{"id":20217,"date":"2017-03-02T10:00:28","date_gmt":"2017-03-02T04:30:28","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=20217"},"modified":"2017-03-02T10:00:28","modified_gmt":"2017-03-02T04:30:28","slug":"thursday-2nd-march-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-2nd-march-european-open-briefing\/","title":{"rendered":"Thursday 2nd March: 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 0.95 %, Shanghai Composite gained 0.05 %, Hang Seng rose 0.30 %, ASX 200 rallied 1.20 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1247 (-0.25 %), Silver at $18.43 (-0.35 %), WTI Oil at $53.70 (-0.20 %), Brent Oil at $56.30 (-0.10 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.46, UK 10-year yield at 1.19, German 10-year yield at 0.28\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia Trade Balance Jan: AU$ 1.3bn (Prior 3.511b)\n\t<\/li>\n<li>\n\t\tAustralia Exports Jan (MoM): -3% (Prior 5%)\n\t<\/li>\n<li>\n\t\tAustralian Imports Jan (MoM): 4% (Prior 1%)\n\t<\/li>\n<li>\n\t\tAustralia Building Approvals Jan (MoM): 1.8% (Prior -1.20%)\n\t<\/li>\n<li>\n\t\tAustralia Building Approvals Jan (YoY): -12.0% (Prior -11.40%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes USDCNY Reference Rate At 6.8809 (prev fix 6.8798)\n\t<\/li>\n<li>\n\t\tFed&#39;s Kaplan: If inflation heats up, Fed would have to raise rates more dramatically\n\t<\/li>\n<li>\n\t\tFed&#39;s Brainard: Rate hike will likely be appropriate soon\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar strengthened across the board, as the market is increasingly expecting a rate hike by the Fed this month. Comments made by FOMC members during the past few days have been quite hawkish, and the market saw this as signal that the central bank may hike rates earlier than expected. A few weeks ago, most participants did not expect to see a hike until June.\n<\/p>\n<p>\n\tThe largest moves have been seen in USD\/JPY and USD\/CAD. USD\/JPY rallied from 111.60 to 114.15, and a test of 115.50 resistance seems likely in the near-term. USD\/CAD is also looking increasingly bullish. Following the break above 1.3210, there is not much resistance until 1.3385. Should that resistance be cleared as well, the pair could test 1.36 again soon.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t06:45 GMT &#8211; Swiss GDP\n\t<\/li>\n<li>\n\t\t08:15 GMT &#8211; Swiss Retail Sales\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Construction PMI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone CPI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Unemployment Rate\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian GDP\n\t<\/li>\n<li>\n\t\t23:30 GMT &#8211; Japanese CPI\n\t<\/li>\n<li>\n\t\t23:30 GMT &#8211; Japanese Household Spending\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.95 %, Shanghai Composite gained 0.05 %, Hang Seng rose 0.30 %, ASX 200 rallied 1.20 % Commodities: Gold at $1247 (-0.25 %), Silver at $18.43 (-0.35 %), WTI Oil at $53.70 (-0.20 %), Brent Oil at $56.30 (-0.10 %) Rates: US 10-year yield at 2.46, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-2nd-march-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 2nd March: 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-20217","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\/20217","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=20217"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20217\/revisions"}],"predecessor-version":[{"id":20218,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20217\/revisions\/20218"}],"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=20217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=20217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=20217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}