{"id":16245,"date":"2016-02-22T10:50:09","date_gmt":"2016-02-22T05:20:09","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16245"},"modified":"2016-02-22T12:21:54","modified_gmt":"2016-02-22T06:51:54","slug":"monday-22nd-february-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-22nd-february-european-open-briefing\/","title":{"rendered":"Monday 22nd 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 0.75 %, Shanghai Composite gained 2.05 %, Hang Seng rose 1.05 %, ASX 200 rallied 0.85 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1217.70 (-1.05 %), Silver at $15.24 (-0.90 %), WTI Oil at $32.30 (+1.75 %), Brent Oil at $33.45 (+1.30 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.77, UK 10 year yield at 1.42, 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 Nikkei Manufacturing Flash (Feb, P. 50.2 (prev 52.3)\n\t<\/li>\n<li>\n\t\tUK PM Cameron Sets June Date For EU Vote &#8212; BBC\n\t<\/li>\n<li>\n\t\tBoris Johnson Backs Campaign To Leave EU &#8212; Sky\n\t<\/li>\n<li>\n\t\tGulf Markets Lose Steam As Oil Deal Optimism Fades &#8212; GT\n\t<\/li>\n<li>\n\t\tJapanese FinMin Aso: Risk Aversion Spreading Through Markets &#8212; BBG\n\t<\/li>\n<li>\n\t\tBoJ Gov Kuroda: Risk Aversion Is Excessive, Wants To See How Market Moves Affect Japanese Economy &#8212; RTRS\n\t<\/li>\n<li>\n\t\tAsia shares edge ahead with oil, pound slips &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices stabilize on lower U.S. rig count, but global glut still weighs &#8211; RTRS\n\t<\/li>\n<li>\n\t\tBrent Oil Pares Losses as Russia Sees Output Talks Done by March &#8211; BBG\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 48K vs 63K short prior week.\n\t<\/li>\n<li>\n\t\tGBP short 36K vs. 36K short prior week\n\t<\/li>\n<li>\n\t\tJPY long 48K vs. 43K long prior week\n\t<\/li>\n<li>\n\t\tCAD short 45K vs. 52K short prior week\n\t<\/li>\n<li>\n\t\tCHF short 4K vs. 7K short prior week\n\t<\/li>\n<li>\n\t\tAUD long 3K vs. 6K short prior week\n\t<\/li>\n<li>\n\t\tNZD short 8K vs. 9K short prior week\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe British Pound fell sharply overnight after London Mayor Boris Johnson said that he will back the UK campaign to leave the European Union. GBP\/USD opened at 1.4260, down 140 pips from Friday&#39;s close at 1.44. GBP\/JPY opened at 160.50 vs. 162.00 on Friday evening, while EUR\/GBP started the new trading week at 0.7785, roughly 60 pips higher from the previous NY close.\n<\/p>\n<p>\n\tEUR\/USD traded in a 1.1105-25 range overnight and flows were light. USD\/JPY was supported by the rally in Asian equity markets and was able to rise to a high of 113.05 after the Tokyo open.\n<\/p>\n<p>\n\tThe commodity currencies extended their gains after Friday&#39;s rally. AUD\/USD climbed from 0.7140 at the open to a high of 0.7170, while NZD\/USD rose from 0.6625 to 0.6655. USD\/CAD fell from 1.3785 to 1.3750 and is under renewed pressure as oil prices have bounced once again.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:00 GMT &#8211; French Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:00 GMT &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:15 GMT &#8211; Swiss PPI\n\t<\/li>\n<li>\n\t\t08:30 GMT &#8211; German Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:30 GMT &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Italian CPI\n\t<\/li>\n<li>\n\t\t14:45 GMT &#8211; US Manufacturing PMI\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, February 23rd<\/u>\n<\/p>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German GDP\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; German IFO Business Climate\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Bank of England Governor Carney speaks\n\t<\/li>\n<li>\n\t\t11:15 GMT &#8211; SNB Chairman Jordan speaks\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; FOMC Member Fischer speaks\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US CB Consumer Confidence\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Existing Home Sales\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Richmond Manufacturing Index\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, February 24th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; Australia Wage price Index\n\t<\/li>\n<li>\n\t\t07:45 GMT &#8211; French Consumer Confidence\n\t<\/li>\n<li>\n\t\t13:00 GMT &#8211; FOMC Member Lacker speaks\n\t<\/li>\n<li>\n\t\t13:00 GMT &#8211; Bundesbank President Weidmann speaks\n\t<\/li>\n<li>\n\t\t14:45 GMT &#8211; US Services PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US New Home Sales\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Crude Oil Inventories\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, February 25th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; Australian Private CAPEX\n\t<\/li>\n<li>\n\t\t07:00 GMT &#8211; German GfK Consumer Confidence\n\t<\/li>\n<li>\n\t\t08:00 GMT &#8211; Spanish GDP\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK GDP\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone CPI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Italian Retail Sales\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Durable Goods Orders\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t14:00 GMT &#8211; US House Price Index\n\t<\/li>\n<li>\n\t\t21:45 GMT &#8211; New Zealand Trade Balance\n\t<\/li>\n<li>\n\t\t23:30 GMT &#8211; Japan CPI\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, February 26th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t07:45 GMT &#8211; French GDP\n\t<\/li>\n<li>\n\t\t07:45 GMT &#8211; French PPI\n\t<\/li>\n<li>\n\t\t08:00 GMT &#8211; Spanish CPI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Business Climate\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Consumer Confidence\n\t<\/li>\n<li>\n\t\t13:00 GMT &#8211; German CPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US GDP\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 Personal Income\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 up 0.75 %, Shanghai Composite gained 2.05 %, Hang Seng rose 1.05 %, ASX 200 rallied 0.85 % Commodities: Gold at $1217.70 (-1.05 %), Silver at $15.24 (-0.90 %), WTI Oil at $32.30 (+1.75 %), Brent Oil at $33.45 (+1.30 %) Rates: US 10 year yield at 1.77, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-22nd-february-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 22nd 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-16245","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\/16245","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=16245"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16245\/revisions"}],"predecessor-version":[{"id":16247,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16245\/revisions\/16247"}],"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=16245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}