{"id":16105,"date":"2016-02-09T10:42:08","date_gmt":"2016-02-09T05:12:08","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16105"},"modified":"2016-02-09T10:42:08","modified_gmt":"2016-02-09T05:12:08","slug":"tuesday-9th-february-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-9th-february-european-open-briefing\/","title":{"rendered":"Tuesday 9th 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 (-5.30 %), ASX 200 (-2.80 %), Shanghai Composite and Hang Seng closed for holiday\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1193 (-0.40 %), Silver at $15.37 (-0.40 %), WTI Oil at $30.09 (+1.30 %), Brent Oil at $33.05 (+0.55 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.69, UK 10 year yield at 1.42, German 10 year yield at 0.22\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>News &amp; Data:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tAustralia ANZ Roy Morgan Weekly Consumer Confidence Index (W\/E 7 Feb): 111.4 (prev 111.2)\n\t<\/li>\n<li>\n\t\tJapan Money Stock M2 (YoY) Jan: 3.2% (exp 3.1% prev 3.0%)\n\t<\/li>\n<li>\n\t\tJapan Money Stock M3 (YoY) Jan: 2.5% (exp 2.5% prev 2.5%)\n\t<\/li>\n<li>\n\t\tUK BRC Sales Like-For-Like (YoY) Jan: 2.6% (exp 0.3% prev 0.1%)\n\t<\/li>\n<li>\n\t\tAustralia NAB Business Conditions (Jan): 6 (prev rev 6)\n\t<\/li>\n<li>\n\t\tAustralia NAB Business Confidence (Jan): 2 (prev rev 2)\n\t<\/li>\n<li>\n\t\tStocks dumped for safe havens as bank fears flare &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar falls under 115 yen to lowest level since Nov 2014 &#8211; RTRS\n\t<\/li>\n<li>\n\t\tGrowth worries, rate hike uncertainty pull Wall Street down &#8211; RTRS\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>Markets Update:<\/strong>\n<\/p>\n<p>\n\tIt&#39;s risk-off once again with equities tumbling and USD\/JPY falling to the lowest price since November 2014. The sell-off began yesterday as the pair tumbled from 117.45 to a low of 115.20. It eventually finished the trading day around 115.80, but got under renewed pressure as Tokyo opened and heavy selling pushed it to a fresh low of 114.21.\n<\/p>\n<p>\n\tThe Euro is benefiting from the risk aversion in global markets and rose to a high of 1.1237, just 6 pips shy of last week&#39;s high. Should it take out the 1.1243 level, a test of 1.15 seems likely.\n<\/p>\n<p>\n\tGBP\/USD declined almost 200 pips yesterday, but was quiet in Asia and consolidated in a 1.4415-40 range. GBP also suffered from the cross flows as EUR\/GBP rallied from 0.7660 to 0.7780 yesterday. Should 0.78 be taken out, there is not much resistance until 0.80.\n<\/p>\n<p>\n\tPrice action in the commodity currencies was surprisingly calm compared to the volatility in other major pairs. AUD\/USD fell from 0.7070 to 0.7020 in Asia, while NZD\/USD declined from 0.6620 to 0.6575. The key support levels to watch are now 0.70 in AUD\/USD and 0.6550 in NZD\/USD.\n<\/p>\n<p>\n\t<strong>Upcoming Events:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\t06:45 GMT &#8211; Swiss Unemployment Rate\n\t<\/li>\n<li>\n\t\t07:00 GMT &#8211; German Trade Balance\n\t<\/li>\n<li>\n\t\t07:00 GMT &#8211; German Industrial Production\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<li>\n\t\t15:00 GMT &#8211; US Wholesale Inventories\n\t<\/li>\n<li>\n\t\t21:35 GMT &#8211; US API Weekly Crude Oil Stock\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei (-5.30 %), ASX 200 (-2.80 %), Shanghai Composite and Hang Seng closed for holiday Commodities: Gold at $1193 (-0.40 %), Silver at $15.37 (-0.40 %), WTI Oil at $30.09 (+1.30 %), Brent Oil at $33.05 (+0.55 %) Rates: US 10 year yield at 1.69, UK 10 year yield at &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-9th-february-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 9th 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-16105","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\/16105","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=16105"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16105\/revisions"}],"predecessor-version":[{"id":16106,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16105\/revisions\/16106"}],"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=16105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}