{"id":19571,"date":"2017-01-12T10:55:08","date_gmt":"2017-01-12T05:25:08","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19571"},"modified":"2017-01-12T10:55:08","modified_gmt":"2017-01-12T05:25:08","slug":"thursday-12th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-12th-january-european-open-briefing\/","title":{"rendered":"Thursday 12th 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 0.95 %, Shanghai Composite gained 0.15 %, Hang Seng declined 0.10 %, ASX lost 0.08 %\n\t<\/li>\n<li>\n\t\tCommodities: WTI Oil at $52.15 (-0.17 %), Brent Oil at $55.09 (-0.02 %), Gold at $1196.85 (+0.02 %), Silver at $16.85 (+0.12 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.34, UK 10-year yield at 1.34, 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 BoP Current Account Balance (JPY) (Nov): 1415.5bn (est 1460.0bn, prev 1719.9bn)\n\t<\/li>\n<li>\n\t\tJapan BoP Current Account Adjusted (JPY) (Nov): 1799.6bn (est 1870.4bn, prev 1928.9bn)\n\t<\/li>\n<li>\n\t\tJapan Bank Lending Ex-Trusts (YoY) (Dec): 2.60% (est 2.50%, prev 2.40%)\n\t<\/li>\n<li>\n\t\tJapan Trade Balance BoP Basis (JPY) (Nov): 313.4bn (est 254.4bn, prev 587.6bn)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Commodity Price Index (MoM) (Dec): +0.7% (prev rev to +3.2% from +2.70%)\n\t<\/li>\n<li>\n\t\tBrazil cut Selic rate by 75bps to 13.00% (est. 13.25%, prev. 13.75%)\n\t<\/li>\n<li>\n\t\tDollar loses altitude, Asia shares at 11-week top &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil dips on rising U.S. crude inventories, plentiful global supplies &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar slumps after Trump offers no details on economic policies &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar weakened sharply after the press conference held by US President-elect Donald Trump. The market was anticipating some details about Trump&rsquo;s economic plans, but received none, which led to covering of USD long positions.\n<\/p>\n<p>\n\tHeavy selling was seen in USD\/JPY, which fell to a low of 114.27 at one point. It recovered slightly later, but ran out of momentum above 115.50 and eventually declined back to 114.40 in Asia.\n<\/p>\n<p>\n\tEUR\/USD rallied above 1.06, but once again failed to take out resistance at 1.0620. Key support is now seen at 1.0565\/70, and a break below would confirm the third rejection off 1.0620, suggesting the Euro is heading back towards 1.04.\n<\/p>\n<p>\n\tGBP\/USD rallied as far as 1.2270 yesterday, but retraced back to 1.2170 in Asia. On-going concerns about a hard Brexit will likely continue to prevent any larger gains in the near-term.\n<\/p>\n<p>\n\tThe Australian Dollar is looking strong. AUD\/USD rallied from 0.7430 to 0.7470 in Asia, and resistance is now seen in the 0.7500-20 area. A break above would signal a move towards 0.78.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\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","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.95 %, Shanghai Composite gained 0.15 %, Hang Seng declined 0.10 %, ASX lost 0.08 % Commodities: WTI Oil at $52.15 (-0.17 %), Brent Oil at $55.09 (-0.02 %), Gold at $1196.85 (+0.02 %), Silver at $16.85 (+0.12 %) Rates: US 10-year yield at 2.34, UK 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-12th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 12th 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-19571","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\/19571","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=19571"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19571\/revisions"}],"predecessor-version":[{"id":19573,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19571\/revisions\/19573"}],"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=19571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}