t\tRBA SoMP: Growth &amp; Inflation Forecasts Unchanged\n\t<\/li>\n<li>\n\t\tRBA SoMP: Non-Mining Business Investment Outlook Subdued Near Term\n\t<\/li>\n<li>\n\t\tRBA SoMP: Revises Down Forecast Terms Of Trade A Little Further\n\t<\/li>\n<li>\n\t\tRBA SoMP: China Outlook A Key Source Of Uncertainty For Forecasts\n\t<\/li>\n<li>\n\t\tFed&rsquo;s Mester: See A Little More In Terms Of Downside Risks To US Economy\n\t<\/li>\n<li>\n\t\tMester: Inflation Expectations Still Stable Despite Lower Oil\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.5314 (prev 6.5419)\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>Markets Update:<\/strong>\n<\/p>\n<p>\n\tIn the Asian session, the USD weakened further, while the Canadian Dollar was the best performing currency. USD\/CAD fell from 1.3760 to 1.3722 in Asia and a retest of 1.3640 seems likely in the short-term. USD\/JPY also extended losses overnight as it declined from 117.00 at the Tokyo open to a low of 116.55 later in the session. There is no notable support until 116.00 and a break below would then pave the way for a 115 test.\n<\/p>\n<p>\n\tEUR\/USD was caught in a tight range and traded 1.1190-1.1215 in Asia, while GBP\/USD was consolidating between 1.4560 and 1.4590. Volatility is likely to remain low in the European session, as traders are waiting for US employment data at 13:30 GMT. The market is expecting a 190k print for NFP, while the unemployment rate is expected to remain unchanged at 5.0 %.\n<\/p>\n<p>\n\t<strong>Upcoming Events:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\t07:45 GMT &#8211; French Trade Balance\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Nonfarm Payrolls\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Average Hourly Earnings\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Unemployment Rate\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 down 2.15 %, Shanghai Composite lost 0.10 %, Hang Seng gained 0.50 %, ASX 200 fell 0.20 % Commodities: Gold at $1156 (-0.15 %), Silver at $14.87 (+0.10 %), WTI Oil at $31.70 (-0.05 %), Brent Oil at $34.34 (-0.35 %) Rates: US 10 year yield at 1.84, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-5th-february-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 5th 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-16068","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\/16068","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=16068"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16068\/revisions"}],"predecessor-version":[{"id":16069,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16068\/revisions\/16069"}],"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=16068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}