{"id":17183,"date":"2016-06-06T09:54:00","date_gmt":"2016-06-06T04:24:00","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17183"},"modified":"2016-06-06T09:54:00","modified_gmt":"2016-06-06T04:24:00","slug":"monday-6th-june-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-6th-june-european-open-briefing\/","title":{"rendered":"Monday 6th 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 0.70 %, Shanghai Composite fell 0.05 %, Hang Seng declined 0.30 %, ASX 200 rose 1.00 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1244 (+0.15 %), Silver at $16.42 (+0.30 %), WTI Oil at $49.10 (+0.90 %), Brent Oil at $50.00 (+0.70 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.71, UK 10 year yield at 1.27, German 10 year yield at 0.07\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia Melbourne Institute Inflation (MoM) May: -0.2% (prev. 0.10%)\n\t<\/li>\n<li>\n\t\tMelbourne Institute Inflation (YoY) May: 1.0% (prev. 1.50%)\n\t<\/li>\n<li>\n\t\tAustralia ANZ Job Advertisements (MoM) May: 2.4% (rev prev. -0.6% from -0.80%)\n\t<\/li>\n<li>\n\t\tUSD\/CNY midpoint 6.5497 (prev. 6.5793)\n\t<\/li>\n<li>\n\t\tJapan chief cabinet secretary Suga: Closely watching FX moves, stability is desirable &#8211; RTRS\n\t<\/li>\n<li>\n\t\tAsian shares rise, dollar nurses losses after jobs shock &#8211; RTRS\n\t<\/li>\n<li>\n\t\tU.S. supports China&#39;s market reforms, capacity cuts: U.S. treasury secretary &#8211; RTRS\n\t<\/li>\n<li>\n\t\tStumbling dollar, Nigeria sabotage push Brent to $50 per barrel &#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 38K short prior week\n\t<\/li>\n<li>\n\t\tGBP short 33K vs 33K short prior week\n\t<\/li>\n<li>\n\t\tJPY long 15K vs. 22K long prior week\n\t<\/li>\n<li>\n\t\tCAD long 26K vs 20K long prior week\n\t<\/li>\n<li>\n\t\tCHF no net position vs 4K long prior week\n\t<\/li>\n<li>\n\t\tAUD short 5K vs. 0.1K long prior week\n\t<\/li>\n<li>\n\t\tNZD&nbsp; long 5.5K vs 4.6K 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 recovered slightly overnight. EUR\/USD opened around 1.1350 and fell to a low of 1.1340, down 30 pips from Friday&#39;s high. Support is seen at 1.13 and 1.1250. GBP\/USD fell sharply in the early Asian session as new polls showed that the &quot;leave&quot; campaign for this month&#39;s Brexit vote are now leading. The pair fell from 1.4470 to a low of 1.43600, with which it erased all of its post-NFP gains from Friday.\n<\/p>\n<p>\n\tUSD\/JPY found decent support at 106.40 and bounced from there. It rallied back above 107.00 and reached a high of 107.18. Resistance is noted at 107.80 and 108.20, while support is seen at 105.50 and 105.20.\n<\/p>\n<p>\n\tThe commodity currencies declined in Asia. AUD\/USD opened around 0.7360, mostly unchanged from Friday&#39;s close, and fell to 0.7315 later in the session. NZD\/USD declined from 0.6950 to 0.6910, while USD\/CAD rose from 1.2930 to 1.2970.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 BST &#8211; German Factory Orders\n\t<\/li>\n<li>\n\t\t07:15 BST &#8211; FOMC Member Rosengren speaks\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; ECB&#39;s Nowotny speaks\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; Euro Zone Sentix Investor Confidence\n\t<\/li>\n<li>\n\t\t17:30 BST &#8211; Fed Chair Yellen speaks\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, June 7th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t05:30 BST &#8211; RBA Rate Decision\n\t<\/li>\n<li>\n\t\t06:00 BST &#8211; Japanese Leading Index\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German Industrial Production\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; French Trade Balance\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone GDP\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; Canadian Ivey 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>Wednesday, June 8th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:50 BST &#8211; Japanese GDP\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Australian Home Loans\n\t<\/li>\n<li>\n\t\t03:30 BST &#8211; Chinese Trade Balance\n\t<\/li>\n<li>\n\t\t08:15 BST &#8211; Swiss CPI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Industrial Production\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Manufacturing Production\n\t<\/li>\n<li>\n\t\t13:15 BST &#8211; Canadian Housing Starts\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Building Permits\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; UK NIESR GDP Estimate\n\t<\/li>\n<li>\n\t\t15:30 BST &#8211; US Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t22:00 BST &#8211; RBNZ Rate Decision\n\t<\/li>\n<li>\n\t\t22:00 BST &#8211; RBNZ Rate Statement\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, June 9th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:00 BST &#8211; RBNZ Governor Wheeler speaks\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Chinese CPI\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Chinese PPI\n\t<\/li>\n<li>\n\t\t06:45 BST &#8211; Swiss Unemployment Rate\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German Trade Balance\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; ECB President Draghi speaks\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Trade Balance\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; Canadian New Housing Price Index\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Wholesale Inventories\n\t<\/li>\n<li>\n\t\t16:15 BST &#8211; Bank of Canada Governor Poloz speaks\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, June 10th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:50 BST &#8211; Japanese PPI\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German CPI\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; French Industrial Production\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; Bundesbank President Weidmann speaks\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Employment Change\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Unemployment Rate\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Michigan Consumer Sentiment\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 down 0.70 %, Shanghai Composite fell 0.05 %, Hang Seng declined 0.30 %, ASX 200 rose 1.00 % Commodities: Gold at $1244 (+0.15 %), Silver at $16.42 (+0.30 %), WTI Oil at $49.10 (+0.90 %), Brent Oil at $50.00 (+0.70 %) Rates: US 10 year yield at 1.71, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-6th-june-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 6th 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-17183","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\/17183","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=17183"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17183\/revisions"}],"predecessor-version":[{"id":17184,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17183\/revisions\/17184"}],"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=17183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}