{"id":17834,"date":"2016-08-16T10:42:29","date_gmt":"2016-08-16T05:12:29","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17834"},"modified":"2016-08-16T10:42:29","modified_gmt":"2016-08-16T05:12:29","slug":"tuesday-16th-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-16th-august-european-open-briefing\/","title":{"rendered":"Tuesday 16th 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 down 0.75 %, Shanghai Composite fell 0.50 %, Hang Seng down 0.05 %, ASX 200 lost 0.15 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1351 (+0.50 %), Silver at $19.93 (+0.55 %), WTI Oil at $45.50 (-0.50 %), Brent Oil at $48.10 (-0.55 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.54, UK 10 year yield at 0.54, German 10 year yield at -0.07\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralian ANZ Roy Morgan Consumer Confidence (Weekly) Aug 14: 117.6 (prev 114.7)\n\t<\/li>\n<li>\n\t\tAustralian New Motor Vehicle Sales (MoM) Jul -1.3% (prev 3.1%, rev 3.5%)\n\t<\/li>\n<li>\n\t\tPBOC Fixes Yuan Reference Rate at 6.6305 (prev 6.6430)\n\t<\/li>\n<li>\n\t\tRBA Minutes: Judged in August that prospects for growth and inflation would be improved by easing\n\t<\/li>\n<li>\n\t\tRBA Minutes: Considerable uncertainty about labour market momentum and inflation outlook\n\t<\/li>\n<li>\n\t\tAsia stocks at one-year high on global easy money policy, oil jumps &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices dip as traders cash in on two-week price rally &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar on defensive, hits one-month low vs yen &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar is on the defensive as Friday&#39;s weak US economic data continues to weigh on the currency. USD\/JPY fell to a low of 100.35 overnight and is likely to test 100 soon. This is not only a major technical support level, but has also a psychological effect and is a level the Bank of Japan is more sensitive too. So far, there has not been any verbal intervention from the BoJ or signs of direct intervention in the market, but a break below 100 is likely to prompt an answer from the central bank. Sub-100, look for support at 98.80 (post-Brexit low).\n<\/p>\n<p>\n\tEUR\/USD rose from 1.1180 to 1.12 overnight, while GBP\/USD bounced off 1.2870 and made it back above 1.29. The commodity currencies caught a bid amid a weak Dollar &amp; rising equity markets. NZD\/USD rallied from 0.7205 to 0.7235, while USD\/CAD declined from 1.2935 to 1.2915. AUD\/USD declined briefly after the RBA minutes were released, but was able to found support at 0.7655 and rallied back to 0.7690.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\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 CPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Housing Starts\n\t<\/li>\n<li>\n\t\t14:15 BST &#8211; US Industrial Production\n\t<\/li>\n<li>\n\t\t14:15 BST &#8211; US Manufacturing Production\n\t<\/li>\n<li>\n\t\t17:30 BST &#8211; FOMC Member Lockhart speaks\n\t<\/li>\n<li>\n\t\t18:00 BST &#8211; FOMC Member Bullard speaks\n\t<\/li>\n<li>\n\t\t23:45 BST &#8211; New Zealand Employment Change\n\t<\/li>\n<li>\n\t\t23:45 BST &#8211; New Zealand Unemployment Rate\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.75 %, Shanghai Composite fell 0.50 %, Hang Seng down 0.05 %, ASX 200 lost 0.15 % Commodities: Gold at $1351 (+0.50 %), Silver at $19.93 (+0.55 %), WTI Oil at $45.50 (-0.50 %), Brent Oil at $48.10 (-0.55 %) Rates: US 10 year yield at 1.54, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-16th-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 16th 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-17834","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\/17834","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=17834"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17834\/revisions"}],"predecessor-version":[{"id":17835,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17834\/revisions\/17835"}],"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=17834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}