{"id":16248,"date":"2016-02-23T10:28:23","date_gmt":"2016-02-23T04:58:23","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16248"},"modified":"2016-02-23T10:28:23","modified_gmt":"2016-02-23T04:58:23","slug":"tuesday-23rd-february-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-23rd-february-european-open-briefing\/","title":{"rendered":"Tuesday 23rd 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 0.25 %, Shanghai Composite fell 1.25 %, Hang Seng declined 0.60 %, ASX 200 lost 0.35 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1221 (+0.95 %), Silver at $15.30 (+0.80 %), WTI Oil at $32.95 (-1.35 %), Brent Oil at $34.25 (-1.30 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.73, UK 10 year yield at 1.39, German 10 year yield at 0.18\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia ANZ Roy Morgan Weekly Consumer Confidence Index (W\/E 21 Feb): 114.3 (prev 113.6)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan At 6.5273 (prev 6.5165)\n\t<\/li>\n<li>\n\t\tJapanese EconMin Ishihara: Not Engaged In Currency Wars\n\t<\/li>\n<li>\n\t\tAsian shares surrender gains as oil prices retreat &#8211; RTRS\n\t<\/li>\n<li>\n\t\tWall St lifted by muscular oil rally but some still skittish &#8211; RTRS\n\t<\/li>\n<li>\n\t\tYen gains as risky assets lose traction, pound and euro shaky &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tGBP\/USD extended losses overnight after renewed Brexit worries pushed the British Pound lower. The pair fell from 1.4150 in early Sydney to a low of 1.4106. Immediate support is seen at 1.4050, while the key level remains 1.40. A break below would then suggest a test of the 2009 lows around 1.37 is likely.\n<\/p>\n<p>\n\tEUR\/USD fell in sympathy with the Pound and tumbled from 1.1120 to a low of 1.10 yesterday. In Asia, it recovered slightly and rose to 1.1050. Resistance is now seen at 1.1080 and 1.1140, while support lies at 1.0980 and 1.0950.\n<\/p>\n<p>\n\tUSD\/JPY fell along with equities and price action was choppy in Asia. It opened around 113 in Sydney, but came under heavy selling pressure after the Tokyo open, falling to 112.00.\n<\/p>\n<p>\n\tThe commodity currencies remain bid, with AUD\/USD rising to 0.7244 overnight, while NZD\/USD climbed to 0.6715.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\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","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.25 %, Shanghai Composite fell 1.25 %, Hang Seng declined 0.60 %, ASX 200 lost 0.35 % Commodities: Gold at $1221 (+0.95 %), Silver at $15.30 (+0.80 %), WTI Oil at $32.95 (-1.35 %), Brent Oil at $34.25 (-1.30 %) Rates: US 10 year yield at 1.73, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-23rd-february-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 23rd 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-16248","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\/16248","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=16248"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16248\/revisions"}],"predecessor-version":[{"id":16249,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16248\/revisions\/16249"}],"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=16248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}