{"id":17145,"date":"2016-06-01T10:13:43","date_gmt":"2016-06-01T04:43:43","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17145"},"modified":"2016-06-01T10:27:19","modified_gmt":"2016-06-01T04:57:19","slug":"wednesday-01st-june-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/wednesday-01st-june-european-open-briefing\/","title":{"rendered":"Wednesday 01st June: 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 down 0.90 %, Shanghai Composite gained 0.10 %, Hang Seng rose 0.05 %, ASX 200 lost 0.95 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1216 (-0.05 %), Silver at $16.00 (+0.05 %), WTI Oil at $48.65 (-0.90 %), Brent Oil at $49.40 (-1.00 %)\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\tAustralia GDP (QoQ) (Q1): +1.10% (est 0.80%, prev rev to +0.70% from 0.60%)\n\t<\/li>\n<li>\n\t\tAustralia GDP (YoY) (Q1): +3.10% (est 2.80%, prev rev to +2.90% from 3.00%)\n\t<\/li>\n<li>\n\t\tAustralia GDP Final Consumption (Q1): +0.7% (prev 0.7%)\n\t<\/li>\n<li>\n\t\tAustralia Capex -1.70% (prev rev to -0.2% from -0.6%)\n\t<\/li>\n<li>\n\t\tChina Caixin Manufacturing PMI (May): 49.2 (est 49.2, prev 49.4)\n\t<\/li>\n<li>\n\t\tChina Manufacturing PMI (May): 50.1 (est 50, prev 50.1)\n\t<\/li>\n<li>\n\t\tChina Non-Manufacturing PMI (May): 53.1 (prev 53.5) &#8211;BBG\n\t<\/li>\n<li>\n\t\tJapan Manufacturing PMI (May F): 47.7 (flash 47.6, prev 48.2)\n\t<\/li>\n<li>\n\t\tJapan Capex (YoY) (Q1): 4.20% (est 2.40%, prev 8.50%)\n\t<\/li>\n<li>\n\t\tJapan Company Profits (YoY) (Q1): -9.30% (prev -1.70%)\n\t<\/li>\n<li>\n\t\tJapan Company Sales (YoY) (Q1): -3.30% (prev -2.70%)\n\t<\/li>\n<li>\n\t\tAustralia AIG Manufacturing Index (May): 51.0 (prev 53.4)\n\t<\/li>\n<li>\n\t\tUK BRC Shop Price Index (YoY): -1.80% (prev -1.70%)\n\t<\/li>\n<li>\n\t\tNew Zealand Terms of Trade (Q1): +4.40% (est -0.20%, prev -2.0%)\n\t<\/li>\n<li>\n\t\tNew Zealand QV House Prices YoY (May): 12.40% (prev 12.0%)\n\t<\/li>\n<li>\n\t\tSouth Korea CPI (MoM) (May): 0.0% (est 0.20%, prev 0.10%)\n\t<\/li>\n<li>\n\t\tSouth Korea CPI (YoY): 0.80% (est 0.90%, prev 1.00%)\n\t<\/li>\n<li>\n\t\tSouth Korea Trade Balance (USD) (May): 7.082bn (est 9.64B, prev 8.82B)\n\t<\/li>\n<li>\n\t\tSouth Korea Exports (YoY) (May): -6.0% (est -0.40%, prev -11.20%)\n\t<\/li>\n<li>\n\t\tSouth Korea Imports (YoY) (May): -9.30% (est -9.70%, prev -14.90%)\n\t<\/li>\n<li>\n\t\tPBOC fixes yuan at 6.5889 (prev fix 6.579, prev close 6.5783)\n\t<\/li>\n<li>\n\t\tChina GDP growth in 2016 may be around 6.70% &#8211;Sec Journal\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe Australian Dollar rallied after better than expected GDP data. AUD\/USD rose from 0.7240 to a high of 0.73, while AUD\/NZD jumped from 1.0660 to 1.0740. AUD\/USD technicals have turned bullish, with the double bottom pattern at 0.7145 confirmed. Resistance is seen at 0.7330, while support now lies at 0.7220 and 0.7180.\n<\/p>\n<p>\n\tThe New Zealand Dollar continues to be bid as well, with NZD\/USD breaking above 0.68 overnight. Resistance is now seen at 0.6840. USD\/CAD fell from 1.3135 to 1.3050 overnight, despite the decline in oil prices.\n<\/p>\n<p>\n\tEUR\/USD was quiet as usual, trading in a 1.1115-35 range. GBP\/USD saw high volatility yesterday, but calmed down in Asia and consolidated between 1.4460 and 1.45.\n<\/p>\n<p>\n\tUSD\/JPY came under pressure in the early session and fell to a low of 110.40, but i t was able to bounce from there and rose back to 110.70.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\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&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.90 %, Shanghai Composite gained 0.10 %, Hang Seng rose 0.05 %, ASX 200 lost 0.95 % Commodities: Gold at $1216 (-0.05 %), Silver at $16.00 (+0.05 %), WTI Oil at $48.65 (-0.90 %), Brent Oil at $49.40 (-1.00 %) Rates: US 10 year yield at 1.85, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/wednesday-01st-june-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 01st June: 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-17145","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\/17145","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=17145"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17145\/revisions"}],"predecessor-version":[{"id":17147,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17145\/revisions\/17147"}],"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=17145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}