{"id":19356,"date":"2016-12-23T10:16:37","date_gmt":"2016-12-23T04:46:37","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19356"},"modified":"2016-12-23T10:20:09","modified_gmt":"2016-12-23T04:50:09","slug":"friday-23rd-december-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/friday-23rd-december-european-open-briefing\/","title":{"rendered":"Friday 23rd 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: Shanghai Composite down 0.65 %, Hang Seng lost 0.60 %, ASX 200 declined 0.30 %, Nikkei closed for Holiday\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1132 (+0.15 %), Silver at $15.86 (-0.05 %), WTI Oil at $52.70 (-0.50 %), Brent Oil at $54.85 (-0.35 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.55, UK 10-year yield at 1.37, German 10-year yield at 0.26\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tUK Lloyds Business Barometer Dec: 39 (prev 32)\n\t<\/li>\n<li>\n\t\tChina MNI Business Indicator Dec: 55.9 (prev 53.1)\n\t<\/li>\n<li>\n\t\tPBoC fixes yuan midpoint at 6.9463 (prev 6.9434)\n\t<\/li>\n<li>\n\t\tAsia stocks pressured by Wall Street, dollar holds below 14-year peak &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar relaxes, saves its strength for New Year &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices fall on profit taking, strong dollar &ndash; 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, with Japanese markets closed and a lack of news\/data. EUR\/USD consolidated in a 1.0430-45 range, while GBP\/USD traded 1.2270-90 and USD\/JPY 117.45-60 in Asia. AUD\/USD fell from 0.7205 to 0.7230, while NZD\/USD tumbled from 0.6910 to 0.6895.\n<\/p>\n<p>\n\tThe Dollar remains strong into year-end, and despite techs showing that the move is slightly stretched in the short-term, momentum remains strong. Next week, volumes are likely to be lower, but we could see some renewed volatility due to position adjustments prior to the end of the year.\n<\/p>\n<h4>\n\tToday, the focus in the European session will be on French and UK GDP data. For the UK numbers, the market is expecting a 0.5 % print quarter-on-quarter and 2.3 % year-on-year.<br \/>\n<\/h4>\n<p>\n\t<strong>Upcoming Events:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German GfK Consumer Climate\n\t<\/li>\n<li>\n\t\t07:45 GMT &#8211; French GDP\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK GDP\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Michigan Consumer Sentiment\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US New Home Sales\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Shanghai Composite down 0.65 %, Hang Seng lost 0.60 %, ASX 200 declined 0.30 %, Nikkei closed for Holiday Commodities: Gold at $1132 (+0.15 %), Silver at $15.86 (-0.05 %), WTI Oil at $52.70 (-0.50 %), Brent Oil at $54.85 (-0.35 %) Rates: US 10-year yield at 2.55, UK 10-year &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/friday-23rd-december-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 23rd 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-19356","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\/19356","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=19356"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19356\/revisions"}],"predecessor-version":[{"id":19357,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19356\/revisions\/19357"}],"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=19356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}