{"id":13343,"date":"2015-05-28T04:57:22","date_gmt":"2015-05-28T04:57:22","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=13343"},"modified":"2015-05-28T05:20:40","modified_gmt":"2015-05-28T05:20:40","slug":"thursday-28th-may-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-28th-may-european-open-briefing\/","title":{"rendered":"Thursday 28th May: European Open Briefing"},"content":{"rendered":"<p>\n\t<strong>Global Markets:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei gained 0.60 %, Shanghai Composite fell 1.40 %, Hang Seng declined 1.30 %, ASX dropped 0.15 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1188 (+0.10 %), Silver at $16.68 (+0.20 %), WTI Oil at $57.75 (+0.40 %), Brent Oil at $62.60 (+0.40 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.13, UK 10 year yield at 1.89, German 10 year yield at 0.54\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>News &amp; Data:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\tJapan Retail Sales 5.0 %, Expected: 5.4 %, Previous: -9.7 %\n\t<\/li>\n<li>\n\t\tAustralia Private New CAPEX -4.4 %, Expected: -2.4 %, Previous: -1.7 %\n\t<\/li>\n<li>\n\t\tFonterra CFO: RBNZ Rate cut would help weaken overvalued kiwi &#8212; BFW\n\t<\/li>\n<li>\n\t\tChina brokerages increase stock trading margins again &#8212; Beijing News via MNI\n\t<\/li>\n<li>\n\t\tUSD\/JPY moves to highest levels since 2002\n\t<\/li>\n<li>\n\t\tAsian shares drop, dollar hits 13-year high versus yen &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices edge up after two days of steep falls &#8211; RTRS\n\t<\/li>\n<li>\n\t\tJapan April retail sales rebound, ease pressure on BOJ &#8211; RTRS\n\t<\/li>\n<li>\n\t\tEU officials dismiss Greek statement on aid agreement being drafted &#8211; RTRS\n\t<\/li>\n<li>\n\t\tElectronic Trading Takes Over Currency Market Roiled by Scandals&nbsp; &#8211; BBG\n\t<\/li>\n<li>\n\t\tAsian Stocks Track Global Gains on U.S. Tech Rally, Greece Bets &#8211; BBG\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>Markets Update:<\/strong>\n<\/p>\n<p>\n\tThe Aussie Dollar fell sharply overnight after weak Capex data. One big US bank warned that given the scale of declines, it reiterates its warnings that &quot;economic growth estimates remain skewed to the downside and the monetary easing cycle is unlikely to be complete&quot;. They expect another RBA rate cut in 2015, most likely at the August meeting. AUD\/USD declined from 0.7750 to a low of 0.7670, while AUD\/NZD is now testing the 1.06 level.\n<\/p>\n<p>\n\tA new day and a new high in the USD\/JPY. The pair remains unstoppable as leveraged names continue to rush back into the JPY short trade. Another key resistance level has been taken out, this time 124.10 and there is not much until 125.00 now. <a name=\"_GoBack\"><\/a>Meanwhile, price action in EUR\/USD remains choppy as the Greek drama continues and we get contradicting headlines on a daily basis. No key EU data releases today; the focus will be on UK GDP figures.\n<\/p>\n<p>\n\t<strong>Upcoming Events:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\t07:20 BST &#8211; FOMC Member Williams speaks\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; Spanish GDP\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; Swedish Retail Sales\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK GDP\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Current Account\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Pending Home Sales\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei gained 0.60 %, Shanghai Composite fell 1.40 %, Hang Seng declined 1.30 %, ASX dropped 0.15 % Commodities: Gold at $1188 (+0.10 %), Silver at $16.68 (+0.20 %), WTI Oil at $57.75 (+0.40 %), Brent Oil at $62.60 (+0.40 %) Rates: US 10 year yield at 2.13, UK 10 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-28th-may-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 28th May: 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-13343","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\/13343","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=13343"}],"version-history":[{"count":7,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/13343\/revisions"}],"predecessor-version":[{"id":13350,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/13343\/revisions\/13350"}],"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=13343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=13343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=13343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}