{"id":19733,"date":"2017-01-25T10:16:37","date_gmt":"2017-01-25T04:46:37","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19733"},"modified":"2017-01-25T10:16:37","modified_gmt":"2017-01-25T04:46:37","slug":"wednesday-25th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-25th-january-european-open-briefing\/","title":{"rendered":"Wednesday 25th 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 1.10 %, Shanghai Composite gained 0.25 %, Hang Seng rose 0.10 %, ASX 200 rallied 0.35 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1205 (-0.45 %), Silver at $17.06 (-0.75 %), WTI Oil at $53.05 (-0.30 %), Brent Oil at $55.35 (-0.20 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.46, UK 10-year yield at 1.40, German 10-year yield at 0.41\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia CPI (YoY) Q4: 1.5% (est. 1.60%, prev. 1.30%)\n\t<\/li>\n<li>\n\t\tAustralia CPI (QoQ) Q4: 0.5% (est. 0.70%, prev. 0.70%)\n\t<\/li>\n<li>\n\t\tAustralia Trimmed Mean CPI (YoY) Q4:&nbsp; 1.6% (est. 1.70%, prev. 1.70%)\n\t<\/li>\n<li>\n\t\tAustralia Trimmed Mean CPI (QoQ) Q4: 0.4% (est. 0.50%, prev. 0.40%)\n\t<\/li>\n<li>\n\t\tAustralia Weighted Median CPI (YoY) Q4: 1.5% (est. 1.40%, prev. 1.30%)\n\t<\/li>\n<li>\n\t\tAustralia Weighted Median CPI (QoQ) Q4: 0.4% (est. 0.50%, prev. 0.30%)\n\t<\/li>\n<li>\n\t\tJapanese Trade Balance (JPY) Dec: 641.4B (est. 281.1B, rev prev. 150.8B from 153.0B)\n\t<\/li>\n<li>\n\t\tJapanese Trade Balance Adjusted (JPY) Dec:&nbsp; 356.7B (est. 209.9B, rev prev. 466.1B from 536.1B)\n\t<\/li>\n<li>\n\t\tJapanese Exports (YoY) Dec: 5.4% (est. 1.10%, prev. -0.40%)\n\t<\/li>\n<li>\n\t\tJapanese Imports (YoY) Dec: -2.6% (est. -0.80%, prev. -8.80%)\n\t<\/li>\n<li>\n\t\tPBOC set USD\/CNY mid-point at 6.8596 (prev. fix 6.8331, prev close 6.8585)\n\t<\/li>\n<li>\n\t\tAsian stocks at three-month highs on U.S. cues, dollar rebounds for now &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil eases on rising U.S. inventory, market looks to EIA data &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tUS stock markets rallied yesterday and Asian markets followed them higher, as risk appetite increased slightly. US investors reacted positively to the latest measures by US President Trump, which includes moving forward with the construction of the Keystone XL and Dakota Access oil pipelines.\n<\/p>\n<p>\n\tThe Dollar&#39;s gains were limited however. In Asia, the currency consolidated against most other majors, with the only notable gain being against the Australian Dollar. The AUD came under pressure following softer than expected inflation data. The RBA is expected to remain neutral, but the weak figures have triggered some position covering from AUD longs.\n<\/p>\n<p>\n\tUSD\/JPY ran into strong resistance ahead of the 114 level and declined back to 113.40 overnight. Further losses seem likely. Support is seen at 112.50, followed by 111.30.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:00 GMT &#8211; German IFO Business Climate\n\t<\/li>\n<li>\n\t\t13:15 GMT &#8211; German Bundesbank President Weidmann speaks\n\t<\/li>\n<li>\n\t\t14:30 GMT &#8211; US Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t15:30 GMT &#8211; SNB Chairman Jordan speaks\n\t<\/li>\n<li>\n\t\t16:00 GMT &#8211; Bank of England Governor Carney speaks\n\t<\/li>\n<li>\n\t\t21:45 GMT &#8211; New Zealand CPI\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 1.10 %, Shanghai Composite gained 0.25 %, Hang Seng rose 0.10 %, ASX 200 rallied 0.35 % Commodities: Gold at $1205 (-0.45 %), Silver at $17.06 (-0.75 %), WTI Oil at $53.05 (-0.30 %), Brent Oil at $55.35 (-0.20 %) Rates: US 10-year yield at 2.46, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-25th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 25th 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-19733","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\/19733","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=19733"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19733\/revisions"}],"predecessor-version":[{"id":19734,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19733\/revisions\/19734"}],"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=19733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}