{"id":16298,"date":"2016-02-26T09:30:59","date_gmt":"2016-02-26T04:00:59","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16298"},"modified":"2016-02-26T09:57:29","modified_gmt":"2016-02-26T04:27:29","slug":"friday-26th-february-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-26th-february-european-open-briefing\/","title":{"rendered":"Friday 26th 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 0.96 %, Shangai Composite gained 0.45 %, Hang Seng rose 1.80 %, ASX 200 fell 0.10 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1237 (-0.15 %), Silver at $15.15 (-0.15 %), WTI Oil at $33.00 (-0.20 %), Brent Oil at $35.06 (-0.65 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.72, UK 10 year yield at 1.35, German 10 year yield at 0.13\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tNew Zealand Trade Balance (Jan): NZD 8 Mln (exp NZD -217 Mln prev NZD -53 Mln)\n\t<\/li>\n<li>\n\t\tUK GfK Consumer Confidence (Feb): 0 (exp 3 prev 4)\n\t<\/li>\n<li>\n\t\tHong Kong Trade Balance Jan: HKD -17.5 Bln (exp HKD -25.2 Bln prev rev HKD -45.7 Bln)\n\t<\/li>\n<li>\n\t\tBoE Gov Carney: Prolonged Period Of Low Rates Creates Stability Risks\n\t<\/li>\n<li>\n\t\tCarney: It&#39;s Wrong To Think Central Banks Are Out Of Ammunition\n\t<\/li>\n<li>\n\t\tCarney: World Risks Being Trapped With Low Growth, Inflation\n\t<\/li>\n<li>\n\t\tCarney: Low Rates Give More Room For Fiscal Policy If Needed &#8212; RTRS\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan At 6.5338 (prev 6.5318)\n\t<\/li>\n<li>\n\t\tAsia shares inch ahead as G20 talks, oil holds gains &#8211; RTRS\n\t<\/li>\n<li>\n\t\tChina seeks to manage economic reform expectations at G20 &#8211; RTRS\n\t<\/li>\n<li>\n\t\tEmerging Assets Find Relief as Commodities Rally With Currencies &#8211; BBG\n\t<\/li>\n<li>\n\t\tYen Halts Three-Week Advance as Traders Wait for G-20 Action &#8211; BBG\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar weakened overnight, as risk appetite among traders and investors improved. EUR\/USD rose from 1.1020 in the early Asian session to a high of 1.1070, while GBP\/USD climbed from 1.3950 to 1.4010. In GBP\/USD, key resistance is now seen at 1.4060 and 1.4155 and the pair is likely to struggle as Brexit fears continue to weigh on the Pound.\n<\/p>\n<p>\n\tUSD\/JPY was supported by the rise in equity indices and it rose from 112.70 to a high of 113.22 after the Tokyo open. The next notable resistance level lies at 113.40, followed by 114.00\/25. To the downside, expect intraday support at 112.50 and 112.10.\n<\/p>\n<p>\n\tThe commodity currencies recovered the losses from the previous few trading sessions. AUD\/USD climbed from 0.7210 to 0.7260 in Asia. So far, it is still struggling with 0.7260 resistance, but a break above would then pave the way for a 0.74 test. NZD\/USD already broke above the recent key resistance level that has capped the topside for the past two weeks &#8211; 0.6750. It rallied to a high of 0.6775 and further gains seems likely, with no significant tech resistance until 0.6885.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:45 GMT &#8211; French GDP\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 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 Income &amp; Spending\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Michigan Consumer Confidence\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.96 %, Shangai Composite gained 0.45 %, Hang Seng rose 1.80 %, ASX 200 fell 0.10 % Commodities: Gold at $1237 (-0.15 %), Silver at $15.15 (-0.15 %), WTI Oil at $33.00 (-0.20 %), Brent Oil at $35.06 (-0.65 %) Rates: US 10 year yield at 1.72, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-26th-february-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 26th 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-16298","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\/16298","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=16298"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16298\/revisions"}],"predecessor-version":[{"id":16300,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16298\/revisions\/16300"}],"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=16298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}