{"id":18803,"date":"2016-11-04T11:37:05","date_gmt":"2016-11-04T06:07:05","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18803"},"modified":"2016-11-04T11:37:05","modified_gmt":"2016-11-04T06:07:05","slug":"friday-4th-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-4th-november-european-open-briefing\/","title":{"rendered":"Friday 4th November: 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 down 1.50 %, Shanghai Composite gained 0.05 %, Hang Seng lost 0.10 %, ASX 200 fell 0.90 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1300.65 (-0.20 %), Silver at $18.31 (-0.60 %), WTI Oil at $44.80 (+0.35 %), Brent Oil at $46.50 (+0.40 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.81, UK 10 year yield at 1.21, German 10 year yield at 0.16\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 (Oct): 50.5 (prev 48.2)\n\t<\/li>\n<li>\n\t\tJapan Nikkei Composite PMI (Oct): 51.3 (prev 48.9)\n\t<\/li>\n<li>\n\t\tAustralia Retail Sales (MoM) (Sep): 0.60% (est 0.40%, prev 0.40%)\n\t<\/li>\n<li>\n\t\tAustralia Retail Trade (QoQ) (Q3): -0.10% (est 0.40%, prev 0.40%)\n\t<\/li>\n<li>\n\t\tPBOC fixes yuan at 6.7514 (vs prev fix 6.7491, prev close 6.7625)\n\t<\/li>\n<li>\n\t\tU.S. employment growth, wages seen picking up in October &#8211; RTRS\n\t<\/li>\n<li>\n\t\tAsian shares slip, dollar nurses losses as U.S. election looms &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe Dollar bounced slightly overnight, ahead of today&#39;s US employment data release at 1230 GMT. USD\/JPY started the day around 102.90 and rose to a high of 103.30 later in the session. Resistance is seen at 103.80, and a break above could likely lead to a bit of a short squeeze. Further to the topside, USD\/JPY is likely to encounter significant resistance around the former support area at 104.40.\n<\/p>\n<p>\n\tCommodity currencies came under pressure in Asia. AUD\/USD fell from 0.7695 to a low of 0.7665 so far. The RBA released its meeting minutes overnight, although it did not have much of an impact on markets. NZD\/USD declined from 0.7340 to 0.73, and is currently consolidating around the big figure. Support is expected at 0.7280, followed by 0.72.\n<\/p>\n<p>\n\tEuro and Pound didn&#39;t move much. EUR\/USD consolidated in a 1.1085-1.1110 range, while Cable was stuck between 1.2450 and 1.2480. The Pound rallied sharply in yesterday&#39;s EU session as the UK high court decided that parliament must vote on the Brexit decision.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:45 GMT &#8211; Italian Services PMI\n\t<\/li>\n<li>\n\t\t08:50 GMT &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:55 GMT &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone PPI\n\t<\/li>\n<li>\n\t\t12:30 GMT &#8211; US NFP\n\t<\/li>\n<li>\n\t\t12:30 GMT &#8211; US Unemployment Rate\n\t<\/li>\n<li>\n\t\t12:30 GMT &#8211; US Average Hourly Earnings\n\t<\/li>\n<li>\n\t\t12:30 GMT &#8211; Canadian Trade Balance\n\t<\/li>\n<li>\n\t\t12:30 GMT &#8211; Canadian Employment Change\n\t<\/li>\n<li>\n\t\t12:30 GMT &#8211; Canadian Unemployment Rate\n\t<\/li>\n<li>\n\t\t14:00 GMT &#8211; Canadian Ivey PMI\n\t<\/li>\n<li>\n\t\t19:30 GMT &#8211; US CFTC Positioning Data\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 1.50 %, Shanghai Composite gained 0.05 %, Hang Seng lost 0.10 %, ASX 200 fell 0.90 % Commodities: Gold at $1300.65 (-0.20 %), Silver at $18.31 (-0.60 %), WTI Oil at $44.80 (+0.35 %), Brent Oil at $46.50 (+0.40 %) Rates: US 10 year yield at 1.81, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-4th-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 4th November: 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-18803","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\/18803","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=18803"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18803\/revisions"}],"predecessor-version":[{"id":18804,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18803\/revisions\/18804"}],"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=18803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}