{"id":16730,"date":"2016-04-14T09:44:14","date_gmt":"2016-04-14T04:14:14","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16730"},"modified":"2016-04-14T09:53:20","modified_gmt":"2016-04-14T04:23:20","slug":"thursday-14th-april-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/thursday-14th-april-european-open-briefing\/","title":{"rendered":"Thursday 14th 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 2.50 %, Shanghai Composite gained 0.05 %, Hang Seng rose 0.80 %, ASX 200 rallied 1.05 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1233 (-1.20 %), Silver at $16.08 (-1.50 %), WTI Oil at $41.25 (-1.30 %), Brent Oil at $43.60 (-1.35 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.76, UK 10 year yield at 1.44, 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\tAustralia Employment Change (Mar): 26.1K (exp 17.0K prev rev -0.7K)\n\t<\/li>\n<li>\n\t\tAustralia Unemployment Rate (Mar): 5.7% (exp 5.9% prev 5.8%)\n\t<\/li>\n<li>\n\t\tAustralia Participation Rate (Mar): 64.9% (exp 65.0% prev 64.9%)\n\t<\/li>\n<li>\n\t\tAustralia Consumer Inflation Expectations (Apr): 3.6% (prev 3.4%)\n\t<\/li>\n<li>\n\t\tNew Zealand BusinessNZ Manufacturing PMI (Mar): 54.7 (prev rev 55.9)\n\t<\/li>\n<li>\n\t\tUK RICS House Price Balance (Mar): 42% (exp 50% prev 50%)\n\t<\/li>\n<li>\n\t\tSingapore GDP (YoY) Q1, A: 1.8% (exp 1.7% prev 1.8%)\n\t<\/li>\n<li>\n\t\tSingapore GDP SAAR (QoQ) Q1, A: 0.0% (exp 0.0% prev 6.2%)\n\t<\/li>\n<li>\n\t\tSingapore MAS Removes Appreciation Stance On Currency\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan At 6.4891 (prev 6.4591)\n\t<\/li>\n<li>\n\t\tBoJ Gov Kuroda: BoJ Will Achieve 2% Price Target &#8212; BBG\n\t<\/li>\n<li>\n\t\tKuroda: Will Add Stimulus If Needed\n\t<\/li>\n<li>\n\t\tKuroda: Underlying Trend In Inflation Is Steadily Improving\n\t<\/li>\n<li>\n\t\tKuroda: BoJ Still Halfway To Achieving Price Target\n\t<\/li>\n<li>\n\t\tKuroda: Cutting Rates Further Depends On Economy &amp; Prices &#8212; BBG\n\t<\/li>\n<li>\n\t\tKuroda: Mon Pol Not Targeting FX Rates\n\t<\/li>\n<li>\n\t\tECB&rsquo;s Constancio: Full Effect Of ECB Mon Pol Still To Materialise\n\t<\/li>\n<li>\n\t\tConstancio: Clear Limits To Negative Deposit Rate\n\t<\/li>\n<li>\n\t\tTo Continue Doing &#39;Whatever Is Necessary&#39;, Europe Cannot Rely Solely On Mon Pol\n\t<\/li>\n<li>\n\t\tConstancio: Overall Effects Of ECB Negative Rates Have Been Positive\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tIn Asia, the US Dollar recovered and local stock markets rallied. USD\/JPY extended its recovery to 109.55, supported by continued gains in the Nikkei. Offers can be expected ahead of 110, while bids are now noted at 109.10 and 108.75.\n<\/p>\n<p>\n\tThe improvement in risk appetite hurt the Euro and EUR\/USD fell to 1.1270 yesterday. Overnight, it extended losses to 1.1254. Support lies at 1.1225 and 1.1150, while offers stand at 1.13 and 1.1325. Meanwhile, GBP\/USD is under renewed pressure after it failed at 1.4350 resistance. The pair is currently posting fresh lows and approaching 1.41 support.\n<\/p>\n<p>\n\tAUD\/USD was volatile overnight. The pair first rallied from 0.7630 to 0.7660 after the jobs numbers were released, but then quickly reversed gains and fell to a fresh session low of 0.7620. From there, it was able to recover again and reach 0.7650.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:15 BST &#8211; Swiss PPI\n\t<\/li>\n<li>\n\t\t09:00 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\t12:00 BST &#8211; Bank of England Interest Rate Decision\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US CPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; FOMC Member Lockhart speaks\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; FOMC Member Powell speaks\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 2.50 %, Shanghai Composite gained 0.05 %, Hang Seng rose 0.80 %, ASX 200 rallied 1.05 % Commodities: Gold at $1233 (-1.20 %), Silver at $16.08 (-1.50 %), WTI Oil at $41.25 (-1.30 %), Brent Oil at $43.60 (-1.35 %) Rates: US 10 year yield at 1.76, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/thursday-14th-april-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 14th 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-16730","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\/16730","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=16730"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16730\/revisions"}],"predecessor-version":[{"id":16732,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16730\/revisions\/16732"}],"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=16730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}