{"id":19587,"date":"2017-01-13T11:16:50","date_gmt":"2017-01-13T05:46:50","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19587"},"modified":"2017-01-13T11:16:50","modified_gmt":"2017-01-13T05:46:50","slug":"friday-13th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-13th-january-european-open-briefing\/","title":{"rendered":"Friday 13th 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 up 0.65 %, Shanghai Composite lost 0.20 %, Hang Seng rose 0.60 %, ASX 200 lost 0.80 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1192 (-0.60 %), Silver at $16.70 (-0.80 %), WTI Oil at $53.05 (+0.10 %), Brent Oil at $56.00 (+0.05 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.38, UK 10-year yield at 1.30, German 10-year yield at 0.32\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tChina Trade Balance (USD) (Dec): $40.82bn (est 47.55bn, prev rev 44.23bn)\n\t<\/li>\n<li>\n\t\tChina Exports (USD) (YoY) (Dec): -6.10% (est -4.00%, prev rev -1.60%)\n\t<\/li>\n<li>\n\t\tChina Imports (USD) (YoY) (Dec): 3.10% (est 3.00%, prev rev 4.70%)\n\t<\/li>\n<li>\n\t\tJapan M2 Money Stock (YoY) (Dec): 4.0% (est 4.10%, prev 4.00%)\n\t<\/li>\n<li>\n\t\tJapan M2 Money Stock (YoY) (Dec): 3.4% (est 3.50%, prev 3.40%)\n\t<\/li>\n<li>\n\t\tYuan move last week was not a result of the PBOC intervening in the market &#8212; Sec News\n\t<\/li>\n<li>\n\t\tFed&#39;s Kaplan predicts US GDP growth of 2% this year, even without fiscal stimulus\n\t<\/li>\n<li>\n\t\tFed&#39;s Kaplan: Believes the FOMC should be removing monetary accommodation in 2017; inflation heading towards 2%\n\t<\/li>\n<li>\n\t\tFed&#39;s Bullard: Low rates are appropriate in 2017, unlikely to see inflationary surge due to Trump. Any fiscal policy will lag &#8211; RTRS\n\t<\/li>\n<li>\n\t\tYellen: Economy is performing well. Doesn&#39;t see any short-term obstacles\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tOvernight, the US Dollar recovered somewhat from the recent losses. EUR\/USD was rejected off 1.0670 resistance and fell back to 1.06 in Asia, while GBP\/USD declined from 1.2320 in yesterday&#39;s EU session to a low of 1.2140. Concerns about a hard Brexit continue to weigh on the currency, and it the sharp reversal suggests it might test the recent low of 1.2040 again soon.\n<\/p>\n<p>\n\tUSD\/JPY managed to bounce off 113.75 and rose to a high of 115.18 in Asia. Short-term techs remain bearish, and major resistance is seen at 115.50\/60, followed by 116 and 116.80-117.00. Meanwhile, AUD\/USD is consolidating after a strong rally this week. It failed to take out 0.7520 resistance on the first try, but remains well bid, and we could see a retest soon.\n<\/p>\n<h4>\n\t<strong>Economic Calendar:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:00 GMT &#8211; Spanish CPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US PPI\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: Nikkei up 0.65 %, Shanghai Composite lost 0.20 %, Hang Seng rose 0.60 %, ASX 200 lost 0.80 % Commodities: Gold at $1192 (-0.60 %), Silver at $16.70 (-0.80 %), WTI Oil at $53.05 (+0.10 %), Brent Oil at $56.00 (+0.05 %) Rates: US 10-year yield at 2.38, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-13th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 13th 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-19587","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\/19587","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=19587"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19587\/revisions"}],"predecessor-version":[{"id":19589,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19587\/revisions\/19589"}],"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=19587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}