{"id":17640,"date":"2016-07-22T10:37:12","date_gmt":"2016-07-22T05:07:12","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17640"},"modified":"2016-07-22T10:37:12","modified_gmt":"2016-07-22T05:07:12","slug":"friday-22nd-july-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-22nd-july-european-open-briefing\/","title":{"rendered":"Friday 22nd 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 1.10 %, Shanghai Composite fell 0.70 %, Hang Seng declined 0.45 %, ASX 200 lost 0.60 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1327 (-0.25 %), Silver at $19.80 (-0.05 %), WTI Oil at $44.75 (-0.05 %), Brent Oil at $46.30 (+0.25 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.55, UK 10 year yield at 0.84, German 10 year yield at -0.02\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan Nikkei Manufacturing PMI Jul P: 49.0 (prev. 48.1)\n\t<\/li>\n<li>\n\t\tChina MNI Business Indicator Jul: 55.5 (prev. 54.5)\n\t<\/li>\n<li>\n\t\tUSD\/CNY mid-point set at 6.6669 (prev. fix 6.6872, prev. close 6.6795)\n\t<\/li>\n<li>\n\t\tAsia slips as weak results halt record Wall Street run, yen holds gains &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil futures up slightly, face weekly decline as glut fears persist &#8211; RTRS\n\t<\/li>\n<li>\n\t\tYen off six-week low after &#39;helicopter money&#39; mania shot down &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tEUR\/USD traded in a 1.1020-33 range overnight and is basically unchanged from yesterday&#39;s European open. The ECB meeting was a non-event as the central bank kept rates unchanged as expected and Draghi did not reveal anything new in the press conference. GBP\/USD volatility has decreased as well. After the pair bounced off the 1.3160 level in yesterday&#39;s NY session, it continued its recovery to 1.3250 overnight.\n<\/p>\n<p>\n\tUSD\/JPY has been under heavy pressure in the past 24 hours after comments from BoJ Governor Kuroda, who said that &quot;helicopter money&quot; is not needed and not possible. Speculators have been buyers of USD\/JPY in the past few days, anticipating further easing measures from Japan&#39;s central bank. The pair fell from 107.50 to 105.50 yesterday and overnight, it was consolidating between 105.55 and 106.25.\n<\/p>\n<p>\n\tCommodity currencies fell slightly in Asia, with AUD\/USD declining from 0.7510 to 0.7460 and NZD\/USD from 0.7015 to 0.6975.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\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: Nikkei down 1.10 %, Shanghai Composite fell 0.70 %, Hang Seng declined 0.45 %, ASX 200 lost 0.60 % Commodities: Gold at $1327 (-0.25 %), Silver at $19.80 (-0.05 %), WTI Oil at $44.75 (-0.05 %), Brent Oil at $46.30 (+0.25 %) Rates: US 10 year yield at 1.55, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-22nd-july-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 22nd 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-17640","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\/17640","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=17640"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17640\/revisions"}],"predecessor-version":[{"id":17641,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17640\/revisions\/17641"}],"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=17640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}