{"id":18692,"date":"2016-10-26T10:13:54","date_gmt":"2016-10-26T04:43:54","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18692"},"modified":"2016-10-26T10:13:54","modified_gmt":"2016-10-26T04:43:54","slug":"wednesday-26th-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/wednesday-26th-october-european-open-briefing\/","title":{"rendered":"Wednesday 26th 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 0.10 %, Shanghai Composite lost 0.35 %, Hang Seng fell 0.75 %, ASX 200 declined 1.45 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1275 (+0.15 %), Silver at $17.81 (+0.20 %), WTI Oil at $49.30 (-1.40 %), Brent Oil at $50.20 (-1.20 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.75, UK 10 year yield at 1.10, 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 CPI (QoQ) Q3: 0.70% (est 0.50%, prev 0.40%)\n\t<\/li>\n<li>\n\t\tAustralia CPI (YoY) Q3: 1.30% (est 1.10%, prev 1.00%)\n\t<\/li>\n<li>\n\t\tAustralia Trimmed Mean CPI (QoQ) Q3: 0.40% (est 0.40%, prev 0.50%)\n\t<\/li>\n<li>\n\t\tAustralia Trimmed Mean CPI (YoY) Q3: 1.70% (est 1.70%, prev 1.70%)\n\t<\/li>\n<li>\n\t\tAustralia Weighted Median CPI (QoQ) Q3: 0.30% (est 0.40%, prev 0.40%)\n\t<\/li>\n<li>\n\t\tAustralia Weighted Median CPI (YoY) Q3: 1.30% (est 1.40%, prev 1.30%)\n\t<\/li>\n<li>\n\t\tChina Westpac-MNI Consumer Sentiment Oct: 117.1 (prev 115.2)\n\t<\/li>\n<li>\n\t\tJapan PPI Services (YoY) Sep: 0.30% (est 0.20%, prev 0.20%)\n\t<\/li>\n<li>\n\t\tPBOC fixes yuan 6.7705 (prev fix 6.7744, prev close 6.7795)\n\t<\/li>\n<li>\n\t\tChina tightens capital controls amid yuan&#39;s continuing slide &#8211; Nikkei\n\t<\/li>\n<li>\n\t\tAsia stocks slide on Wall Street losses, oil drops on inventory rise &#8211; RTRS\n\t<\/li>\n<li>\n\t\tWall Street slips on earnings; Apple falls late after results &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar underpinned by Fed rate expectations, Aussie shines &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe Australian Dollar rallied in Asia, following a stronger than expected Australian CPI print. Inflation rose 0.70 % q\/q and 1.30 % y\/y, while the market was anticipating 0.50 % and 1.10 % respectively. AUD\/USD rose from 0.7630 to 0.7710 following the release, but ran out of momentum above 0.77 and fell back to 0.7680 later in the session. Resistance is now seen at 0.7735 (last week&#39;s high), followed by 0.7760 (early August high), while support is noted at 0.7650 and 0.7585. The New Zealand Dollar declined as AUD\/NZD flows weighed on it; it reached a low of 0.7145, down 30 pips from the open.\n<\/p>\n<p>\n\tUSD\/JPY ran into decent offers ahead of the 105 level and reversed overnight. The pair traded as low as 104.00 in Asia, but good support is seen at 103.50 and 103.20.\n<\/p>\n<p>\n\tEUR\/USD and GBP\/USD were quiet as usual, with the former trading in a 1.0885-90 range, while Cable consolidated between 1.2160 and 1.2190. GBP\/USD traded as low as 1.2090 yesterday, during the speech by BoE Governor Carney, but then reversed sharply as the market realized that the BoE is not in a hurry to cut rates soon.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 BST &#8211; German Consumer Climate\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Italian Retail Sales\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 New Home Sales\n\t<\/li>\n<li>\n\t\t22:45 BST &#8211; New Zealand Trade Balance\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.10 %, Shanghai Composite lost 0.35 %, Hang Seng fell 0.75 %, ASX 200 declined 1.45 % Commodities: Gold at $1275 (+0.15 %), Silver at $17.81 (+0.20 %), WTI Oil at $49.30 (-1.40 %), Brent Oil at $50.20 (-1.20 %) Rates: US 10 year yield at 1.75, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/wednesday-26th-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 26th 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-18692","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\/18692","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=18692"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18692\/revisions"}],"predecessor-version":[{"id":18693,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18692\/revisions\/18693"}],"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=18692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}