{"id":17546,"date":"2016-07-12T10:14:10","date_gmt":"2016-07-12T04:44:10","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17546"},"modified":"2016-07-12T10:14:10","modified_gmt":"2016-07-12T04:44:10","slug":"tuesday-12th-july-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-12th-july-european-open-briefing\/","title":{"rendered":"Tuesday 12th 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 up 2.85 %, Shanghai Composite gained 0.20 %, Hang Seng rallied 0.50 %, ASX 200 rose 0.85 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1356 (-0.05 %), Silver at $20.45 (+0.70 %), WTI Oil at $44.75 (+0.05 %), Brent Oil at $46.30 (+0.10 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.45, UK 10 year yield at 0.76, German 10 year yield at -0.16\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapanese PPI (YoY) Jun: -4.2% (est -4.2%, prev -4.2%, rev -4.3%)\n\t<\/li>\n<li>\n\t\tJapanese PPI (MoM) Jun: -0.1% (est -0.1%, prev 0.2%, rev 0.1%)\n\t<\/li>\n<li>\n\t\tAustralian NAB Business Conditions Jun: 12 (prev 10)\n\t<\/li>\n<li>\n\t\tAustralian NAB Business Confidence Jun: 6 (prev 3)\n\t<\/li>\n<li>\n\t\tAustralian ANZ Roy Morgan Consumer Confidence (Weekly) Jul 10: 115.2 (prev 115.8)\n\t<\/li>\n<li>\n\t\tAustralian Credit Card Purchases (AUD) May: 26.0bln (prev 23.5bln)\n\t<\/li>\n<li>\n\t\tAustralian Credit Card Balances (AUD) May: 51.9bln (prev 51.8bln)\n\t<\/li>\n<li>\n\t\tPBOC Fixes Yuan Reference Rate At 6.6950 (prev 6.6843)\n\t<\/li>\n<li>\n\t\tFed&rsquo;s Mester: Comfortable Fed is not behind the curve &ndash; RTRS\n\t<\/li>\n<li>\n\t\tFed&rsquo;s Mester: Rates moving gradually higher; Fed is data dependent in regards to timing\n\t<\/li>\n<li>\n\t\tFed&rsquo;s Mester: Making progress on inflation mandate &#8211; BBG\n\t<\/li>\n<li>\n\t\tJapan Chief Cabinet Secretary Suga: Don&rsquo;t know what the scale of stimulus package will be &#8211; BBG\n\t<\/li>\n<li>\n\t\tJapan FinMin Aso: Will mull stimulus package once it is ordered by PM Abe &#8211; BBG\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe Australian Dollar rose against the USD after a better than expected NAB business confidence release. AUD\/USD already caught a bid in the early Tokyo session and later extended gains to 0.7590. Resistance is now seen at 0.7650. NZD\/USD recovered along with the AUD, after failing to keep momentum above 0.73 yesterday. It bounced from 0.7210 and traded as high as 0.7270 overnight.\n<\/p>\n<p>\n\tUSD\/JPY continues to rise after the Japanese PM announced a new economic stimulus package. The pair opened around 102.60 in Tokyo and rose to a high of 103.30 earlier. Resistance is now noted at 103.40, followed by 104.50.\n<\/p>\n<p>\n\tThe British Pound has been recovering since yesterday&#39;s news that Andrea Leadsom pulled out of the Tory leadership race, which means that Theresa May will very likely become the UK&#39;s next prime minister. GBP\/USD, which traded as low as 1.2850 yesterday, reached a high of 1.3090 in Asia.\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\t10:00 BST &#8211; Bank of England Governor Carney speaks\n\t<\/li>\n<li>\n\t\t14:15 BST &#8211; FOMC Member Tarullo speaks\n\t<\/li>\n<li>\n\t\t14:35 BST &#8211; FOMC Member Bullard speaks\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US JOLTs Job Openings\n\t<\/li>\n<li>\n\t\t22:30 BST &#8211; FOMC Member Kaplan speaks\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 2.85 %, Shanghai Composite gained 0.20 %, Hang Seng rallied 0.50 %, ASX 200 rose 0.85 % Commodities: Gold at $1356 (-0.05 %), Silver at $20.45 (+0.70 %), WTI Oil at $44.75 (+0.05 %), Brent Oil at $46.30 (+0.10 %) Rates: US 10 year yield at 1.45, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-12th-july-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 12th 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-17546","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\/17546","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=17546"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17546\/revisions"}],"predecessor-version":[{"id":17547,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17546\/revisions\/17547"}],"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=17546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}