{"id":16521,"date":"2016-03-23T10:47:45","date_gmt":"2016-03-23T05:17:45","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16521"},"modified":"2016-03-23T10:47:45","modified_gmt":"2016-03-23T05:17:45","slug":"wednesday-23rd-march-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/wednesday-23rd-march-european-open-briefing\/","title":{"rendered":"Wednesday 23rd 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 0.10 %, Shanghai Composite fell 0.30 %, Hang Seng declined 0.25 %, ASX 200 lost 0.45 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1234 (-1.10 %), Silver at $15.77 (-0.75 %), WTI Oil at $40.98 (-1.15 %), Brent Oil at $41.42 (-0.90 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.94, UK 10 year yield at 1.45, 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\tPBoC Fixes Yuan At 6.4936 (prev 6.4971)\n\t<\/li>\n<li>\n\t\tBank of Japan&#39;s Funo: Will Use All 3 Easing Measures To Achieve Price Target &#8212; BBG\n\t<\/li>\n<li>\n\t\tFuno: Vital BoJ Proceeds With Monetary Easing\n\t<\/li>\n<li>\n\t\tFuno: Must Achieve Inflation Goal, Balanced With Growth &amp; Wage Increases &#8212; RTRS\n\t<\/li>\n<li>\n\t\tBoJ&#39;s Funo: Expect CPI To Reach 2% Around H1 Of FY2017\n\t<\/li>\n<li>\n\t\tJapanese FinMin Aso: May Take More Than 3 Months to See Effects Of BoJ&rsquo;s NIRP &#8212; BBG\n\t<\/li>\n<li>\n\t\tBoJ Gov Kuroda: BoJ Expects Small Impact From 2017 Tax Hike &#8212; BBG\n\t<\/li>\n<li>\n\t\tKuroda: BoJ Will Manage Monetary Policy Appropriately\n\t<\/li>\n<li>\n\t\tKuroda: Economic Environment Is Set For Wage Growth\n\t<\/li>\n<li>\n\t\tIEA: Oil Market Will Balance In 2017, Stockpiles To Fall 2018-2021 &#8212; BBG\n\t<\/li>\n<li>\n\t\tIEA: Doha Meeting Wont Impact Supplies &#8212; BBG\n\t<\/li>\n<li>\n\t\tDollar edges down, underpinned by Fed rate talk &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tOvernight, the US Dollar strengthened against most major currencies, while Asian stock markets and Gold fell. Gold had a sharp decline around 04:00 GMT, when stops below $1240 were triggered and price fell to a low of $1231. Silver fell from $15.88 to $15.72.\n<\/p>\n<p>\n\tEUR\/USD started the new trading day around 1.1225 but then declined to 1.1205 as the USD strengthened across the board. Meanwhile, GBP\/USD fell from 1.4225 to 1.4195 and remains under pressure as the market seems to think that yesterday&#39;s terrorist attack have increased the chance of a Brexit. The next notable support level now lies at 1.4120, followed by 1.4050.\n<\/p>\n<p>\n\tUSD\/JPY is still struggling with 112.50 resistance and consolidated in a 112.15-47 range overnight. Should it break above 112.50, resistance is then seen at 113.0 and 113.80. USD\/CAD remains surprisingly quiet, given the price action in oil. The pair briefly broke above 1.31 yesterday morning, but eventually settled again in a 1.3030-60 range. Overnight, it rose from 1.3050 to 1.3090.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:00 GMT &#8211; Spanish PPI\n\t<\/li>\n<li>\n\t\t10:00 GMT &ndash; Swiss ZEW Economic Expectations\n\t<\/li>\n<li>\n\t\t12:40 GMT &ndash; German Central Bank President Weidmann speaks\n\t<\/li>\n<li>\n\t\t14:00 GMT &#8211; US New Home Sales\n\t<\/li>\n<li>\n\t\t14:30 GMT &#8211; US Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t21:45 GMT &#8211; New Zealand Trade Balance\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.10 %, Shanghai Composite fell 0.30 %, Hang Seng declined 0.25 %, ASX 200 lost 0.45 % Commodities: Gold at $1234 (-1.10 %), Silver at $15.77 (-0.75 %), WTI Oil at $40.98 (-1.15 %), Brent Oil at $41.42 (-0.90 %) Rates: US 10 year yield at 1.94, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/wednesday-23rd-march-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 23rd 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-16521","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\/16521","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=16521"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16521\/revisions"}],"predecessor-version":[{"id":16523,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16521\/revisions\/16523"}],"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=16521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}