{"id":19345,"date":"2016-12-22T10:50:12","date_gmt":"2016-12-22T05:20:12","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19345"},"modified":"2016-12-22T11:10:19","modified_gmt":"2016-12-22T05:40:19","slug":"thursday-22nd-december-european-open-briefing-2","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/thursday-22nd-december-european-open-briefing-2\/","title":{"rendered":"Thursday 22nd 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 0.35 %, Shanghai Composite lost 0.20 %, Hang Seng declined 0.90 %, ASX 200 gained 0.50 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1131 (-0.15 %), Silver at $15.92 (-0.40 %), WTI Oil at $52.65 (+0.30 %), Brent Oil at $54.65 (+0.35 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.53, UK 10-year yield at 1.39, 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\tNew Zealand GDP (QoQ) Q3: 1.1% (est 0.9%, prev 0.9%, rev 0.7%)\n\t<\/li>\n<li>\n\t\tNew Zealand GDP (YoY) Q3: 3.5% (est 3.7%, prev 3.6%, rev 3.4%)\n\t<\/li>\n<li>\n\t\tNew Zealand M3 Money Supply (YoY) Nov: 5.9% (prev 7.1%)\n\t<\/li>\n<li>\n\t\tUK GfK Consumer Confidence Dec: -7 (est -8, prev -8)\n\t<\/li>\n<li>\n\t\tPBoC fixes yuan midpoint at 6.9435 (prev 6.9489)\n\t<\/li>\n<li>\n\t\tSouth Korean Central Bank Chief: BoK still has room to support economy &#8212; RTRS\n\t<\/li>\n<li>\n\t\tAsian shares slip in holiday-thinned trade, focus turns to U.S. data\n\t<\/li>\n<li>\n\t\tOil prices rise on weaker dollar, optimism on output cuts &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe main event overnight was the release of New Zealand GDP data. New Zealand&#39;s economy grew 1.1 % quarter-on-quarter, higher than the 0.9 % expected, but the year-on-year number came in at 3.5 %, lower than the 3.7 % anticipated by the market. The reaction was mixed. NZD\/USD rallied from 0.6895 to 0.6920 immediately after the release, but quickly retraced gains again. After the Tokyo open, the NZD caught a bid again and extended gains to 0.6925.\n<\/p>\n<p>\n\tThe Australian Dollar started the Asian session around 0.7225, but was able to recover to 0.7255 later in the session. Meanwhile, the Canadian Dollar remains under pressure. USD\/CAD broke above 1.3430 resistance overnight, and a test of 1.3540 resistance seems likely in the near-term.\n<\/p>\n<p>\n\tEUR\/USD consolidated in a 1.0425-45 range overnight, while GBP\/USD was stuck between 1.2345 and 1.2375. USD\/JPY flows were light as well, and the pair traded within a 117.40-70 range in Asia.\n<\/p>\n<p>\n\tLooking ahead, there are no important data releases in the upcoming EU session, but plenty of events scheduled for today&rsquo;s NY session, with the main one&rsquo;s being US GDP and Canadian CPI.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t13:30 GMT &#8211; US Durable Goods Orders\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US GDP\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian CPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian Retail Sales\n\t<\/li>\n<li>\n\t\t14:00 GMT &#8211; US House Price Index\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Personal Income\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Personal Spending\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Core PCE Price Index\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.35 %, Shanghai Composite lost 0.20 %, Hang Seng declined 0.90 %, ASX 200 gained 0.50 % Commodities: Gold at $1131 (-0.15 %), Silver at $15.92 (-0.40 %), WTI Oil at $52.65 (+0.30 %), Brent Oil at $54.65 (+0.35 %) Rates: US 10-year yield at 2.53, UK 10-year &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/thursday-22nd-december-european-open-briefing-2\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 22nd 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-19345","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\/19345","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=19345"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19345\/revisions"}],"predecessor-version":[{"id":19347,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19345\/revisions\/19347"}],"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=19345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}