{"id":17120,"date":"2016-05-30T09:59:54","date_gmt":"2016-05-30T04:29:54","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17120"},"modified":"2016-05-30T11:29:08","modified_gmt":"2016-05-30T05:59:08","slug":"monday-30th-may-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-30th-may-european-open-briefing\/","title":{"rendered":"Monday 30th 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 0.90 %, Shanghai Composite gained 0.20 %, Hang Seng rose 0.50 %, ASX 200 rallied 0.10 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1204 (-1.00 %), Silver at $1.98 (-1.80 %), WTI Oil at $49.38 (+0.10 %), Brent Oil at $49.90 (-0.10 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.85, UK 10 year yield at 1.43, German 10 year yield at 0.14\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan Retail Sales YoY (Apr): -0.80% (est -1.20%, prev -1.0%)\n\t<\/li>\n<li>\n\t\tJapan Retail Sales MoM (Apr): 0.0% (est -0.60%, prev 1.5%)\n\t<\/li>\n<li>\n\t\tAustralia HIA New Home Sales MoM (Apr): -4.70% (prev 8.90%)\n\t<\/li>\n<li>\n\t\tAustralia Inventories SA QoQ (Q1): 0.40% (est 0.0%, prev -0.40%)\n\t<\/li>\n<li>\n\t\tAustralia Company Operating Profit QoQ (Q1): -4.70% (est 0.40%, prev -2.80%)\n\t<\/li>\n<li>\n\t\tYuan reference rate set at 6.5784 (vs 6.5490)\n\t<\/li>\n<li>\n\t\tPBOC weakens yuan fixing to the lowest level since Feb 2011 &#8211;BBG\n\t<\/li>\n<li>\n\t\tFed&#39;s Bullard says global markets seem well-prepared for summer rate hike &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar\/yen hits one-month high after Yellen builds rate hike expectations &#8211; RTRS\n\t<\/li>\n<li>\n\t\tAsia shares slip, dollar firm after Yellen&#39;s hike remarks &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>CFTC Positioning Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tEUR short 38K vs 23K short prior week\n\t<\/li>\n<li>\n\t\tGBP&nbsp; short&nbsp; 33K vs. 38K short prior week\n\t<\/li>\n<li>\n\t\tJPY long 22K vs 59K long prior week\n\t<\/li>\n<li>\n\t\tCAD long 20K vs 23K long prior week\n\t<\/li>\n<li>\n\t\tCHF long 4K vs 4K long prior week\n\t<\/li>\n<li>\n\t\tAUD 0.1K long K vs. 25K long prior week\n\t<\/li>\n<li>\n\t\tNZD long 4.6K vs 7K long prior week\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar extended gains overnight, as Asia reacted to the hawkish remarks from Fed Chair Yellen on Friday. EUR\/USD started the new trading week around 1.1115 and fell to a low of 1.1097. GBP\/USD opened at 1.4605 and consolidated in a 1.4600-30 range. USD\/JPY had the largest move overnight, as it rallied from 110.35 at the open to 111.02 so far.\n<\/p>\n<p>\n\tAUD\/USD started the day at 0.7180 and fell to 0.7150 later in the session. NZD\/USD followed it lower and reached 0.6675 in Asia, but was able to bounce from there and is now basically unchanged on the day. Meanwhile, USD\/CAD rallied from 1.3020 to 1.3090.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:45 BST &#8211; French GDP\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Italian PPI\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone Consumer Confidence\n\t<\/li>\n<li>\n\t\t13:00 BST &#8211; German CPI\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, May 31th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t<strong>00:30 BST &#8211; Japan Unemployment Rate<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>00:50 BST &#8211; Japan Industrial Production<\/strong>\n\t<\/li>\n<li>\n\t\t02:00 BST &#8211; New Zealand ANZ Business Confidence\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Australian Current Account\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German Retail Sales\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; French CPI\n\t<\/li>\n<li>\n\t\t<strong>08:55 BST &#8211; German Unemployment Rate<\/strong>\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Italian CPI\n\t<\/li>\n<li>\n\t\t<strong>10:00 BST &#8211; Euro Zone CPI<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>10:00 BST &#8211; Euro Zone Unemployment Rate<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>13:30 BST &#8211; Canadian GDP<\/strong>\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Personal Spending\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Personal Income\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Chicago PMI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US CB Consumer Confidence\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, June 1st<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 BST &#8211; Australian AIG Manufacturing Index\n\t<\/li>\n<li>\n\t\t<strong>02:00 BST &#8211; Chinese Manufacturing PMI<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>02:30 BST &#8211; Australian GDP<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>02:45 BST &#8211; Chinese Caixin Manufacturing PMI<\/strong>\n\t<\/li>\n<li>\n\t\t06:45 BST &#8211; Swiss GDP\n\t<\/li>\n<li>\n\t\t08:15 BST &#8211; Swiss Retail Sales\n\t<\/li>\n<li>\n\t\t08:45 BST &#8211; Italian Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:50 BST &#8211; French Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:55 BST &#8211; German Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Manufacturing PMI\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Manufacturing PMI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US ISM Manufacturing PMI\n\t<\/li>\n<li>\n\t\t21:35 BST &#8211; US API Weekly Crude Oil Stock\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, June 2nd<\/u>\n<\/p>\n<ul>\n<li>\n\t\t<strong>02:30 BST &#8211; Australian Retail Sales<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>02:30 BST &#8211; Australian Trade Balance<\/strong>\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Construction PMI\n\t<\/li>\n<li>\n\t\t<strong>12:45 BST &#8211; ECB Rate Decision<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>13:15 BST &#8211; US ADP Nonfarm Employment Change<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>13:30 BST &#8211; ECB Press Conference<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>13:30 BST &#8211; US Initial Jobless Claims<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>14:00 BST &#8211; Bank of England Governor Carney speaks<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>15:45 BST &#8211; Bank of Canada Governor Poloz speaks<\/strong>\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Crude Oil Inventories\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, June 3rd<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 BST &#8211; Australian AIG Services Index\n\t<\/li>\n<li>\n\t\t<strong>02:45 BST &#8211; Chinese Caixin Services PMI<\/strong>\n\t<\/li>\n<li>\n\t\t08:45 BST &#8211; Italian Services PMI\n\t<\/li>\n<li>\n\t\t08:50 BST &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:55 BST &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Services PMI\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone Retail Sales\n\t<\/li>\n<li>\n\t\t<strong>13:30 BST &#8211; US NFP<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>13:30 BST &#8211; US Unemployment Rate<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>13:30 BST &#8211; US Average Hourly Earnings<\/strong>\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Trade Balance\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Trade Balance\n\t<\/li>\n<li>\n\t\t<strong>15:00 BST &#8211; US ISM Non-Manufacturing PMI<\/strong>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.90 %, Shanghai Composite gained 0.20 %, Hang Seng rose 0.50 %, ASX 200 rallied 0.10 % Commodities: Gold at $1204 (-1.00 %), Silver at $1.98 (-1.80 %), WTI Oil at $49.38 (+0.10 %), Brent Oil at $49.90 (-0.10 %) Rates: US 10 year yield at 1.85, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-30th-may-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 30th 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-17120","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\/17120","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=17120"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17120\/revisions"}],"predecessor-version":[{"id":17121,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17120\/revisions\/17121"}],"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=17120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}