{"id":17616,"date":"2016-07-20T10:17:32","date_gmt":"2016-07-20T04:47:32","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17616"},"modified":"2016-07-20T10:17:32","modified_gmt":"2016-07-20T04:47:32","slug":"wednesday-20th-july-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/wednesday-20th-july-european-open-briefing\/","title":{"rendered":"Wednesday 20th 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 0.70 %, Shanghai Composite fell 0.05 %, Hang Seng rose 0.90 %, ASX 200 gained 0.45 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1333 (+0.10 %), Silver at $19.97 (-0.20 %), WTI Oil at $45.60 (+0.35 %), Brent Oil at $46.80 (+0.35 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.55, UK 10 year yield at 0.80, German 10 year yield at -0.03\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)Jun: -0.22% (prev. 0.21%)\n\t<\/li>\n<li>\n\t\tAustralia Skilled Vacancies (MoM) Jun: 0.80% (prev. 1.00%)\n\t<\/li>\n<li>\n\t\tUSD\/CNY mid-point set at 6.6946 (prev. fix 6.6971, prev close 6.6970)\n\t<\/li>\n<li>\n\t\tChina&#39;s NDRC on 2016: GDP expected to grow 6.5-6.8%, &amp; CPI around 2%\n\t<\/li>\n<li>\n\t\tAsia slips after Wall Street loses steam, dollar clings to gains &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar firms on strong U.S. data, BOJ easing expectations &#8211; RTRS\n\t<\/li>\n<li>\n\t\tCrude oil futures mixed before U.S. inventory report &#8211; RTRS\n\t<\/li>\n<li>\n\t\tS&amp;P pulls back from record; Dow notches eighth day of gains &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tEUR\/USD declined yesterday after rumours that the ECB will tweak its QE programme as the central bank is facing a bond scarcity problem. The pair fell from 1.1080 to a low of 1.10 in the US session. In Asia, it consolidated between 1.0997 and 1.1020. GBP\/USD came under pressure as well yesterday, and declined from 1.3250 to a low of 1.3075. Overnight, it extended losses to 1.3065 and is currently consolidating around 1.3090.\n<\/p>\n<p>\n\tUSD\/JPY gave up some of its recent gains as equities retraced as well. The pair fell from 106.30 in the early Asian session to a low of 105.80 so far. Support is seen at 105.50\/50, with major support noted at 104.60.\n<\/p>\n<p>\n\tAUD\/USD broke below 0.75 yesterday, but managed to bounce off 0.7490 overnight and recovered to 0.7515 after the Tokyo open. Similar price action was seen in NZD\/USD, which managed to rise from 0.7020 to 0.7060.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\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","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.70 %, Shanghai Composite fell 0.05 %, Hang Seng rose 0.90 %, ASX 200 gained 0.45 % Commodities: Gold at $1333 (+0.10 %), Silver at $19.97 (-0.20 %), WTI Oil at $45.60 (+0.35 %), Brent Oil at $46.80 (+0.35 %) Rates: US 10 year yield at 1.55, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/wednesday-20th-july-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 20th 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-17616","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\/17616","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=17616"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17616\/revisions"}],"predecessor-version":[{"id":17617,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17616\/revisions\/17617"}],"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=17616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}