{"id":19747,"date":"2017-01-26T11:10:27","date_gmt":"2017-01-26T05:40:27","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19747"},"modified":"2017-01-26T11:10:27","modified_gmt":"2017-01-26T05:40:27","slug":"thursday-26th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-26th-january-european-open-briefing\/","title":{"rendered":"Thursday 26th 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 gained 1.60 %, Shanghai Composite rose 0.15 %, Hang Seng gained 1.40 %, ASX 200 closed for holiday\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1198 (+0.05 %), Silver at $16.95 (-0.20 %), WTI Oil at $53.20 (+0.90 %), Brent Oil at $55.55 (+0.90 %)\n\t<\/li>\n<\/ul>\n<ul>\n<li>\n\t\tRates: US 10 year yield at 2.53, UK 10 year yield at 1.47, German 10 year yield at 0.47\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tNew Zealand CPI (YoY) Q4: 1\/3% (est. 1.2%, prev. 0.4%)\n\t<\/li>\n<li>\n\t\tNew Zealand CPI (QoQ) Q4: 0.4% (est. 0.3%, prev. 0.3%)\n\t<\/li>\n<li>\n\t\tJapan Services PPI (YoY) Dec: 0.4 % (est 0.3%, prev 0.3%)\n\t<\/li>\n<li>\n\t\tChina Industrial Profits (YoY) Dec: 2.3% (prev. 14.50%); CNY 844.4bln\n\t<\/li>\n<\/ul>\n<ul>\n<li>\n\t\tPBOC sets USD\/CNY mid-point at 6.8588 (prev. fix 6.8596, prev close 6.8818)\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe New Zealand Dollar rallied against most other major currencies overnight, following stronger than expected inflation data. New Zealand&rsquo;s central bank will decide on interest rates in exactly two weeks, but is expected to leave the main rate unchanged. NZD\/USD rallied from 0.7250 to 0.7310 following the inflation data release and consolidated in a 0.7280-0.7310 range for the rest of the session. Resistance is now seen at 0.74.\n<\/p>\n<p>\n\tThe Dollar remained weak in Asia. EUR\/USD rose from 1.0745 to 1.0765, while GBP\/USD extended gains to 1.2665. USD\/JPY traded in a 113.05-45 range, and it is likely it will test 112.50 support again soon.\n<\/p>\n<p>\n\tAsian stock markets rallied strongly, inspired by gains in the US markets, where the Dow Jones Index closed at a fresh record high. This put precious metals under pressure, with Gold declining back below $1200.&nbsp; Support is now seen at $1190, and a break below could signal that a deeper retracement lies ahead.\n<\/p>\n<p>\n\tThe main event today will be the release of UK GDP data, expected at 0.5 % q\/q and 2.1 % y\/y.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:30 GMT &#8211; UK GDP\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t14:45 GMT &#8211; US Services PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US New Home Sales\n\t<\/li>\n<\/ul>\n<ul>\n<li>\n\t\t23:30 GMT &#8211; Japanese CPI\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei gained 1.60 %, Shanghai Composite rose 0.15 %, Hang Seng gained 1.40 %, ASX 200 closed for holiday Commodities: Gold at $1198 (+0.05 %), Silver at $16.95 (-0.20 %), WTI Oil at $53.20 (+0.90 %), Brent Oil at $55.55 (+0.90 %) Rates: US 10 year yield at 2.53, UK &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-26th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 26th 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-19747","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\/19747","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=19747"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19747\/revisions"}],"predecessor-version":[{"id":19748,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19747\/revisions\/19748"}],"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=19747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}