{"id":18627,"date":"2016-10-20T10:11:40","date_gmt":"2016-10-20T04:41:40","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18627"},"modified":"2016-10-20T10:11:40","modified_gmt":"2016-10-20T04:41:40","slug":"thursday-20th-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/thursday-20th-october-european-open-briefing\/","title":{"rendered":"Thursday 20th 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 1.20 %, Shanghai Composite lost 0.10 %, Hang Seng rose 0.80 %, ASX 200 gained 0.25 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1273 (+0.30 %), Silver at $17.73 (+0.40 %), WTI Oil at $51.70 (-0.25 %), Brent Oil at $52.60 (-0.15 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.75, UK 10 year yield at 1.09, 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\tAustralia Employment Change (Sep): -9.8k (est 15.0K, prev rev to -8.6k from -3.9K)\n\t<\/li>\n<li>\n\t\tAustralia Unemployment Rate (Sep): 5.60% (est 5.70%, prev rev to 5.70% from 5.60%)\n\t<\/li>\n<li>\n\t\tAustralia Full Time Employment Change (Sep): -53k (prev rev to 101k from 11.5K)\n\t<\/li>\n<li>\n\t\tAustralia Part Time Change (Sep): (prev rev to -18.6k from -15.4K)\n\t<\/li>\n<li>\n\t\tAustralia Participation Rate (Sep): 64.50% (est 64.80%, prev 64.70%)\n\t<\/li>\n<li>\n\t\tAustralia NAB Business Confidence (Q3): 5 (prev rev to 3 from 2)\n\t<\/li>\n<li>\n\t\tPBOC fixes yuan at 6.7311 (prev fix 6.7326, prev close 6.7385)\n\t<\/li>\n<li>\n\t\tBrazil central bank cuts benchmark rate to 14%\n\t<\/li>\n<li>\n\t\tFear grows AAA rating to be lost &#8212; The Australian\n\t<\/li>\n<li>\n\t\tFed&#39;s Dudley: Fed is reasonably close to inflation and employment goals\n\t<\/li>\n<li>\n\t\tFed&#39;s Dudley: 25bps hike later this year &#39;not that big a deal&#39;\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe Australian Dollar declined overnight after disappointing jobs data out of Australia. While the unemployment rate did decrease from 5.7 % to 5.6 %, employment change arrived at -9.8k vs. an expected increase of 15k. AUD\/USD fell from 0.7730 to a low of 0.7675 so far. The New Zealand Dollar managed to remain bid however, as NZD\/USD rose to a high of 0.7265. AUD\/NZD came under pressure following the data and declined to 1.06.\n<\/p>\n<p>\n\tEUR\/USD was quiet and consolidated in a 1.0965-80 range. The ECB will decide on interest rates today and is expected to keep them unchanged. Meanwhile, GBP\/USD is still struggling to keep itself above 1.23 and declined back to 1.2275 in Asia.\n<\/p>\n<p>\n\tUSD\/JPY benefited from the rise in equity markets and climbed from 103.35 to 103.65 overnight. Resistance is now seen at 104.20, followed by 104.45\/50.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\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\t09:00 BST &#8211; Euro Zone Current Account\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Retail Sales\n\t<\/li>\n<li>\n\t\t12:45 BST &#8211; ECB Rate Decision\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; ECB Press Conference\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; US Philadelphia Fed Manufacturing Index\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","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 1.20 %, Shanghai Composite lost 0.10 %, Hang Seng rose 0.80 %, ASX 200 gained 0.25 % Commodities: Gold at $1273 (+0.30 %), Silver at $17.73 (+0.40 %), WTI Oil at $51.70 (-0.25 %), Brent Oil at $52.60 (-0.15 %) Rates: US 10 year yield at 1.75, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/thursday-20th-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 20th 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-18627","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\/18627","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=18627"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18627\/revisions"}],"predecessor-version":[{"id":18628,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18627\/revisions\/18628"}],"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=18627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}