{"id":18704,"date":"2016-10-27T10:00:50","date_gmt":"2016-10-27T04:30:50","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18704"},"modified":"2016-10-27T10:00:50","modified_gmt":"2016-10-27T04:30:50","slug":"thursday-27th-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/thursday-27th-october-european-open-briefing\/","title":{"rendered":"Thursday 27th October: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tEquities: Nikkei down 0.45 %, Shanghai Composite lost 0.35 %, Hang Seng declined 1.25 %; ASX 200 fell 0.90 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1266 (-0.05 %), Silver at $17.58 (-0.30 %), WTI Oil at $49.25 (+0.15 %), Brent Oil at $50.05 (+0.15 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.81, UK 10 year yield at 1.16, UK 10 year yield at 0.09\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tNew Zealand Trade Balance (MoM) (NZD) Sep: -1.436bn (est -1.145bn, prev -1.265bn)\n\t<\/li>\n<li>\n\t\tNew Zealand Exports (NZD) Sep: 3.47bn (est 3.53bn, prev 3.39bn)\n\t<\/li>\n<li>\n\t\tNew Zealand Imports (NZD) Sep: 4.9bn (est 4.68bn, prev 4.65bn)\n\t<\/li>\n<li>\n\t\tAustralia Export Price Index (QoQ) Q3: 3.5% (est 2.00%, prev 1.40%)\n\t<\/li>\n<li>\n\t\tAustralia Import Price Index (QoQ) Q3: -1.0% (est -0.80%, prev -1.00%)\n\t<\/li>\n<li>\n\t\tChina Industrial Profits (YoY) (Sep): 7.70% (prev 19.50%)\n\t<\/li>\n<li>\n\t\tChina Industrial Profits (YoY) (Jan-Sep): 8.40%\n\t<\/li>\n<li>\n\t\tPBoC fixes yuan 6.7736 (prev fix 6.7705, prev close 6.7706)\n\t<\/li>\n<li>\n\t\tAsia shares extend losses, dollar off highs &#8211; RTRS\n\t<\/li>\n<li>\n\t\tU.S. housing, trade data boost third quarter GDP growth prospects &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil lingers below $50 over doubts OPEC can coordinate output cut &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar regained some strength overnight, as both the Euro and the Australian Dollar encountered strong resistance. EUR\/USD failed to reach the 1.0950 level yesterday and reversed, declining to a low of 1.0890 in Asia. Meanwhile, AUD\/USD struggled once again to keep itself above 0.77 and came under pressure in the NY session. The pair eventually declined to a low of 0.7620 in Asia. Support is now seen at 0.7580, followed by 0.7520.\n<\/p>\n<p>\n\tGBP\/USD fell from 1.2250 to 1.2205, as offers proved to be thick there. GBP sentiment remains bearish, and selling interest high on any larger rallies. While the Dollar strengthened against most currencies, it failed to do so against the Yen. USD\/JPY opened around 104.65 in Asia, but came under pressure after the Tokyo open and fell to 104.30. It feels a bit like a risk-off session, with stock markets down on the day and the Yen the best performing currency.\n<\/p>\n<p>\n\tIn Gold, the topside was capped at $1276 yesterday and the metal fell back to 1265 overnight. The technical outlook remains bearish overall, and key resistance is noted at $1292 and $1300\/02.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:30 BST &#8211; UK GDP\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 Durable Goods Orders\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: Equities: Nikkei down 0.45 %, Shanghai Composite lost 0.35 %, Hang Seng declined 1.25 %; ASX 200 fell 0.90 % Commodities: Gold at $1266 (-0.05 %), Silver at $17.58 (-0.30 %), WTI Oil at $49.25 (+0.15 %), Brent Oil at $50.05 (+0.15 %) Rates: US 10 year yield at 1.81, UK 10 year &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/thursday-27th-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 27th 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-18704","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\/18704","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=18704"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18704\/revisions"}],"predecessor-version":[{"id":18705,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18704\/revisions\/18705"}],"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=18704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}