{"id":17592,"date":"2016-07-18T10:12:29","date_gmt":"2016-07-18T04:42:29","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17592"},"modified":"2016-07-18T10:12:29","modified_gmt":"2016-07-18T04:42:29","slug":"monday-18th-july-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-18th-july-european-open-briefing\/","title":{"rendered":"Monday 18th 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: Shanghai Composite lost 0.10 %, Hang Seng gained 0.15 %, ASX 200 rose 0.50 %, Nikkei closed for holiday\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1329 (+0.15 %), Silver at $20.06 (-0.50 %), WTI Oil at $46.78 (+0.25 %), Brent Oil at $47.85 (+0.55 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.56, UK 10 year yield at 0.84, German 10 year yield at 0.00\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tNew Zealand CPI (MoM) Q2: 0.4% (est. 0.5%, prev. 0.2%)\n\t<\/li>\n<li>\n\t\tNew Zealand CPI (YoY) Q2: 0.4% (est. 0.5%, prev. 0.4%)\n\t<\/li>\n<li>\n\t\tNew Zealand Performance of Services Index Jun: 56.7 (prev. 56.9)\n\t<\/li>\n<li>\n\t\tChina New Home Prices (YoY) June: 7.3% (prev. 6.9%)\n\t<\/li>\n<li>\n\t\tUK Rightmove House Prices (MoM) Jul: -0.9% (prev. 0.8%)\n\t<\/li>\n<li>\n\t\tUK Rightmove House Prices (YoY) Jul: 4.5% (prev. 5.5%)\n\t<\/li>\n<li>\n\t\tECB Seen Supporting German Bonds After Biggest Selloff This Year &#8211; BBG\n\t<\/li>\n<li>\n\t\tUK offered Brexit free trade deal with Australia &#8211; BBC\n\t<\/li>\n<li>\n\t\tTurkish central bank says &quot;will provide banks with needed liquidity without limits&quot; &#8211; BBG\n\t<\/li>\n<li>\n\t\tBOE&#39;s Vlieghe Says Post-Brexit Economy Needs Range of Stimulus &#8211; BBG\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>CFTC Positioning Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n<h4>\n\t\t\tEUR 88K short versus 75K short last week. Shorts increased by 13K<br \/>\n\t\t<\/h4>\n<\/li>\n<li>\n\t\tGBP 60K short versus 49K short last week. Shorts increased by 11K.\n\t<\/li>\n<li>\n\t\tJPY 48K long versus 64K long last week. Longs cut by 16K.\n\t<\/li>\n<li>\n\t\tCHF 6.7K long versus 8.7K long last week. Longs cut by 2K.\n\t<\/li>\n<li>\n\t\tCAD 17K long versus 12 K long last week. Long&#39;s increased by 5K.\n\t<\/li>\n<li>\n\t\tAUD 16k long versus 5k long last week. Longs increased by 11K.\n\t<\/li>\n<li>\n\t\tNZD 1.0k long versus 1.4 K short last week.\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tEUR\/USD opened at 1.1050 in Sydney, roughly 20 pips higher from Friday&#39;s close. The pair consolidated in a 1.1050-70 range for most of the Asian session, with flows being light. GBP\/USD started the new trading week at 1.3180, unchanged from Friday&#39;s close, and rallied to 1.3268 later in the day as risk appetite increased.\n<\/p>\n<p>\n\tNews about a coup attempt in Turkey weighed on the USD\/JPY in late Friday trading, but the pair retraced overnight as the situation in Turkey has stabilized. The pair opened at 105.30, 50 pips up from Friday&#39;s close, and extended gains to 106.00 ahead of the Tokyo open.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:00 BST &#8211; SNB Total Sight Deposits\n\t<\/li>\n<li>\n\t\t09:15 BST &#8211; BoE&#39;s Weale speaks\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US NAHB Housing Market Index\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>The Week Ahead:<\/strong>\n<\/p>\n<p>\n\t<u>Tuesday, July 19th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t02:30 BST &#8211; RBA Meeting Minutes\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK CPI\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\t13:30 BST &#8211; US Building Permits\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Housing Starts\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, July 20th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t01:30 BST &#8211; Australia MI Leading Index\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German PPI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Current Account\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Claimant Count Change\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Unemployment Rate\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Average Earnings\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Swiss ZEW Expectations\n\t<\/li>\n<li>\n\t\t15:30 BST &#8211; US Crude Oil Inventories\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, July 21st<\/u>\n<\/p>\n<ul>\n<li>\n\t\t02:30 BST &#8211; Australia NAB Business Confidence\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; Swiss Trade Balance\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Retail Sales\n\t<\/li>\n<li>\n\t\t12:45 BST &#8211; ECB Rate Decision\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; ECB Press Conference\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Philadelphia Fed Manufacturing Index\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 CB Leading Index\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Existing Home Sales\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, July 22nd<\/u>\n<\/p>\n<ul>\n<li>\n\t\t03:00 BST &#8211; Japan Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; French Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; German Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Manufacturing PMI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian CPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Retail Sales\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: Shanghai Composite lost 0.10 %, Hang Seng gained 0.15 %, ASX 200 rose 0.50 %, Nikkei closed for holiday Commodities: Gold at $1329 (+0.15 %), Silver at $20.06 (-0.50 %), WTI Oil at $46.78 (+0.25 %), Brent Oil at $47.85 (+0.55 %) Rates: US 10 year yield at 1.56, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-18th-july-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 18th 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-17592","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\/17592","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=17592"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17592\/revisions"}],"predecessor-version":[{"id":17593,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17592\/revisions\/17593"}],"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=17592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}