{"id":16795,"date":"2016-04-25T09:59:02","date_gmt":"2016-04-25T04:29:02","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16795"},"modified":"2016-04-25T09:59:02","modified_gmt":"2016-04-25T04:29:02","slug":"monday-25th-april-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-25th-april-european-open-briefing\/","title":{"rendered":"Monday 25th 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 0.75 %, Shanghai Composite fell 0.95 %, Hang Seng declined 0.50 %, ASX 200 closed\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1234 (+0.40 %), Silver at $17.00 (+0.55 %), WTI Oil at $43.10 (-1.30 %), Brent Oil at $44.60 (-1.10 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.88, UK 10 year yield at 1.60, German 10 year yield at 0.23\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan PPI Services (YoY) Mar: 0.2% (exp 0.2% prev 0.2%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan At 6.5120 (prev 6.4898)\n\t<\/li>\n<li>\n\t\tAsia stocks, dollar edge lower as markets await Fed, BOJ meetings &#8211; RTRS\n\t<\/li>\n<li>\n\t\tYen hindered by BOJ easing hopes, pound up after Obama&#39;s UK visit &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil falls as traders cash in after three weeks of gains &#8211; RTRS\n\t<\/li>\n<li>\n\t\tFed seen holding rates this week with hike still on horizon &#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 47K vs. 52K short prior week\n\t<\/li>\n<li>\n\t\tGBP short 55K vs. 51K short prior week\n\t<\/li>\n<li>\n\t\tJPY long&nbsp; 72K vs 66K long prior week\n\t<\/li>\n<li>\n\t\tCAD long 7K vs 2K long prior week\n\t<\/li>\n<li>\n\t\tCHF long 9K vs. 8K long prior week\n\t<\/li>\n<li>\n\t\tAUD long 44K vs 35K long prior week\n\t<\/li>\n<li>\n\t\tNZD long 5K vs 4K long prior week\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tEUR\/USD rose overnight, from 1.1220 at the open to a high of 1.1247. Offers are seen at 1.1280 and 1.13, while bids rest at 1.1215 and ahead of the 1.12 level. GBP\/USD rallied to 1.4470 at the open, but gave up its gains later in the session and declined to 1.4430.\n<\/p>\n<p>\n\tUSD\/JPY retraced after the big rally on Friday and fell from 111.90 at the open to a low of 111.04. Bids are noted at 110.50 and 110.30, while resistance lies at 112.00 and 112.50.\n<\/p>\n<p>\n\tThe commodity currencies are slightly weaker. AUD\/USD fell from 0.7710 to 0.7690, while NZD\/USD declined from 0.6865 to 0.6840. Liquidity was lower than usual overnight as Australian and New Zealand markets were closed for a public holiday.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:00 BST &#8211; Spanish PPI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; German IFO Business Climate\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US New Home Sales\n\t<\/li>\n<li>\n\t\t15:30 BST &#8211; US Dallas Fed Manufacturing Index\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, April 26th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t08:30 BST &#8211; Swedish PPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Durable Goods Orders\n\t<\/li>\n<li>\n\t\t13:55 BST &#8211; US Redbook\n\t<\/li>\n<li>\n\t\t13:55 BST &#8211; Bank of Canada Governor Poloz speaks\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Services PMI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US CB Consumer Confidence\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Richmond Manufacturing Index\n\t<\/li>\n<li>\n\t\t21:35 BST &#8211; US API Weekly Crude Oil Stock\n\t<\/li>\n<li>\n\t\t23:45 BST &#8211; New Zealand Trade Balance\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, April 27th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t02:30 BST &#8211; Australian CPI\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German GfK Consumer Climate\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone M3 Money Supply\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK GDP\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Pending Home Sales\n\t<\/li>\n<li>\n\t\t15:30 BST &#8211; US Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t19:00 BST &#8211; FOMC Statement\n\t<\/li>\n<li>\n\t\t22:00 BST &#8211; RBNZ Interest Rate Decision\n\t<\/li>\n<li>\n\t\t22:00 BST &#8211; RBNZ Statement\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, April 28th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 BST &#8211; Japanese CPI\n\t<\/li>\n<li>\n\t\t00:30 BST &#8211; Japanese Household Spending\n\t<\/li>\n<li>\n\t\t00:30 BST &#8211; Japanese Unemployment Rate\n\t<\/li>\n<li>\n\t\t00:50 BST &#8211; Japanese Industrial Production\n\t<\/li>\n<li>\n\t\t00:50 BST &#8211; Japanese Retail Sales\n\t<\/li>\n<li>\n\t\t04:40 BST &#8211; Bank of Japan Interest Rate Decision\n\t<\/li>\n<li>\n\t\t06:00 BST &#8211; Bank of Japanese Outlook Report\n\t<\/li>\n<li>\n\t\t07:30 BST &#8211; Bank of Japan Press Conference\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; Spanish CPI\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; Swedish Retail Sales\n\t<\/li>\n<li>\n\t\t08:55 BST &#8211; German Unemployment Change\n\t<\/li>\n<li>\n\t\t08:55 BST &#8211; German Unemployment Rate\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Norwegian Unemployment Rate\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone Consumer Confidence\n\t<\/li>\n<li>\n\t\t13:00 BST &#8211; German CPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US GDP\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, April 29th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t02:00 BST &#8211; New Zealand Consumer Confidence\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Australian PPI\n\t<\/li>\n<li>\n\t\t04:45 BST &#8211; RBA Assistant Governor Debelle speaks\n\t<\/li>\n<li>\n\t\t06:30 BST &#8211; French GDP\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German Retail Sales\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; French CPI\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; Spanish GDP\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; SNB Chairman Jordan speaks\n\t<\/li>\n<li>\n\t\t10:00 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\t11:30 BST &#8211; FOMC Member Kaplan speaks\n\t<\/li>\n<li>\n\t\t13:00 BST &#8211; BoE Member Cunliffe speaks\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Core PCE Price Index\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Personal Spending\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Personal Income\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian GDP\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Chicago PMI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Michigan Consumer Sentiment\n\t<\/li>\n<li>\n\t\t20:30 BST &#8211; US CFTC Positioning Data\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.75 %, Shanghai Composite fell 0.95 %, Hang Seng declined 0.50 %, ASX 200 closed Commodities: Gold at $1234 (+0.40 %), Silver at $17.00 (+0.55 %), WTI Oil at $43.10 (-1.30 %), Brent Oil at $44.60 (-1.10 %) Rates: US 10 year yield at 1.88, UK 10 year &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-25th-april-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 25th 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-16795","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\/16795","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=16795"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16795\/revisions"}],"predecessor-version":[{"id":16796,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16795\/revisions\/16796"}],"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=16795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}