{"id":18998,"date":"2016-11-22T11:07:34","date_gmt":"2016-11-22T05:37:34","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18998"},"modified":"2016-11-22T11:07:34","modified_gmt":"2016-11-22T05:37:34","slug":"tuesday-22nd-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-22nd-november-european-open-briefing\/","title":{"rendered":"Tuesday 22nd 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 up 0.20 %, Shanghai Composite gained 0.70 %, Hang Seng rose 1.35 %, ASX 200 rallied 1.30 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1217 (+0.60 %), Silver at $16.78 (+1.60 %), WTI Oil at $48.70 (+0.95 %), Brent Oil at $49.35 (+0.90 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.32, UK 10-year yield at 1.42, German 10-year yield at 0.27\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia ANZ Roy Morgan Weekly Consumer Confidence: 115.5 (prev. 118.2)\n\t<\/li>\n<li>\n\t\tFitch affirms China at A+; outlook stable\n\t<\/li>\n<li>\n\t\tMajor indexes hit records as post-election rally goes on &#8211; RTRS\n\t<\/li>\n<li>\n\t\tAsia stocks at one-week highs on U.S. gains; oil up &#8211; RTRS\n\t<\/li>\n<li>\n\t\tTrump says will quit Pacific trade deal on day one of presidency &#8211; RTRS\n\t<\/li>\n<li>\n\t\tJapan PM says TPP trade pact meaningless without U.S. &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices rise in anticipation of planned OPEC-led production cut &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tRisk appetite has improved, and the US Dollar has retraced slightly. The Euro rose to a high of 1.0650 in the early Asian session, but ran into decent offers there and fell back to 1.0625. Selling interest remains high on rallies, and EUR\/USD is struggling to bounce.\n<\/p>\n<p>\n\tThe Pound has been doing better, and rallied from 1.2320 to 1.25 yesterday. In Asia, it was consolidating in a 1.2480-1.2510 range. USD\/JPY opened around 110.90 and is unchanged on the day. It saw a decline to 110.30 earlier in the session, after news about a strong earthquake near the Fukushima disaster site, but rallied back to 110.90 as the tsunami did not do much of a damage.\n<\/p>\n<p>\n\tThe commodity currencies benefited from the rise in risk appetite, and AUD\/USD rallied from 0.7360 to 0.74 in Asia, while NZD\/USD made it from 0.7060 to 0.7085. AUD\/USD is facing key resistance at 0.7440\/50, while NZD\/USD will likely encounter it at 0.7110\/20.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; RBA Assistant Governor Debelle speaks\n\t<\/li>\n<li>\n\t\t07:45 GMT &#8211; RBA Assistant Governor Kent speaks\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian Retail Sales\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Existing Home Sales\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Richmond Manufacturing Index\n\t<\/li>\n<li>\n\t\t21:45 GMT &#8211; New Zealand Retail Sales\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.20 %, Shanghai Composite gained 0.70 %, Hang Seng rose 1.35 %, ASX 200 rallied 1.30 % Commodities: Gold at $1217 (+0.60 %), Silver at $16.78 (+1.60 %), WTI Oil at $48.70 (+0.95 %), Brent Oil at $49.35 (+0.90 %) Rates: US 10-year yield at 2.32, UK 10-year &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-22nd-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 22nd 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-18998","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\/18998","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=18998"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18998\/revisions"}],"predecessor-version":[{"id":18999,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18998\/revisions\/18999"}],"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=18998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}