{"id":17758,"date":"2016-08-08T10:21:04","date_gmt":"2016-08-08T04:51:04","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17758"},"modified":"2016-08-08T10:21:04","modified_gmt":"2016-08-08T04:51:04","slug":"monday-8th-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-8th-august-european-open-briefing\/","title":{"rendered":"Monday 8th August: 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 2.20 %, Shanghai Composite gained 0.25 %, Hang Seng rose 1.20 %, ASX 200 rallied 0.80 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1342 (-0.15 %), Silver at $19.70 (-0.60 %), WTI Oil at $41.90 (+0.25 %), Brent Oil at $44.35 (+0.15 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.59, UK 10 year yield at 0.67, German 10 year yield at -0.06\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tChina Trade Balance (Jul): USD 52.3 Bln (exp USD 47.6 Bln prev USD 48.1 Bln)\n\t<\/li>\n<li>\n\t\tChina Exports USD (YoY) Jul: -4.4% (exp -3.0%, prev -4.8%)\n\t<\/li>\n<li>\n\t\tChina Imports USD (YoY) Jul: -12.5% (exp -7.0% prev -8.4%)\n\t<\/li>\n<li>\n\t\tJapan BoP Trade Balance (Jun): JPY 763.5 Bln (exp JPY 773.5 Bln prev JPY 39.9 Bln)\n\t<\/li>\n<li>\n\t\tJapan BoP Current Account Balance (Jun): JPY 974.4 Bln (exp JPY 1103.5 Bln prev JPY 1809.1 Bln)\n\t<\/li>\n<li>\n\t\tJapan BoP Current Account Balance Adjusted (Jun): JPY 1648.4 Bln (exp JPY 1600.1 Bln prev JPY 1414.5 Bln)\n\t<\/li>\n<li>\n\t\tAustralia ANZ Job Advertisements (MoM) Jul: -0.8% (prev 0.50%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan Reference Rate at 6.6615 (prev 6.6406)\n\t<\/li>\n<li>\n\t\tJapanese EconMin Ishihara: Hopes Lower Interest Rates Raise Capex &amp; Consumer Spending &#8212; RTRS\n\t<\/li>\n<li>\n\t\tIshihara: Must Continue to Carefully Watch Effects of NIRP On Real Economy\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>CFTC Positioning Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tEUR 104K short versus 112K short last week\n\t<\/li>\n<li>\n\t\tGBP 83K short versus 81K short last week\n\t<\/li>\n<li>\n\t\tJPY&nbsp; 41.7K long versus 34K long last week\n\t<\/li>\n<li>\n\t\tCHF 1.7K short versus 1K long last week\n\t<\/li>\n<li>\n\t\tCAD 18K long versus 23K long last week\n\t<\/li>\n<li>\n\t\tAUD 31K long versus 31K long last week\n\t<\/li>\n<li>\n\t\tNZD 0.2 long versus 0.2K long last week\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tIn the Asian session, the US Dollar gave up some of its recent gains despite the strong NFP data on Friday. EUR\/USD opened around 1.1085 in Sydney and reached a high of 1.1105 later in the session. Similar price action was seen in GBP\/USD, which rose from 1.3070 to 1.3095.\n<\/p>\n<p>\n\tUSD\/JPY was mixed. It initially rallied from 101.80 to 102.25 in the early session, but then ran out of momentum and fell back to 101.90.\n<\/p>\n<p>\n\tThe commodity currencies are slightly weaker this morning, with AUD\/USD consolidating around 0.7610, while NZD\/USD fell from 0.7130 to 0.7085 and is currently trading around the 0.7110 level.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:15 BST &#8211; Swiss CPI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; Euro Zone Sentix Investor Confidence\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Building Permits\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, August 9th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t02:30 BST &#8211; Australia NAB Business Confidence\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; China CPI\n\t<\/li>\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 Industrial Production\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Manufacturing Production\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Trade Balance\n\t<\/li>\n<li>\n\t\t13:15 BST &#8211; Canadian Housing Starts\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; UK NIESR GDP Estimate\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, August 10th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:50 BST &#8211; Japan PPI\n\t<\/li>\n<li>\n\t\t01:30 BST &#8211; Australia Westpac Consumer Sentiment\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Australia Home Loans\n\t<\/li>\n<li>\n\t\t04:05 BST &#8211; RBA Governor Stevens speaks\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Norwegian CPI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US JOLTs Job Openings\n\t<\/li>\n<li>\n\t\t15:30 BST &#8211; US Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t22:00 BST &#8211; RBNZ Rate Decision\n\t<\/li>\n<li>\n\t\t23:00 BST &#8211; RBNZ Governor Wheeler speaks\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, August 11th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t01:00 BST &#8211; Singapore GDP\n\t<\/li>\n<li>\n\t\t02:00 BST &#8211; Australia MI Inflation Expectations\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; French CPI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Italian CPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t23:45 BST &#8211; New Zealand Retail Sales\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, August 12th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t03:00 BST &#8211; China Industrial Production\n\t<\/li>\n<li>\n\t\t03:00 BST &#8211; China Retail Sales\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German GDP\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German CPI\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; Spanish CPI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Italian GDP\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone GDP\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone Industrial Production\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Retail Sales\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US PPI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Michigan Consumer Sentiment\n\t<\/li>\n<li>\n\t\t20:30 BST &#8211; CFTC Positioning Report\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 2.20 %, Shanghai Composite gained 0.25 %, Hang Seng rose 1.20 %, ASX 200 rallied 0.80 % Commodities: Gold at $1342 (-0.15 %), Silver at $19.70 (-0.60 %), WTI Oil at $41.90 (+0.25 %), Brent Oil at $44.35 (+0.15 %) Rates: US 10 year yield at 1.59, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-8th-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 8th August: 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-17758","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\/17758","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=17758"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17758\/revisions"}],"predecessor-version":[{"id":17759,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17758\/revisions\/17759"}],"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=17758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}