{"id":18451,"date":"2016-10-05T10:28:27","date_gmt":"2016-10-05T04:58:27","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18451"},"modified":"2016-10-05T10:28:27","modified_gmt":"2016-10-05T04:58:27","slug":"wednesday-5th-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/wednesday-5th-october-european-open-briefing\/","title":{"rendered":"Wednesday 5th October: 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 0.60 %, Hang Seng rose 0.55 %, ASX 200 fell 0.50 %, Shanghai Composite closed for holiday\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1278 (+0.50 %), Silver at $17.99 (+1.20 %), WTI Oil at $49.15 (+0.90 %), Brent Oil at $51.30 (+0.80 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.69, UK 10 year yield at 0.78, 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\tJapan Nikkei Services PMI Sep: 48.2 (prev. 49.6)\n\t<\/li>\n<li>\n\t\tJapan Nikkei Composite PMI Sep: 48.9 (prev. 49.8)\n\t<\/li>\n<li>\n\t\tAustralian Retail Sales (MoM) Aug: 0.4% (est. 0.20%, prev. 0.00%)\n\t<\/li>\n<li>\n\t\tAustralia AIG Perf of Services Index Sep: 48.9 (prev. 45)\n\t<\/li>\n<li>\n\t\tSingapore Nikkei PMI Sep: 52.9 (prev. 52.3)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Commodity Price Index (MoM) Sep: 5.1% (prev. 3.20%\n\t<\/li>\n<li>\n\t\tUK BRC Shop Price Index (YoY) Sep: -1.8% (prev. -2.00%)\n\t<\/li>\n<li>\n\t\tSouth Korea CPI (MoM) Sep: 0.6% (est. 0.20%, prev. -0.10%)\n\t<\/li>\n<li>\n\t\tSouth Korea CPI (YoY) Sep: 1.2% (est. 0.70%, prev. 0.40%)\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>Markets Update:<\/strong>\n<\/p>\n<p>\n\tPrecious metals were in the focus yesterday as Gold broke below $1300. Plenty of stops were triggered as the level broke and momentum sharply accelerated, bringing price to a low of 1266. Gold was able to bounce slightly in Asia, but remains trading with an offered tone. Silver also came under pressure and fell from 18.80 to a low of 17.70.\n<\/p>\n<p>\n\tThe US Dollar is extending gains, while commodity currencies and the Yen were the worst performing currencies in the past 24 hours. AUD\/USD fell to 0.76 after another fail to break above 0.77, while NZD\/USD declined below 0.72. Meanwhile, USD\/JPY is slowly approaching the 103 level.\n<\/p>\n<p>\n\tThe Pound remains under pressure, and the daily close below 1.2790 support suggests further losses are ahead. The Euro continues to consolidate, as it bounced off 1.1140 support and rallied back above 1.12.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:45 BST &#8211; Italian Services PMI\n\t<\/li>\n<li>\n\t\t08:50 BST &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:55 BST &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Services PMI\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone Retail Sales\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; US Trade Balance\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Trade Balance\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\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 0.60 %, Hang Seng rose 0.55 %, ASX 200 fell 0.50 %, Shanghai Composite closed for holiday Commodities: Gold at $1278 (+0.50 %), Silver at $17.99 (+1.20 %), WTI Oil at $49.15 (+0.90 %), Brent Oil at $51.30 (+0.80 %) Rates: US 10 year yield at 1.69, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/wednesday-5th-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 5th October: 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-18451","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\/18451","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=18451"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18451\/revisions"}],"predecessor-version":[{"id":18452,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18451\/revisions\/18452"}],"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=18451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}