{"id":18038,"date":"2016-08-31T10:47:17","date_gmt":"2016-08-31T05:17:17","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18038"},"modified":"2016-08-31T10:47:17","modified_gmt":"2016-08-31T05:17:17","slug":"wednesday-31st-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/wednesday-31st-august-european-open-briefing\/","title":{"rendered":"Wednesday 31st 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 0.95 %, Shanghai Composite gained 0.30 %, Hang Seng fell 0.10 %, ASX 200 declined 0.70 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1318 (+0.15 %), Silver at $18.80 (+1.20 %), WTI Oil at $46.40 (+0.10 %), Brent Oil at $48.75 (+0.05 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.58, UK 10 year yield at 0.64, 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\tJapan Industrial Production (MoM, Jul): 0.0% (est 0.80%, prev 2.30%)\n\t<\/li>\n<li>\n\t\tJapan Industrial Production (YoY, Jul): -3.80% (est -3.00%, prev -1.50%)\n\t<\/li>\n<li>\n\t\tJapan Construction Orders (YoY, Jul): -10.90% (prev -2.40%)\n\t<\/li>\n<li>\n\t\tJapan Housing Starts (YoY, Jul): 8.90% (est 7.40%, prev -2.50%)\n\t<\/li>\n<li>\n\t\tJapan Small Business Confidence (Aug): 46.30 (prev 47.80)\n\t<\/li>\n<li>\n\t\tAustralia Private Sector Credit (MoM, Jul): 0.40% (est 0.40%, prev 0.20%)\n\t<\/li>\n<li>\n\t\tAustralia Private Sector Credit (YoY, Jul): 6.00% (est 6.10%, prev 6.20%)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Business Confidence (Aug): 15.5 (prev 16)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Activity Outlook (Aug): 33.7 (prev 31.4)\n\t<\/li>\n<li>\n\t\tNew Zealand M3 Money Supply (Jul, YoY): 6.30% (prev 5.90%)\n\t<\/li>\n<li>\n\t\tChina Westpac\/MNI Consumer Sentiment (Aug): 111.5 (prev 114.0)\n\t<\/li>\n<li>\n\t\tUK GfK Consumer Confidence (Aug): -7 (est -8, prev -12)\n\t<\/li>\n<li>\n\t\tUK Lloyds Business Barometer (Aug): 16 (prev 29)\n\t<\/li>\n<li>\n\t\tSouth Korea Industrial Production (MoM, Jul): 1.40% (est -0.60%, prev rev to -0.40% from -0.20%)\n\t<\/li>\n<li>\n\t\tSouth Korea Industrial Production (YoY, Jul): 1.60% (est 0.40%, prev 0.80%)\n\t<\/li>\n<li>\n\t\tPBOC fixes yuan at 6.6908 (vs. prev fix 6.6812, prev close 6.6820)\n\t<\/li>\n<li>\n\t\tYuan fixed at lowest levels vs the USD since 20\/Jul &#8211;BBG\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar retraced some of its recent gains as risk appetite improved. The New Zealand Dollar was the best performing currency overnight and NZD\/USD rallied from 0.7205 to a high of 0.7255. AUD\/USD followed it higher and rose from 0.75 to 0.7530. Meanwhile, the Canadian Dollar remains under pressure as Oil prices continue to decline. USD\/CAD declined slightly in Asia, but found good support at 1.3080.\n<\/p>\n<p>\n\tUSD\/JPY remains well bid and the risk-on sentiment is providing it with some additional support. The pair traded as high as 103.22 overnight, a fresh one-month high. With 103.00 resistance cleared, the next level to watch is 104.00, followed by 105.00\/20.\n<\/p>\n<p>\n\tEUR\/USD was quiet as usual, trading in a 1.1135-60 range. Meanwhile, GBP\/USD rallied from 1.3065 to a high of 1.3115 after the Tokyo open.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\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\t08:55 BST &#8211; German Unemployment Rate\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\t10:00 BST &#8211; Euro Zone CPI\n\t<\/li>\n<li>\n\t\t13:15 BST &#8211; US ADP Nonfarm Employment Change\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian GDP\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","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.95 %, Shanghai Composite gained 0.30 %, Hang Seng fell 0.10 %, ASX 200 declined 0.70 % Commodities: Gold at $1318 (+0.15 %), Silver at $18.80 (+1.20 %), WTI Oil at $46.40 (+0.10 %), Brent Oil at $48.75 (+0.05 %) Rates: US 10 year yield at 1.58, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/wednesday-31st-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 31st 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-18038","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\/18038","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=18038"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18038\/revisions"}],"predecessor-version":[{"id":18039,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18038\/revisions\/18039"}],"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=18038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}