{"id":18463,"date":"2016-10-06T10:14:05","date_gmt":"2016-10-06T04:44:05","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18463"},"modified":"2016-10-06T10:14:05","modified_gmt":"2016-10-06T04:44:05","slug":"thursday-6th-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/thursday-6th-october-european-open-briefing\/","title":{"rendered":"Thursday 6th 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 0.65 %, Hang Seng rose 0.45 %, ASX 200 rallied 0.55 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1267 (-0.10 %), Silver at $17.28 (+0.20 %), WTI Oil at $49.50 (-0.70 %), Brent Oil at $51.50 (-0.70 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.71, UK 10 year yield at 0.81, German 10 year yield at -0.01\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia Trade Balance (AUD) Aug: -2.01B (est. -2.30B, rev prev. -2.12B from -2.41B)\n\t<\/li>\n<li>\n\t\tAustralia Exports (MoM) Aug: 0% (prev. 3%)\n\t<\/li>\n<li>\n\t\tAustralia Imports (MoM) Aug: 0% (prev. 0%)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Truckometer Heavy (MoM) Sep: -1.4% (prev. 6.70%)\n\t<\/li>\n<li>\n\t\tAsia stocks up on solid US data, gold hit by stimulus taper fears &#8211; RTRS\n\t<\/li>\n<li>\n\t\tEnergy, bank stocks lead Wall Street higher &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<div>\n\tCommodity currencies are under increased pressure amid broad USD strength. AUD\/USD fell again below 0.76 overnight, and support at 0.7590 looks fragile. NZD\/USD was quiet in Asia and consolidated between 0.7150-80 after heavier losses yesterday, but continues to trade with an offered tone as well. The Canadian Dollar is doing slightly better, supported by rising oil prices, but USD\/CAD nevertheless made it back above 1.32.&nbsp;\n<\/div>\n<div>\n\t&nbsp;\n<\/div>\n<div>\n\tEUR\/USD spent the Asian session in a 12 pips range and has generally been stuck within a tight range for the past few trading weeks. Better volatility can be seen in GBP\/USD, which continues to suffer from last weekend&#39;s announcement that Article 50 will be triggered next March.\n<\/div>\n<div>\n\t&nbsp;\n<\/div>\n<div>\n\tUSD\/JPY has paused slightly, following a +200 pips rally this week (so far). Resistance is now seen at 104.00, but 105 is the significant level to watch.\n<\/div>\n<div>\n\t&nbsp;\n<\/div>\n<div>\n\t<strong>Upcoming Events:<\/strong>\n<\/div>\n<ul>\n<li>\n\t\t07:00 BST &#8211; German Factory Orders\n\t<\/li>\n<li>\n\t\t08:15 BST &#8211; Swiss CPI\n\t<\/li>\n<li>\n\t\t12:30 BST &#8211; ECB Meeting Minutes\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Building Permits\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.65 %, Hang Seng rose 0.45 %, ASX 200 rallied 0.55 % Commodities: Gold at $1267 (-0.10 %), Silver at $17.28 (+0.20 %), WTI Oil at $49.50 (-0.70 %), Brent Oil at $51.50 (-0.70 %) Rates: US 10 year yield at 1.71, UK 10 year yield at 0.81, &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/thursday-6th-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 6th 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-18463","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\/18463","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=18463"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18463\/revisions"}],"predecessor-version":[{"id":18465,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18463\/revisions\/18465"}],"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=18463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}