{"id":17821,"date":"2016-08-15T10:37:22","date_gmt":"2016-08-15T05:07:22","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17821"},"modified":"2016-08-15T10:37:22","modified_gmt":"2016-08-15T05:07:22","slug":"monday-15th-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-15th-august-european-open-briefing\/","title":{"rendered":"Monday 15th August: European Open Briefing"},"content":{"rendered":"

\n\tGlobal Markets:<\/strong>
\n<\/h4>\n
\n\t• Asian stock markets: Nikkei down 0.35 %, Shanghai Composite rallied 2.70 %, hang Seng gained 0.80 %, ASX 200 rose 0.10 %\n<\/div>\n
\n\t• Commodities: Gold at $1343 (+0.05 %), Silver at $19.80 (+0.50 %), WTI Oil at $44.80 (+0.75 %), Brent Oil at $47.25 (+0.55 %)\n<\/div>\n
\n\t• Rates: US 10 year yield at 1.51, UK 10 year yield at 0.53, German 10 year yield at -0.10\n<\/div>\n
\n\t \n<\/div>\n
\n\tNews & Data:<\/strong>\n<\/div>\n
\n\t• Japanese GDP (QoQ) Q2: 0.0% (est 0.2%, prev 0.5%)\n<\/div>\n
\n\t• Japanese Industrial Production (MoM) Jun: 2.3% (prev 1.9%)\n<\/div>\n
\n\t• Japan Economy Minister Ishihara: Economy showing weaknesses but recovery continues moderately as a trend – RTRS\n<\/div>\n
\n\t• Japan Fin Min Aso: Q2 consumer spending and exports were weak – RTRS\n<\/div>\n
\n\t• PBOC Fixes Yuan Reference Rate at 6.6430 (prev 6.6543)\n<\/div>\n
\n\t• Brexit could be delayed to late-2019 as government not ready – RTRS\n<\/div>\n
\n\t• Negative rates seen reducing Japan big banks' profits by USD 2.96bln – Nikkei\n<\/div>\n
\n\t \n<\/div>\n
\n\tCFTC Positioning Data:<\/strong>\n<\/div>\n
\n\t• EUR 98K short versus 104K short last week\n<\/div>\n
\n\t• GBP 90K short versus 83K short last week\n<\/div>\n
\n\t• JPY  49K long versus 42K long last week\n<\/div>\n
\n\t• CHF 0.1K long versus 1.7K short last week\n<\/div>\n
\n\t• CAD 15K short versus 18K short last week\n<\/div>\n
\n\t• AUD 35K long versus 31K long last week\n<\/div>\n
\n\t \n<\/div>\n
\n\tMarkets Update:<\/strong>\n<\/div>\n
\n\tEUR\/USD opened at 1.1165, unchanged from Friday's close. Flows were light and the pair consolidated in a 1.1155-68 range. Meanwhile, the Pound remains under pressure. GBP\/USD started the new trading week at 1.2920 and rallied to 1.2940, but it ran into decent offers there and fell back to 1.2920.\n<\/div>\n
\n\t \n<\/div>\n
\n\tUSD\/JPY opened at 101.10, slightly lower from Friday's close. Price action was quiet, despite the weak Japanese GDP release overnight. USD\/JPY rose to a high of 101.45, but ran out of momentum there and fell back to 101.25.\n<\/div>\n
\n\t \n<\/div>\n
\n\tAUD\/USD traded 0.7635-60 overnight, while NZD\/USD spent the Asian session in a 0.7165-95 range. \n<\/div>\n
\n\t \n<\/div>\n
\n\tNo major data releases today, so it could remain quiet. However, there will be a fair amount of economic data this week, especially from the UK. Please see the calendar below for further details.\n<\/div>\n
\n\t \n<\/div>\n
\n\tUpcoming Events:<\/strong>\n<\/div>\n
\n\t• 08:15 BST – Swiss PPI\n<\/div>\n
\n\t• 13:30 BST – US NY Empire State Manufacturing Index\n<\/div>\n
\n\t• 15:00 BST – US NAHB Housing Market Index\n<\/div>\n
\n\t• 21:30 BST – RBNZ Governor Wheeler speaks\n<\/div>\n
\n\t \n<\/div>\n
\n\tThe Week Ahead:<\/strong>\n<\/div>\n
\n\tTuesday, August 16th\n<\/div>\n
\n\t• 02:30 BST – RBA Meeting Minutes\n<\/div>\n
\n\t• 09:30 BST – UK CPI\n<\/div>\n
\n\t• 10:00 BST – German ZEW Economic Sentiment\n<\/div>\n
\n\t• 10:00 BST – Euro Zone ZEW Economic Sentiment\n<\/div>\n
\n\t• 13:30 BST – US Building Permits\n<\/div>\n
\n\t• 13:30 BST – US CPI\n<\/div>\n
\n\t• 13:30 BST – US Housing Starts\n<\/div>\n
\n\t• 14:15 BST – US Industrial Production\n<\/div>\n
\n\t• 14:15 BST – US Manufacturing Production\n<\/div>\n
\n\t• 17:30 BST – FOMC Member Lockhart speaks\n<\/div>\n
\n\t• 18:00 BST – FOMC Member Bullard speaks\n<\/div>\n
\n\t• 23:45 BST – New Zealand Employment Change\n<\/div>\n
\n\t• 23:45 BST – New Zealand Unemployment Rate\n<\/div>\n
\n\t \n<\/div>\n
\n\tWednesday, August 17th\n<\/div>\n
\n\t• 02:30 BST – Australia Wage Price Index\n<\/div>\n
\n\t• 09:30 BST – UK Average Earnings\n<\/div>\n
\n\t• 09:30 BST – UK Claimant Count Change\n<\/div>\n
\n\t• 09:30 BST – UK Unemployment Rate\n<\/div>\n
\n\t• 15:30 BST – US Crude Oil Inventories\n<\/div>\n
\n\t• 19:00 BST – FOMC Meeting Minutes\n<\/div>\n
\n\t \n<\/div>\n
\n\tThursday, August 18th\n<\/div>\n
\n\t• 00:50 BST – Japan Trade Balance\n<\/div>\n
\n\t• 02:30 BST – Australia Employment Change\n<\/div>\n
\n\t• 02:30 BST – Australia Unemployment Rate\n<\/div>\n
\n\t• 02:30 BST – China House Prices\n<\/div>\n
\n\t• 09:00 BST – Euro Zone Current Account\n<\/div>\n
\n\t• 09:30 BST – UK Retail Sales\n<\/div>\n
\n\t• 10:00 BST – Euro Zone CPI\n<\/div>\n
\n\t• 12:30 BST – ECB Meeting Minutes\n<\/div>\n
\n\t• 13:30 BST – US Initial Jobless Claims\n<\/div>\n
\n\t• 13:30 BST – US Philadelphia Fed Manufacturing Index\n<\/div>\n
\n\t• 15:00 BST – US CB Leading Index\n<\/div>\n
\n\t• 15:05 BST – FOMC Member Dudley speaks\n<\/div>\n
\n\t• 21:00 BST – FOMC Member Williams speaks\n<\/div>\n
\n\t \n<\/div>\n
\n\tFriday, August 19th\n<\/div>\n
\n\t• 07:00 BST – German PPI\n<\/div>\n
\n\t• 13:30 BST – Canadian CPI\n<\/div>\n
\n\t• 13:30 BST – Canadian Retail Sales\n<\/div>\n
\n\t• 20:30 BST – CTFC Positioning Data\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Global Markets: • Asian stock markets: Nikkei down 0.35 %, Shanghai Composite rallied 2.70 %, hang Seng gained 0.80 %, ASX 200 rose 0.10 % • Commodities: Gold at $1343 (+0.05 %), Silver at $19.80 (+0.50 %), WTI Oil at $44.80 (+0.75 %), Brent Oil at $47.25 (+0.55 %) • Rates: US 10 year yield … Continue reading Monday 15th 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-17821","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\/17821","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=17821"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17821\/revisions"}],"predecessor-version":[{"id":17823,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17821\/revisions\/17823"}],"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=17821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}