{"id":19539,"date":"2017-01-10T11:26:20","date_gmt":"2017-01-10T05:56:20","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19539"},"modified":"2017-01-10T11:26:20","modified_gmt":"2017-01-10T05:56:20","slug":"tuesday-10th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-10th-january-european-open-briefing\/","title":{"rendered":"Tuesday 10th 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 0.65 %, Shanghai Composite lost 0.10 %, Hang Seng rose 0.55 %, ASX 200 fell 0.80 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1185 (+0.05 %), Silver at $16.67 (-0.10 %), WTI Oil at $52.00 (+0.10 %), Brent Oil at $55.00 (+0.15 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.37, UK 10-year yield at 1.34, German 10-year yield at 0.28\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data: <\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tChina CPI (YoY) (Dec): 2.10% (est 2.20%, prev 2.30%)\n\t<\/li>\n<li>\n\t\tChina CPI (MoM) (Dec): 0.20% (est 0.30%, prev 0.10%)\n\t<\/li>\n<li>\n\t\tChina PPI (YoY) (Dec): 5.50% (est 4.60%, prev 3.30%)\n\t<\/li>\n<li>\n\t\tAustralia Retail Sales (MoM) (Nov): 0.2% (est 0.40%, prev 0.50%)\n\t<\/li>\n<li>\n\t\tUK BRC Total Retail Spending YoY (Dec): +1.7% (prev +1.3%)\n\t<\/li>\n<li>\n\t\tUK BRC Sales LFL YoY (Dec): +1.0% (prev +0.6%)\n\t<\/li>\n<li>\n\t\tJapan Consumer Confidence (Dec): 43.1 (prev 40.9)\n\t<\/li>\n<li>\n\t\tSterling attempts to steady, dollar pulls further away from highs\n\t<\/li>\n<li>\n\t\tAsia stocks steady, oil in flux, sterling suffering &#39;hard&#39; Brexit fears\n\t<\/li>\n<li>\n\t\tOil recovers some previous losses, but doubts over supply cuts linger\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar came under pressure overnight. USD\/JPY reached a top of 117.50 yesterday, and has seen strong selling since then, pushing the pair back to 115.19 overnight. While it has bounced from there, short-term techs suggest that further losses are ahead, and a break below 115 would pave the way for a test of 113.\n<\/p>\n<p>\n\tMeanwhile, the Euro bounced and rose to a high of 1.0626, surpassing the recent high from January 6th. It ran out of momentum there, but retraced only to 1.0600. Further gains seem likely.\n<\/p>\n<p>\n\tThe Pound was the only currency that failed to benefit from the broad Dollar weakness, amid worries about a hard Brexit. GBP\/USD consolidated in a 1.2135-80 range in Asia.\n<\/p>\n<p>\n\tThe commodity currencies rose slightly. AUD\/USD from 0.7340 to 0.7385, and NZD\/USD from 0.7005 to 0.7045.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\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","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.65 %, Shanghai Composite lost 0.10 %, Hang Seng rose 0.55 %, ASX 200 fell 0.80 % Commodities: Gold at $1185 (+0.05 %), Silver at $16.67 (-0.10 %), WTI Oil at $52.00 (+0.10 %), Brent Oil at $55.00 (+0.15 %) Rates: US 10-year yield at 2.37, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-10th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 10th 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-19539","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\/19539","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=19539"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19539\/revisions"}],"predecessor-version":[{"id":19541,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19539\/revisions\/19541"}],"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=19539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}