{"id":16661,"date":"2016-04-11T10:05:43","date_gmt":"2016-04-11T04:35:43","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16661"},"modified":"2016-04-11T10:07:48","modified_gmt":"2016-04-11T04:37:48","slug":"monday-11th-april-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-11th-april-european-open-briefing\/","title":{"rendered":"Monday 11th April: European Open Briefing"},"content":{"rendered":"<h4>\n\tGlobal Markets:<br \/>\n<\/h4>\n<div>\n\t&nbsp;\n<\/div>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei down 1.40 %, Shanghai Composite gained 1.80 %, Hang Seng rose 0.65 %, ASX 200 fell 0.15 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1253 (+0.80 %), Silver at $15.48 (+0.60 %), WTI Oil at $38.90 (+0.45 %), Brent Oil at $42.10 (+0.45 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.72, UK 10 year yield at 1.37, German 10 year yield at 0.09\n\t<\/li>\n<\/ul>\n<h4>\n\tNews &amp; Data:<br \/>\n<\/h4>\n<div>\n\t&nbsp;\n<\/div>\n<ul>\n<li>\n\t\tChina CPI (YoY) Mar: 2.3% (exp 2.4% prev 2.3%)\n\t<\/li>\n<li>\n\t\tChina PPI (YoY) Mar: -4.3% (exp -4.6% prev -4.9%)\n\t<\/li>\n<li>\n\t\tAustralia Home Loans (MoM) Feb: 1.5% (exp 2.0% prev -3.9%)\n\t<\/li>\n<li>\n\t\tAustralia Investment Lending (MoM) Feb: 4.1% (prev -1.6%)\n\t<\/li>\n<li>\n\t\tJapan Machine Orders (MoM) Feb: -9.2% (exp -12.0% prev 15.0%)\n\t<\/li>\n<li>\n\t\tJapan Machine Orders (YoY) Feb: -0.7% (exp -2.4% prev 8.4%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan At 6.4649\n\t<\/li>\n<li>\n\t\tRising Bets On RBA Easing In May &#8212; Australian\n\t<\/li>\n<\/ul>\n<h4>\n\tCFTC Positioning Data:<br \/>\n<\/h4>\n<ul>\n<li>\n\t\tEUR short 53K vs. 64k short prior week\n\t<\/li>\n<li>\n\t\tGBP short 47K vs. 40K short prior week\n\t<\/li>\n<li>\n\t\tJPY long 60K vs. 54K long prior week\n\t<\/li>\n<li>\n\t\tCAD long 97 contracts vs. 6K short prior week\n\t<\/li>\n<li>\n\t\tCHF long 6K vs. 5K long prior week\n\t<\/li>\n<li>\n\t\tAUD long 27K vs. 23K long prior week\n\t<\/li>\n<li>\n\t\tNZD long 3K vs. 2K long prior week\n\t<\/li>\n<\/ul>\n<div>\n\t&nbsp;\n<\/div>\n<h4>\n\tMarkets Update:<br \/>\n<\/h4>\n<div>\n\t&nbsp;\n<\/div>\n<div>\n\tThe US Dollar weakened against all major currencies overnight, while Asian stock markets are up on the day.&nbsp;\n<\/div>\n<div>\n\t&nbsp;\n<\/div>\n<div>\n\tUSD\/JPY rallied initially, from 107.95 to 108.30, boosted by the rise in the Nikkei. However, it quickly reversed gains after the Tokyo open and fell back to a fresh low at 107.65. The pair remains under heavy pressure and further losses seem likely, with support now seen at 107.20 and 106.80.\n<\/div>\n<div>\n\t&nbsp;\n<\/div>\n<div>\n\tEUR\/USD rose from 1.1395 to a high of 1.1425, while GBP\/USD climbed from 1.4105 to 1.4140. The commodity currencies were the best performing ones overnight as NZD\/USD rallied from 0.6790 to 0.6820 and AUD\/USD from 0.7530 to 0.7570. Meanwhile, USD\/CAD was surprisingly quiet, despite the rally in Oil overnight.\n<\/div>\n<div>\n\t&nbsp;\n<\/div>\n<h4>\n\tUpcoming Events:<br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:00 BST &#8211; Italian Industrial Production\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Norwegian CPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Treasury Secretary Lew speaks\n\t<\/li>\n<li>\n\t\t14:25 BST &#8211; FOMC Member Dudley speaks\n\t<\/li>\n<li>\n\t\t18:00 BST &#8211; FOMC Member Kaplan speaks\n\t<\/li>\n<\/ul>\n<h4>\n\tThe Week Ahead:<br \/>\n<\/h4>\n<div>\n\t&nbsp;\n<\/div>\n<div>\n\tTuesday, April 12th\n<\/div>\n<div>\n\t02:30 BST &#8211; Australian NAB Business Confidence\n<\/div>\n<div>\n\t07:00 BST &#8211; German CPI\n<\/div>\n<div>\n\t08:30 BST &#8211; Swedish CPI\n<\/div>\n<div>\n\t09:30 BST &#8211; UK CPI\n<\/div>\n<div>\n\t09:30 BST &#8211; UK PPI\n<\/div>\n<div>\n\t09:30 BST &#8211; UK House Price Index\n<\/div>\n<div>\n\t13:55 BST &#8211; US Redbook\n<\/div>\n<div>\n\t14:00 BST &#8211; FOMC Member Harker speaks\n<\/div>\n<div>\n\t20:00 BST &#8211; FOMC Member Williams speaks\n<\/div>\n<div>\n\t21:00 BST &#8211; FOMC Member Lacker speaks\n<\/div>\n<div>\n\t&nbsp;\n<\/div>\n<div>\n\tWednesday, April 13th\n<\/div>\n<div>\n\t01:30 BST &#8211; Australian Westpac Consumer Sentiment\n<\/div>\n<div>\n\t03:00 BST &#8211; Chinese Exports\n<\/div>\n<div>\n\t03:00 BST &#8211; Chinese Imports\n<\/div>\n<div>\n\t03:00 BST &#8211; Chinese Trade Balance\n<\/div>\n<div>\n\t07:45 BST &#8211; French CPI\n<\/div>\n<div>\n\t08:00 BST &#8211; Spanish CPI\n<\/div>\n<div>\n\t10:00 BST &#8211; Euro Zone Industrial Production\n<\/div>\n<div>\n\t13:30 BST &#8211; US Retail Sales\n<\/div>\n<div>\n\t13:30 BST &#8211; US PPI\n<\/div>\n<div>\n\t15:00 BST &#8211; Bank of Canada Interest Rate Decision\n<\/div>\n<div>\n\t15:30 BST &#8211; US Crude Oil Inventories\n<\/div>\n<div>\n\t16:15 BST &#8211; Bank of Canada Governor Poloz speaks\n<\/div>\n<div>\n\t19:00 BST &#8211; US Beige Book\n<\/div>\n<div>\n\t&nbsp;\n<\/div>\n<div>\n\tThursday, April 14th\n<\/div>\n<div>\n\t02:30 BST &#8211; Australian Unemployment Rate\n<\/div>\n<div>\n\t02:30 BST &#8211; Australian Employment Change\n<\/div>\n<div>\n\t08:15 BST &#8211; Swiss PPI\n<\/div>\n<div>\n\t09:00 BST &#8211; Italian CPI\n<\/div>\n<div>\n\t10:00 BST &#8211; Euro Zone CPI\n<\/div>\n<div>\n\t12:00 BST &#8211; Bank of England Interest Rate Decision\n<\/div>\n<div>\n\t13:30 BST &#8211; US CPI\n<\/div>\n<div>\n\t13:30 BST &#8211; US Initial Jobless Claims\n<\/div>\n<div>\n\t15:00 BST &#8211; FOMC Member Lockhart speaks\n<\/div>\n<div>\n\t15:00 BST &#8211; FOMC Member Powell speaks\n<\/div>\n<div>\n\t&nbsp;\n<\/div>\n<div>\n\tFriday, April 15th\n<\/div>\n<div>\n\t03:00 BST &#8211; Chinese GDP\n<\/div>\n<div>\n\t03:00 BST &#8211; Chinese Retail Sales\n<\/div>\n<div>\n\t03:00 BST &#8211; Chines Industrial Production\n<\/div>\n<div>\n\t05:30 BST &#8211; Japanese Industrial Production\n<\/div>\n<div>\n\t09:00 BST &#8211; Italian Trade Balance\n<\/div>\n<div>\n\t10:00 BST &#8211; Euro Zone Trade Balance\n<\/div>\n<div>\n\t13:30 BST &#8211; US NY Empire State Manufacturing Index\n<\/div>\n<div>\n\t13:30 BST &#8211; Canadian Manufacturing Sales\n<\/div>\n<div>\n\t14:15 BST &#8211; US Industrial Production\n<\/div>\n<div>\n\t14:15 BST &#8211; US Manufacturing Production\n<\/div>\n<div>\n\t15:00 BST &#8211; US University of Michigan Consumer Sentiment\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: &nbsp; Asian stock markets: Nikkei down 1.40 %, Shanghai Composite gained 1.80 %, Hang Seng rose 0.65 %, ASX 200 fell 0.15 % Commodities: Gold at $1253 (+0.80 %), Silver at $15.48 (+0.60 %), WTI Oil at $38.90 (+0.45 %), Brent Oil at $42.10 (+0.45 %) Rates: US 10 year yield at 1.72, &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-11th-april-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 11th 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-16661","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\/16661","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=16661"}],"version-history":[{"count":3,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16661\/revisions"}],"predecessor-version":[{"id":16664,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16661\/revisions\/16664"}],"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=16661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}