{"id":14325,"date":"2015-08-11T05:02:12","date_gmt":"2015-08-11T05:02:12","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=14325"},"modified":"2015-08-11T05:02:12","modified_gmt":"2015-08-11T05:02:12","slug":"tuesday-11th-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-11th-august-european-open-briefing\/","title":{"rendered":"Tuesday 11th 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 down 0.85 %, Shanghai Composite lost 0.40 %, Hang Seng gained 0.90 %, ASX declined 0.70 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1100 (-0.35 %), Silver at $15.21 (-0.60 %), WTI Oil at $44.72 (-0.50 %), Brent Oil at $50.80 (-0.05 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.19, UK 10 year yield at 1.93, German 10 year yield at 0.71\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia NAB Business Confidence (Jul): 4 (prev rev 8)\n\t<\/li>\n<li>\n\t\tAustralia NAB Business Conditions (Jul): 6 (prev rev 10)\n\t<\/li>\n<li>\n\t\tChina M2 Money Supply (YoY) Jul: 13.3%\n\t<\/li>\n<li>\n\t\tJapan Money Stock M2 (YoY) Jul: 4.1% (exp 3.9% prev rev 3.9%)\n\t<\/li>\n<li>\n\t\tPBOC Fixes Yuan Reference Rate At 6.2298 (prev 6.1162)\n\t<\/li>\n<li>\n\t\tPBOC Weaken Yuan Reference Rate By Most On Record\n\t<\/li>\n<li>\n\t\tNew Zealand FinMin English: Nz Economy Growing Around 2.0-2.5% Rate &#8212; BBG\n\t<\/li>\n<li>\n\t\tNew Zealand FinMin English: NZ Economy Can Keep Growing At Moderate Rate &#8212; BBG\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe People&rsquo;s Bank of China devalued the Yuan 2 % overnight, which sparked USD demand and put the Australian and New Zealand Dollar under heavy pressure. AUD\/USD fell 1.10 % on the day, while NZD\/USD declined 0.95 %. AUD\/USD broke below the 0.7320 level, but found some support ahead of 0.73. Should it fall below that level as well, next support is the recent swing low at 0.7230. NZD\/USD fell to 0.6536 and the key level to watch is now the 0.6490-0.65 area. It held twice so far, but a clear break below could significantly accelerate downside momentum, as there is little support then until 0.62.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 BST &#8211; German WPI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Italian CPI\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; German ZEW Economic Sentiment\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone ZEW Economic Sentiment\n\t<\/li>\n<li>\n\t\t13:15 BST &#8211; Canadian Housing Starts\n\t<\/li>\n<li>\n\t\t13:55 BST &#8211; US Redbook\n\t<\/li>\n<li>\n\t\t14:30 BST &#8211; UK CB Leading Index\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Wholesale Inventories\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.85 %, Shanghai Composite lost 0.40 %, Hang Seng gained 0.90 %, ASX declined 0.70 % Commodities: Gold at $1100 (-0.35 %), Silver at $15.21 (-0.60 %), WTI Oil at $44.72 (-0.50 %), Brent Oil at $50.80 (-0.05 %) Rates: US 10 year yield at 2.19, UK 10 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-11th-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 11th 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-14325","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\/14325","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=14325"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14325\/revisions"}],"predecessor-version":[{"id":14326,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14325\/revisions\/14326"}],"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=14325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=14325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=14325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}