{"id":16891,"date":"2016-05-05T10:06:41","date_gmt":"2016-05-05T04:36:41","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16891"},"modified":"2016-05-05T10:06:41","modified_gmt":"2016-05-05T04:36:41","slug":"thursday-5th-may-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/thursday-5th-may-european-open-briefing\/","title":{"rendered":"Thursday 5th 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 fell 0.25 %, Hang Seng declined 0.45 %, ASX 200 lost 0.10 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1282 (+0.65 %), Silver at $17.47 (+1.00 %), WTI Oil at $44.70 (+2.10 %), Brent Oil at $45.35 (+1.60 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.78, UK 10 year yield at 1.52, German 10 year yield at 0.20\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 Services PMI (Apr): 51.8 (prev 52.2)\n\t<\/li>\n<li>\n\t\tChina Caixin Composite PMI (Apr): 50.8 (prev 51.3)\n\t<\/li>\n<li>\n\t\tAustralia Retail Sales (MoM) Mar: 0.4% (exp 0.3% prev 0.0%)\n\t<\/li>\n<li>\n\t\tAustralia Retail Sales Ex-Inflation (QoQ) Q1: 0.5% (exp 0.7% prev 0.6%)\n\t<\/li>\n<li>\n\t\tAustralia Trade Balance (Mar): AUD -2163mln (AUD -2900mln prev AUD -3410mln)\n\t<\/li>\n<li>\n\t\tAustralia HIA New Home Sales (MoM) Mar: 8.9% (prev -5.3%)\n\t<\/li>\n<li>\n\t\tHong Kong Nikkei PMI (Apr): 45.3 (prev 45.5)\n\t<\/li>\n<li>\n\t\tSingapore Nikkei PMI (Apr): 49.4 (prev 52.0)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan At 6.5128 (prev 6.4943)\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tAfter high volatility on Monday and Tuesday, markets have calmed down and in Asia, price action in the major pairs was quiet. EUR\/USD traded 1.1482-93, while GBP\/USD was caught in a 1.4491-1.4520 range. Renewed Brexit worries and weak UK econ data have put the British Pound under pressure and it is down almost 300 pips from Tuesday&#39;s high at 1.4718.\n<\/p>\n<p>\n\tUSD\/JPY started the new trading around 106.95 and rallied to a high of 107.20. It consolidated between 106.88 and 107.20 for the rest of the session. The commodity currencies bounced slightly, with AUD\/USD rising from 0.7460 to 0.7495 and NZD\/USD from 0.6860 to 0.69 overnight. The Australian Dollar was supported by better than expected retail sales and trade data.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:30 BST &#8211; UK Halifax House Price Index\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; ECB Economic Bulletin\n\t<\/li>\n<li>\n\t\t09:10 BST &#8211; Euro Zone Retail PMI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Services PMI\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; Canadian Building Permits\n\t<\/li>\n<li>\n\t\t16:30 BST &#8211; FOMC Member Bullard speaks\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Shanghai Composite fell 0.25 %, Hang Seng declined 0.45 %, ASX 200 lost 0.10 % Commodities: Gold at $1282 (+0.65 %), Silver at $17.47 (+1.00 %), WTI Oil at $44.70 (+2.10 %), Brent Oil at $45.35 (+1.60 %) Rates: US 10 year yield at 1.78, UK 10 year yield at &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/thursday-5th-may-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 5th 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-16891","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\/16891","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=16891"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16891\/revisions"}],"predecessor-version":[{"id":16892,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16891\/revisions\/16892"}],"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=16891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}