{"id":16675,"date":"2016-04-12T10:03:53","date_gmt":"2016-04-12T04:33:53","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16675"},"modified":"2016-04-12T10:03:53","modified_gmt":"2016-04-12T04:33:53","slug":"tuesday-12th-april-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-12th-april-european-open-briefing\/","title":{"rendered":"Tuesday 12th 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 up 1.15 %, Shanghai Composite fell 0.65 %, Hang Seng rose 0.30 %, ASX 200 gained 0.75 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1256 (-0.10 %), Silver at $15.88 (-0.65 %), WTI Oil at $40.25 (-0.25 %), Brent Oil at $42.70 (-0.25 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.74, UK 10 year yield at 1.40, German 10 year yield at 0.11\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia NAB Business Conditions (Mar): 12 (prev 8)\n\t<\/li>\n<li>\n\t\tAustralia NAB Business Confidence (Mar): 6 (prev 3)\n\t<\/li>\n<li>\n\t\tAustralia ANZ Roy Morgan Weekly Consumer Confidence Index (W\/E 10 Apr): 112.0 (prev 113.4)\n\t<\/li>\n<li>\n\t\tNew Zealand REINZ House Sales (YoY) Mar: 8.2% (prev 5.7%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan At 6.4616 (prev 6.4649)\n\t<\/li>\n<li>\n\t\tBoJ Gov Kuroda: Won&#39;t Hesitate To Add Stimulus If Needed &#8211; BBG\n\t<\/li>\n<li>\n\t\tJapan leads Asia stocks higher, oil buoyant as dollar sags &#8211; RTRS\n\t<\/li>\n<li>\n\t\tObama, Fed&#39;s Yellen discussed economic risks in White House meeting &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices dip but hold above $40 ahead of producer meeting &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar extended losses overnight, but managed to recover slightly against the Japanese Yen. USD\/JPY bounced off 107.80 support in the late NY session and rose to a high of 108.30 in Asia, supported by the rally in the Nikkei 225. Resistance now lies at 108.40 and 109.10.\n<\/p>\n<p>\n\tThe Australian Dollar rallied overnight after stronger than expected business confidence data. AUD\/USD rose from 0.7590 to 0.7645 in Asia. With 0.7640 resistance now broken, the next obstacle lies at 0.7685. NZD\/USD followed AUD higher. The pair started the trading day around 0.6850 and managed to rise to a high of 0.6895 earlier.\n<\/p>\n<p>\n\tEUR\/USD and GBP\/USD were quiet overnight as they consolidated in a 1.1400-15 and 1.4225-45 range. The UK will release its CPI numbers later today, which should increase volatility in the GBP pairs.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 BST &#8211; German CPI\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; Swedish CPI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK CPI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK PPI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK House Price Index\n\t<\/li>\n<li>\n\t\t13:55 BST &#8211; US Redbook\n\t<\/li>\n<li>\n\t\t14:00 BST &#8211; FOMC Member Harker speaks\n\t<\/li>\n<li>\n\t\t20:00 BST &#8211; FOMC Member Williams speaks\n\t<\/li>\n<li>\n\t\t21:00 BST &#8211; FOMC Member Lacker speaks\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 1.15 %, Shanghai Composite fell 0.65 %, Hang Seng rose 0.30 %, ASX 200 gained 0.75 % Commodities: Gold at $1256 (-0.10 %), Silver at $15.88 (-0.65 %), WTI Oil at $40.25 (-0.25 %), Brent Oil at $42.70 (-0.25 %) Rates: US 10 year yield at 1.74, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-12th-april-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 12th 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-16675","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\/16675","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=16675"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16675\/revisions"}],"predecessor-version":[{"id":16676,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16675\/revisions\/16676"}],"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=16675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}