{"id":17910,"date":"2016-08-19T10:34:01","date_gmt":"2016-08-19T05:04:01","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17910"},"modified":"2016-08-19T10:34:01","modified_gmt":"2016-08-19T05:04:01","slug":"friday-19th-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-19th-august-european-open-briefing\/","title":{"rendered":"Friday 19th August: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tEquities: Nikkei up 0.35 %, Shanghai Composite fell 0.50 %, Hang Seng declined 0.30 %, ASX 200 rose 0.20 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1352 (-0.40 %), Silver at $19.63 (-0.60 %), WTI Oil at $48.35 (+0.30 %), Brent Oil at $50.90 (-0.05 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.55, UK 10 year yield at 0.55, German 10 year yield at -0.09\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tNZ Credit Card Spending (MoM) Jul: 2.3% (prev -0.8%)\n\t<\/li>\n<li>\n\t\tNZ Credit Card Spending (YoY) Jul: 5.6% (prev 4.1%)\n\t<\/li>\n<li>\n\t\tJapan Reuters Tankan Manufacturers Index Aug: 1 (prev 3)\n\t<\/li>\n<li>\n\t\tJapan All Industry Activity Index (MoM) Jun: 1.0% (est 0.9%, prev -1.0%, rev -1.3%)\n\t<\/li>\n<li>\n\t\tPBOC Fixes Yuan Reference Rate at 6.6211 (prev 6.6273)\n\t<\/li>\n<li>\n\t\tFed&rsquo;s Williams: September rate hike should definitely be in play\n\t<\/li>\n<li>\n\t\tWilliams calls for raising rates sooner rather than later; delaying risks recession\n\t<\/li>\n<li>\n\t\tWilliams: Not in hurry to hike but can&rsquo;t let economy overheat\n\t<\/li>\n<li>\n\t\tWilliams: Wage growth beginning to pick up\n\t<\/li>\n<li>\n\t\tWilliams: Negative rates would have bigger costs than benefits\n\t<\/li>\n<li>\n\t\tBrent crude oil prices dip on U.S. profit taking &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar nurses losses vs euro after Fed minutes quash hawks&#39; hopes &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar regained some strength overnight after hawkish comments from Fed&#39;s Williams. EUR\/USD fell from 1.1365 in the early Asian session to a low of 1.1327, while GBP\/USD declined from 1.3180 to 1.3130. GBP\/USD has been bid in the past few sessions amid a short squeeze, but it ran into decent resistance now at 1.3170\/80 and the rally could stall here. Meanwhile, USD\/JPY is back above 100. Many traders expected a sharp sell-off once the 100 level was taken out, but that did not happen and the pair continues to consolidate. While there have not been any signs of a BoJ intervention yet, they are closely watching.\n<\/p>\n<p>\n\tThe commodity currencies declined overnight. The Australian Dollar lost 0.60 % and fell from 0.7690 to 0.7625 against the US Dollar. Meanwhile, the New Zealand Dollar declined from 0.7290 to 0.7240. USD\/CAD bounced off 1.2765 support and made it to 1.2810 overnight, but remains under pressure overall, as Oil prices continue to rally.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 BST &#8211; German PPI\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<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Equities: Nikkei up 0.35 %, Shanghai Composite fell 0.50 %, Hang Seng declined 0.30 %, ASX 200 rose 0.20 % Commodities: Gold at $1352 (-0.40 %), Silver at $19.63 (-0.60 %), WTI Oil at $48.35 (+0.30 %), Brent Oil at $50.90 (-0.05 %) Rates: US 10 year yield at 1.55, UK 10 year &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-19th-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 19th 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-17910","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\/17910","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=17910"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17910\/revisions"}],"predecessor-version":[{"id":17911,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17910\/revisions\/17911"}],"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=17910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}