{"id":14441,"date":"2015-08-24T04:04:45","date_gmt":"2015-08-24T04:04:45","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=14441"},"modified":"2015-08-25T04:45:53","modified_gmt":"2015-08-25T04:45:53","slug":"mondya-24th-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/mondya-24th-august-european-open-briefing\/","title":{"rendered":"Monday 24th 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 3.20 %, Shanghai Composite lost 8.00 %, Hang Seng fell 4.10 %, ASX declined 3.40 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1162 (+0.20 %), Silver at $15.23 (-0.45 %), WTI Oil at $39.40 (-2.55 %), Brent Oil at $44.50 (-1.80 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.99, UK 10 year yield at 1.80, German 10 year yield at 0.58\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapanese PM Abe: BoJ Missing 2 Year Inflation Target Cannot Be Helped Given Fall In Oil &#8212; RTRS\n\t<\/li>\n<li>\n\t\tAustralian Treasurer Hockey Calls For More Transparency From US Federal Reserve &#8212; BBG\n\t<\/li>\n<li>\n\t\tRBNZ&#39;s Spencer: Interest Rate Rises Off The Table For Some Time\n\t<\/li>\n<li>\n\t\tJapan EcoMin Amari: Expect Chinese Economy To Settle Down As Gov&rsquo;t Takes Steps On Growth &#8212; RTRS\n\t<\/li>\n<li>\n\t\tJapan EcoMin Amari: Weakness May Spread To Other Asia &amp; ASEAN Nations\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tIt&#39;s been a while we have seen such moves in the markets, especially during an Asian session. The sell-off in the equity markets continues, with the Shanghai Composite down over 8 % and the Hang Seng 4 % lower. S&amp;P 500 futures have already declined 2.50 % and WTI Oil is trading at fresh multi-year lows, slowly approaching $39.00.\n<\/p>\n<p>\n\tIn FX, the EUR rallied sharply. EUR\/USD almost touched 1.15 and the moves in the cross pairs have been nothing less impressive, with EUR\/AUD now close to 1.60 and EUR\/GBP above 0.73. In EUR\/USD, resistance next seen at 1.1530 and then 1.1680. USD\/JPY immediately continued its sell-off at the Sydney open and declined from 121.95 to 120.85. Support now seen at 120.40 and a break below would pave the way for a 118.00 test.\n<\/p>\n<h4>\n\t<strong>CFTC Positioning Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tEUR shorts 93K vs 115K short prior week\n\t<\/li>\n<li>\n\t\tGBP short 4K vs 10K short prior week\n\t<\/li>\n<li>\n\t\tJPY short 90k vs. 105K short prior week\n\t<\/li>\n<li>\n\t\tCAD short 67K vs. 67k short prior week\n\t<\/li>\n<li>\n\t\tCHF short 10K vs. 7k short prior week\n\t<\/li>\n<li>\n\t\tAUD short 50K vs. 51K short prior week\n\t<\/li>\n<li>\n\t\tNZD short 10K vs. 11K short prior week\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t06:00 BST &#8211; Japanese Leading Index\n\t<\/li>\n<li>\n\t\t20:55 BST &#8211; FOMC Member Lockhart speaks\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>The Week Ahead (Key Data &amp; Events):<\/strong>\n<\/p>\n<p>\n\t<u>Tuesday, August 25th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t07:00 BST &#8211; German GDP\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; German IFO Business Climate\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Services PMI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US New Home Sales\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Richmond Manufacturing Index\n\t<\/li>\n<li>\n\t\t23:45 BST &#8211; New Zealand Trade Balance\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, August 26th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t13:30 BST &#8211; US Durable Goods Orders\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; FOMC Member Dudley speaks\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, August 27th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t08:00 BST &#8211; Spanish GDP\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US GDP\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 Pending Home Sales\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, August 28th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 BST &#8211; Japanese Unemployment Rate\n\t<\/li>\n<li>\n\t\t00:30 BST &#8211; Japanese CPI\n\t<\/li>\n<li>\n\t\t00:30 BST &#8211; Japanese GDP\n\t<\/li>\n<li>\n\t\t06:45 BST &#8211; Swiss GDP\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; Spanish CPI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK GDP\n\t<\/li>\n<li>\n\t\t13:00 BST &#8211; German CPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Personal Spending\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Personal Income\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 3.20 %, Shanghai Composite lost 8.00 %, Hang Seng fell 4.10 %, ASX declined 3.40 % Commodities: Gold at $1162 (+0.20 %), Silver at $15.23 (-0.45 %), WTI Oil at $39.40 (-2.55 %), Brent Oil at $44.50 (-1.80 %) Rates: US 10 year yield at 1.99, UK 10 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/mondya-24th-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 24th 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-14441","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\/14441","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=14441"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14441\/revisions"}],"predecessor-version":[{"id":14453,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14441\/revisions\/14453"}],"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=14441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=14441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=14441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}