{"id":14365,"date":"2015-08-14T04:56:07","date_gmt":"2015-08-14T04:56:07","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=14365"},"modified":"2015-08-14T04:56:07","modified_gmt":"2015-08-14T04:56:07","slug":"friday-14th-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-14th-august-european-open-briefing\/","title":{"rendered":"Friday 14th 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 0.40 %, Shanghai Composite gained 0.80 %, Hang Seng rose 0.15 %, ASX fell 0.45 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1112.80 (-0.40 %), Silver at $15.38 (-0.25 %), WTI Oil at $41.98 (-0.60 %), Brent Oil at $49.55 (-0.20 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.17, UK 10 year yield at 1.85, German 10 year yield\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tNew Zealand Real Retail Sales (QoQ) Q2: 0.1% (exp 0.5% prev 2.7%)\n\t<\/li>\n<li>\n\t\tPBOC Fixes Yuan Reference Rate At 6.3975 (prev 6.4010)\n\t<\/li>\n<li>\n\t\tRBA&rsquo;s Kent: Jobless Rate Still Very High, A Lot Of Spare Capacity Seen\n\t<\/li>\n<li>\n\t\tRBA&rsquo;s Kent: Slightly More Positive Data, But Growth Still Moderate, Uncertainty Remains, RBA To Be Open Minded\n\t<\/li>\n<li>\n\t\tRBA&rsquo;s Kent: Further Passthrough Of Lower AUD Still To Come\n\t<\/li>\n<li>\n\t\tAsia shares set to end week lower; crude oil slumps &#8211; RTRS\n\t<\/li>\n<li>\n\t\tU.S. crude oil dips below $42 on high U.S. stocks, Asia economy worries &#8211; RTRS\n\t<\/li>\n<li>\n\t\tSolid U.S. retail sales bolster Fed rate hike expectations &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe focus overnight was again on the Asian currencies. The Chinese Yuan appreciated slightly at today&rsquo;s PBOC fix, which was set at 6.3975 (vs. 6.4010 yesterday). However, other APAC currencies were under pressure, with the Malaysian Ringgit falling to fresh multi-year lows and USD\/SGD back above 1.40.\n<\/p>\n<p>\n\tIn the major pairs, price action was rather quiet. USD\/JPY seems comfortable in the 124-125 range; strong selling interest reported above 125.00, while key support now lies at 123.50\/75. AUD\/USD traded in a 0.7355-85 and remains well bid overall. The Kiwi Dollar fell after disappointing retail sales data, which arrived at 0.1 % q\/q vs 0.5 % expected. NZD\/USD dropped to a low of 0.6512, while AUD\/NZD rallied from 1.12 to a high of 1.1296.\n<\/p>\n<p>\n\tUSD\/CAD is still quite choppy &ndash; USD weakness is preventing it from rallying, but with Oil posting fresh lows, the Canadian Dollar is also under pressure. 1.2950 and 1.3155 are the key levels to watch.<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 GDP\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Italian GDP\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone CPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US PPI\n\t<\/li>\n<li>\n\t\t14:15 BST &#8211; US Industrial Production\n\t<\/li>\n<li>\n\t\t14:15 BST &#8211; US Manufacturing Production\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Michigan Consumer Sentiment\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.40 %, Shanghai Composite gained 0.80 %, Hang Seng rose 0.15 %, ASX fell 0.45 % Commodities: Gold at $1112.80 (-0.40 %), Silver at $15.38 (-0.25 %), WTI Oil at $41.98 (-0.60 %), Brent Oil at $49.55 (-0.20 %) Rates: US 10 year yield at 2.17, UK 10 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-14th-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 14th 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-14365","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\/14365","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=14365"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14365\/revisions"}],"predecessor-version":[{"id":14366,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14365\/revisions\/14366"}],"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=14365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=14365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=14365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}