{"id":17511,"date":"2016-07-08T10:24:25","date_gmt":"2016-07-08T04:54:25","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17511"},"modified":"2016-07-08T10:24:25","modified_gmt":"2016-07-08T04:54:25","slug":"friday-8th-july-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-8th-july-european-open-briefing\/","title":{"rendered":"Friday 8th July: 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 0.85 %, Shanghai Composite lost 0.90 %, Hang Seng declined 1.10 %, ASX fell 0.10 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1360 (-0.10 %), Silver at $19.79 (-0.20 %), WTI Oil at $45.55 (+0.90 %), Brent Oil at $46.90 (+1.10 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.35, UK 10 year yield at 0.77, German 10 year yield at -0.17\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapanese Labour Cash Earnings (YoY) May: -0.2%% (est 0.5%, prev 0.3%, rev 0.0%)\n\t<\/li>\n<li>\n\t\tJapanese Trade Balance BoP Basis (JPY) May: 39.9bln (est 56bln, prev 697.1bln)\n\t<\/li>\n<li>\n\t\tJapanese Bank Lending ex-Trusts (YoY) Jun: 2.0% (est 2.2%, prev 2.2%)\n\t<\/li>\n<li>\n\t\tJapanese BoP Current Account Balance (JPY) May: 1.809tln (est 1.751tln, prev 1.879tln)\n\t<\/li>\n<li>\n\t\tUK GfK Consumer Confidence Jul: -9 (prev -1)\n\t<\/li>\n<li>\n\t\tANZ: New Zealand Q2 inflation gauge up to 0.5% QoQ &#8211; BBG\n\t<\/li>\n<li>\n\t\tPBOC Fixes Yuan Reference Rate At 6.6853 (prev 6.6820)\n\t<\/li>\n<li>\n\t\tAsian stocks set for weekly drop as investors seek safety; gold shines &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil rebounds from two-month lows, outlook seen volatile &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tUSD\/JPY fell to new lows overnight, along with Asian stock markets. The pair opened around 100.90 in Sydney, but came under renewed pressure after the Tokyo open and eventually reached a low of 100.25. There is an increased risk of BoJ intervention should USD\/JPY fall back below 100. Meanwhile, GBP\/USD had a third bounce off the 1.2875 level and rallied to 1.2960 in Asia. Resistance is seen at 1.2980 and 1.3050. EUR\/USD flows were light again and the pair consolidated in a 1.1060-85 range.\n<\/p>\n<p>\n\tThe Australian Dollar held well this week, despite the risk-off sentiment and the uncertainties around the Australian election. Overnight, it traded within a 0.7475-0.7515 range. NZD\/USD started the new trading around 0.7210 and rallied to 0.7275 later in the session, only 30 pips shy from the current 2016 high.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\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\t09:30 BST &#8211; UK Trade Balance\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US NFP\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Unemployment Rate\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\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 0.85 %, Shanghai Composite lost 0.90 %, Hang Seng declined 1.10 %, ASX fell 0.10 % Commodities: Gold at $1360 (-0.10 %), Silver at $19.79 (-0.20 %), WTI Oil at $45.55 (+0.90 %), Brent Oil at $46.90 (+1.10 %) Rates: US 10 year yield at 1.35, UK 10 &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-8th-july-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 8th July: 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-17511","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\/17511","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=17511"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17511\/revisions"}],"predecessor-version":[{"id":17512,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17511\/revisions\/17512"}],"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=17511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}