{"id":18252,"date":"2016-09-19T10:30:43","date_gmt":"2016-09-19T05:00:43","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18252"},"modified":"2016-09-19T10:30:43","modified_gmt":"2016-09-19T05:00:43","slug":"monday-19th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-19th-september-european-open-briefing\/","title":{"rendered":"Monday 19th 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: Shanghai Composite rose 0.60 %, Hang Seng rallied 0.90 %, ASX 200 gained 0.05 %, Nikkei closed for holiday\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1318 (+0.60 %), Silver at $19.22 (+1.85 %), WTI Oil at $44.40 (+1.80 %), Brent Oil at $46.50 (+1.60 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.69, UK 10 year yield at 0.88, German 10 year yield at 0.00\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 Westpac Consumer Confidence Index (Q3): 108.0 (prev 106.0)\n\t<\/li>\n<li>\n\t\tNew Zealand PSI (Aug): 57.9 (prev rev 54.5)\n\t<\/li>\n<li>\n\t\tUK Rightmove House Price Index (MoM) Sep: 0.7% (prev -1.2%)\n\t<\/li>\n<li>\n\t\tUK Rightmove House Price Index (YoY) Sep: 4.0% (prev 4.1%)\n\t<\/li>\n<li>\n\t\tChina House Prices (YoY) Aug: 9.2% (prev 7.9%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan at 6.6786 (prev 6.6895)\n\t<\/li>\n<li>\n\t\tOil climbs as Venezuela sees output deal, Libya suffers clashes &#8211; RTRS\n\t<\/li>\n<li>\n\t\tAsia stocks rise before central bank meetings, oil bounces &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>CFTC Positioning Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tEUR 81K short vs. 93K short last week\n\t<\/li>\n<li>\n\t\tGBP 83K short vs. 90K short last week\n\t<\/li>\n<li>\n\t\tJPY 57K long vs. 54K long last week\n\t<\/li>\n<li>\n\t\tCHF 1.3K long vs. 1.4K long last week\n\t<\/li>\n<li>\n\t\tCAD 17K long vs 21K long last week\n\t<\/li>\n<li>\n\t\tAUD 36K long vs. 39K long last week\n\t<\/li>\n<li>\n\t\tNZD 5.1K long vs. 6.1K long last week\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar weakened in Asia, especially against the commodity currencies. AUD\/USD opened at 0.7480 in Sydney and rallied to a high of 0.7540 later in the session. Similar price action was seen in NZD\/USD, which rose from 0.7255 to 0.7310. The Canadian Dollar benefited from a rally in Oil prices and USD\/CAD fell from 1.3220 in the early Asian session to a low of 1.3150.\n<\/p>\n<p>\n\tEUR\/USD was quiet as usual and traded in a 1.1150-70 range. GBP\/USD bounced slightly after heavy losses on Friday and rose from 1.2995 to 1.3045. USD\/JPY volatility was low overnight, as Japanese markets were closed for a public holiday. The pair started the new trading week around 102.20 and spent the session in a 102.00-40 range.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Current Account\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US NAHB Housing Market Index\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, September 20th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t02:30 BST &#8211; Australia House Price Index\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; Swiss Trade Balance\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German PPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Building Permits\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Housing Starts\n\t<\/li>\n<li>\n\t\t17:45 BST &#8211; Bank of Canada Governor Poloz speaks\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, September 21st<\/u>\n<\/p>\n<ul>\n<li>\n\t\t(Tentative) &#8211; Bank of Japan Rate Decision\n\t<\/li>\n<li>\n\t\t00:50 BST &#8211; Japan Trade Balance\n\t<\/li>\n<li>\n\t\t07:30 BST &#8211; Bank of Japan Press Conference\n\t<\/li>\n<li>\n\t\t15:30 BST &#8211; US Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t19:00 BST &#8211; Fed Rate Decision\n\t<\/li>\n<li>\n\t\t19:00 BST &#8211; FOMC Statement\n\t<\/li>\n<li>\n\t\t19:30 BST &#8211; Fed Chair Yellen speaks\n\t<\/li>\n<li>\n\t\t22:00 BST &#8211; RBNZ Rate Decision\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, September 22nd<\/u>\n<\/p>\n<ul>\n<li>\n\t\t01:00 BST &#8211; RBA Assistant Governor Lowe speaks\n\t<\/li>\n<li>\n\t\t14:00 BST &#8211; US House Price Index\n\t<\/li>\n<li>\n\t\t14:00 BST &#8211; ECB President Draghi speaks\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Existing Home Sales\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US CB Leading Index\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, September 23rd<\/u>\n<\/p>\n<ul>\n<li>\n\t\t03:00 BST &#8211; Japan Manufacturing PMI\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; French GDP\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; French Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; German Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian CPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Retail Sales\n\t<\/li>\n<li>\n\t\t17:00 BST &#8211; FOMC Member Lockhart speaks\n\t<\/li>\n<li>\n\t\t17:00 BST &#8211; FOMC Member Mester 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: Shanghai Composite rose 0.60 %, Hang Seng rallied 0.90 %, ASX 200 gained 0.05 %, Nikkei closed for holiday Commodities: Gold at $1318 (+0.60 %), Silver at $19.22 (+1.85 %), WTI Oil at $44.40 (+1.80 %), Brent Oil at $46.50 (+1.60 %) Rates: US 10 year yield at 1.69, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-19th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 19th 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-18252","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\/18252","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=18252"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18252\/revisions"}],"predecessor-version":[{"id":18253,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18252\/revisions\/18253"}],"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=18252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}