{"id":19268,"date":"2016-12-14T11:22:20","date_gmt":"2016-12-14T05:52:20","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19268"},"modified":"2016-12-14T11:22:20","modified_gmt":"2016-12-14T05:52:20","slug":"wednesday-14th-december-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/wednesday-14th-december-european-open-briefing\/","title":{"rendered":"Wednesday 14th 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 0.10 %, Shanghai Composite gained 0.05 %, Hang Seng rose 0.50 %, ASX 200 rallied 0.70 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1162 (+0.25 %), Silver at $17.00 (+0.20 %), WTI Oil at $52.30 (-1.30 %), Brent Oil at $55.05 (-1.20 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.46, UK 10-year yield at 1.44, German 10-year yield at 0.36\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralian Westpac Consumer Confidence Dec: down 3.9% to 97.3 (prev down 1.1% to 101.3)\n\t<\/li>\n<li>\n\t\tAustralian New Motor Vehicle Sales (MoM) Nov: -0.6% (prev -2.4%)\n\t<\/li>\n<li>\n\t\tJapanese Tankan Large Manufacturing Index Q4: 10 (est 10, prev 6)\n\t<\/li>\n<li>\n\t\tJapanese Tankan Large Manufacturing Outlook Q4: 8 (est 9, prev 6)\n\t<\/li>\n<li>\n\t\tJapanese Tankan Large Non-Manufacturing Index Q4: 18 (est 19, prev 18)\n\t<\/li>\n<li>\n\t\tJapanese Tankan Large Non-Manufacturing Outlook Q4: 16 (est 19, prev 16)\n\t<\/li>\n<li>\n\t\tJapanese Tankan All Large Capex Estimate Q4: 5.5% (est 6.1%, prev 6.3%)\n\t<\/li>\n<li>\n\t\tJapanese Tankan Small Manufacturing Index Q4: 1 (est -1, prev -3)\n\t<\/li>\n<li>\n\t\tJapanese Tankan Small Manufacturing Outlook Q4: -4 (est -2, prev -5)\n\t<\/li>\n<li>\n\t\tJapanese Tankan Small Non-Manufacturing Index Q4: 2 (est 2, prev 1)\n\t<\/li>\n<li>\n\t\tJapanese Tankan Small Non-Manufacturing Outlook Q4: -2 (est -1, prev -2)\n\t<\/li>\n<li>\n\t\tJapanese Tankan All Small Capex Estimate Q4: -6.2 (est -3.1%, prev -9.0%)\n\t<\/li>\n<li>\n\t\tJapan Industrial Production (MoM) Oct F: 0.0% (prev 0.1%)\n\t<\/li>\n<li>\n\t\tJapan Industrial Production (YoY) Oct F: -1.4% (prev -1.3%)\n\t<\/li>\n<li>\n\t\tJapan Capacity Utilisation (MoM) Oct: 1.4% (prev -2.0%)\n\t<\/li>\n<li>\n\t\tSouth Korean Unemployment Rate Nov: 3.6% (est 3.7%, prev 3.7%)\n\t<\/li>\n<li>\n\t\tPBoC fixes yuan at 6.9028 (prev 6.8934)\n\t<\/li>\n<li>\n\t\tPhoto\n\t<\/li>\n<li>\n\t\tAsia ready for Fed hike, anxious on rate outlook &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices fall on rising U.S. crude stocks, OPEC output concerns &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe FX market was quiet overnight, as traders are waiting for the Fed rate decision tonight. There were plenty of data releases out of Japan overnight, but they had little impact on markets. USD\/JPY consolidated in a 115.00-33 range and flows were light.\n<\/p>\n<p>\n\tThe Euro slightly rose overnight, from 1.0620 to 1.0640 against the Dollar. Strong resistance is seen at 1.07, while support can be expected at 1.0550 and 1.0510. GBP\/USD fell to 1.2640 in Asia, after it was rejected at 1.2730 resistance yesterday.\n<\/p>\n<p>\n\tThe commodity currencies are mixed &#8211; the Aussie and Canadian $ are down against the USD, while the NZD appreciated. AUD\/USD fell from 0.75 to 0.7480, and the pair is likely to come under increased pressure if it does not clear 0.7500\/20 resistance soon.\n<\/p>\n<p>\n\tThe main event today is the Fed rate decision. The central bank is expected to increase rates by 25 bps, the second rate hike after the end of the QE3 programme.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:30 GMT &#8211; UK Claimant Count Change\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Unemployment Rate\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Average Weekly Earnings\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Industrial Production\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US PPI\n\t<\/li>\n<li>\n\t\t14:15 GMT &#8211; US Industrial Production\n\t<\/li>\n<li>\n\t\t14:15 GMT &#8211; US Manufacturing Production\n\t<\/li>\n<li>\n\t\t15:30 GMT &#8211; US Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t19:00 GMT &#8211; Fed Rate Decision\n\t<\/li>\n<li>\n\t\t21:30 GMT &#8211; New Zealand NZ Manufacturing Index\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.10 %, Shanghai Composite gained 0.05 %, Hang Seng rose 0.50 %, ASX 200 rallied 0.70 % Commodities: Gold at $1162 (+0.25 %), Silver at $17.00 (+0.20 %), WTI Oil at $52.30 (-1.30 %), Brent Oil at $55.05 (-1.20 %) Rates: US 10-year yield at 2.46, UK 10-year &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/wednesday-14th-december-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 14th 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-19268","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\/19268","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=19268"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19268\/revisions"}],"predecessor-version":[{"id":19269,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19268\/revisions\/19269"}],"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=19268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}