{"id":18105,"date":"2016-09-06T10:44:32","date_gmt":"2016-09-06T05:14:32","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18105"},"modified":"2016-09-06T10:44:45","modified_gmt":"2016-09-06T05:14:45","slug":"tuesday-6th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-6th-september-european-open-briefing\/","title":{"rendered":"Tuesday 6th September: 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 rose 0.05 %, Hang Seng gained 0.20 %, ASX 200 declined 0.30 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1330 (+0.30 %), Silver at $19.58 (+1.10 %), WTI Oil at $45.30 (+1.90 %), Brent Oil at $47.70 (+0.15 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.61, UK 10 year yield at 0.71, German 10 year yield at -0.05\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tRBA Cash Rate Target (Sept): 1.50% (est 1.50%, prev 1.50%)\n\t<\/li>\n<li>\n\t\tRBA says home prices have risen moderately over past year\n\t<\/li>\n<li>\n\t\tRBA says labour market data mixed, sees continued growth in employment\n\t<\/li>\n<li>\n\t\tRBA says inflation expected to remain low for some time\n\t<\/li>\n<li>\n\t\tRBA says rising a$ could complicate economic rebalancing\n\t<\/li>\n<li>\n\t\tRBA says global monetary policy remains remarkably accommodative\n\t<\/li>\n<li>\n\t\tRBA says, after easing in august, judged steady policy consistent with sustainable growth\n\t<\/li>\n<li>\n\t\tRBA says pace of china growth appears to be moderating\n\t<\/li>\n<li>\n\t\tRBA says global economy growing at lower than average pace\n\t<\/li>\n<li>\n\t\tRBA says Australia economy continues to grow\n\t<\/li>\n<li>\n\t\tRBA says large supply of apartments come on stream in next couple of years\n\t<\/li>\n<li>\n\t\tAustralia ANZ Weekly Consumer Sentiment (4\/Sep): 114.3 (prev 118.4)\n\t<\/li>\n<li>\n\t\tAustralia Current Account (Q2): -15.54bn (est -19.75bn, prev -20.8bn)\n\t<\/li>\n<li>\n\t\tAustralia Net Exports Contribution (Q2): -0.20% (est 0.00%, prev 1.10%)\n\t<\/li>\n<li>\n\t\tNew Zealand QV House Prices (YoY, Aug): 14.60% (prev +14.10%)\n\t<\/li>\n<li>\n\t\tPBoC fixes yuan @ 6.6676 (prev fix 6.6873, prev close 6.6768)\n\t<\/li>\n<li>\n\t\tJapan&#39;s Suga: Japan will firmly implement policy for fiscal and economic growth &#8211;BBG\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe Australian Dollar rallied ahead of the RBA meeting, but the reaction to the decision was rather subdued as the central bank kept its rates unchanged, as expected. The monetary policy statement did not contain any surprises either. The rally in the AUD pushed the New Zealand Dollar higher as well. NZD\/USD rose form 0.73 in the early Asian session to a high of 0.7325. Meanwhile, volatility in USD\/CAD has decreased again, after a sharp move in Oil prices yesterday led to a CAD rally. USD\/CAD traded in a 1.2915-35 range overnight.\n<\/p>\n<p>\n\tEUR\/USD started the day around 1.1150 and was caught in a 1.1140-60 range in Asia. GBP\/USD opened at 1.3295 in Sydney and rallied to a high of 1.3325 later in the session. Resistance in the 1.3360-80 area proved to be difficult yesterday, but if it can clear that area, there is not much resistance until 1.35.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t06:45 BST &#8211; Swiss GDP\n\t<\/li>\n<li>\n\t\t08:15 BST &#8211; Swiss CPI\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone GDP\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Services PMI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US ISM Non-Manufacturing PMI\n\t<\/li>\n<li>\n\t\t17:15 BST &#8211; SNB Chairman Jordan speaks\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.25 %, Shanghai Composite rose 0.05 %, Hang Seng gained 0.20 %, ASX 200 declined 0.30 % Commodities: Gold at $1330 (+0.30 %), Silver at $19.58 (+1.10 %), WTI Oil at $45.30 (+1.90 %), Brent Oil at $47.70 (+0.15 %) Rates: US 10 year yield at 1.61, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-6th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 6th September: 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-18105","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\/18105","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=18105"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18105\/revisions"}],"predecessor-version":[{"id":18106,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18105\/revisions\/18106"}],"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=18105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}