{"id":17232,"date":"2016-06-10T10:14:15","date_gmt":"2016-06-10T04:44:15","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17232"},"modified":"2016-06-10T10:14:15","modified_gmt":"2016-06-10T04:44:15","slug":"friday-10th-june-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-10th-june-european-open-briefing\/","title":{"rendered":"Friday 10th 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 0.80 %, Hang Seng lost 0.70 %, ASX 200 declined 0.90 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1269 (-0.25 %), Silver at $17.28 (+0.10 %), WTI Oil at $50.40 (-0.30 %), Brent Oil at $51.80 (-0.30 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.68, UK 10 year yield at 1.25, German 10 year yield at 0.03\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan PPI (MoM) May: 0.2% (est. 0.10%, rev prev. -0.4% from -0.30%)\n\t<\/li>\n<li>\n\t\tJapan PPI (YoY) May: -4.2% (est. -4.20%, prev. -4.20%)\n\t<\/li>\n<li>\n\t\tNew Zealand Card Spending Retail (MoM) May: -0.3% (est. 0.50%, prev. 0.90%)\n\t<\/li>\n<li>\n\t\tNew Zealand Card Spending Total (MoM) May: -0.6% (prev. 1.50%)\n\t<\/li>\n<li>\n\t\tStocks down, bonds rally as &#39;Brexit&#39; vote looms &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar enjoys reprieve as euro, sterling feel the heat &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil stable on firm demand, supply disruptions; strong dollar weighs &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tGBP\/USD remains under pressure ahead of the Brexit vote, but volatility has calmed down a bit in the past 24 hours. Overnight, the pair consolidated between 1.4445 and 1.4465. Key support is seen at 1.4350, while resistance lies at 1.4520 and 1.4580.\n<\/p>\n<p>\n\tThe Euro also weakened and rallies are likely to be limited in the short-term, as a Brexit would be EUR-negative as well. EUR\/USD fell from 1.1415 to 1.1305 yesterday and in Asia it extended losses to 1.1290.\n<\/p>\n<p>\n\tThe EUR and GBP weakness boosted the US Dollar. USD\/JPY bounced off 106.30 and rallied to a high of 107.10 ahead of the Asian open. As Tokyo opened, the pair extended gains to 107.25.\n<\/p>\n<p>\n\tAUD\/USD has retraced some of its post-RBA gains and fell back to 0.7405 overnight, after trading as high as 0.7050 yesterday.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 BST &#8211; German CPI\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; Bundesbank President Weidmann speaks\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Norwegian CPI\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; Michigan Consumer Confidence\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 0.80 %, Hang Seng lost 0.70 %, ASX 200 declined 0.90 % Commodities: Gold at $1269 (-0.25 %), Silver at $17.28 (+0.10 %), WTI Oil at $50.40 (-0.30 %), Brent Oil at $51.80 (-0.30 %) Rates: US 10 year yield at 1.68, UK 10 year yield at 1.25, &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-10th-june-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 10th 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-17232","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\/17232","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=17232"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17232\/revisions"}],"predecessor-version":[{"id":17233,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17232\/revisions\/17233"}],"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=17232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}