{"id":19523,"date":"2017-01-09T11:40:23","date_gmt":"2017-01-09T06:10:23","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19523"},"modified":"2017-01-09T11:40:54","modified_gmt":"2017-01-09T06:10:54","slug":"monday-9th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-9th-january-european-open-briefing\/","title":{"rendered":"Monday 9th 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: Shanghai Composite gained 0.50 %, Hang Seng rose 0.20 %, ASX 200 up 0.90 %, Nikkei closed\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1174 (+0.10 %), Silver at $16.50 (-0.15 %), WTI Oil at $53.70 (-0.55 %), Brent Oil at $56.85 (-0.50 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.42, UK 10-year yield at 1.39, German 10-year yield at 0.30\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data: <\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia Building Approvals (MoM) (Nov): 7.0% (est 4.50%, prev -12.60%)\n\t<\/li>\n<li>\n\t\tAustralia Building Approvals (YoY) (Nov): -4.8% (est -5.70%, prev -24.90%)\n\t<\/li>\n<li>\n\t\tAustralia AIG Performance of Construction (Dec): 47.0 (prev +0.7 to 46.6)\n\t<\/li>\n<li>\n\t\tChina Foreign Exchange Reserves (Dec): $3.011bn (est $3.01bn, prev $3.052bn)\n\t<\/li>\n<li>\n\t\tOil prices fall as Iranian crude tanker exports surge, U.S. adds more rigs &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar sits on payroll gains, needs new energy &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>CFTC Positioning Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tEUR short 70K versus 69K short last week. Shorts increased by 1K\n\t<\/li>\n<li>\n\t\tGBP short 65K versus 57K short last week, Shorts increased by 8K\n\t<\/li>\n<li>\n\t\tJPY short 87K versus 87K short last week. No net change.\n\t<\/li>\n<li>\n\t\tCHF short 13K versus 10K short last week. Shorts increased by 3K\n\t<\/li>\n<li>\n\t\tCAD short 4K versus 2K short last week.&nbsp; Shorts increased by 2K\n\t<\/li>\n<li>\n\t\tAUD short 3K versus 2K short last week. Shorts increased by 1K\n\t<\/li>\n<li>\n\t\tNZD short 11K versus 11K short last week. No net change\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar rose overnight, especially against the Yen and the British Pound. The currency received additional support from solid US employment data released on Friday, which helped it recover after two days of losses. Meanwhile, the Pound came under renewed pressure as the &quot;hard Brexit&quot; option seems increasing likely. GBP\/USD opened around 1.2240 in Asia, down from 1.2280 at the Friday closed. It almost closed the gap in the early Asian session, but eventually resumed the decline and fell towards 1.22.\n<\/p>\n<p>\n\tThe Euro remained quiet and traded in a 1.0522-44 range in Asia. The commodity currencies rose slightly, but the topside was capped at 0.7330 in AUD\/USD and 0.6975 in NZD\/USD.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German Trade Balance\n\t<\/li>\n<li>\n\t\t07:00 GMT &#8211; German Industrial Production\n\t<\/li>\n<li>\n\t\t08.30 GMT &#8211; UK Halifax House Price Index\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; Euro Zone Sentix Investor Confidence\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Unemployment Rate\n\t<\/li>\n<li>\n\t\t14:00 GMT &#8211; FOMC Member Rosengren speaks\n\t<\/li>\n<li>\n\t\t17:45 GMT &#8211; FOMC Member Lockhart speaks\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, January 10th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; Australian Retail Sales\n\t<\/li>\n<li>\n\t\t01:30 GMT &#8211; Chinese CPI\n\t<\/li>\n<li>\n\t\t01:30 GMT &#8211; Chinese PPI\n\t<\/li>\n<li>\n\t\t07:45 GMT &#8211; Swiss Unemployment Rate\n\t<\/li>\n<li>\n\t\t13:15 GMT &#8211; Canadian Housing Starts\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US JOLTs Job Openings\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, January 11th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t05:00 GMT &#8211; Japanese Leading Index\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Manufacturing Production\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Industrial Production\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Trade Balance\n\t<\/li>\n<li>\n\t\t15:30 GMT &#8211; US Crude Oil Inventories\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, January 12th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t07:45 GMT &#8211; French CPI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Italian Industrial Production\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Industrial Production\n\t<\/li>\n<li>\n\t\t12:30 GMT &#8211; ECB Meeting Minutes\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t14:15 GMT &#8211; Bank of England Governor Carney speaks\n\t<\/li>\n<li>\n\t\t17:30 GMT &#8211; FOMC Member Lockhart speaks\n\t<\/li>\n<li>\n\t\t18:15 GMT &#8211; FOMC Member Bullard speaks\n\t<\/li>\n<li>\n\t\t18:45 GMT &#8211; FOMC Member Kaplan speaks\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, January 13th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:00 GMT &#8211; Fed Chair Yellen speaks\n\t<\/li>\n<li>\n\t\t02:00 GMT &#8211; Chinese Trade Balance\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Retail Sales\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Michigan Consumer Sentiment\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: Shanghai Composite gained 0.50 %, Hang Seng rose 0.20 %, ASX 200 up 0.90 %, Nikkei closed Commodities: Gold at $1174 (+0.10 %), Silver at $16.50 (-0.15 %), WTI Oil at $53.70 (-0.55 %), Brent Oil at $56.85 (-0.50 %) Rates: US 10-year yield at 2.42, UK 10-year yield at &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-9th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 9th 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-19523","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\/19523","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=19523"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19523\/revisions"}],"predecessor-version":[{"id":19525,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19523\/revisions\/19525"}],"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=19523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}