{"id":16610,"date":"2016-03-31T10:03:48","date_gmt":"2016-03-31T04:33:48","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16610"},"modified":"2016-03-31T10:03:48","modified_gmt":"2016-03-31T04:33:48","slug":"thursday-31st-march-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/thursday-31st-march-european-open-briefing\/","title":{"rendered":"Thursday 31st 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 up 0.05 %, Shanghai Composite gained 0.40 %, Hang Seng fell 0.05 %, ASX 200 rose 1.30 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1229 (+0.05 %), Silver at $15.25 (+0.20 %), WTI Oil at $37.90 (-1.10 %), Brent Oil at $39.75 (-0.75 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.81, UK 10 year yield at 1.43, German 10 year yield at 0.16\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia HIA New Home Sales (MoM) Feb: -5.3% (prev rev 0.6%)\n\t<\/li>\n<li>\n\t\tAustralia Job Vacancies (QoQ) Feb 2.7%: (prev 3.5%)\n\t<\/li>\n<li>\n\t\tAustralia Private Sector Credit (MoM) Feb: 0.6% (exp 0.5% prev 0.5%)\n\t<\/li>\n<li>\n\t\tAustralia Private Sector Credit (YoY) Feb: 6.6% (exp 6.5% prev 6.5%)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Business Outlook: 29.4 (prev 25.5)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Business Confidence: 3.2 (prev 7.1)\n\t<\/li>\n<li>\n\t\tNew Zealand Money Supply M3 (YoY) Feb: 7.3% (prev 7.6%)\n\t<\/li>\n<li>\n\t\tSouth Korea Industrial Production SA (MoM) Feb: 3.3% (exp 0.0% prev rev -2.1%)\n\t<\/li>\n<li>\n\t\tSouth Korea Industrial Production (YoY) Feb: 2.4% (exp -0.2% prev rev -2.2%)\n\t<\/li>\n<li>\n\t\tUK GfK Consumer Confidence (Mar): 0 (exp -1 prev 0)\n\t<\/li>\n<li>\n\t\tUK Lloyds Business Barometer (Mar): 43 (prev 28)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan At 6.4612 (prev 6.4841)\n\t<\/li>\n<li>\n\t\tMoody&rsquo;s: Australia&#39;s GDP Growth Will Likely Be Towards The Upper End Of Our 1.5% To 2.5% Forecast Range For 2016\n\t<\/li>\n<li>\n\t\tAsia edges up to four-month high after Wall Street gains, dollar sags &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil falls as U.S. crude stocks hit record for seventh successive week &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar recovered slightly overnight after another day of losses. EUR\/USD, which reached a high of 1.1365 yesterday, fell to a low of 1.1310 in Asia and is currently consolidating near that level. Support is now seen at 1.1285 and 1.1220. GBP\/USD also gave up some of its gains as it declined from 1.4460 to 1.4328. Brexit worries continue to weigh on the Pound and the topside in GBP\/USD seems limited ahead of the vote.\n<\/p>\n<p>\n\tUSD\/JPY price action was choppy. It rallied from 112.25 to 112.65, but quickly reversed gains and fell back to 112.35 and eventually settled in a 112.35-50 range for the rest of the session. Bank of Japan Governor Kuroda was speaking earlier, but did not reveal anything new, so it had no impact on markets.\n<\/p>\n<p>\n\tAUD\/USD fell from 0.7670 in the early Asian session to 0.7640 and support is seen at 0.7615 and 0.7590. Meanwhile, NZD\/USD almost reached 0.70 yesterday, but ran out of momentum and overnight, it declined to a low of 0.6890. The pair remains bid however and further gains seem likely. The key support levels are 0.6875, 0.6840 and 0.68.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t06:00 BST &#8211; Japan Housing Starts\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German Retail Sales\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; French Consumer Spending\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; French PPI\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; Spanish CPI\n\t<\/li>\n<li>\n\t\t08:55 BST &#8211; German Unemployment Change\n\t<\/li>\n<li>\n\t\t08:55 BST &#8211; German Unemployment Rate\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK GDP\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Current Account\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Italian CPI\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone CPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian GDP\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Chicago PMI\n\t<\/li>\n<li>\n\t\t23:30 BST &#8211; Australia AIG Manufacturing Index\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.05 %, Shanghai Composite gained 0.40 %, Hang Seng fell 0.05 %, ASX 200 rose 1.30 % Commodities: Gold at $1229 (+0.05 %), Silver at $15.25 (+0.20 %), WTI Oil at $37.90 (-1.10 %), Brent Oil at $39.75 (-0.75 %) Rates: US 10 year yield at 1.81, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/thursday-31st-march-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 31st 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-16610","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\/16610","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=16610"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16610\/revisions"}],"predecessor-version":[{"id":16611,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16610\/revisions\/16611"}],"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=16610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}