{"id":14167,"date":"2015-07-23T05:07:41","date_gmt":"2015-07-23T05:07:41","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=14167"},"modified":"2015-07-23T05:14:19","modified_gmt":"2015-07-23T05:14:19","slug":"thursday-23rd-july-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-23rd-july-european-open-briefing\/","title":{"rendered":"Thursday 23rd July: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei up 0.40 %, Shanghai Composite gained 1.30 %, Hang Seng rose 0.70 %, ASX fell 0.20 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1097 (+0.55 %), Silver at $14.82 (+0.60 %), WTI Oil at $49.34 (+0.30 %), Brent Oil at $56.14 (+0.30 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.32, UK 10 year yield at 2.03, German 10 year yield at 0.75<br \/>\n\t\t&nbsp;\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tRBNZ Official Cash Rate 3.0 %, Expected: 3.0 %, Previous: 3.25 %\n\t<\/li>\n<li>\n\t\tRBNZ: Some Further Easing Seems Likely\n\t<\/li>\n<li>\n\t\tRBNZ Removes Phrase That Level Of NZD Is Unjustified\n\t<\/li>\n<li>\n\t\tJapan Trade Balance -&yen;69bln, Expected: &yen;5bln, Previous: -&yen;216bln\n\t<\/li>\n<li>\n\t\tJapan Exports 9.5 % y\/y, Expected: 10.0 %, Previous: 2.4 %\n\t<\/li>\n<li>\n\t\tJapan Imports -2.9 % y\/y, Expected: -4.0 %, Previous: -8.7 %\n\t<\/li>\n<li>\n\t\tAustralia NAB Business Confidence 4.0, Previous: 0.0\n\t<\/li>\n<li>\n\t\tNew Zealand FinMin English: New Zealand Still On Track For Solid, Moderate Growth &#8212; BBG\n\t<\/li>\n<li>\n\t\tNew Zealand FinMin English: Fall In Dairy Prices Will Curb Economic Growth &#8212; BBG\n\t<\/li>\n<li>\n\t\tAsia shares slip on lackluster data, dollar strong &#8211; RTRS<br \/>\n\t\t&nbsp;\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe Reserve Bank of New Zealand cut interest rates by 25 bps overnight, to 3.00 %. The market was expecting a more dovish RBNZ and some even saw good chances of a 50 bps rate cut, hence the short squeeze in NZD\/USD. The pair rallied from 0.6570 ahead of the announcement to a high of 0.6650 just moments later. However, it ran once again into decent selling interest there and retraced the move back into the lower 0.66s. In AUD\/NZD, stops below 1.1150 got triggered and pushed the pair eventually to a low of 1.11. Key support eyed at 1.10.\n<\/p>\n<p>\n\tTrading in the other major currency pairs was rather quiet. EUR, CHF, GBP and AUD are slightly up against the Dollar, while CAD and JPY fell overnight.<br \/>\n\t&nbsp;\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:00 BST &#8211; Spanish Unemployment Rate\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; Swedish Unemployment Rate\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Retail Sales\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 Retail Sales\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US CB Leading Index\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; Euro Zone Consumer Confidence\n\t<\/li>\n<li>\n\t\t23:45 BST &#8211; New Zealand Trade Balance\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.40 %, Shanghai Composite gained 1.30 %, Hang Seng rose 0.70 %, ASX fell 0.20 % Commodities: Gold at $1097 (+0.55 %), Silver at $14.82 (+0.60 %), WTI Oil at $49.34 (+0.30 %), Brent Oil at $56.14 (+0.30 %) Rates: US 10 year yield at 2.32, UK 10 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-23rd-july-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 23rd July: 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-14167","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\/14167","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=14167"}],"version-history":[{"count":3,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14167\/revisions"}],"predecessor-version":[{"id":14170,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14167\/revisions\/14170"}],"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=14167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=14167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=14167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}