{"id":17045,"date":"2016-05-20T10:09:40","date_gmt":"2016-05-20T04:39:40","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17045"},"modified":"2016-05-20T10:09:40","modified_gmt":"2016-05-20T04:39:40","slug":"friday-20th-may-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-20th-may-european-open-briefing\/","title":{"rendered":"Friday 20th 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 0.65 %, Shanghai Composite gained 0.10 %, Hang Seng rose 1.20 %, ASX 200 rallied 0.70 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1255 (+0.05 %), Silver at $16.51 (+0.10 %), WTI Oil at $49.20 (+0.90 %), Brent Oil at $49.25 (+0.90 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.84, UK 10 year yield at 1.44, German 10 year yield at 0.17\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tNew Zealand Credit Card Spending (MoM) Apr: 2.5% (prev rev -1.4%)\n\t<\/li>\n<li>\n\t\tNew Zealand Credit Card Spending (YoY) Apr: 9.1% (prev 4.8%)\n\t<\/li>\n<li>\n\t\tRBA&#39;s Edwards: Country At Risk Of AAA Loss &#8212; Australian\n\t<\/li>\n<li>\n\t\tRBA&rsquo;s Edwards: Chatter Over Lower Inflation Target &quot;Wildly Premature&quot; &#8212; WSJ\n\t<\/li>\n<li>\n\t\tEdwards: 2 to 3% inflation target has always been flexible\n\t<\/li>\n<li>\n\t\tRBA&rsquo;s Edwards: Economy has &#39;pep&#39;, its adding jobs\n\t<\/li>\n<li>\n\t\tBoJ Gov Kuroda Stresses Readiness To Act If Yen Rise Threatens Inflation Goal &#8212; WSJ\n\t<\/li>\n<li>\n\t\tGerman MoF: Sees 1.7% GDP Growth In 2016 After Strong Q1 Gains &#8212; BBG\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan At 6.5510 (prev 6.5531)\n\t<\/li>\n<li>\n\t\tAsian shares poised for weekly loss, Fed talk lifts dollar &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices rise as turmoil in Nigeria adds to global supply disruptions &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar weakened slightly against most major currencies overnight, except the Japanese Yen. USD\/JPY started the trading day at 109.95 and rose to a high of 110.15 later in the session, supported by the rally in Japanese equity markets. Resistance is seen at 110.40 and 110.60; support lies at 109.65.\n<\/p>\n<p>\n\tEUR\/USD volatility has been subdued in the past 12 hours and the pair consolidated in a 1.1195-1.1210 range overnight. Similar price action was seen in GBP\/USD, which was caught in a 1.4590-1.4610 range. The Pound has remained resilient after stronger than expected UK retail sales data and the Brexit referendum poll on Wednesday.\n<\/p>\n<p>\n\tAUD\/USD recovered after bouncing off 0.7175 yesterday and rose to 0.7242 in Asia. NZD\/USD found support at 0.6710 in yesterday&#39;s NY session and reached 0.6740 ahead of the Asian open. Later in the session, it extended gains to 0.6775.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t13:30 BST &#8211; Canadian CPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Retail Sales\n\t<\/li>\n<li>\n\t\t14:00 BST &#8211; FOMC Member Tarullo speaks\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Existing Home Sales\n\t<\/li>\n<li>\n\t\t20:30 BST &#8211; CFTC Positioning Data\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.65 %, Shanghai Composite gained 0.10 %, Hang Seng rose 1.20 %, ASX 200 rallied 0.70 % Commodities: Gold at $1255 (+0.05 %), Silver at $16.51 (+0.10 %), WTI Oil at $49.20 (+0.90 %), Brent Oil at $49.25 (+0.90 %) Rates: US 10 year yield at 1.84, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-20th-may-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 20th 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-17045","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\/17045","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=17045"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17045\/revisions"}],"predecessor-version":[{"id":17046,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17045\/revisions\/17046"}],"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=17045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}