{"id":17334,"date":"2016-06-21T10:12:50","date_gmt":"2016-06-21T04:42:50","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17334"},"modified":"2016-06-21T10:12:50","modified_gmt":"2016-06-21T04:42:50","slug":"tuesday-21st-june-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-21st-june-european-open-briefing\/","title":{"rendered":"Tuesday 21st 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 gained 0.50 %, Shanghai Composite rose 0.30 %, Hang Seng rallied 0.45 %, ASX 200 up 0.15 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1288 (-0.30 %), Silver at $17.50 (-0.10 %), WTI Oil at $49.80 (-0.35 %), Brent Oil at $50.40 (-0.50 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.66, UK 10 year yield at 1.26, German 10 year yield at 0.06\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan Manufacturers Index June: 3 (prev. 2)\n\t<\/li>\n<li>\n\t\tJapan Non-Manufacturers Index June: 17 (prev. 19)\n\t<\/li>\n<li>\n\t\tAustralia ANZ Roy Morgan Weekly Consumer Confidence Index Jun-21: 118.8 (prev. 116.4)\n\t<\/li>\n<li>\n\t\tAustralia House Price Index (QoQ) Q1: -0.2% (est. 0.80%, prev. 0.20%)\n\t<\/li>\n<li>\n\t\tAustralia House Price Index (YoY) Q1: 6.8% (est. 7.50%, prev. 8.70%)\n\t<\/li>\n<li>\n\t\tRBA Minutes: Leaving Rates On Hold in June Was Consistent With Sustainable Growth; Inflation Expected to Remain Low for Some Time\n\t<\/li>\n<li>\n\t\tRBA Minutes: Appreciation of AUD could complicated adjustment of economy\n\t<\/li>\n<li>\n\t\tJapan FinMin Aso: Will not intervene in FX market easily\n\t<\/li>\n<li>\n\t\tORB\/Telegraph Poll shows 53% Remain, 46% Leave\n\t<\/li>\n<li>\n\t\tNatcen poll shows 53% Remain, 47% Leave\n\t<\/li>\n<li>\n\t\tYouGov\/Times poll shows 42% Remain, 44% Leave, 9% Don&#39;t Know, 4% Would Not Vote\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe Pound consolidated after rallying more than 2 % yesterday, one of its largest intraday gains in several years. GBP\/USD started the day in Asia around 1.4630 and rallied to a high of 1.4695. It ran out of momentum there and fell back to 1.4640 and was caught in a 1.4640-70 range for the rest of the session. With only two more days before the Brexit vote, volatility will remain at extreme levels and sudden moves like yesterday&#39;s 100 pips decline in a minute, will be common.\n<\/p>\n<p>\n\tEUR\/USD traded in 1.1306-43 range in Asia. The currency initially benefited from the Pound&#39;s strength, but reversed its gains in yesterday&#39;s EU session. USD\/JPY failed to benefit from the risk-on sentiment as well, as it quickly filled the weekend gap and finished the day at 103.85. In Asia, it extended losses to 103.60.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 BST &ndash; Swiss Trade Balance\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; German ZEW Economic Sentiment\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone ZEW Economic Sentiment\n\t<\/li>\n<li>\n\t\t11:00 BST &#8211; UK CBI Industrial Orders\n\t<\/li>\n<li>\n\t\t13:55 BST &#8211; US Redbook\n\t<\/li>\n<li>\n\t\t14:00 BST &#8211; ECB President Draghi speaks\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; Fed Chair Yellen speaks\n\t<\/li>\n<li>\n\t\t19:30 BST &#8211; FOMC Member Powell speaks\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei gained 0.50 %, Shanghai Composite rose 0.30 %, Hang Seng rallied 0.45 %, ASX 200 up 0.15 % Commodities: Gold at $1288 (-0.30 %), Silver at $17.50 (-0.10 %), WTI Oil at $49.80 (-0.35 %), Brent Oil at $50.40 (-0.50 %) Rates: US 10 year yield at 1.66, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-21st-june-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 21st 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-17334","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\/17334","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=17334"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17334\/revisions"}],"predecessor-version":[{"id":17335,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17334\/revisions\/17335"}],"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=17334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}