{"id":16736,"date":"2016-04-18T10:07:13","date_gmt":"2016-04-18T04:37:13","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16736"},"modified":"2016-04-18T10:07:13","modified_gmt":"2016-04-18T04:37:13","slug":"monday-18th-april-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-18th-april-european-open-briefing\/","title":{"rendered":"Monday 18th 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 3.10 %, Shanghai Composite fell 1.30 %, Hang Seng declined 1.10 %, ASX 200 lost 0.25 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1236 (+0.15 %), Silver at $16.18 (-0.85 %), WTI Oil at $39.85 (-4.45 %), Brent Oil at $41.35 (-4.05 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.73, 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\tNew Zealand CPI (QoQ) Q1: 0.2% (exp 0.1% prev -0.5%)\n\t<\/li>\n<li>\n\t\tNew Zealand CPI (YoY) Q1: 0.4% (exp 0.4% prev 0.1%)\n\t<\/li>\n<li>\n\t\tUK Rightmove House Prices (MoM) Apr: 1.3% (prev 1.3%)\n\t<\/li>\n<li>\n\t\tUK Rightmove House Prices (YoY) Apr: 7.6% (prev 7.6%)\n\t<\/li>\n<li>\n\t\tChina Property Prices (YoY) Mar: 4.9% (prev 3.6%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan At 6.4787 (prev 6.4908)\n\t<\/li>\n<li>\n\t\tNo Agreement On Oil Freeze At Doha Meeting &#8212; WSJ\n\t<\/li>\n<li>\n\t\tAsian shares skid, crude tumbles after Doha deal fails &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices tumble 5 percent after producers fail to coordinate output &#8211; RTRS\n\t<\/li>\n<li>\n\t\tCommodity currencies hit hard, yen rallies after Doha disappoints &#8211; RTRS\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 52K vs. 53K short prior week\n\t<\/li>\n<li>\n\t\tGBP short 51K vs. 47K short prior week\n\t<\/li>\n<li>\n\t\tJPY long 66K vs. 60K long prior week\n\t<\/li>\n<li>\n\t\tCAD long 2K vs. 0.1K long prior week\n\t<\/li>\n<li>\n\t\tCHF long 8K vs. 6K long prior week\n\t<\/li>\n<li>\n\t\tAUD long 35K vs. 27K long prior week\n\t<\/li>\n<li>\n\t\tNZD long 4K vs. 3K long prior week\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tUSD\/CAD opened at 1.2950 last night, up roughly 130 pips from Friday&#39;s close, after the OPEC meeting in Doha disappointed. WTI Oil fell around 6 % on the open and traded briefly below $37. It has now recovered slightly and is back above $38, but could fall back towards $30 this week as fundamentals remain bearish.\n<\/p>\n<p>\n\tThe other commodity currencies were also hit overnight. AUD\/USD gapped down to 0.7650 at the open and fell as low as 0.7635 later in the session. NZD\/USD declined to 0.6875, but quickly reversed losses after a stronger than expected CPI release.\n<\/p>\n<p>\n\tEUR\/USD started the day around 1.13, slightly higher from Friday&#39;s close. GBP\/USD was mostly unchanged at the open, but fell later to 1.4160, down 0.20 %.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t13:30 BST &#8211; FOMC Member Dudley speaks\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US NAHB Housing Market Index\n\t<\/li>\n<li>\n\t\t17:30 BST &#8211; FOMC Member Kashkari 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 19th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Current Account\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; German ZEW Economic Sentiment\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone Economic Sentiment\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Building Permits\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Housing Starts\n\t<\/li>\n<li>\n\t\t13:55 BST &#8211; US Redbook\n\t<\/li>\n<li>\n\t\t14:30 BST &#8211; RBA Governor Stevens speaks\n\t<\/li>\n<li>\n\t\t15:30 BST &#8211; BoE Governor Carney speaks\n\t<\/li>\n<li>\n\t\t16:00 BST &#8211; BoC Governor Poloz speaks\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, April 20th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:50 BST &#8211; Japanese Trade Balance\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German PPI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Unemployment Rate\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Claimant Count Change\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Average Earnings\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Wholesale Sales\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Existing Home Sales\n\t<\/li>\n<li>\n\t\t15:30 BST &#8211; US Crude Oil Inventories\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, April 21st<\/u>\n<\/p>\n<ul>\n<li>\n\t\t07:00 BST &#8211; Swiss Trade Balance\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; Riksbank Rate Decision\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Retail Sales\n\t<\/li>\n<li>\n\t\t12:45 BST &#8211; ECB Rate Decision\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; ECB Press Conference\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; US Phily Fed Manufacturing Index\n\t<\/li>\n<li>\n\t\t14:00 BST &#8211; US House Price Index\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, April 22nd<\/u>\n<\/p>\n<ul>\n<li>\n\t\t03:00 BST &#8211; Japanese Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; French Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; German Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Italian Retail Sales\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian CPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Retail Sales\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Manufacturing PMI\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 3.10 %, Shanghai Composite fell 1.30 %, Hang Seng declined 1.10 %, ASX 200 lost 0.25 % Commodities: Gold at $1236 (+0.15 %), Silver at $16.18 (-0.85 %), WTI Oil at $39.85 (-4.45 %), Brent Oil at $41.35 (-4.05 %) Rates: US 10 year yield at 1.73, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-18th-april-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 18th 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-16736","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\/16736","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=16736"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16736\/revisions"}],"predecessor-version":[{"id":16737,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16736\/revisions\/16737"}],"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=16736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}