{"id":18383,"date":"2016-09-29T10:44:52","date_gmt":"2016-09-29T05:14:52","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18383"},"modified":"2016-09-29T10:44:52","modified_gmt":"2016-09-29T05:14:52","slug":"thursday-29th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/thursday-29th-september-european-open-briefing\/","title":{"rendered":"Thursday 29th 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 1.40 %, Shanghai Composite gained 0.60 %, Hang Seng rose 0.50 %, ASX 200 rallied 1.00 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1328 (+0.35 %), Silver at $19.32 (+1.05 %), WTI Oil at $47.05 (-0.05 %), Brent Oil at $49.10 (-0.30 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.58, UK 10 year yield at 0.68, German 10 year yield at -0.13\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan Retail Sales (MoM) Aug: -1.1% (est. -0.60%, prev. 1.50%)\n\t<\/li>\n<li>\n\t\tJapan Retail Trade (YoY) Aug: -2.1% (est. -1.70%, prev. -0.20%)\n\t<\/li>\n<li>\n\t\tAustralia Job Vacancies (QoQ) Aug: 4.6% (prev. -1.90%)\n\t<\/li>\n<li>\n\t\tPBOC sets USD\/CNY mid-point at 6.6700 (prev. fix 6.6681, prev. close 6.6750)\n\t<\/li>\n<li>\n\t\tRBNZ: NZD exchange rate is too high; RBNZ remain vigilant regarding risks, especially with regard to housing imbalances\n\t<\/li>\n<li>\n\t\tOPEC agrees modest oil output curbs in first deal since 2008 &#8211; RTRS\n\t<\/li>\n<li>\n\t\tCommodity currencies firm, yen sags after OPEC oil curb agreement &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tRisk assets rallied overnight after the OPEC announced that it agreed on cutting output. This pushed oil prices up more than 4 % on the day, and led to a rally in global equity markets. FX was also affected, as the Japanese Yen plunged and commodity currencies rallied across the board.\n<\/p>\n<p>\n\tAUD\/USD rallied from 0.7645 in yesterday&#39;s NY session to a high of 0.7710 in Asia. The topside was capped there for now, but the Australian Dollar remains well bid and techs point to further gains. 0.7750\/60 are the key levels that AUD\/USD has to take out; beyond that area, there is not much resistance until 0.80.\n<\/p>\n<p>\n\tUSD\/CAD has been under heavy pressure as the Canadian Dollar was supported by the rally in Oil. The pair fell from 1.3260 to a low of 1.3050 in Asia. Resistance is now seen at 1.3120 and 1.3180, while the next major support level lies at 1.30.\n<\/p>\n<p>\n\tUSD\/JPY rallied along with equities and reached a high of 101.50. Decent offers lie ahead of the 102.00 level, but the effects of the OPEC deal and improvement in risk appetite should keep it supported in the short-term.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:00 BST &#8211; Spanish CPI\n\t<\/li>\n<li>\n\t\t08:55 BST &#8211; German Unemployment Rate\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\t13:30 BST &#8211; US GDP\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Pending Home Sales\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 1.40 %, Shanghai Composite gained 0.60 %, Hang Seng rose 0.50 %, ASX 200 rallied 1.00 % Commodities: Gold at $1328 (+0.35 %), Silver at $19.32 (+1.05 %), WTI Oil at $47.05 (-0.05 %), Brent Oil at $49.10 (-0.30 %) Rates: US 10 year yield at 1.58, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/thursday-29th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 29th 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-18383","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\/18383","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=18383"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18383\/revisions"}],"predecessor-version":[{"id":18385,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18383\/revisions\/18385"}],"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=18383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}