{"id":19334,"date":"2016-12-20T11:33:03","date_gmt":"2016-12-20T06:03:03","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19334"},"modified":"2016-12-20T11:33:03","modified_gmt":"2016-12-20T06:03:03","slug":"tuesday-20th-december-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/tuesday-20th-december-european-open-briefing\/","title":{"rendered":"Tuesday 20th 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 0.50 %, Shanghai Composite down 0.80 %, Hang Seng lost 0.40 %, ASX 200 gained 0.50 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1137 (-0.40 %), Silver at $16.03 (-0.40 %), WTI Oil at $52.90 (-0.30 %), Brent Oil at $54.80 (-0.20 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.56, UK 10 year yield at 1.40, German 10 year yield at 0.25\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tBank of Japan keeps interest rates unchanged at -0.1%, as expected\n\t<\/li>\n<li>\n\t\tBank of Japan maintains current yield curve control policy\n\t<\/li>\n<li>\n\t\tBank of Japan upgrades economic assessment; economy likely to turn to moderate expansion\n\t<\/li>\n<li>\n\t\tBoJ: Vote was 7 to 2 to keep policy unchanged; Kiuchi and Sato opposed YCC decision\n\t<\/li>\n<li>\n\t\tBank of Japan: To keep expanding monetary base until inflation exceeds 2%\n\t<\/li>\n<li>\n\t\tNZ Food Price Index (MoM) Nov: -0.1% (prev -0.8%)\n\t<\/li>\n<li>\n\t\tPBoC fixes yuan midpoint at 6.9468 (prev 6.9312)\n\t<\/li>\n<li>\n\t\tRBA Minutes: Latest data meant steady policy right for growth and inflation\n\t<\/li>\n<li>\n\t\tRBA Minutes: Overall conditions in housing market had strengthened\n\t<\/li>\n<li>\n\t\tRBA Minutes: International background more positive\n\t<\/li>\n<li>\n\t\tYen eases as BOJ keeps policy steady, Asia stocks mixed &#8211; RTRS\n\t<\/li>\n<li>\n\t\tBOJ keeps policy on hold, brightens view of economy &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tUSD\/JPY rallied overnight, after the Bank of Japan kept its monetary policy unchanged. The pair fell to a low of 116.55 in yesterday&#39;s NY session, but bounced after positive comments about the US economy from Fed Chair Yellen. In Asia, it recovered to 117.75 and the next notable resistance levels are now 118.00 and 118.60.\n<\/p>\n<p>\n\tThe Euro fell in yesterday&#39;s late NY session, partly due to the USD rally caused by the Yellen comments, but also due to the tragic event in Berlin. In Asia, EUR\/USD traded as low as 1.0392.\n<\/p>\n<p>\n\tAUD\/USD fell to a fresh 6-month low overnight, at 0.7240. The outlook remains bearish, but the pair does look oversold in the near-term. Look for resistance at 0.7315 and 0.7370, while support now lies at 0.72 and 0.7145. NZD\/USD followed the AUD lower and traded as low as 0.6915 in Asia. A break below 0.69 support would signal a move towards 0.67.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German PPI\n\t<\/li>\n<li>\n\t\t07:30 GMT &#8211; Bank of Japan Press Conference\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Current Account\n\t<\/li>\n<li>\n\t\t21:45 GMT &#8211; New Zealand Trade Balance\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.50 %, Shanghai Composite down 0.80 %, Hang Seng lost 0.40 %, ASX 200 gained 0.50 % Commodities: Gold at $1137 (-0.40 %), Silver at $16.03 (-0.40 %), WTI Oil at $52.90 (-0.30 %), Brent Oil at $54.80 (-0.20 %) Rates: US 10 year yield at 2.56, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/tuesday-20th-december-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 20th 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-19334","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\/19334","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=19334"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19334\/revisions"}],"predecessor-version":[{"id":19336,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19334\/revisions\/19336"}],"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=19334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}