{"id":16233,"date":"2016-02-19T10:42:45","date_gmt":"2016-02-19T05:12:45","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16233"},"modified":"2016-02-19T10:43:41","modified_gmt":"2016-02-19T05:13:41","slug":"friday-19th-february-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-19th-february-european-open-briefing\/","title":{"rendered":"Friday 19th 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 2.05 %, Shanghai Composite fell 0.50 %, Hang Seng declined 0.55 %, ASX 200 lost 0.90 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1228.10 (+0.15 %), Silver at $15.40 (-0.20 %), WTI Oil at $30.45 (-1.00 %), Brent Oil at $33.95 (-1.00 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.72, UK 10 year yield at 1.43, German 10 year yield at 0.21\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan All Industry Activity Index (MoM) Dec: -0.9% (exp -0.3% prev rev -1.1%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate At 6.5186 (prev 6.5152)\n\t<\/li>\n<li>\n\t\tFed&rsquo;s Williams: Low Treasury Yields Largely Reflect Global Events &#8212; BBG\n\t<\/li>\n<li>\n\t\tWilliams: No Real Reason To Worry About State Of US Economy\n\t<\/li>\n<li>\n\t\tWilliams: Fed Has Options In A Downturn, Negative Rates A Tool\n\t<\/li>\n<li>\n\t\tWilliams: Headwinds Economy Faces Means Progress Won&#39;t Be Quick\n\t<\/li>\n<li>\n\t\tBoE&rsquo;s Weale: Would Be Surprised If Took As Long To Hike Rates As Market Expects &#8212; RTRS\n\t<\/li>\n<li>\n\t\tSouth Korea MoF: Wary Of Weakening Won &#8212; RTRS\n\t<\/li>\n<li>\n\t\tBoK: Increasingly Alert To KRW Weakness &#8212; BBG\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tMost major pairs consolidated overnight, due to the lack of data and events. EUR\/USD opened around 1.11 in Asia and was able to reach a high of 1.1130. Intraday support is seen at 1.1070, while resistance is noted at 1.1150\/60. Meanwhile, GBP\/USD was rejected at 1.4390 resistance and retraced earlier gains in the Asian session, falling to 1.4315.\n<\/p>\n<p>\n\tUSD\/JPY was offered as stocks declined again. The pair fell from 113.40 to 112.70 after the Tokyo open and consolidated between 112.70-113.00 for the rest of the session. Expect solid support at 112.50, while resistance now lies at 113.40 and 113.80.\n<\/p>\n<p>\n\tThe Australian Dollar came under renewed pressure and tumbled from 0.7165 to a low of 0.7093 in Asia. First support is seen at 0.7070, but the key level remains 0.70. The Canadian Dollar weakened overnight, as oil prices retraced. USD\/CAD, which traded as low as 1.3650 in yesterday&#39;s EU session, rose to a high of 1.3780.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German PPI\n\t<\/li>\n<li>\n\t\t08:30 GMT &#8211; Swedish Unemployment Rate\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Retail Sales\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US CPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Core CPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian CPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian Retail Sales\n\t<\/li>\n<li>\n\t\t20:30 GMT &#8211; CFTC Positioning Data\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 2.05 %, Shanghai Composite fell 0.50 %, Hang Seng declined 0.55 %, ASX 200 lost 0.90 % Commodities: Gold at $1228.10 (+0.15 %), Silver at $15.40 (-0.20 %), WTI Oil at $30.45 (-1.00 %), Brent Oil at $33.95 (-1.00 %) Rates: US 10 year yield at 1.72, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-19th-february-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 19th 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-16233","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\/16233","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=16233"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16233\/revisions"}],"predecessor-version":[{"id":16234,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16233\/revisions\/16234"}],"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=16233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}