{"id":14673,"date":"2015-09-15T10:13:50","date_gmt":"2015-09-15T04:43:50","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=14673"},"modified":"2015-09-15T10:13:50","modified_gmt":"2015-09-15T04:43:50","slug":"tuesday-15th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-15th-september-european-open-briefing\/","title":{"rendered":"Tuesday 15th September: 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 0.45 %, Shanghai Composite fell 2.50 %, Hang Seng declined 0.30 %, ASX lost 1.40 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1106.80 (-0.10 %), Silver at $14.36 (-0.10 %), WTI Oil at $44.20 (+0.10 %), Brent Oil at $47.40 (-0.10 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.18, UK 10 year yield at 1.85, German 10 year yield at 0.66\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tBank of Japan leaves rates and size of QE programme unchanged\n\t<\/li>\n<li>\n\t\tBOJ: decision made in 8-1 vote\n\t<\/li>\n<li>\n\t\tBOJ: economy continues to recover moderately\n\t<\/li>\n<li>\n\t\tRBA: despite improving labour demand, spare capacity and wage pressures still weak\n\t<\/li>\n<li>\n\t\tRBA: growth expected to stay below average, but members saw improvement in recent months\n\t<\/li>\n<li>\n\t\tRBA: non-mining business spending subdued in near-term, but expected to pick up over time\n\t<\/li>\n<li>\n\t\tRBA: recent policy measures to support activity in china had not yet had their full impact\n\t<\/li>\n<li>\n\t\tPBOC Fixes Yuan Reference Rate At 6.3665 (prev 6.3709)\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe Bank of Japan left rates and QE unchanged as expected, but the USD\/JPY declined nevertheless after the announcement. Traders are now waiting for the press conference at 07:30 BST and any possible dovish hints from the central bank. USD\/JPY slowly rose to 120.60 after the NY close, but fell together with the Nikkei and eventually extended losses to 119.90.\n<\/p>\n<p>\n\tEUR\/USD traded in a 1.1300-28 range in Asia. Key intraday support is seen at 1.1280 and 1.1255, while the key levels to the topside are 1.1345 and 1.1370. Meanwhile, GBP\/USD was caught in a 15 pips range overnight. We will get the latest UK inflation numbers at 08:30 BST and the market is expecting a 0.0 % print year-on-year and 0.2 % month-on-month.\n<\/p>\n<p>\n\tThe RBA released its meeting minutes overnight and AUD\/USD had a quick 25 pips fall, but there were no surprises or much new in the text. The pair found some support at 0.7125 and recovered to 0.7140.<a name=\"_GoBack\"><\/a>\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:30 BST &#8211; Bank of Japan Press Conference\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; French CPI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK 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 Trade Balance\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Retail Sales\n\t<\/li>\n<li>\n\t\t13:55 BST &#8211; US Redbook\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<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.45 %, Shanghai Composite fell 2.50 %, Hang Seng declined 0.30 %, ASX lost 1.40 % Commodities: Gold at $1106.80 (-0.10 %), Silver at $14.36 (-0.10 %), WTI Oil at $44.20 (+0.10 %), Brent Oil at $47.40 (-0.10 %) Rates: US 10 year yield at 2.18, UK 10 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-15th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 15th September: 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-14673","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\/14673","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=14673"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14673\/revisions"}],"predecessor-version":[{"id":14674,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14673\/revisions\/14674"}],"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=14673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=14673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=14673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}