{"id":17925,"date":"2016-08-22T10:41:44","date_gmt":"2016-08-22T05:11:44","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=17925"},"modified":"2016-08-22T10:41:44","modified_gmt":"2016-08-22T05:11:44","slug":"monday-22nd-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-22nd-august-european-open-briefing\/","title":{"rendered":"Monday 22nd 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 0.25 %, Shanghai Composite fell 0.60 %, Hang Seng declined 0.30 %, ASX lost 0.25 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1338 (-0.60 %), Silver at $18.90 (-2.10 %), WTI Oil at $48.50 (-1.20 %), Brent Oil at $50.15 (-1.40 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.60, UK 10 year yield at 0.62, German 10 year yield at -0.03\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tPBOC Fixes Yuan Reference Rate at 6.6652 (prev 6.6211)\n\t<\/li>\n<li>\n\t\tBoJ&#39;s Kuroda: Won&rsquo;t rule out deepening negative rate cut &ndash; Sankei\n\t<\/li>\n<li>\n\t\tIraq Will Boost Oil Exports After Agreement on Kirkuk Fields &ndash; BBG\n\t<\/li>\n<li>\n\t\tAsian shares slip, dollar stands tall on Fed hike bets &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil falls as August price rally seen overblown, China fuel exports jump &#8211; RTRS\n\t<\/li>\n<li>\n\t\tFed close to hitting job and inflation targets: Fischer &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>CFTC Positioning Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tEUR 93K short versus 98K short last week\n\t<\/li>\n<li>\n\t\tGBP 94K short versus 90K short last week\n\t<\/li>\n<li>\n\t\tJPY 56K long versus 49K long last week\n\t<\/li>\n<li>\n\t\tCHF 1.5K short versus 0.1K long last week\n\t<\/li>\n<li>\n\t\tCAD 12K long versus 15K long last week\n\t<\/li>\n<li>\n\t\tAUD 41K long versus 35K long last week\n\t<\/li>\n<li>\n\t\tNZD 0.7K short versus 0.6K short last week\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar gained against most major currencies overnight, following hawkish comments from Fed member Fischer. EUR\/USD opened around 1.1320, mostly unchanged from Friday&#39;s close, and declined to 1.1270 overnight. GBP\/USD fell from 1.3080 to 1.3035. The Pound came under pressure on Friday after news emerged that the UK will trigger Article 50 (required for a Brexit) as soon as April of next year.\n<\/p>\n<p>\n\tUSD\/JPY started the new trading week at 100.40, slightly higher than Friday&#39;s close of 100.20. It extended gains later in the session, reaching 100.85.\n<\/p>\n<p>\n\tCommodity currencies were under pressure too, with AUD\/USD falling from 0.7630 to 0.7585 and NZD\/USD declining from 0.7265 to 0.7215. The Canadian Dollar reversed as well, as the rally in Oil paused. USD\/CAD rose from 1.2875 in the early Asian session to a high of 1.2925 so far.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t13:30 BST &#8211; Canadian Wholesale Sales\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Chicago Fed National Activity Index\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, August 23rd<\/u>\n<\/p>\n<ul>\n<li>\n\t\t08:00 BST &#8211; French Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; German Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t11:00 BST &#8211; UK CBI Industrial Trends Orders\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Markit Manufacturing PMI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US New Home Sales\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Richmond Manufacturing Index\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; Euro Zone Consumer Confidence\n\t<\/li>\n<li>\n\t\t23:45 BST &#8211; New Zealand Trade Balance\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, August 24th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t02:30 BST &#8211; Australian Construction Work Done\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German GDP\n\t<\/li>\n<li>\n\t\t14:00 BST &#8211; UK House Price Index\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Existing Home Sales\n\t<\/li>\n<li>\n\t\t15:30 BST &#8211; US Crude Oil Inventories\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, August 25th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t01:00 BST &#8211; Singapore GDP\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Australian Private Capex\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; Spanish GDP\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; German IFO Business Climate\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 Durable Goods Orders\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Services PMI\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, August 26th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 BST &#8211; Japan National CPI\n\t<\/li>\n<li>\n\t\t00:30 BST &#8211; Tokyo CPI\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German GfK Consumer Climate\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone M3 Money Supply\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK GDP\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US GDP\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Michigan Consumer Confidence\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.25 %, Shanghai Composite fell 0.60 %, Hang Seng declined 0.30 %, ASX lost 0.25 % Commodities: Gold at $1338 (-0.60 %), Silver at $18.90 (-2.10 %), WTI Oil at $48.50 (-1.20 %), Brent Oil at $50.15 (-1.40 %) Rates: US 10 year yield at 1.60, UK 10 &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-22nd-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 22nd 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-17925","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\/17925","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=17925"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17925\/revisions"}],"predecessor-version":[{"id":17926,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/17925\/revisions\/17926"}],"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=17925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=17925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=17925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}