{"id":16630,"date":"2016-04-04T10:26:30","date_gmt":"2016-04-04T04:56:30","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16630"},"modified":"2016-04-04T10:26:30","modified_gmt":"2016-04-04T04:56:30","slug":"monday-4th-april-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-4th-april-european-open-briefing\/","title":{"rendered":"Monday 4th April: 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 0.40 %, ASX 200 gained 0.60 %, Shanghai Composite and Hang Seng closed for holiday\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1220 (-0.35 %), Silver at $15.05 (-0.05 %), WTI Oil at $36.35 (-1.15 %), Brent Oil at $38.30 (-0.90 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.76, UK 10 year yield at 1.41, 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\tAustralian Retail Sales (MoM) Feb: 0.0% (est 0.4%, prev 0.3%)\n\t<\/li>\n<li>\n\t\tAustralian Building Approvals (MoM) Feb: 3.1% (est 2.5%, prev -7.5%, rev -6.6%)\n\t<\/li>\n<li>\n\t\tAustralian Building Approvals (YoY) Feb: -9.0% (est -9.1%, prev -15.5%)\n\t<\/li>\n<li>\n\t\tAustralian Melbourne Institute Inflation Gauge (MoM) Mar: 0.0% (Prev -0.2%) Australian Melbourne Institute Inflation Gauge (YoY) Mar: 1.7% (Prev 2.1%)\n\t<\/li>\n<li>\n\t\tAustralian ANZ Job Advertisements (MoM) Mar 0.2% (prev -1.2%)\n\t<\/li>\n<li>\n\t\tNew Zealand Westpac Employment Confidence 104.8 (Prev 101.5)\n\t<\/li>\n<li>\n\t\tJapanese Monetary Base (YoY) Mar: 28.5% (Prev 29.0%)\n\t<\/li>\n<li>\n\t\tJapanese Monetary Base End of Period (JPY) Mar: 375.7tln (Prev 358.8tln)\n\t<\/li>\n<li>\n\t\tBoJ Price Expectations Survey: Companies see 0.8 % CPI in 1 year (prev 1.0 %)\n\t<\/li>\n<li>\n\t\tRussian Oil Output Rises to Record as Freeze in Doubt &#8211; BBG\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>CFTC Positioning Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tEUR short 64K vs. 66k short prior week\n\t<\/li>\n<li>\n\t\tGBP short 40K vs. 38K short prior week\n\t<\/li>\n<li>\n\t\tJPY long 54K vs. 53K long prior week\n\t<\/li>\n<li>\n\t\tCAD short 6K vs. 15k short prior week\n\t<\/li>\n<li>\n\t\tCHF long 5K vs. 4K long prior week\n\t<\/li>\n<li>\n\t\tAUD long 23K vs. 18K long prior week\n\t<\/li>\n<li>\n\t\tNZD long 2K vs. 1K long prior week\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar strengthened against the commodity currencies overnight, while it remained steady against the Euro and British Pound. AUD\/USD fell from 0.7670 to 0.7630 after weaker than expected retail sales data. NZD\/USD got dragged lower by this as well and declined from 0.69 to 0.6870. Meanwhile, the drop in oil prices at yesterday&#39;s open pushed the USD\/CAD to a high of almost 1.3050, up roughly 30 pips on the day.\n<\/p>\n<p>\n\tEUR\/USD was quiet overnight and traded in a 1.1385-1.1410 range, while GBP\/USD consolidated between 1.4215 and 1.4240. USD\/JPY fell along with the Nikkei and reached a low of 111.35, down 40 pips from Sunday&#39;s open.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:30 BST &#8211; UK Construction PMI\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone PPI\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone Unemployment Rate\n\t<\/li>\n<li>\n\t\t14:30 BST &#8211; FOMC Member Rosengren speaks\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Factory Orders\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; Bank of Canada Governor Poloz speaks\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, April 5th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 BST &#8211; Australian AIG Services Index\n\t<\/li>\n<li>\n\t\t01:00 BST &#8211; FOMC Member Kaplan speaks\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Australian Trade Balance\n\t<\/li>\n<li>\n\t\t05:30 BST &#8211; RBA Rate Decision\n\t<\/li>\n<li>\n\t\t05:30 BST &#8211; RBA Statement\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; German Central Bank President Weidmann speaks\n\t<\/li>\n<li>\n\t\t08:45 BST &#8211; Italian Services PMI\n\t<\/li>\n<li>\n\t\t08:50 BST &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:55 BST &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Services PMI\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone Retail Sales\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Trade Balance\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Trade Balance\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Services PMI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US ISM Non-Manufacturing PMI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US JOLTs Job Openings\n\t<\/li>\n<li>\n\t\t21:35 BST &#8211; US API Weekly Crude Oil Stock\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, April 6th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t02:45 BST &#8211; Chinese Caixin Services PMI\n\t<\/li>\n<li>\n\t\t06:00 BST &#8211; Japanese Leading Index\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German Industrial Production\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; RBA Assistant Governor Kent speaks\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; Canadian Ivey PMI\n\t<\/li>\n<li>\n\t\t15:30 BST &#8211; US EIA Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t17:20 BST &#8211; FOMC Member Mester speaks\n\t<\/li>\n<li>\n\t\t19:00 BST &#8211; FOMC Meeting Minutes\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, April 7th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 BST &#8211; Australian Construction Index\n\t<\/li>\n<li>\n\t\t01:00 BST &#8211; FOMC Member Kaplan speaks\n\t<\/li>\n<li>\n\t\t01:30 BST &#8211; Bank of Japan Governor Kuroda speaks\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; French Trade Balance\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; UK Halifax House Price Index\n\t<\/li>\n<li>\n\t\t12:30 BST &#8211; ECB Meeting Minutes\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 Building Permits\n\t<\/li>\n<li>\n\t\t22:30 BST &#8211; Fed Chair Yellen speaks\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t<u>Friday, April 8th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:50 BST &#8211; Japanese Current Account\n\t<\/li>\n<li>\n\t\t01:15 BST &#8211; FOMC Member George speaks\n\t<\/li>\n<li>\n\t\t06:45 BST &#8211; Swiss Unemployment Rate\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German Trade Balance\n\t<\/li>\n<li>\n\t\t08:15 BST &#8211; Swiss CPI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Industrial Production\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Manufacturing Production\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Trade Balance\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Employment Change\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Unemployment Rate\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; UK NIESR GDP Estimate\n\t<\/li>\n<li>\n\t\t20:30 BST &#8211; CFTC Positioning Data\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.40 %, ASX 200 gained 0.60 %, Shanghai Composite and Hang Seng closed for holiday Commodities: Gold at $1220 (-0.35 %), Silver at $15.05 (-0.05 %), WTI Oil at $36.35 (-1.15 %), Brent Oil at $38.30 (-0.90 %) Rates: US 10 year yield at 1.76, UK 10 year &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-4th-april-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 4th April: 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-16630","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\/16630","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=16630"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16630\/revisions"}],"predecessor-version":[{"id":16631,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16630\/revisions\/16631"}],"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=16630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}