{"id":14764,"date":"2015-09-24T10:36:16","date_gmt":"2015-09-24T05:06:16","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=14764"},"modified":"2015-09-24T10:36:16","modified_gmt":"2015-09-24T05:06:16","slug":"thursday-24th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-24th-september-european-open-briefing\/","title":{"rendered":"Thursday 24th 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 down 2.20 %; Shanghai Composite gained 0.30 %, Hang Seng fell 1.00 %, ASX rose 1.10 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1134 (+0.20 %), Silver at $14.83 (+0.30 %), WTI Oil at $44.85 (+0.85 %), Brent Oil at $48.08 (+0.45 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.14, UK 10 year yield at 1.79, German 10 year yield at 1.79\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan All Industry Activity Index (MoM) Jul: 0.2% (exp 0.0% prev 0.3%)\n\t<\/li>\n<li>\n\t\tJapan Nikkei Manufacturing PMI (Sep, P): 50.9 (exp 51.2 prev 51.7)\n\t<\/li>\n<li>\n\t\tNew Zealand Trade Balance (Aug): NZD -1.035 Bln (exp NZD -850 Mln prev NZD -649 Mln)\n\t<\/li>\n<li>\n\t\tPBOC Fixes Yuan Reference Rate At 6.3791 (prev 6.3773)\n\t<\/li>\n<li>\n\t\tAsia subdued amid lingering global growth woes, euro steady &#8211; RTRS\n\t<\/li>\n<li>\n\t\tMarkets overlook U.S. strength, overreact to China: Fed&#39;s Lockhart &#8211; RTRS\n\t<\/li>\n<li>\n\t\tGloomy PMI data weigh on Japan equities &#8211; FT\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar weakened slightly in the overnight trading session. EUR\/USD found good support ahead of the 1.11 level in yesterday&#39;s NY session and was able to bounce from there, reaching a high of 1.1195 in Asia. GBP\/USD is still struggling after the break of 1.5330 support. It reached a low of 1.5220 yesterday and is currently consolidating around 1.5255. A test of the 1.5160 support level (last week&#39;s low) seems likely.\n<\/p>\n<p>\n\tJapanese markets opened after being closed for three days and traders were offering USD\/JPY immediately at the Tokyo open. The pair declined from 120.35 to a low of 119.85. While the USD has been overall strong this week, it was struggling to make gains against the Yen amid the risk-off sentiment in global equity markets.\n<\/p>\n<p>\n\tAUD\/USD broke sub-0.70 and won&#39;t any major support until 0.6905, the current yearly low. NZD\/USD is doing slightly better as it found solid support around the 0.6240 level and is approaching 0.63 now.<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 Consumer Climate\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Italian Industrial Sales\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; German IFO Business Climate Index\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Norway Central Bank Rate Decision\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Durable Goods Orders\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US New Home Sales\n\t<\/li>\n<li>\n\t\t22:00 BST &#8211; Fed Chair Yellen\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 2.20 %; Shanghai Composite gained 0.30 %, Hang Seng fell 1.00 %, ASX rose 1.10 % Commodities: Gold at $1134 (+0.20 %), Silver at $14.83 (+0.30 %), WTI Oil at $44.85 (+0.85 %), Brent Oil at $48.08 (+0.45 %) Rates: US 10 year yield at 2.14, UK 10 &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-24th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 24th 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-14764","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\/14764","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=14764"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14764\/revisions"}],"predecessor-version":[{"id":14765,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/14764\/revisions\/14765"}],"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=14764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=14764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=14764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}