{"id":16830,"date":"2016-04-28T09:58:29","date_gmt":"2016-04-28T04:28:29","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16830"},"modified":"2016-04-28T09:58:29","modified_gmt":"2016-04-28T04:28:29","slug":"thursday-28th-april-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/thursday-28th-april-european-open-briefing\/","title":{"rendered":"Thursday 28th April: European Open Briefing"},"content":{"rendered":"<p>\n\t<strong>Global Markets:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei down 2.30 %, Shanghai Composite fell 0.70 %, Hang Seng gained 0.40 %, ASX 200 rose 0.85 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1249 (-0.10 %), Silver at $17.30 (+0.01 %), WTI Oil at $45.20 (-0.35 %), Brent Oil at $46.75 (-0.35 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.83, UK 10 year yield at 1.62, German 10 year yield at 0.29\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>News &amp; Data:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tBank of Japan Leaves Rates and QE unchanged\n\t<\/li>\n<li>\n\t\tRBNZ Leaves Its Official Cash Rate At 2.25% As Expected\n\t<\/li>\n<li>\n\t\tRBNZ: Further Policy Easing May Be Required\n\t<\/li>\n<li>\n\t\tRBNZ: Lower NZD Desirable To Boost Inflation\n\t<\/li>\n<li>\n\t\tRBNZ: Exchange Rate Remains Higher Than Appropriate\n\t<\/li>\n<li>\n\t\tRBNZ: To Closely Watch Emerging Data Flow\n\t<\/li>\n<li>\n\t\tFOMC keep rates on hold at 0.25% &#8211; 0.50% for Fed Funds target\n\t<\/li>\n<li>\n\t\tFOMC removes reference to global events posing risk\n\t<\/li>\n<li>\n\t\tFOMC sees inflation rising to 2% in medium term, low in short term\n\t<\/li>\n<li>\n\t\tBrazilian Central Bank Leaves Its Benchmark SELIC Rate At 14.25% As Expected\n\t<\/li>\n<li>\n\t\tJapan CPI (YoY) Mar: -0.1% (exp 0.0% prev 0.3%)\n\t<\/li>\n<li>\n\t\tJapan CPI Ex-Fresh Food (YoY) Mar: -0.3% (exp -0.2% prev 0.0%)\n\t<\/li>\n<li>\n\t\tJapan Unemployment Rate (Mar): 3.2% (exp 3.3% prev 3.3%)\n\t<\/li>\n<li>\n\t\tJapan Job-To-Applicant Ratio (Mar): 1.30 (exp 1.28 prev 1.28)\n\t<\/li>\n<li>\n\t\tJapan Household Spending (YoY) Mar: -5.3% (exp -4.1% prev 1.2%)\n\t<\/li>\n<li>\n\t\tJapan Industrial Production (MoM) Mar, P: 3.6% (exp 2.8% prev -5.2%)\n\t<\/li>\n<li>\n\t\tJapan Industrial Production (YoY) Mar, P: 0.1% (exp -1.6% prev -1.2%)\n\t<\/li>\n<li>\n\t\tJapan Retail Sales (MoM) Mar: 1.4% (exp 0.5% prev -2.3%)\n\t<\/li>\n<li>\n\t\tJapan Retail Sales (YoY) Mar: -1.1% (exp -1.4% prev 0.4%)\n\t<\/li>\n<li>\n\t\tAustralia Export Price Index (QoQ) Q1: -4.7% (exp -1.5% prev -5.4%)\n\t<\/li>\n<li>\n\t\tAustralia Import Price Index (QoQ) Q1: -3.0% (exp -0.9% prev -0.3%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan At 6.4954 (prev 6.4837)\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>Markets Update:<\/strong>\n<\/p>\n<p>\n\tThe Bank of Japan decided to leave rates and their QE programme unchanged, which led to a sharp decline in USD\/JPY. The pair fell from 111.70 to a low of 108.75 and traders are now waiting for the press conference at 0630 GMT. USD\/JPY has bounced off 108.75 earlier and is currently consolidating around the 109.40 level. The cross pairs have also seen sharp moves, with GBP\/JPY declining 400 pips overnight and AUD\/JPY down more than 200 pips.\n<\/p>\n<p>\n\tThe New Zealand Dollar rallied after the RBNZ left rates unchanged. Some market participants expected a rate cut and increased their NZD short bets ahead of the meeting. NZD\/USD rallied to 0.6940 after the central bank&#39;s announcement.\n<\/p>\n<p>\n\tAUD\/USD was quiet and traded in a 0.7570-0.7610 range, while USD\/CAD fell back below 1.26 and extended losses to 1.2580.\n<\/p>\n<p>\n\t<strong>Upcoming Events:<\/strong>\n<\/p>\n<ul>\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","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 2.30 %, Shanghai Composite fell 0.70 %, Hang Seng gained 0.40 %, ASX 200 rose 0.85 % Commodities: Gold at $1249 (-0.10 %), Silver at $17.30 (+0.01 %), WTI Oil at $45.20 (-0.35 %), Brent Oil at $46.75 (-0.35 %) Rates: US 10 year yield at 1.83, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/thursday-28th-april-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 28th 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-16830","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\/16830","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=16830"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16830\/revisions"}],"predecessor-version":[{"id":16831,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16830\/revisions\/16831"}],"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=16830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}