{"id":16757,"date":"2016-04-20T09:52:48","date_gmt":"2016-04-20T04:22:48","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16757"},"modified":"2016-04-20T09:52:48","modified_gmt":"2016-04-20T04:22:48","slug":"wednesday-20th-april-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/wednesday-20th-april-european-open-briefing\/","title":{"rendered":"Wednesday 20th 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 0.10 %, Shanghai Composite lost 2.50 %, Hang Seng declined 1.00 %, ASX 200 gained 0.35 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1253 (-0.05 %), Silver at $17.15 (+1.05 %), WTI Oil at $41.55 (-2.20 %), Brent Crude $43.15 (-2.05 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.77, UK 10 year yield at 1.50, German 10 year yield at 0.17\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan Trade Balance (Mar): JPY 755.0Bln (exp JPY 834.6Bln prev rev 242.2Bln)\n\t<\/li>\n<li>\n\t\tJapan Exports (YoY) Mar: -6.8% (exp -7.0% prev -4.0%)\n\t<\/li>\n<li>\n\t\tJapan Imports (YoY) Mar: -14.9% (exp -16.6% prev -14.2%)\n\t<\/li>\n<li>\n\t\tAustralia Westpac Leading Index (MoM) Mar: -0.12% (prev rev -0.23%)\n\t<\/li>\n<li>\n\t\tAustralia Skilled Vacancies (MoM) Mar: -1.2% (prev -0.9%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan At 6.4579 (prev 6.4700\n\t<\/li>\n<li>\n\t\tBank of Japan Governor Kuroda: Markets Remain Unstable Due To Continued Risk Aversion &#8212; RTRS\n\t<\/li>\n<li>\n\t\tKuroda: Could Change Size And Composition Of Asset Purchases If Need To Ease Policy &#8212; RTRS\n\t<\/li>\n<li>\n\t\tKuroda: Easing Isn&rsquo;t A Promise Of Weak Currency &amp; Stock Gains &#8212; BBG\n\t<\/li>\n<li>\n\t\tKuroda: Can&rsquo;t Say Now Whether Further Easing May Be Taken Or Not, Won&rsquo;t Hesitate If Required\n\t<\/li>\n<li>\n\t\tKuroda: Don&rsquo;t Think There&rsquo;s Limitation On Expansion Of Stimulus\n\t<\/li>\n<li>\n\t\tKuroda: Don&#39;t See Limit Of Bond Buying Being Reached For &#39;Years&#39;\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar regained some strength in the Asian session. AUD\/USD declined to 0.7777 after trading as high as 0.7825 in yesterday&#39;s late NY session. Support is now seen in the 0.7730\/40 area. NZD\/USD followed it lower, declining from 0.7050 to 0.7007, with support now noted at 0.6970.\n<\/p>\n<p>\n\tUSD\/CAD bounced off 1.2635 and recovered slightly after a 360 pips decline in just two days. The pair traded up to 1.2720 in Asia and offers are resting at the former support level at 1.2740.\n<\/p>\n<p>\n\tUSD\/JPY came under pressure overnight, as stock markets are mostly lower, with the Shanghai Composite falling more than 2 %. USD\/JPY declined from 109.50 to 108.90 and bids are reported at 108.80 and 108.20. To the topside, strong resistance can be expected ahead of 110.\n<\/p>\n<p>\n\tGBP\/USD retraced slightly, from 1.4420 to 1.4370. Today at 09:30 local time, the UK will release its latest employment numbers and the unemployment rate is expected to remain unchanged at 5.1 %, while claimant count changes are expected to arrive at -11.3k.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\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","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.10 %, Shanghai Composite lost 2.50 %, Hang Seng declined 1.00 %, ASX 200 gained 0.35 % Commodities: Gold at $1253 (-0.05 %), Silver at $17.15 (+1.05 %), WTI Oil at $41.55 (-2.20 %), Brent Crude $43.15 (-2.05 %) Rates: US 10 year yield at 1.77, UK 10 &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/wednesday-20th-april-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 20th 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-16757","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\/16757","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=16757"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16757\/revisions"}],"predecessor-version":[{"id":16758,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16757\/revisions\/16758"}],"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=16757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}