{"id":17879,"date":"2016-08-18T10:38:22","date_gmt":"2016-08-18T05:08:22","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17879"},"modified":"2016-08-18T10:38:22","modified_gmt":"2016-08-18T05:08:22","slug":"thursday-18th-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/thursday-18th-august-european-open-briefing\/","title":{"rendered":"Thursday 18th 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 1.00 %, Shanghai Composite gained 0.40 %, Hang Seng rose 1.60 %, ASX 200 down 0.30 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1358 (+0.30 %), Silver at $19.83 (+0.70 %), WTI Oil at $46.80 (-0.35 %), Brent Oil at $49.70 (-0.30 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.54, UK 10 year yield at 0.57, 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\tAustralia Employment Jul: 26.2K (est 11.0K, prev 7.9K, rev 10.8K)\n\t<\/li>\n<li>\n\t\tAustralia Unemployment Rate Jul) 5.7% (est 5.8%, prev 5.8%)\n\t<\/li>\n<li>\n\t\tAustralia Full Time Employment Jul: -45.4K (prev 38.4K, rev 44K)\n\t<\/li>\n<li>\n\t\tAustralia Participation Rate Jul: 64.9% (est 64.9%, prev 64.9%)\n\t<\/li>\n<li>\n\t\tChina House Prices (YoY) Jul: 7.9% (prev 7.3%)\n\t<\/li>\n<li>\n\t\tJapan Trade Balance (JPY) Jul: 513.5bln (est 283.7bln, prev 692.8bln)\n\t<\/li>\n<li>\n\t\tJapan Exports (YoY) Jul: -14.0% (est -14.0%, prev -7.4%) Japan Imports (YoY) Jul: -24.7% (est -20.6%, prev -18.8%)\n\t<\/li>\n<li>\n\t\tNZ ANZ Roy Morgan Consumer Confidence Aug: 117.7 (prev 118.2)\n\t<\/li>\n<li>\n\t\tPBOC Fixes Yuan Reference Rate at 6.6273 (prev 6.6056)\n\t<\/li>\n<li>\n\t\tJapan MOF Asakawa: Will monitor FX markets closely; will act if excessive moves &#8211; RTRS\n\t<\/li>\n<li>\n\t\tBOJ Review Can Only Conclude More Easing Needed, Says Abe Adviser &ndash; WSJ\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>FOMC Minutes:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tFed Minutes: Fed officials split in July on whether rate hike needed soon\n\t<\/li>\n<li>\n\t\tA couple officials backed a rate hike in July\n\t<\/li>\n<li>\n\t\tSome FOMC members saw a rate hike warranted soon\n\t<\/li>\n<li>\n\t\tSome members wanted to wait for more inflation confidence, voters agreed for more data to gauge the economy\n\t<\/li>\n<li>\n\t\tFed officials saw low inflation risk from continued job gains\n\t<\/li>\n<li>\n\t\tFed officials saw ample time to react if inflation rises\n\t<\/li>\n<li>\n\t\tSome Fed voters saw Brexit medium to long-term risk abroad\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar fell overnight after the FOMC minutes showed a divided FOMC, with officials split whether the central bank should hike rates soon. USD\/JPY declined from 100.70 post-FOMC to a low of 99.65 in Asia. The pair bounced after the Tokyo open and verbal intervention from Japanese officials helped to push it back above 100 again. The short-term outlook remains negative however, and it will take intervention from the BoJ to prevent further losses.\n<\/p>\n<p>\n\tEUR\/USD broke above 1.13 in Asia, while GBP\/USD rallied to 1.3090. It has retraced from there as offers proved to be thick, but support is now seen at 1.3030 and 1.2980.\n<\/p>\n<p>\n\tThe Australian Dollar rallied after better than expected AUS employment data. The economy added 26k jobs and the unemployment fell from 5.8 % to 5.7 %. AUD\/USD rallied from 0.7655 to 0.7720 and NZD\/USD followed it higher as well, reaching a high of 0.7310.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Current Account\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Retail Sales\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone CPI\n\t<\/li>\n<li>\n\t\t12:30 BST &#8211; ECB Meeting Minutes\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Philadelphia Fed Manufacturing Index\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US CB Leading Index\n\t<\/li>\n<li>\n\t\t15:05 BST &#8211; FOMC Member Dudley speaks\n\t<\/li>\n<li>\n\t\t21:00 BST &#8211; FOMC Member Williams speaks\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 1.00 %, Shanghai Composite gained 0.40 %, Hang Seng rose 1.60 %, ASX 200 down 0.30 % Commodities: Gold at $1358 (+0.30 %), Silver at $19.83 (+0.70 %), WTI Oil at $46.80 (-0.35 %), Brent Oil at $49.70 (-0.30 %) Rates: US 10 year yield at 1.54, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/thursday-18th-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 18th 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-17879","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\/17879","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=17879"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17879\/revisions"}],"predecessor-version":[{"id":17880,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17879\/revisions\/17880"}],"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=17879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}