{"id":17095,"date":"2016-05-26T10:01:56","date_gmt":"2016-05-26T04:31:56","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17095"},"modified":"2016-05-26T10:01:56","modified_gmt":"2016-05-26T04:31:56","slug":"thursday-26th-may-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/thursday-26th-may-european-open-briefing\/","title":{"rendered":"Thursday 26th 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 0.35 %, Shanghai Composite fell 1.00 %, Hang Seng declined 0.30 %, ASX 200 rose 0.10 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1230 (+0.50 %), Silver at $16.45 (+1.15 %), WTI Oil at $49.90 (+0.70 %), Brent Oil at $50.10 (+0.70 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.85, UK 10 year yield at 1.46, German 10 year yield at 0.16\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia Private Capital Expenditure (QoQ) Q1: -5.2% (exp -3.5% prev rev 1.8% from 0.8%)\n\t<\/li>\n<li>\n\t\tJapan PPI Services (YoY) Apr: 0.2% (exp 0.2% prev 0.2%)\n\t<\/li>\n<li>\n\t\tChina Iron Ore Production (YoY) Apr: 2.3%\n\t<\/li>\n<li>\n\t\tSouth Korea Consumer Confidence (May): 99 (prev 101)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan At 6.5552 (prev 6.5693)\n\t<\/li>\n<li>\n\t\tBMG UK EU Poll: Remain 44% Leave 45%\n\t<\/li>\n<li>\n\t\tNZ Budget: Sees GDP Growth Of 2.9% In 2016, 3.3% In 2017\n\t<\/li>\n<li>\n\t\tNZ Budget: Forecasts Jobless Rate Falling To 4.6% In 2019\n\t<\/li>\n<li>\n\t\tNZ Budget: Forecasts 2017-18 Budget Surplus Of NZ$2.46bln\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe Australian Dollar fell sharply against most other currencies after weaker than expected CAPEX numbers. AUD\/USD declined to 0.7160, but quickly reversed losses and is currently back above 0.72. NZD\/USD price action was choppy as well, with the pair declining to 0.6695, but then bouncing back to 0.6725.\n<\/p>\n<p>\n\tUSD\/JPY came under pressure in the early Asian session and fell from 110.20 to a low of 109.45. Support is now seen at 109.10 and 108.70. EUR\/USD is slowly moving higher after finding support at 1.1130. The pair rose to a high of 1.1185 overnight. Meanwhile, the Pound continues to climb higher as Brexit worries eased a bit. GBP\/USD reached a high of 1.4720 overnight.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:30 BST &#8211; UK GDP\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; US Durable Goods Orders\n\t<\/li>\n<li>\n\t\t14:00 BST &#8211; RBA Assistant Governor Debelle speaks\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Pending Home Sales\n\t<\/li>\n<li>\n\t\t19:00 BST &ndash; FOMC Member Powell speaks\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.35 %, Shanghai Composite fell 1.00 %, Hang Seng declined 0.30 %, ASX 200 rose 0.10 % Commodities: Gold at $1230 (+0.50 %), Silver at $16.45 (+1.15 %), WTI Oil at $49.90 (+0.70 %), Brent Oil at $50.10 (+0.70 %) Rates: US 10 year yield at 1.85, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/thursday-26th-may-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 26th 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-17095","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\/17095","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=17095"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17095\/revisions"}],"predecessor-version":[{"id":17097,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17095\/revisions\/17097"}],"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=17095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}