{"id":19342,"date":"2016-12-21T11:35:41","date_gmt":"2016-12-21T06:05:41","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19342"},"modified":"2016-12-21T11:35:41","modified_gmt":"2016-12-21T06:05:41","slug":"wednesday-21st-december-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/wednesday-21st-december-european-open-briefing\/","title":{"rendered":"Wednesday 21st 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 0.30 %, Shanghai Composite gained 1.20 %, Hang Seng rose 0.60 %, ASX 200 gained 0.40 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1137 (+0.35 %), Silver at $16.20 (+0.55 %), WTI Oil at $53.50 (+0.40 %), Brent Oil at $55.50 (+0.30 %)\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 0.27\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 Leading Index (MoM) Nov: 0.02% (prev 0.06%, rev 0.10%)\n\t<\/li>\n<li>\n\t\tAustralian Skilled Vacancies (MoM) Nov: 0.0% (prev 0.4%)\n\t<\/li>\n<li>\n\t\tJapanese All Industry Activity Index (MoM) Oct: 0.2% (est 0.1%, prev 0.2%)\n\t<\/li>\n<li>\n\t\tNew Zealand Trade Balance (NZD) Nov: -705mln (est -500mln, prev -846mln)\n\t<\/li>\n<li>\n\t\tNew Zealand Exports (NZD) Nov: 3.86bln (est 4.00bln, prev 3.90bln)\n\t<\/li>\n<li>\n\t\tNew Zealand Imports (NZD) Nov: 4.56bln (est 4.50bln, prev 4.74bln)\n\t<\/li>\n<li>\n\t\tNew Zealand Credit Card Spending (MoM) Nov: -4.2% (prev 2.8%)\n\t<\/li>\n<li>\n\t\tNew Zealand Credit Card Spending (YoY) Nov: 4.1% (prev 10.2%)\n\t<\/li>\n<li>\n\t\tSouth Korean Imports 20-Day (YoY) Dec: 9.4% (prev -3.1%)\n\t<\/li>\n<li>\n\t\tSouth Korean Exports 20-Day (YoY) Dec: 11.6% (prev -0.2%)\n\t<\/li>\n<li>\n\t\tPBoC fixes yuan midpoint at 6.9489 (prev 6.9468)\n\t<\/li>\n<li>\n\t\tDollar basks in yield glow, Nikkei at one-year peak &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices edge up on expected U.S. crude inventory draw &ndash; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tFlows were light in Asia, amid a lack of news and data. EUR\/USD opened around 1.0385 in Tokyo and rallied to 1.0418, but ran out of momentum there and eventually settled in a 1.0405-15 range for the rest of the session. Resistance is seen at the recent high at 1.0475, followed by 1.05, while support can be expected at 1.0350 and 1.0320.\n<\/p>\n<p>\n\tGBP\/USD followed the Euro higher, from 1.2350 to a 1.2382. Techs remain bearish, but the pair has found decent support ahead of 1.23 yesterday and a break above 1.2420 would suggest it could extend gains to 1.2510.\n<\/p>\n<p>\n\tIn USD\/JPY, resistance above 118 proved to be too strong once again, and it fell back to a low of 117.40. Major support is noted at 116.20, while the key resistance level to watch is 118.65.\n<\/p>\n<p>\n\tThe commodity currencies had a mixed performance overnight &#8211; the Australian Dollar fell slightly (from 0.7270 to 0.7250), while the New Zealand Dollar appreciated against the USD (from 0.6920 to a high of 0.6950).\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t15:00 GMT &#8211; US Existing Home Sales\n\t<\/li>\n<li>\n\t\t15:30 GMT &#8211; US Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t21:45 GMT &#8211; New Zealand GDP\n\t<\/li>\n<li>\n\t\t21:45 GMT &#8211; New Zealand Current Account\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.30 %, Shanghai Composite gained 1.20 %, Hang Seng rose 0.60 %, ASX 200 gained 0.40 % Commodities: Gold at $1137 (+0.35 %), Silver at $16.20 (+0.55 %), WTI Oil at $53.50 (+0.40 %), Brent Oil at $55.50 (+0.30 %) Rates: US 10-year yield at 2.56, UK 10-year &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/wednesday-21st-december-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 21st 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-19342","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\/19342","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=19342"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19342\/revisions"}],"predecessor-version":[{"id":19344,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19342\/revisions\/19344"}],"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=19342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}