{"id":19636,"date":"2017-01-18T10:03:43","date_gmt":"2017-01-18T04:33:43","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19636"},"modified":"2017-01-18T10:03:43","modified_gmt":"2017-01-18T04:33:43","slug":"wednesday-18th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-18th-january-european-open-briefing\/","title":{"rendered":"Wednesday 18th 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 0.10 %, Shanghai Composite gained 0.30 %, Hang Seng rose 1.30 %, ASX 200 lost 0.60 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1215 (+0.15 %), Silver at $17.18 (+0.18 %), WTI Oil at $52.70 (+0.45 %), Brent Oil at $55.70 (+0.45 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.34, UK 10-year yield at 1.31, German 10-year yield at 0.31\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia Westpac Consumer Confidence Change SA (MoM) Jan: 0.1% (prev. -3.90%)\n\t<\/li>\n<li>\n\t\tChina House Prices: 12.4 % (prev. 12.6 %)\n\t<\/li>\n<li>\n\t\tPBOC set USD\/CNY midpoint at 6.8525 (prev. fix 6.8892, prev. close 6.8501)\n\t<\/li>\n<li>\n\t\tFed&#39;s Williams: We&#39;ve reached Fed&#39;s goal of full employment, gradual hikes likely appropriate\n\t<\/li>\n<li>\n\t\tFed&#39;s Williams: Good case for 3 hikes in 2017 even without fiscal stimulus; no rate threshold to trigger balance sheet move\n\t<\/li>\n<li>\n\t\tAsia stocks up as Trump&#39;s dollar comment boosts exporters; sterling shines &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil ticks up on weaker dollar, U.S. production outlook caps gains &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe British Pound rallied more than 3 % yesterday, after UK Prime Minister presented her Brexit plan. While she did announce an exit from the EU single market, she also promised a parliamentary vote on Brexit and wanted to draw a line under the discussion of a &quot;hard&quot; or &quot;soft&quot; Brexit. GBP\/USD was trading around 1.2160 when May started her speech and finished the day at 1.24. In Asia, it did retraced somewhat, falling to 1.2330.\n<\/p>\n<p>\n\tThe rise of the Pound put the Dollar under pressure across the board. EUR\/USD rose back above 1.07, although it struggled at 1.0720 resistance on the first test. Meanwhile, USD\/JPY fell below 113 support and a test of 111.40 seems likely in the near-term.\n<\/p>\n<p>\n\tThe commodity currencies rallied. AUD\/UD extended gains to 0.7565, while NZD\/USD almost reached 0.7220 resistance. USD\/CAD however, ran into strong support at 1.3020 and bounced from there to 1.3070.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German CPI\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Unemployment Rate\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Claimant Count Change\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone CPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US CPI\n\t<\/li>\n<li>\n\t\t14:00 GMT &#8211; FOMC Member Kaplan speaks\n\t<\/li>\n<li>\n\t\t14:15 GMT &#8211; US Manufacturing Production\n\t<\/li>\n<li>\n\t\t14:15 GMT &#8211; US Industrial Production\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; Bank of Canada Rate Decision\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US NAHB Housing Market Index\n\t<\/li>\n<li>\n\t\t16:00 GMT &#8211; FOMC Member Kashkari speaks\n\t<\/li>\n<li>\n\t\t16:15 GMT &#8211; Bank of Canada Governor Poloz speaks\n\t<\/li>\n<li>\n\t\t21:30 GMT &#8211; New Zealand Business NZ Manufacturing Index\n\t<\/li>\n<li>\n\t\t21:45 GMT &#8211; New Zealand Building Permits\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.10 %, Shanghai Composite gained 0.30 %, Hang Seng rose 1.30 %, ASX 200 lost 0.60 % Commodities: Gold at $1215 (+0.15 %), Silver at $17.18 (+0.18 %), WTI Oil at $52.70 (+0.45 %), Brent Oil at $55.70 (+0.45 %) Rates: US 10-year yield at 2.34, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-18th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 18th 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-19636","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\/19636","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=19636"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19636\/revisions"}],"predecessor-version":[{"id":19637,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19636\/revisions\/19637"}],"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=19636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}