{"id":14415,"date":"2015-08-20T05:04:26","date_gmt":"2015-08-20T05:04:26","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=14415"},"modified":"2015-08-20T05:04:26","modified_gmt":"2015-08-20T05:04:26","slug":"thursday-20th-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-20th-august-european-open-briefing\/","title":{"rendered":"Thursday 20th 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 0.60 %, Shanghai Composite fell 0.40 %, Hang Seng declined 1.40 %, ASX lost 1.10 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1137.90 (+0.90 %), Silver at $15.38 (+1.30 %), WTI Oil at $40.98 (-0.75 %), Brent Oil at $46.90 (+0.05 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.12, UK 10 year yield at 1.83, German 10 year yield at 0.62\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan Tankan Index 17.0 (prev 14.0)\n\t<\/li>\n<li>\n\t\tPBOC Fixes Yuan Reference Rate At 6.3915 (prev 6.3963)\n\t<\/li>\n<li>\n\t\tMost Fed Officials In July Saw Conditions For Rate Hike Nearing &#8211; BBG\n\t<\/li>\n<li>\n\t\tFOMC Minutes: Members &#39;Generally Agreed&#39; More Info Needed To Hike\n\t<\/li>\n<li>\n\t\tFOMC Minutes: Some Participants Not Yet Seen Evidence Inflation Moving To 2%\n\t<\/li>\n<li>\n\t\tFOMC Minutes: One Member Indicated They Were Ready To Raise Rates In July\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar weakened after the release of the FOMC minutes, which were perceived as rather dovish. The Euro benefited the most from this, with EUR\/USD rallying to a high of 1.1150. The reaction in the other major pairs was rather muted, with GBP\/USD still trading below 1.57. USD\/JPY fell to a low of 123.70 briefly after the release, but quickly recovered, almost reaching 124.00 earlier. Given that the minutes were not overly dovish, it is likely the 123.70-125.25 range will remain intact for a while.\n<\/p>\n<p>\n\tPrice action in the Aussie and Kiwi Dollar has been very quiet this week, partly because of the lack of economic data releases out of Australia &amp; NZ. AUD\/USD traded 0.7340-70 overnight (it started the trading week at 0.7370), while NZD\/USD spent the Asian session in a 0.6590-0.6620 range (the week&lsquo;s opening level being 0.6540 here).\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 BST &#8211; German PPI\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; Swiss Trade Balance\n\t<\/li>\n<li>\n\t\t07:30 BST &#8211; Bank of Japan Press Conference\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; FOMC Member Willaims speaks\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Norwegian GDP\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\t15:00 BST &#8211; US Existing Home Sales\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; Philadelphia Fed Manufacturing Index\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.60 %, Shanghai Composite fell 0.40 %, Hang Seng declined 1.40 %, ASX lost 1.10 % Commodities: Gold at $1137.90 (+0.90 %), Silver at $15.38 (+1.30 %), WTI Oil at $40.98 (-0.75 %), Brent Oil at $46.90 (+0.05 %) Rates: US 10 year yield at 2.12, UK 10 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-20th-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 20th 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-14415","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\/14415","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=14415"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14415\/revisions"}],"predecessor-version":[{"id":14416,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14415\/revisions\/14416"}],"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=14415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=14415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=14415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}