{"id":19204,"date":"2016-12-09T11:41:00","date_gmt":"2016-12-09T06:11:00","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19204"},"modified":"2016-12-09T11:41:00","modified_gmt":"2016-12-09T06:11:00","slug":"friday-9th-december-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-9th-december-european-open-briefing\/","title":{"rendered":"Friday 9th December: 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 1.30 %, Shanghai Composite gained 0.75 %, Hang Seng declined 0.35 %, ASX 200 rose 0.30 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1169 (-0.23 %), Silver at $17.02 (-0.45 %), WTI Oil at $51.20 (+0.75 %), Brent Oil at $54.10 (+0.40 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.43, UK 10 year yield at 1.38, German 10 year yield at 0.38\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>News &amp; Data:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tChinese CPI (YoY) Nov: 2.3% (est 2.2%, prev 2.1%)\n\t<\/li>\n<li>\n\t\tChinese PPI (YoY) Nov: 3.3% (est 2.2%, prev 1.2%)\n\t<\/li>\n<li>\n\t\tJapanese M2 Money Stock (YoY) Nov: 4.0% (est 3.7%, prev 3.7%)\n\t<\/li>\n<li>\n\t\tJapanese M3 Money Stock (YoY) Nov: 3.4% (est 3.2%, rev 3.1%)\n\t<\/li>\n<li>\n\t\tJapan BSI Large All Industry Survey Q4: 3.0 (prev 1.9)\n\t<\/li>\n<li>\n\t\tJapan BSI Large Manufacturing Survey Q4: 7.5 (prev 2.9)\n\t<\/li>\n<li>\n\t\tAustralian Home Loans (MoM) Oct: -0.8% (est -1.0%, prev 1.6%)\n\t<\/li>\n<li>\n\t\tAustralian Investment Lending (MoM) Oct: 0.7% (prev 4.6%)\n\t<\/li>\n<li>\n\t\tNZ Card Spending Retail (MoM) Nov: -0.1% (est 0.4%, prev 0.6%)\n\t<\/li>\n<li>\n\t\tNZ Card Spending Total (MoM) Nov: -0.3% (prev 0.6%)\n\t<\/li>\n<li>\n\t\tMalaysia Industrial Production (YoY) Oct: 4.2% (est 3.4%, prev 3.2%)\n\t<\/li>\n<li>\n\t\tMalaysia Manufacturing Sales Value (YoY) Oct: 1.9% (prev 1.1%)\n\t<\/li>\n<li>\n\t\tPBoC sets CNY midpoint at 6.8972 (prev 6.8731)\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe Euro declined yesterday, after the ECB extended the duration of its QE programme to December 2017 and maintained its dovish tone. In Asia, EUR\/USD consolidated between 1.0590 and 1.0620. Support is now seen at 1.0550, followed by the key level at 1.0503. To the topside, resistance is noted at 1.07 and 1.0805. GBP\/USD followed the Euro lower, and fell from 1.27 to 1.2550 yesterday. The break below 1.2570 support is bearish and suggests Cable could test 1.24 soon.\n<\/p>\n<p>\n\tUSD\/JPY remains well bid and rose from 114 to 114.60 in Asia. Strong resistance is noted at 114.80, but if it takes out that level, there is not much resistance until 116.\n<\/p>\n<p>\n\tThe commodity currencies were rather quiet overnight. AUD\/USD traded 0.7440-65, while NZD\/USD consolidated between 0.7165 and 0.7180.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t06:45 GMT &#8211; Swiss Unemployment Rate\n\t<\/li>\n<li>\n\t\t07:00 GMT &#8211; German Trade Balance\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Trade Balance\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Michigan Consumer Sentiment\n\t<\/li>\n<li>\n\t\t20:30 GMT &#8211; CFTC Positioning Data\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 1.30 %, Shanghai Composite gained 0.75 %, Hang Seng declined 0.35 %, ASX 200 rose 0.30 % Commodities: Gold at $1169 (-0.23 %), Silver at $17.02 (-0.45 %), WTI Oil at $51.20 (+0.75 %), Brent Oil at $54.10 (+0.40 %) Rates: US 10 year yield at 2.43, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-9th-december-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 9th December: 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-19204","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\/19204","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=19204"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19204\/revisions"}],"predecessor-version":[{"id":19206,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19204\/revisions\/19206"}],"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=19204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}