{"id":19715,"date":"2017-01-24T11:24:31","date_gmt":"2017-01-24T05:54:31","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19715"},"modified":"2017-01-24T11:24:31","modified_gmt":"2017-01-24T05:54:31","slug":"tuesday-24th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-24th-january-european-open-briefing\/","title":{"rendered":"Tuesday 24th January: European Open Briefing"},"content":{"rendered":"<h4>\n\t&nbsp;<br \/>\n<\/h4>\n<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei down 0.60 %, Shanghai Composite gained 0.10 %, Hang Seng rose 0.25 %, ASX 200 rallied 0.70 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1216 (+0.10 %), Silver at $17.20 (+0.05 %), WTI Oil at $53.00 (+0.45 %), Brent Oil at $55.50 (+0.55 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.39, UK 10 year yield at 1.37, German 10 year yield at 0.36\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan Nikkei Manufacturing PMI Jan P: 52.8 (prev. 52.4); highest since March 2014\n\t<\/li>\n<li>\n\t\tAustralia ANZ Roy Morgan Weekly Consumer Confidence Index: 117.0 (prev. 119.3)\n\t<\/li>\n<li>\n\t\tNZ Performance Services Index Dec: 58.4 (rev prev. 58.1 from 57.9)\n\t<\/li>\n<li>\n\t\tPBOC set USD\/CNY mid-point at 6.8331 (prev fix 6.8572, prev close 6.8540)\n\t<\/li>\n<li>\n\t\tUS Treasury Sec. Nominee Mnuchin: &#39;Excessively strong&#39; USD may be negative in short term\n\t<\/li>\n<li>\n\t\tTrump pulls U.S. out of Pacific trade deal, loosening Asia ties &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar on defensive, Asia stocks subdued amid U.S. trade unease &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar struggles, pressured by worries over Trump protectionism &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar fell further overnight as US President Donald Trump formally withdrew from the Trans-Pacific Partnership (TPP), adding to concerns about protectionism and a decline in global trade.\n<\/p>\n<p>\n\tThe Euro rose to a high of 1.0770 in Asia, and the next important resistance level now lies at 1.0870. GBP\/USD reached at 1.2545, but faces strong resistance ahead of 1.26. Pound traders should keep in mind that at 0930 GMT, the British Supreme Court will rule whether Parliament OR the ministers have the power to begin the Brexit process.\n<\/p>\n<p>\n\tMeanwhile, USD\/JPY remains under pressure. 112.50 held on the first test, but seems fragile. Next key support is seen at 111.\n<\/p>\n<p>\n\tGold remained steady in Asia and traded in a 1215-1219 range, while Silver consolidated between 17.12-22. Oil prices also benefited slightly from the Dollar weakness, with WTI rising back to 53.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:00 GMT &#8211; French Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:00 GMT &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:30 GMT &#8211; German Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:30 GMT &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t14:45 GMT &#8211; US Manufacturing PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Existing Home Sales\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Richmond Manufacturing Index\n\t<\/li>\n<li>\n\t\t23:50 GMT &#8211; Japanese Trade Balance\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Global Markets: Asian stock markets: Nikkei down 0.60 %, Shanghai Composite gained 0.10 %, Hang Seng rose 0.25 %, ASX 200 rallied 0.70 % Commodities: Gold at $1216 (+0.10 %), Silver at $17.20 (+0.05 %), WTI Oil at $53.00 (+0.45 %), Brent Oil at $55.50 (+0.55 %) Rates: US 10 year yield at 2.39, &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-24th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 24th 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-19715","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\/19715","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=19715"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19715\/revisions"}],"predecessor-version":[{"id":19718,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19715\/revisions\/19718"}],"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=19715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}