{"id":17346,"date":"2016-06-22T10:12:19","date_gmt":"2016-06-22T04:42:19","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17346"},"modified":"2016-06-22T10:12:19","modified_gmt":"2016-06-22T04:42:19","slug":"wednesday-22nd-june-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/wednesday-22nd-june-european-open-briefing\/","title":{"rendered":"Wednesday 22nd 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 0.55 %, Shanghai Composite gained 0.45 %, Hang Seng rose 0.40 %, ASX 200 rallied 0.30 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1271 (-0.10 %), Silver at $17.27 (-0.30 %), WTI Oil at $50.15 (+0.60 %), Brent Oil at $50.90 (+0.50 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.69, UK 10 year yield at 1.30, 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\tAustralia Westpac Leading Index (MoM) May: 0.21% (rev prev. 0.14% from 0.24%)\n\t<\/li>\n<li>\n\t\tAustralia Skilled Vacancies (MoM) May: 1.0% (prev. 0.60%)\n\t<\/li>\n<li>\n\t\tNew Zealand Credit Card Spending (MoM) May: 0.0% (prev 2.5%)\n\t<\/li>\n<li>\n\t\tPBOC sets USD\/CNY fix at 6.5935 (prev fix 6.5656, prev close 6.5900)\n\t<\/li>\n<li>\n\t\tBoJ&#39;s Kuroda: Deflationary mind-set deeply rooted in Japan, FX and stock markets sometimes don&#39;t move too much\n\t<\/li>\n<li>\n\t\tBoJ&#39;s Kuroda: Wage will rise if prices rise; Results of fiscal and monetary policy don&#39;t always turn out as expected\n\t<\/li>\n<li>\n\t\tAsia stocks inch up, nerves fray ahead of Brexit vote &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices above $50, buoyed by U.S. stock draw &#8211; RTRS\n\t<\/li>\n<li>\n\t\tFed warns U.S. equity valuations &#39;well above&#39; median &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar fell overnight as risk appetite improved and GBP volatility remains high one day ahead of the Brexit vote. GBP\/USD was rejected off 1.4780 resistance yesterday and fell to a low of 1.4620 in the late NY session. In Asia, the pair recovered, rising to a high of 1.4690.\n<\/p>\n<p>\n\tEUR\/USD saw a sharp decline to 1.1245 yesterday, but bounced in Asia and rose to a high of 1.1270. The Euro will be very sensitive to the Brexit vote outcome as well, so expect high volatility in all EUR pairs.\n<\/p>\n<p>\n\tMeanwhile, USD\/JPY benefited from the rise in equity markets yesterday, but broad USD selling put it under slight pressure overnight. The pair fell from 104.90 in the early Asian session to a low of 104.40. Support is now seen at 104.20, followed by 103.55.\n<\/p>\n<p>\n\tThe commodity currencies are all bid, with the Australian and New Zealand Dollar up 0.30 % against the USD. NZD\/USD posted a fresh one year high yesterday, but ran out of momentum at 0.7170.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t10:00 BST &#8211; Swiss ZEW Expectations\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Retail Sales\n\t<\/li>\n<li>\n\t\t14:00 BST &#8211; US House Price Index\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Existing Home Sales\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; Fed Chair Yellen testifies\n\t<\/li>\n<li>\n\t\t15:30 BST &#8211; US Crude Oil Inventories\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.55 %, Shanghai Composite gained 0.45 %, Hang Seng rose 0.40 %, ASX 200 rallied 0.30 % Commodities: Gold at $1271 (-0.10 %), Silver at $17.27 (-0.30 %), WTI Oil at $50.15 (+0.60 %), Brent Oil at $50.90 (+0.50 %) Rates: US 10 year yield at 1.69, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/wednesday-22nd-june-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 22nd 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-17346","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\/17346","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=17346"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17346\/revisions"}],"predecessor-version":[{"id":17347,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17346\/revisions\/17347"}],"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=17346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}