{"id":16481,"date":"2016-03-18T10:50:08","date_gmt":"2016-03-18T05:20:08","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16481"},"modified":"2016-03-18T10:50:08","modified_gmt":"2016-03-18T05:20:08","slug":"friday-18th-march-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-18th-march-european-open-briefing\/","title":{"rendered":"Friday 18th March: 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 1.45 %, Shanghai Composite gained 1.90 %, Hang Seng rose 0.80 %, ASX 200 gained 0.40 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1264 (-0.05 %), Silver at $16.10 (+0.40 %), WTI Oil at $40.25 (+0.10 %), Brent Oil at $41.50 (-0.10 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.88, UK 10 year yield at 1.46, German 10 year yield at 0.23\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 ANZ Consumer Confidence (MoM) Mar: -1.40% (prev. -1.40%)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Consumer Confidence Index Mar: 118.0 (prev. 119.7)\n\t<\/li>\n<li>\n\t\tUSD\/CNY midpoint 6.4628 (prev. 6.4961)\n\t<\/li>\n<li>\n\t\tAll China New Home Prices (YoY) Feb: 3.6% (prev. 2.5%)\n\t<\/li>\n<li>\n\t\tBOJ toyed with idea of expanding QQE, decided to keep QQE and adopt negative rates &#8211; keeping powder dry\n\t<\/li>\n<li>\n\t\tAsia stocks, oil jump as dollar sags after Fed &#8211; RTRS\n\t<\/li>\n<li>\n\t\tU.S. oil hits 2016-high on hopes for output freeze &#8211; RTRS\n\t<\/li>\n<li>\n\t\tYen&#39;s Surge to Highest Since BOJ&#39;s 2014 Bazooka Unnerves Traders &#8211; BBG\n\t<\/li>\n<li>\n\t\tJapan 10-Year Yield Drops to Record, Below Negative Deposit Rate &#8211; BBG\n\t<\/li>\n<li>\n\t\tBOJ Minutes Show No Talk of More QQE Before Minus Rate Vote &#8211; BBG\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar extended losses yesterday, but was able to recover slightly in the Asian session. EUR\/USD fell from 1.1335 to 1.1305, while GBP\/USD retraced from 1.45 to a low of 1.4454. The rally in GBP\/USD looks overextended in the short-term and on-going worries about a potential Brexit are likely to cap further gains. Support is seen at 1.4350 and 1.4280, while resistance now lies at 1.4520 and 1.4580.\n<\/p>\n<p>\n\tUSD\/JPY has been under heavy pressure post-FOMC and while it has been able to bounce off the 110.80 level and climb to 111.45 overnight, the outlook is bearish. Key support now lies at 110 and a break below would then suggest a decline towards 107 is likely. To the topside, expect solid resistance at 111.60 and 112.00.\n<\/p>\n<p>\n\tAUD\/USD fell from 0.7680 to 0.7635 overnight, but remains well bid and strong support is seen at 0.7580\/90. NZD\/USD followed the Australian Dollar lower and declined from 0.6875 to 0.6825. Support is seen at 0.6820 and then 0.6775.\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\t12:30 GMT &#8211; Canadian CPI\n\t<\/li>\n<li>\n\t\t12:30 GMT &#8211; Canadian Retail Sales\n\t<\/li>\n<li>\n\t\t14:00 GMT &#8211; US Michigan Consumer Sentiment\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 1.45 %, Shanghai Composite gained 1.90 %, Hang Seng rose 0.80 %, ASX 200 gained 0.40 % Commodities: Gold at $1264 (-0.05 %), Silver at $16.10 (+0.40 %), WTI Oil at $40.25 (+0.10 %), Brent Oil at $41.50 (-0.10 %) Rates: US 10 year yield at 1.88, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-18th-march-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 18th March: 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-16481","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\/16481","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=16481"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16481\/revisions"}],"predecessor-version":[{"id":16483,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16481\/revisions\/16483"}],"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=16481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}