{"id":11775,"date":"2015-02-27T06:32:13","date_gmt":"2015-02-27T06:32:13","guid":{"rendered":"http:\/\/www.icmarkets.com\/?p=11775"},"modified":"2015-03-19T03:46:44","modified_gmt":"2015-03-19T03:46:44","slug":"friday-27th-february-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-27th-february-european-open-briefing\/","title":{"rendered":"Friday 27th February: 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 0.05 %, Shanghai Composite gained 0.50 %, Hang Seng rose 0.25 %, ASX 0.35 % higher\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1209.90 (-0.05 %), Silver at $16.60 (-0.10 %), WTI Oil at $48.95 (+1.60 %), Brent Oil at $60.85 (+0.80 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.014, UK 10 year yield at 1.745, German 10 year yield at 0.307\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>News &amp; Data:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tJapan National CPI 2.4 % y\/y, Expected: 2.4 %, Previous: 2.4 %\n\t<\/li>\n<li>\n\t\tJapan National Core CPI 2.2 % y\/y, Expected: 2.3 %, Previous: 2.5 %\n\t<\/li>\n<li>\n\t\tJapan Household Spending -0.3 % m\/m, Expected: 0.4 %, Previous: 0.4 %\n\t<\/li>\n<li>\n\t\tJapan Household Spending -5.1 % y\/y, Expected: -4.1 %, Previous: -3.4 %\n\t<\/li>\n<li>\n\t\tJapan Industrial Production 4.0 % m\/m, Expected: 2.7 %, Previous: 0.8 %\n\t<\/li>\n<li>\n\t\tJapan Retail Sales -2.0 % y\/y, Expected: -1.3 %, Previous: 0.2 %\n\t<\/li>\n<li>\n\t\tJapan Unemployment Rate 3.6 %, Expected: 3.4 %, Previous: 3.4 %\n\t<\/li>\n<li>\n\t\tJapan Housing Starts -13.0 %, Expected: -11.3 %, Previous: -14.7 %\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Business Confidence 34.4 %, Previous: 30.4 %\n\t<\/li>\n<li>\n\t\tAustralia Private Sector Credit 0.5 % m\/m, Expected: 0.5 %, Previous: 0.5 %\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>Markets Update:<\/strong>\n<\/p>\n<p>\n\tThe US Dollar strengthened across the board yesterday after the US CPI &amp; Durable Goods Orders data. EUR\/USD broke below the key 1.1260\/70 support area and stops in good size were cleared on the way down to 1.1240. The pair eventually extended losses to 1.1180 and continues to trade with an offered tone. A retest of the former 1.1260\/70 support area will likely attract decent selling interest and the next bear target is the 1.11 level. GBP\/USD closed above 1.54 on the day and had a decent bounce in Asia. Short-term techs still remain fairly bullish as long as the pair remains above 1.5330\/40 support. USD\/JPY gave back some of its gains, but remained well bid in Asia. Key intraday support at 118.70, while the pivotal level to the topside remains 119.80.\n<\/p>\n<p>\n\t<strong>Upcoming Events:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\t08:30 GMT &#8211; Swedish GDP\n\t<\/li>\n<li>\n\t\t08:30 GMT &#8211; Swedish Retail Sales (0.4 % m\/m, 3.8 % y\/y)\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Italian CPI (0.1 % m\/m, -0.5 % y\/y)\n\t<\/li>\n<li>\n\t\t13:00 GMT &#8211; German CPI (0.7 % m\/m, -0.2 % y\/y)\n\t<\/li>\n<li>\n\t\t13:00 GMT &#8211; German HICP (0.7 % m\/m, -0.4 % y\/y)\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US GDP (2.1 % q\/q)\n\t<\/li>\n<li>\n\t\t14:45 GMT &#8211; US Chicago PMI (58.0)\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Pending Home Sales (1.8 % m\/m)\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.05 %, Shanghai Composite gained 0.50 %, Hang Seng rose 0.25 %, ASX 0.35 % higher Commodities: Gold at $1209.90 (-0.05 %), Silver at $16.60 (-0.10 %), WTI Oil at $48.95 (+1.60 %), Brent Oil at $60.85 (+0.80 %) Rates: US 10 year yield at 2.014, UK 10 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-27th-february-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 27th February: European Open Briefing<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":12469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11775","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\/11775","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=11775"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/11775\/revisions"}],"predecessor-version":[{"id":13005,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/11775\/revisions\/13005"}],"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=11775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=11775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=11775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}