{"id":11062,"date":"2015-01-05T06:33:46","date_gmt":"2015-01-05T06:33:46","guid":{"rendered":"http:\/\/www.icmarkets.com\/?p=11062"},"modified":"2015-02-01T17:51:20","modified_gmt":"2015-02-01T17:51:20","slug":"monday-5th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-5th-january-european-open-briefing\/","title":{"rendered":"Monday 5th January: European Open Briefing"},"content":{"rendered":"<p>\n\t<strong>Global Markets:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei up 0.20 %, Shanghai Composite gained 2.75 %, Hang Seng rose 0.40 %, ASX gained 0.30 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1191 (+0.50 %), Silver at $15.95 (+1.15 %), Crude Oil at $51.78 (-1.70 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.11, UK 10 year yield at 1.719, German 10 year yield at 0.496\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>News &amp; Data:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tJapan Manufacturing PMI 52.0, Expected: 52.1, Previous: 52.1\n\t<\/li>\n<li>\n\t\tEuro Slides to Weakest Since 2006 on ECB, Greece as Dollar Gains (BBG)\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>Markets Update:<\/strong>\n<\/p>\n<p>\n\tThe Euro dropped sharply at the Sydney open amid poor liqudity, reaching a low of 1.1860, down almost 140 pips from last Friday&rsquo;s close. The move led to broad USD strength and we saw similar moves in GBP\/USD and USD\/CHF. The gap in EUR\/USD was quickly retraced though and the pair recovered to 1.1970 at the Tokyo open. Volatility in the EUR pairs is likely to stay elevated in the near-term with Greece again in the focus.\n<\/p>\n<p>\n\tGBP\/USD followed the Euro lower, with 1.5180 the Asian session low. Meanwhile, USD\/JPY remained surprisingly calm. The pair didn&rsquo;t benefit much from the USD strength at the open and has been consolidating between 120.30 and 120.60 for most of the session.\n<\/p>\n<p>\n\tThe commodity currencies have been under pressure since the Tokyo open, with the AUD\/USD hitting a fresh low of 0.8035 and NZD\/USD declining to 0.7617. Key support seen at the December low of 0.7607.\n<\/p>\n<p>\n\t<strong>Upcoming Events:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\t09:30 GMT &#8211; UK Construction PMI (59.0)\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; Euro Zone Sentix Investor Confidence (-1.0)\n\t<\/li>\n<li>\n\t\t13:00 GMT &#8211; German CPI (0.1 % m\/m, 0.3 % y\/y)\n\t<\/li>\n<li>\n\t\t13:00 GMT &#8211; German HICP (0.2 % m\/m, 0.2 % y\/y)\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.20 %, Shanghai Composite gained 2.75 %, Hang Seng rose 0.40 %, ASX gained 0.30 % Commodities: Gold at $1191 (+0.50 %), Silver at $15.95 (+1.15 %), Crude Oil at $51.78 (-1.70 %) Rates: US 10 year yield at 2.11, UK 10 year yield at 1.719, German 10 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-5th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 5th January: European Open Briefing<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":12469,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/11062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=11062"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/11062\/revisions"}],"predecessor-version":[{"id":11433,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/11062\/revisions\/11433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/12469"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=11062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=11062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=11062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}