{"id":19497,"date":"2017-01-06T10:54:07","date_gmt":"2017-01-06T05:24:07","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19497"},"modified":"2017-01-06T10:54:49","modified_gmt":"2017-01-06T05:24:49","slug":"friday-6th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-6th-january-european-open-briefing\/","title":{"rendered":"Friday 6th January: 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 lost 0.15 %, Hang Seng rose 0.35 %, ASX 200 gained 0.02 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1177 (-0.35 %), Silver at $16.40 (-1.40 %), WTI Oil at $53.75 (-0.05 %), Brent Oil at $56.90 (-0.05 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.36, UK 10-year yield at 1.31, German 10-year yield at 0.25\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan Real Cash Earnings (Nov): -0.20% (est 0.00%, prev 0.00%)\n\t<\/li>\n<li>\n\t\tJapan Labour Cash Earnings (YoY) (Nov): 0.20% (est 0.20%, prev 0.10%)\n\t<\/li>\n<li>\n\t\tAustralia Trade Balance (A$) (Nov): +1.243bn (est -0.550bn, prev rev to -1.119bn from -1.541bn)\n\t<\/li>\n<li>\n\t\tAustralia Exports (MoM) (Nov): 8.0% (prev 1.00%)\n\t<\/li>\n<li>\n\t\tAustralia Imports (MoM) (Nov): 0.0% (prev 2.00%)\n\t<\/li>\n<li>\n\t\tGoldman Sachs forecasts USDCNY will rise to 7.3 by end-2017\n\t<\/li>\n<li>\n\t\tPBOC sets USD\/CNY central rate at 6.8668 (vs. yesterday at 6.9307)\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe Dollar regained some strength overnight. USD\/JPY rallied back above 116 following a strong bounce off 115.05 support. Meanwhile, resistance above 1.06 proved to be too strong in EUR\/USD, and it fell back to 1.0575. AUD\/USD declined from 0.7350 to 0.7315, while NZD\/USD retraced from 0.7045 to 0.7005.\n<\/p>\n<p>\n\tFX traders remain focused on the Chinese Yuan, which saw some sharp moves in the past few trading days amid a short squeeze. USD\/CNH fell from 6.9870 to 6.78 in only two days, but was able to recover slightly overnight. It rose from 6.7860 to 6.84.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German Retail Sales\n\t<\/li>\n<li>\n\t\t07:45 GMT &#8211; French Trade Balance\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Retail Sales\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Consumer Confidence\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Business Climate\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Nonfarm Payrolls\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Unemployment Rate\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Trade Balance\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Average Hourly Earnings\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian Unemployment Rate\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian Employment Change\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian Trade Balance\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Factory Orders\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; Canadian Ivey PMI\n\t<\/li>\n<li>\n\t\t20:30 GMT &#8211; US CFTC Positioning Data\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.40 %, Shanghai Composite lost 0.15 %, Hang Seng rose 0.35 %, ASX 200 gained 0.02 % Commodities: Gold at $1177 (-0.35 %), Silver at $16.40 (-1.40 %), WTI Oil at $53.75 (-0.05 %), Brent Oil at $56.90 (-0.05 %) Rates: US 10-year yield at 2.36, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-6th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 6th January: 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-19497","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\/19497","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=19497"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19497\/revisions"}],"predecessor-version":[{"id":19498,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19497\/revisions\/19498"}],"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=19497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}