{"id":14286,"date":"2015-08-06T04:53:52","date_gmt":"2015-08-06T04:53:52","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=14286"},"modified":"2015-08-06T04:53:52","modified_gmt":"2015-08-06T04:53:52","slug":"thursday-6th-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-6th-august-european-open-briefing\/","title":{"rendered":"Thursday 6th August: 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 0.70 %, Shanghai Composite fell 0.35 %, Hang Seng dropped 0.60 %, ASX lost 1.20 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1084 (-0.15 %), Silver at $14.55 (-0.05 %), WTI Oil at $45.15 (+0.01 %), Brent Oil at $49.72 (+0.20 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.26, UK 10 year yield at 1.96, German 10 year yield at 1.96\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia Employment Change (Jul): 38.5K (exp 10.0K prev 7.3K)\n\t<\/li>\n<li>\n\t\tAustralia Unemployment Rate (Jul): 6.3% (exp 6.1% prev 6.0%)\n\t<\/li>\n<li>\n\t\tAustralia Participation Rate (Jul): 65.1% (exp 64.8% prev 64.8%)\n\t<\/li>\n<li>\n\t\tAsia shares drop, dollar firm; U.S. data signals September hike &#8211; RTRS\n\t<\/li>\n<li>\n\t\tRobust U.S. services sector keeps Fed rate hike in play &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe Australian Dollar fell after mixed Australian employment data. While the employment change beat expectations at 38.5k, the unemployment rate ticked up to 6.3 % vs. a 6.1 % forecast. The pair fell to a low of 0.7320, where it found some support. 0.7420 seems like a short-term top now and if the pair breaks sub-0.73, downside momentum is likely to accelerate, paving the way for another 0.7230 test. AUD\/NZD fell to 1.12 after the data release, with the next intraday support level being 1.1180.\n<\/p>\n<p>\n\tNZD\/USD recovered slightly after trading briefly sub-0.65, but selling rallies remains the preferred strategy for the pair. Key intraday resistance lies at 0.6560, with the falling trendline on the hourly chart also near. Meanwhile, USD\/CAD remains very well bid as the 1.31 support level held once again. Both WTI and Brent are posting fresh lows, which is keeping the Canadian Dollar under pressure. USD\/JPY briefly touched the 125.00 level, but then fell back to 124.75. There is talk of bids building at 124.50, which is also a solid intraday support level.<a name=\"_GoBack\"><\/a>\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 BST &#8211; German Factory Orders\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Industrial Production\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Manufacturing Production\n\t<\/li>\n<li>\n\t\t12:00 BST &#8211; Bank of England Interest Rate Decision\n\t<\/li>\n<li>\n\t\t12:00 BST &#8211; Bank of England Inflation Report\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; UK NIESR GDP Estimate\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.70 %, Shanghai Composite fell 0.35 %, Hang Seng dropped 0.60 %, ASX lost 1.20 % Commodities: Gold at $1084 (-0.15 %), Silver at $14.55 (-0.05 %), WTI Oil at $45.15 (+0.01 %), Brent Oil at $49.72 (+0.20 %) Rates: US 10 year yield at 2.26, UK 10 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-6th-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 6th August: 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-14286","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\/14286","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=14286"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14286\/revisions"}],"predecessor-version":[{"id":14288,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14286\/revisions\/14288"}],"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=14286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=14286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=14286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}