{"id":18236,"date":"2016-09-16T10:03:23","date_gmt":"2016-09-16T04:33:23","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18236"},"modified":"2016-09-16T10:03:23","modified_gmt":"2016-09-16T04:33:23","slug":"friday-16th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-16th-september-european-open-briefing\/","title":{"rendered":"Friday 16th 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 0.40 %, ASX gained 1.10 %, Shanghai Composite and Hang closed for holiday\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1317 (-0.05 %), Silver at $19.03 (-0.05 %), WTI Oil at $43.65 (-0.60 %), Brent Oil at $46.35 (-0.55 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.69, UK 10 year yield at 0.90, 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\tNew Zealand ANZ Consumer Confidence (Sep): 121.0 (prev 117.7)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Job Ads (MoM) Aug: 3.1% (prev 1.4%)\n\t<\/li>\n<li>\n\t\tJapan&rsquo;s Central Bank Splits Over Easing Program &#8212; WSJ\n\t<\/li>\n<li>\n\t\tAsia stocks up as weak data crimp Fed hike chances &#8211; RTRS\n\t<\/li>\n<li>\n\t\tJapan finance minister says to coordinate with Bank of Japan to beat deflation &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar came under some pressure overnight following yesterday&#39;s mixed US economic data. While initial jobless claims and the Philadelphia Fed Manufacturing Index beat expectations, retail sales, PPI, industrial and manufacturing production data arrived lower than expected.\n<\/p>\n<p>\n\tThe USD fell the most against the commodity currencies. AUD\/USD rallied from 0.7445 to 0.7510 following the weak data releases, and extended gains to 0.7526 overnight. Similar price action was seen in NZD\/USD, which rose to a high of 0.7330 in Asia.\n<\/p>\n<p>\n\tEUR\/USD volatility remains low. It had a brief spike to 1.1280 in yesterday&#39;s NY session, but quickly retraced the move. In Asia, EUR\/USD settled in a 1.1235-50 range. GBP\/USD traded 1.3220-48.\n<\/p>\n<p>\n\tVolatility has been lower throughout this week and decreased even further overnight, as Chinese, HK, Malaysian, Korean and Taiwanese markets were closed for a holiday. It could remain quiet in Europe, as there are no major data releases, but we should see some increased volatility around the US CPI release at 13:30 BST.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:00 BST &#8211; Italian Trade Balance\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US CPI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Michigan Consumer Sentiment\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.40 %, ASX gained 1.10 %, Shanghai Composite and Hang closed for holiday Commodities: Gold at $1317 (-0.05 %), Silver at $19.03 (-0.05 %), WTI Oil at $43.65 (-0.60 %), Brent Oil at $46.35 (-0.55 %) Rates: US 10 year yield at 1.69, UK 10 year yield at &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-16th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 16th 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-18236","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\/18236","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=18236"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18236\/revisions"}],"predecessor-version":[{"id":18237,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18236\/revisions\/18237"}],"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=18236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}