{"id":19046,"date":"2016-11-25T11:45:32","date_gmt":"2016-11-25T06:15:32","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19046"},"modified":"2016-11-25T11:45:32","modified_gmt":"2016-11-25T06:15:32","slug":"friday-25th-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-25th-november-european-open-briefing\/","title":{"rendered":"Friday 25th 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 fell 0.20 %, Hang Seng rose 0.25 %, ASX 200 gained 0.40 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1178 (-0.95 %), Silver at $16.34 (-0.35 %), WTI Oil at $47.60 (-0.75 %), Brent Oil at $48.55 (-0.90 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.39, UK 10-year yield at 1.44, German 10-year yield at 0.26\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan National CPI (YoY) Oct: 0.1% (est. 0.00%, prev. -0.50%)\n\t<\/li>\n<li>\n\t\tJapan National Core CPI (YoY)Oct: -0.4% (est. -0.40%, prev. -0.50%)\n\t<\/li>\n<li>\n\t\tTokyo CPI (YoY)Nov: 0.5% (est. 0.20%, prev. 0.10%)\n\t<\/li>\n<li>\n\t\tTokyo Core CPI (YoY) Nov: -0.4% (est. -0.40%, prev. -0.40%)\n\t<\/li>\n<li>\n\t\tMalaysia CPI (YoY) Oct: 1.4% (est. 1.50%, prev. 1.50%)\n\t<\/li>\n<li>\n\t\tSouth Korea Consumer Confidence (Nov): 95.8 (est 101.9, prev 102)\n\t<\/li>\n<li>\n\t\tPBOC sets USD\/CNY mid-point at 6.9168 (prev fix 6.9085, prev close 6.9180)\n\t<\/li>\n<li>\n\t\tAsian stocks pull ahead as dollar edges back, U.S. yields resume climb &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices fall on strong dollar, trading thin ahead of OPEC meeting &#8211; RTRS\n\t<\/li>\n<li>\n\t\tJapan October consumer prices continue slide, yen falls may help BOJ &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tJapanese inflation data came in a bit higher than expected, but that didn&rsquo;t help the Yen much, as USD\/JPY rallied from 113.20 to a high of 113.90. Momentum remains strong, and the next significant resistance level lies around 116. Despite technical indicators showing that the pair is extremely overbought in the short-term, the trend is so far not displaying any signs of exhaustion.\n<\/p>\n<p>\n\tThe Euro recovered slightly in Asia, as it rose to 1.0580 against the Dollar. While it found solid support at 1.0520, it continues to run into strong selling interest on any larger rally. Cable was quiet overnight, and consolidated in a 1.2430-55 range.\n<\/p>\n<p>\n\tThe commodity currencies benefited from the positive risk sentiment, and AUD\/USD rallied from 0.74 to a high of 0.7440, while NZD\/USD rose from 0.6980 to 0.7025.\n<\/p>\n<p>\n\tGold remains under a lot of pressure, and it broke below 1180 support in Asia. It is likely to test 1130 support soon. Silver extended losses as well, and support is now seen at $15.80.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:30 GMT &#8211; UK GDP\n\t<\/li>\n<li>\n\t\t14:45 GMT &#8211; US Services PMI\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.20 %, Shanghai Composite fell 0.20 %, Hang Seng rose 0.25 %, ASX 200 gained 0.40 % Commodities: Gold at $1178 (-0.95 %), Silver at $16.34 (-0.35 %), WTI Oil at $47.60 (-0.75 %), Brent Oil at $48.55 (-0.90 %) Rates: US 10-year yield at 2.39, UK 10-year &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-25th-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 25th 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-19046","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\/19046","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=19046"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19046\/revisions"}],"predecessor-version":[{"id":19047,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19046\/revisions\/19047"}],"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=19046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}