{"id":12119,"date":"2015-03-27T06:24:41","date_gmt":"2015-03-27T06:24:41","guid":{"rendered":"http:\/\/www.icmarkets.com\/?p=12119"},"modified":"2015-05-20T08:30:17","modified_gmt":"2015-05-20T08:30:17","slug":"friday-27th-march-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-27th-march-european-open-briefing\/","title":{"rendered":"Friday 27th March: European Open Briefing"},"content":{"rendered":"<p>\n\t<strong>Global Markets:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei down 0.90 %, Shanghai Composite gained 0.50 %, Hang Seng up 0.05 %, ASX rose 0.60 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1202 (-0.20 %), Silver at $17.06 (-0.50 %), WTI Oil at $50.36 (-2.00 %), Brent Oil at $58.12 (-1.65 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.991, UK 10 year yield at 1.602, German 10 year yield 0.214\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>News &amp; Data:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tJapan National Core CPI 2.2 % y\/y, Expected: 2.1 %, Previous: 2.2 %\n\t<\/li>\n<li>\n\t\tJapan National CPI 2.2 %, Previous: 2.4 %\n\t<\/li>\n<li>\n\t\tJapan Tokyo Core CPI 2.2 % y\/y, Expected: 2.2 %, Previous: 2.2 %\n\t<\/li>\n<li>\n\t\tJapan Tokyo CPI 2.3 % y\/y, Previous: 2.3 %\n\t<\/li>\n<li>\n\t\tJapan Unemployment Rate 3.5 %, Expected: 3.5 %, Previous: 3.6 %\n\t<\/li>\n<li>\n\t\tJapan Retail Sales -1.8 % y\/y, Expected: -1.5 %, Previous: -2.0 %\n\t<\/li>\n<li>\n\t\tJapan Household Spending 0.8 % m\/m, Expected: 0.5 %, Previous: -0.3 %\n\t<\/li>\n<li>\n\t\tJapan Household Spending -2.9 % y\/y, Expected: -3.2 %, Previous: -5.1 %\n\t<\/li>\n<li>\n\t\tPBOC Fixes Yuan At 6.1397 (previous 6.1375)\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>Markets Update:<\/strong>\n<\/p>\n<p>\n\tAfter a third failure to sustain momentum above 1.1030, EUR\/USD fell sharply and extended losses towards 1.0855 overnight. Price action suggests further losses are ahead, as bears clearly remain in control. Dealers report decent selling interest in the 1.0945\/50 area and then again at 1.1000\/10. Similar price action in GBP\/USD, which almost reached 1.50 after better than expected UK retail sales. It stopped just a few pips shy of the level and then eventually fell back to 1.48. Next key support at 1.4720 and then 1.4685. USD\/JPY bounced just ahead off the pivotal 118.20 support area and made it back above 119.00. The major obstacle remains the 120.00 level, and until we get a clear break above, the overall bias remains bearish.\n<\/p>\n<p>\n\t<strong>Upcoming Events:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\t07:45 GMT &#8211; French Consumer Confidence (93.0)\n\t<\/li>\n<li>\n\t\t08:30 GMT &#8211; Swedish Retail Sales (0.3 % m\/m)\n\t<\/li>\n<li>\n\t\t08:45 GMT &#8211; Bank of England Governor Carney speaks\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Italian Industrial New Orders\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Norwegian Unemployment Change (89k)\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Norwegian Unemployment Rate (3.0 %)\n\t<\/li>\n<li>\n\t\t09:15 GMT &#8211; Bank of England MPC Member Broadbent speaks\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Italian Retail Sales (0.1 % m\/m)\n\t<\/li>\n<li>\n\t\t10:30 GMT &#8211; FOMC Member Fischer speaks\n\t<\/li>\n<li>\n\t\t12:30 GMT &#8211; US GDP (2.4 % q\/q)\n\t<\/li>\n<li>\n\t\t12:30 GMT &#8211; US GDP Price Index (0.1 % q\/q)\n\t<\/li>\n<li>\n\t\t14:00 GMT &#8211; US Michigan Consumer Sentiment (92.0)\n\t<\/li>\n<li>\n\t\t19:45 GMT &#8211; Fed Chair Yellen speaks\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.90 %, Shanghai Composite gained 0.50 %, Hang Seng up 0.05 %, ASX rose 0.60 % Commodities: Gold at $1202 (-0.20 %), Silver at $17.06 (-0.50 %), WTI Oil at $50.36 (-2.00 %), Brent Oil at $58.12 (-1.65 %) Rates: US 10 year yield at 1.991, UK 10 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-27th-march-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 27th March: 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-12119","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\/12119","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=12119"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/12119\/revisions"}],"predecessor-version":[{"id":13123,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/12119\/revisions\/13123"}],"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=12119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=12119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=12119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}