{"id":16867,"date":"2016-05-03T09:57:43","date_gmt":"2016-05-03T04:27:43","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16867"},"modified":"2016-05-03T09:57:43","modified_gmt":"2016-05-03T04:27:43","slug":"tuesday-3rd-may-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-3rd-may-european-open-briefing\/","title":{"rendered":"Tuesday 3rd May: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAsian stock markets: Shanghai Composite gained 1.60 %, Hang Seng fell 1.25 %, ASX 200 rose 0.65 %, Nikkei closed for holiday\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1295 (-0.05 %), Silver at $17.65 (-0.10 %), WTI Oil at $45.10 (+0.65 %), Brent Oil at $46.15 (+0.70 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.87, UK 10 year yield at 1.87, German 10 year yield at 0.27\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tChina Caixin Manufacturing PMI (Apr): 49.4 (exp 49.8 prev 49.7)\n\t<\/li>\n<li>\n\t\tAustralia Building Approvals (MoM) Mar: 3.7% (exp -2.0% prev 3.1%)\n\t<\/li>\n<li>\n\t\tAustralia Building Approvals (YoY) Mar: -6.5% (exp -14.0% prev -9.0%)\n\t<\/li>\n<li>\n\t\tJapan Exporters Stand To Take Nearly USD 10bln Hit From Rising Yen &#8212; Nikkei\n\t<\/li>\n<li>\n\t\tJapanese PM Abe To Decide on Tax Hike After May G-7 Summit &#8212; Nikkei\n\t<\/li>\n<li>\n\t\tAsian stocks pare gains, yen extends rally &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices rise as dollar slips to 18-month low against yen &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar sets fresh 18-month low vs. yen, Aussie awaits RBA &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe Australian Dollar is rising ahead of the RBA rate decision, with AUD\/USD back above 0.77 and AUD\/NZD at 1.0930. The market is expecting the central bank to keep rates unchanged at 2.00 %.\n<\/p>\n<p>\n\tNZD\/USD rallied overnight and almost reached the current 2016 high at 0.7054 earlier. Should it break above, there is little resistance until 0.72. Meanwhile, USD\/CAD is holding well given the broad USD weakness, mostly due to lower oil prices. The pair is consolidating around 1.2510, with 1.2497 support intact for now.\n<\/p>\n<p>\n\tUSD\/JPY extended losses further and reached 106.04 overnight. Further losses seem likely and the next notable support levels lie at 105.50 and 105.15.\n<\/p>\n<p>\n\tEUR\/USD rose to a high of 1.1541 in Asia and momentum remains strong after it cleared 1.15 resistance. The charts suggest resistance now lies at 1.1620, followed by last year&#39;s high at 1.1713.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:30 BST &#8211; UK Manufacturing PMI\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone PPI\n\t<\/li>\n<li>\n\t\t17:30 BST &#8211; Bank of Canada Governor Poloz speaks\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 Employment Change\n\t<\/li>\n<li>\n\t\t23:45 BST &#8211; New Zealand Unemployment Rate\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Shanghai Composite gained 1.60 %, Hang Seng fell 1.25 %, ASX 200 rose 0.65 %, Nikkei closed for holiday Commodities: Gold at $1295 (-0.05 %), Silver at $17.65 (-0.10 %), WTI Oil at $45.10 (+0.65 %), Brent Oil at $46.15 (+0.70 %) Rates: US 10 year yield at 1.87, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-3rd-may-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 3rd May: 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-16867","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\/16867","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=16867"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16867\/revisions"}],"predecessor-version":[{"id":16868,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16867\/revisions\/16868"}],"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=16867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}