{"id":18022,"date":"2016-08-30T10:38:36","date_gmt":"2016-08-30T05:08:36","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18022"},"modified":"2016-08-30T10:38:36","modified_gmt":"2016-08-30T05:08:36","slug":"tuesday-30th-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-30th-august-european-open-briefing\/","title":{"rendered":"Tuesday 30th 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 0.05 %, Shanghai Composite gained 0.05 %, Hang Seng rose 0.70 %, ASX 200 up 0.30 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1327 (+0.05 %), Silver at $18.76 (-0.05 %), WTI Oil at $47.20 (+0.45 %), Brent Oil at $49.55 (+0.20 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.58, UK 10 year yield at 0.57, German 10 year yield at -0.05\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan Unemployment Rate (Jul): 3.00% (est 3.10%, prev 3.10%)\n\t<\/li>\n<li>\n\t\tJapan Jobs\/Applications Ratio (Jul): 1.37 (est 1.38, prev 1.37)\n\t<\/li>\n<li>\n\t\tJapan Household Spending (MoM) (Jul): 2.50% (est 1.10%, prev -1.10%)\n\t<\/li>\n<li>\n\t\tJapan Household Spending (YoY) (Jul): -0.50% (est -0.90%, prev -2.20%)\n\t<\/li>\n<li>\n\t\tJapan Retail Trade (YoY, Jul): -0.20% (est -0.90%, prev rev -1.30%)\n\t<\/li>\n<li>\n\t\tJapan Retail Sales (MoM, Jul): 1.40% (est 0.80%, prev rev 0.30%)\n\t<\/li>\n<li>\n\t\tAustralia ANZ\/Roy Morgan Weekly Consumer Confidence Index (28\/Aug): 118.4 (prev 121.8)\n\t<\/li>\n<li>\n\t\tAustralia Building Approvals (MoM, Jul): 11.30% (est 1.10%, prev -2.90%)\n\t<\/li>\n<li>\n\t\tAustralia Building Approvals (YoY, Jul): 3.10% (est -8.30%, prev -5.90%)\n\t<\/li>\n<li>\n\t\tNew Zealand Building Consents (MoM, Jul): -10.5% (prev 16.3%)\n\t<\/li>\n<li>\n\t\tUK CBI Services Sector Survey: Business Optimism: -30 (prev: -5)\n\t<\/li>\n<li>\n\t\tUK CBI Consumer Optimism: -37 (prev: 9)\n\t<\/li>\n<li>\n\t\tUK CBI: Services sector optimism drops sharply post-Brexit\n\t<\/li>\n<li>\n\t\tPBoC fixes yuan at 6.6812 (vs prev 6.6856, prev close 6.6838)\n\t<\/li>\n<li>\n\t\tRBNZ&#39;s McDermott: Confident inflation will rise naturally to the 1-3% band, RBNZ will do what is appropriate to raise inflation\n\t<\/li>\n<li>\n\t\tRBNZ&#39;s McDermott: Don&#39;t think we are getting to zero rate, monetary policy still works\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar appreciated against most major currencies overnight. USD\/JPY bounced off 101.75 support ahead of the Tokyo open and rallied to a high of 102.25. The chance of a Fed rate hike this year has increased and continues to keep the USD supported. Traders are now looking forward to the main event of this week &#8211; NFP on Friday. A strong number could make it difficult for the Fed to wait much longer with a rate hike.\n<\/p>\n<p>\n\tEUR\/USD traded 1.1170-90 overnight, while GBP\/USD spent the session in a 1.3075-1.3120 range. Trading has been subdued yesterday amid an UK bank holiday and lack of data\/events.\n<\/p>\n<p>\n\tAUD\/USD traded slightly lower in the early Asian session and reached a low of 0.7560, but eventually recovered and made it back to 0.7575. NZD\/USD is consolidating around 0.7250 and is basically unchanged on the day.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\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\t13:00 BST &#8211; German CPI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US CB Consumer Confidence\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.05 %, Shanghai Composite gained 0.05 %, Hang Seng rose 0.70 %, ASX 200 up 0.30 % Commodities: Gold at $1327 (+0.05 %), Silver at $18.76 (-0.05 %), WTI Oil at $47.20 (+0.45 %), Brent Oil at $49.55 (+0.20 %) Rates: US 10 year yield at 1.58, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-30th-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 30th 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-18022","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\/18022","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=18022"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18022\/revisions"}],"predecessor-version":[{"id":18023,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18022\/revisions\/18023"}],"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=18022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}