{"id":14353,"date":"2015-08-13T04:59:13","date_gmt":"2015-08-13T04:59:13","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=14353"},"modified":"2015-08-13T04:59:13","modified_gmt":"2015-08-13T04:59:13","slug":"thursday-13th-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-13th-august-european-open-briefing\/","title":{"rendered":"Thursday 13th 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 0.60 %, Shanghai Composite fell 0.60 %, Hang Seng gained 0.30 %, ASX rose 0.70 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1121 (-0.20 %), Silver at $15.39 (-0.60 %), WTI Oil at $43.38 (+0.20 %), Brent Oil at $50.35 (+0.25 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.17, UK 10 year yield at 1.80, German 10 year yield at 0.61\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan Machine Orders (MoM) Jun: -7.9% (Exp -4.8% prev 0.6%)\n\t<\/li>\n<li>\n\t\tJapan Machine Orders (YoY) Jun: 16.6% (Exp 17.6% prev 19.3%)\n\t<\/li>\n<li>\n\t\tUK RICS House Price Balance (Jul): 44% (exp 42% prev 40%)\n\t<\/li>\n<li>\n\t\tNew Zealand REINZ House Sales (YoY) Jul: 37.8% (prev 29.2%)\n\t<\/li>\n<li>\n\t\tNew Zealand Manufacturing PMI (Jul): 53.5 (prev rev 55.1)\n\t<\/li>\n<li>\n\t\tAustralia Consumer Inflation Expectations (Aug): 3.7% (prev 3.4%)\n\t<\/li>\n<li>\n\t\tJapan Government Advisor Hamada: BoJ May Ease If China Move Hits External Demand Too Much\n\t<\/li>\n<li>\n\t\tPBOC Fixes Yuan Reference Rate At 6.4010 (prev 6.3306)\n\t<\/li>\n<li>\n\t\tPBOC&#39;s Yi: Reports that PBOC wants to devalue Yuan by 10 % are nonsense\n\t<\/li>\n<li>\n\t\tPBOC&#39;s Yi: PBOC will step in when market is distorted\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar regained some strength after weakening yesterday against all major currencies. EUR\/USD reached 1.1213, last month&rsquo;s high, but failed to break above. The pair retraced then, with selling pressure increasing at the Tokyo open. EUR\/USD eventually hit a session low of 1.1130. Key support now seen at 1.1080 and then 1.1000\/10, while to the topside 1.1213 and 1.1275 rare the key levels to watch.\n<\/p>\n<p>\n\tUSD\/JPY had a sharp decline from the 125.30 high posted yesterday, but found support at 123.80 and bounced from there along with the S&amp;P 500, which ended up with a positive daily close. While 125.30 is now key resistance, offers are reported at 124.50 and in front of the 125.00 level.\n<\/p>\n<p>\n\tThe Chinese central bank put the CNY fix at 6.4010 vs 6.3306 previously, but said that there is no basis for further devaluation of the Yuan.<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 CPI\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; French CPI\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; Spanish CPI\n\t<\/li>\n<li>\n\t\t08:15 BST &#8211; Swiss CPI\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; Swedish CPI\n\t<\/li>\n<li>\n\t\t11:30 BST &#8211; FOMC Member Dudley speaks\n\t<\/li>\n<li>\n\t\t12:30 BST &#8211; ECB Meeting Minutes\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Retail Sales\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t23:45 BST &#8211; New Zealand Retail Sales\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.60 %, Shanghai Composite fell 0.60 %, Hang Seng gained 0.30 %, ASX rose 0.70 % Commodities: Gold at $1121 (-0.20 %), Silver at $15.39 (-0.60 %), WTI Oil at $43.38 (+0.20 %), Brent Oil at $50.35 (+0.25 %) Rates: US 10 year yield at 2.17, UK 10 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-13th-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 13th 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-14353","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\/14353","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=14353"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14353\/revisions"}],"predecessor-version":[{"id":14354,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14353\/revisions\/14354"}],"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=14353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=14353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=14353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}