{"id":19236,"date":"2016-12-13T10:50:39","date_gmt":"2016-12-13T05:20:39","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19236"},"modified":"2016-12-13T10:50:39","modified_gmt":"2016-12-13T05:20:39","slug":"tuesday-13th-december-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-13th-december-european-open-briefing\/","title":{"rendered":"Tuesday 13th 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 down 0.05 %, Shanghai Composite fell 0.70 %, Hang Seng lost 0.45 %, ASX 200 declined 0.30 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1164 (-0.10 %), Silver at $17.18 (-0.05 %), WTI Oil at $52.75 (-0.15 %), Brent Oil at $55.70 (-0.05 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.46, UK 10-year yield at 1.47, German 10-year yield at 0.40\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tChina Retail Sales (YoY) Nov: 10.8% (est 10.2%, prev 10.0%)\n\t<\/li>\n<li>\n\t\tChina Retail Sales YtD (YoY) Nov: 10.4% (est 10.3%, prev 10.3%)\n\t<\/li>\n<li>\n\t\tChina Industrial Production (YoY) Nov: 6.2% (est 6.1%, prev 6.1%)\n\t<\/li>\n<li>\n\t\tChina Industrial Production YtD (YoY) Nov: 6.0% (est 6.0%, prev 6.0%)\n\t<\/li>\n<li>\n\t\tAustralian NAB Business Conditions Nov: 5 (prev 6, rev 7)\n\t<\/li>\n<li>\n\t\tAustralian NAB Business Confidence Nov: 5 (prev 4)\n\t<\/li>\n<li>\n\t\tAustralian Home Price Index (QoQ) Q3: 1.5% (est 2.3%, prev 2.0%)\n\t<\/li>\n<li>\n\t\tAustralian Home Price Index (YoY) Q3: 3.5% (est 4.6%, prev 4.1%)\n\t<\/li>\n<li>\n\t\tAustralian ANZ Roy Morgan Consumer Confidence (Weekly) Dec 11: 113.4 (prev 118.6)\n\t<\/li>\n<li>\n\t\tNZ Manufacturing Sales (QoQ) Q3: 2.1% (prev 2.8%)\n\t<\/li>\n<li>\n\t\tNZ Terms of Trade (QoQ) Q3: -1.8% (prev -2.1%)\n\t<\/li>\n<li>\n\t\tNZ Terms of Trade Imports (QoQ) Q3: -1.0% (prev 0.2%)\n\t<\/li>\n<li>\n\t\tNZ Terms of Trade Exports (QoQ) Q3: -2.8% (prev -1.9%)\n\t<\/li>\n<li>\n\t\tPBoC fixes yuan at 6.8934 (prev 6.9086)\n\t<\/li>\n<li>\n\t\tAsian shares, dollar wobble as investors brace for Fed outcome &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar steadies vs yen as Treasury yields come off highs, Fed awaited &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tUSD\/JPY ran into strong resistance above the 116 level and reversed in yesterday&#39;s NY session. In Asia, the pair remained under pressure in the early session and traded as low as 114.73, before it was able to catch a bid and recover to 115.20. Overall, the trend remains strong, but the pair is still in overbought territory on the Daily chart and a deeper retracement seems likely in the near-term.\n<\/p>\n<p>\n\tEUR\/USD bounced yesterday, which seemed more like profit-taking from shorts, given the lack of news and events. Strong resistance is noted at 1.07. GBP\/USD rallied as well, from 1.2560 to 1.27, with the key level now 1.2775.\n<\/p>\n<p>\n\tThe commodity currencies are struggling are key resistance levels. AUD\/USD was rejected off 0.7515, while NZD\/USD failed to extend gains beyond 0.72. Meanwhile, the Canadian Dollar remains strong due to the rise in Oil prices.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:30 GMT &#8211; UK CPI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone ZEW Survey\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; German ZEW Survey\n\t<\/li>\n<li>\n\t\t23:30 GMT &#8211; Australia Westpac Consumer Confidence\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.05 %, Shanghai Composite fell 0.70 %, Hang Seng lost 0.45 %, ASX 200 declined 0.30 % Commodities: Gold at $1164 (-0.10 %), Silver at $17.18 (-0.05 %), WTI Oil at $52.75 (-0.15 %), Brent Oil at $55.70 (-0.05 %) Rates: US 10-year yield at 2.46, UK 10-year &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-13th-december-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 13th 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-19236","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\/19236","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=19236"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19236\/revisions"}],"predecessor-version":[{"id":19237,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19236\/revisions\/19237"}],"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=19236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}