{"id":16934,"date":"2016-05-10T09:59:14","date_gmt":"2016-05-10T04:29:14","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16934"},"modified":"2016-05-10T09:59:14","modified_gmt":"2016-05-10T04:29:14","slug":"tuesday-10th-may-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-10th-may-european-open-briefing\/","title":{"rendered":"Tuesday 10th 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: Nikkei up 2.10 %, Shanghai Composite gained 0.20 %, Hang Seng fell 0.05 %, ASX 200 rose 0.20 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1266 (-0.05 %), Silver at $17.05 (-0.35 %), WTI Oil at $43.45 (-0.05 %), Brent Oil at $43.85 (+0.45 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.77, UK 10 year yield at 1.41, German 10 year yield at 0.13\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>News &amp; Data:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tAustralia ANZ Roy Morgan Weekly Consumer Confidence Index (W\/E 08 May): 113.9 (prev 113.9)\n\t<\/li>\n<li>\n\t\tUK BRC Sales Like-For-Like (YoY) Apr: -0.9% (exp 0.5% prev -0.7%)\n\t<\/li>\n<li>\n\t\tFed&#39;s Williams: Fed Should Re-Evaluate 2% Inflation Goal In Future\n\t<\/li>\n<li>\n\t\tWilliams: CNY Unlikely To Replace USD As Reserve Currency Of Choice\n\t<\/li>\n<li>\n\t\tAsian stocks at 2-month lows as oil weighs; dollar up &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices stable as brimming storage counters supply disruptions &#8211; RTRS\n\t<\/li>\n<li>\n\t\tJapan will intervene if &#39;one-sided&#39; yen moves persist: Aso &#8211; RTRS\n\t<\/li>\n<li>\n\t\tYen pressured after Japan&#39;s verbal warning, dollar gains traction &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar further extended gains today. USD\/JPY rallied from 108.30 to 108.80 after a warning from Japan&#39;s finance minister that Japan will intervene if one-sided yen moves persist. Resistance now lies at 109.25 and 110.00.\n<\/p>\n<p>\n\tPrice action in the other major pairs was rather quiet overnight. EUR\/USD traded in a 1.1370-90 range, while GBP\/USD consolidated between 1.4395 and 1.4420.\n<\/p>\n<p>\n\tAUD\/USD fell to 0.73 after the Tokyo open, but was able to bounce from there and recovered to 0.7340. NZD\/USD has broken below 0.6760 support overnight and extended losses to 0.6733 later in the session.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 BST &#8211; German Industrial Production\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German Trade Balance\n\t<\/li>\n<li>\n\t\t08:15 BST &#8211; FOMC Member Dudley speaks\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Norwegian CPI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Trade Balance\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US JOLTs Job Openings\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Wholesale Inventories\n\t<\/li>\n<li>\n\t\t21:35 BST &#8211; US API Weekly Crude Oil Stock\n\t<\/li>\n<li>\n\t\t22:05 BST &#8211; RBNZ Governor Wheeler speaks\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 2.10 %, Shanghai Composite gained 0.20 %, Hang Seng fell 0.05 %, ASX 200 rose 0.20 % Commodities: Gold at $1266 (-0.05 %), Silver at $17.05 (-0.35 %), WTI Oil at $43.45 (-0.05 %), Brent Oil at $43.85 (+0.45 %) Rates: US 10 year yield at 1.77, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-10th-may-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 10th 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-16934","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\/16934","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=16934"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16934\/revisions"}],"predecessor-version":[{"id":16935,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16934\/revisions\/16935"}],"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=16934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}