{"id":16103,"date":"2016-02-08T10:48:52","date_gmt":"2016-02-08T05:18:52","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16103"},"modified":"2016-02-08T10:48:52","modified_gmt":"2016-02-08T05:18:52","slug":"monday-8th-february-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-8th-february-european-open-briefing\/","title":{"rendered":"Monday 8th 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 down 0.75 %, ASX 200 up 0.05 %, Shanghai Composite and Hang Seng closed for holiday\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1167 (+0.80 %), Silver at $14.92 (+0.95 %), WTI Oil at $31.10 (+0.60 %), Brent Oil at $34.30 (+0.70 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.87, UK 10 year yield at 1.55, German 10 year yield at 0.29\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan BoP Current Account Balance (Dec): JPY 960.7bln (exp JPY 1051.7bln prev JPY 1143.5bln)\n\t<\/li>\n<li>\n\t\tJapan BoP Trade Balance (Dec): JPY 188.7bln (exp JPY 305.3bln prev JPY -271.5bln)\n\t<\/li>\n<li>\n\t\tJapan Labour Cash Earnings (YoY) Dec: 0.1% (exp 0.7% prev 0.0%)\n\t<\/li>\n<li>\n\t\tAustralia ANZ Job Advertisements (MoM) Jan: 1.0% (prev -0.1%)\n\t<\/li>\n<li>\n\t\tChina FX Reserves (Jan): USD 3.2309tln (exp USD 3.2100tln prev USD 3.3300tln)\n\t<\/li>\n<li>\n\t\tChina Gold Reserves (Jan): USD 63.6bln (prev USD 60.2bln)\n\t<\/li>\n<li>\n\t\tSaudi\/Venezuela Meeting Ends With No Oil-Production Agreement &#8212; WSJ\n\t<\/li>\n<li>\n\t\tIran Currently Exporting 300,000 Bpd Of Oil To Europe &#8212; Press TV\n\t<\/li>\n<li>\n\t\tPBoC To Explore Rate Corridor In Step Toward Liberalisation &#8212; BBG\n\t<\/li>\n<li>\n\t\tSwiss EconMin Schneider-Ammann: Low Unemployment Won&#39;t Continue &#8212; Swiss Info\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&nbsp; 87K vs. 127K short prior week\n\t<\/li>\n<li>\n\t\tGBP short 45K vs. 47K short prior week\n\t<\/li>\n<li>\n\t\tJPY long 37K vs. 50K long prior week\n\t<\/li>\n<li>\n\t\tCAD short 52K vs. 67K short prior week\n\t<\/li>\n<li>\n\t\tCHF short 5K vs. 4K short prior week\n\t<\/li>\n<li>\n\t\tAUD short 26K vs. 33K short prior week.\n\t<\/li>\n<li>\n\t\tNZD short 8K vs. 5K short prior week\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tMarkets were quiet overnight, with no major data releases or events and markets in China, Singapore and Hong Kong closed for the Lunar New Year holiday. EUR\/USD traded in a 1.1128-49 range, while GBP\/USD consolidated between 1.4480 and 1.4515. USD\/JPY started the new trading week at 116.800 and rallied to 117.35, supported by gains in the Nikkei. Commodity currencies also recovered slightly, with the AUD\/USD rising from 0.7060 to 0.7105 and NZD\/USD from 0.6615 to 0.6645. USD\/CAD fell to a low of 1.3868 overnight as oil prices rose.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:30 GMT &#8211; Euro Zone Sentix Investor Confidence\n\t<\/li>\n<li>\n\t\t13:15 GMT &#8211; Canadian Housing Starts\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian Building Permits\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US CB Employment Trends Index\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Fed Labour Market Conditions Index\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, February 11th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:00 GMT &#8211; Australia HIA New Home Sales\n\t<\/li>\n<li>\n\t\t00:30 GMT &#8211; Australia NAB Business Confidence\n\t<\/li>\n<li>\n\t\t06:45 GMT &#8211; Swiss Unemployment Rate\n\t<\/li>\n<li>\n\t\t07:00 GMT &#8211; German Industrial Production\n\t<\/li>\n<li>\n\t\t07:00 GMT &#8211; German Trade Balance\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Trade Balance\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US JOLTs Job Openings\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, February 10th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t07:45 GMT &#8211; French Current Account\n\t<\/li>\n<li>\n\t\t07:45 GMT &#8211; French Industrial Production\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Norwegian CPI\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Industrial Production\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Manufacturing Production\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; Fed Chair Yellen testifies\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, February 11th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t08:15 GMT &#8211; Swiss CPI\n\t<\/li>\n<li>\n\t\t08:30 GMT &#8211; Swedish Central Bank Rate Decision\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian New Housing Price Index\n\t<\/li>\n<li>\n\t\t22:30 GMT &#8211; RBA Governor Stevens speaks\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, February 12th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; Australia Home Loans\n\t<\/li>\n<li>\n\t\t07:00 GMT &#8211; German CPI\n\t<\/li>\n<li>\n\t\t07:00 GMT &#8211; German GDP\n\t<\/li>\n<li>\n\t\t08:00 GMT &#8211; Spanish CPI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Italian GDP\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Industrial Production\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone GDP\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Retail Sales\n\t<\/li>\n<li>\n\t\t14:55 GMT &#8211; US Michigan Consumer Confidence\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.75 %, ASX 200 up 0.05 %, Shanghai Composite and Hang Seng closed for holiday Commodities: Gold at $1167 (+0.80 %), Silver at $14.92 (+0.95 %), WTI Oil at $31.10 (+0.60 %), Brent Oil at $34.30 (+0.70 %) Rates: US 10 year yield at 1.87, UK 10 year &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-8th-february-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 8th 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-16103","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\/16103","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=16103"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16103\/revisions"}],"predecessor-version":[{"id":16104,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16103\/revisions\/16104"}],"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=16103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}