{"id":18006,"date":"2016-08-29T11:12:35","date_gmt":"2016-08-29T05:42:35","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18006"},"modified":"2016-08-29T11:14:59","modified_gmt":"2016-08-29T05:44:59","slug":"monday-29th-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-29th-august-european-open-briefing\/","title":{"rendered":"Monday 29th August: European Open Briefing"},"content":{"rendered":"<h3>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h3>\n<ul>\n<li>\n<div>\n\t\t\tAsian stock markets: Nikkei up 2.35 %, Shanghai Composite gained 0.05 %, Hang Seng fell 0.40 %, ASX 200 lost 1.10 %\n\t\t<\/div>\n<\/li>\n<li>\n<div>\n\t\t\tCommodities: Gold at $1320 (-0.40 %), Silver at $18.45 (-1.15 %), WTI Oil at $47.00 (-1.40 %), Brent Oil at $49.55 (-1.25 %)\n\t\t<\/div>\n<\/li>\n<li>\n<div>\n\t\t\tRates: US 10 year yield at 1.62, UK 10 year yield at 0.57, German 10 year yield at -0.07\n\t\t<\/div>\n<\/li>\n<\/ul>\n<h3>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h3>\n<ul>\n<li>\n<div>\n\t\t\tAUS HIA New Home Sales (Jul, MoM): -9.70% (prev 8.20%)\n\t\t<\/div>\n<\/li>\n<li>\n<div>\n\t\t\tPBOC fixes yuan at 6.6856 (vs prev fix 6.6488, prev close 6.669)\n\t\t<\/div>\n<\/li>\n<li>\n<div>\n\t\t\tECB&#39;s Coeure says interest rates could stay low if other policy areas don&#39;t contribute\n\t\t<\/div>\n<\/li>\n<li>\n<div>\n\t\t\tNomura: USDJPY is a buy-on-dips until NFP on Friday\n\t\t<\/div>\n<\/li>\n<li>\n<div>\n\t\t\tBoK: South Korea economy to see mild improvement, driven by services and domestic consumption &#8211;RTRS\n\t\t<\/div>\n<\/li>\n<li>\n<div>\n\t\t\tFed&#39;s Yellen sees stronger case for interest rate hike &#8211; RTRS\n\t\t<\/div>\n<\/li>\n<\/ul>\n<h3>\n\t<strong>CFTC Positioning Data:<\/strong><br \/>\n<\/h3>\n<ul>\n<li>\n<div>\n\t\t\tEUR 77K short versus 93k short last week\n\t\t<\/div>\n<\/li>\n<li>\n<div>\n\t\t\tGBP 95K short versus 94K short last week\n\t\t<\/div>\n<\/li>\n<li>\n<div>\n\t\t\tJPY 60K long versus 56K long last week\n\t\t<\/div>\n<\/li>\n<li>\n<div>\n\t\t\tCHF 1.8K long versus 1.5K long last week\n\t\t<\/div>\n<\/li>\n<li>\n<div>\n\t\t\tCAD 17K long versus 12K long last week\n\t\t<\/div>\n<\/li>\n<li>\n<div>\n\t\t\tAUD 43K long versus 41K long last week\n\t\t<\/div>\n<\/li>\n<li>\n<div>\n\t\t\tNZD 0.9K short vs 0.7K short last week\n\t\t<\/div>\n<\/li>\n<\/ul>\n<h3>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h3>\n<div>\n\tThe US Dollar extended gains overnight following comments from Fed Chair Yellen on Friday that the case for an interest rate hike has become stronger. EUR\/USD started the new trading week at 1.1190 and consolidated between 1.1175 and 1.1205 for the rest of the session. GBP\/USD traded in a 1.3110-40 range. USD\/JPY saw slightly higher volatility; the pair opened at 101.90 and rallied to a high of 102.25 after the Tokyo open.\n<\/div>\n<div>\n\tAUD\/USD opened at 0.7560 in Sydney and came under renewed pressure, declining to a low of 0.7525 later in the session. NZD\/USD initially followed the AUD lower, but was able to bounce off 0.7210 and rallied to a high of 0.7245 earlier.\n<\/div>\n<p>\n\tToday&rsquo;s EU session could be quiet amid a lack of data and UK markets closed for a bank holiday.\n<\/p>\n<h3>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h3>\n<ul>\n<li>\n<div>\n\t\t\t09:00 BST &#8211; Italian Consumer Confidence\n\t\t<\/div>\n<\/li>\n<li>\n<div>\n\t\t\t13:30 BST &#8211; US Core PCE Price Index\n\t\t<\/div>\n<\/li>\n<li>\n\t\t13:30 BST &#8211; US Personal Spending\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Personal Income\n\t<\/li>\n<li>\n\t\t14:30 BST &#8211; Fed Chair Yellen speaks\n\t<\/li>\n<li>\n\t\t15:30 BST &#8211; Dallas Fed Manufacturing Business Index\n\t<\/li>\n<\/ul>\n<h3>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h3>\n<p>\n\t<u>Tuesday, 30th August<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 BST &#8211; Japan Household Spending\n\t<\/li>\n<li>\n\t\t<strong>00:30 BST &#8211; Japan Retail Sales<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>00:30 BST &#8211; Japan Unemployment Rate<\/strong>\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Australia Building Approvals\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German Import Price Index\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; Spanish CPI\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone Consumer Confidence\n\t<\/li>\n<li>\n\t\t<strong>13:00 BST &#8211; German CPI<\/strong>\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US CB Consumer Confidence\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, 31th August<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:50 BST &#8211; Japan Industrial Production\n\t<\/li>\n<li>\n\t\t02:00 BST &#8211; New Zealand ANZ Business Confidence\n\t<\/li>\n<li>\n\t\t02:00 BST &#8211; RBA Assistant Governor Debelle speaks\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Australia Private Sector Credit\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German Retail Sales\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; French CPI\n\t<\/li>\n<li>\n\t\t<strong>08:55 BST &#8211; German Unemployment Rate<\/strong>\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Norway GDP\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Italian CPI\n\t<\/li>\n<li>\n\t\t<strong>10:00 BST &#8211; Euro Zone CPI<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>13:15 BST &#8211; US ADP Nonfarm Employment Change<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>13:30 BST &#8211; Canadian GDP<\/strong>\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Chicago PMI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Pending 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, September 1st<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 BST &#8211; Australia AIG Manufacturing Index\n\t<\/li>\n<li>\n\t\t<strong>02:00 BST &#8211; China Manufacturing PMI<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>02:00 BST &#8211; China Non-Manufacturing PMI<\/strong>\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Australia Private New Capex\n\t<\/li>\n<li>\n\t\t<strong>02:30 BST &#8211; Australia Retail Sales<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>02:45 BST &#8211; China Caixin Manufacturing PMI<\/strong>\n\t<\/li>\n<li>\n\t\t03:00 BST &#8211; Japan Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:15 BST &#8211; Swiss Retail Sales\n\t<\/li>\n<li>\n\t\t08:45 BST &#8211; Italian Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:50 BST &#8211; French Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:55 BST &#8211; German Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Manufacturing PMI\n\t<\/li>\n<li>\n\t\t<strong>13:30 BST &#8211; US Initial Jobless Claims<\/strong>\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Markit Manufacturing PMI\n\t<\/li>\n<li>\n\t\t<strong>15:00 BST &#8211; US ISM Manufacturing PMI<\/strong>\n\t<\/li>\n<li>\n\t\t17:00 BST &#8211; ECB&#39;s Nowotny speaks\n\t<\/li>\n<li>\n\t\t17:25 BST &#8211; FOMC Member Mester speaks\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, September 2nd<\/u>\n<\/p>\n<ul>\n<li>\n\t\t09:00 BST &#8211; Italian GDP\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Construction PMI\n\t<\/li>\n<li>\n\t\t<strong>13:30 BST &#8211; US NFP<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>13:30 BST &#8211; US Unemployment Rate<\/strong>\n\t<\/li>\n<li>\n\t\t<strong>13:30 BST &#8211; US Average Hourly Earnings<\/strong>\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Trade Balance\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Factory Orders\n\t<\/li>\n<li>\n\t\t18:00 BST &#8211; FOMC Member Lacker speaks\n\t<\/li>\n<li>\n\t\t20:30 BST &#8211; CFTC Positioning Data\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 2.35 %, Shanghai Composite gained 0.05 %, Hang Seng fell 0.40 %, ASX 200 lost 1.10 % Commodities: Gold at $1320 (-0.40 %), Silver at $18.45 (-1.15 %), WTI Oil at $47.00 (-1.40 %), Brent Oil at $49.55 (-1.25 %) Rates: US 10 year yield at 1.62, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-29th-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 29th 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-18006","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\/18006","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=18006"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18006\/revisions"}],"predecessor-version":[{"id":18008,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18006\/revisions\/18008"}],"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=18006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}