{"id":20547,"date":"2017-03-28T09:35:22","date_gmt":"2017-03-28T04:05:22","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=20547"},"modified":"2017-03-28T09:35:22","modified_gmt":"2017-03-28T04:05:22","slug":"tuesday-28th-march-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-28th-march-european-open-briefing\/","title":{"rendered":"Tuesday 28th 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 1.10 %, Shanghai Composite fell 0.20 %, Hang Seng gained 0.70 %, ASX 200 rallied 1.15 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1254 (-0.15 %), Silver at $18.09 (-0.15 %), WTI Oil at $48.00 (+0.50 %), Brent Oil at $51.10 (+0.40 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.38, UK 10-year yield at 1.17, German 10-year yield at 0.40\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tSouth Korean GDP (QoQ) Q4 F: 0.50%(est 0.40%; prev 0.40%)\n\t<\/li>\n<li>\n\t\tSouth Korean GDP (YoY) Q4 F: 2.4% (est 2.3%; prev 2.3%)\n\t<\/li>\n<li>\n\t\tANZ Roy Morgan Weekly Consumer Confidence Index March 26: 113.8 (prev 112.0)\n\t<\/li>\n<li>\n\t\tPBoC Fixes USDCNY Reference Rate At 6.8782 (prev fix 6.8701 prev close 6.8767)\n\t<\/li>\n<li>\n\t\tFed&rsquo;s Kaplan: Inflation Continue to Move Towards 2%\n\t<\/li>\n<li>\n\t\tKaplan: Fed Would Be Wise to Move Gradually and Patiently\n\t<\/li>\n<li>\n\t\tStocks, dollar recover as markets try to move past Trump&#39;s policy stumble &#8211; RTRS\n\t<\/li>\n<li>\n\t\tWeaker dollar lifts oil futures, but soaring U.S. output weighs &#8211; RTRS\n\t<\/li>\n<li>\n\t\tInflation would have to be much stronger for four rate hikes in 2017: Fed&#39;s Evans &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tSentiment in the stock market improved slightly. US stock indices were able to reverse losses yesterday, and overnight, most of the Asian indices finished the day with a gain. While there still remains uncertainty around US President Trump&rsquo;s planned tax reform, the market seems to have confidence in it for now.\n<\/p>\n<p>\n\tThe Dollar recovered as well. EUR\/USD ran into heavy resistance above 1.09 and fell back to 1.0855 overnight. The outlook is positive from a technical perspective, but there is still plenty of resistance on the way to 1.10. Similar price action was seen in GBP\/USD, which struggled above 1.26. However, the next notable resistance level there lies at 1.27, near the 200 daily moving average.\n<\/p>\n<p>\n\tThe Australian Dollar has been consolidating in a rather tight range in the past three trading days. Should sentiment in the stock market pick up further, the currency could recover though. Support at 0.76 has held convincingly, and a break back above 0.7660 would signal that another test of 0.7750 could follow.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t15:00 GMT &#8211; US CB Consumer Confidence\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Richmond Manufacturing Index\n\t<\/li>\n<li>\n\t\t15:10 GMT &#8211; Bank of Canada Governor Poloz speaks\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 1.10 %, Shanghai Composite fell 0.20 %, Hang Seng gained 0.70 %, ASX 200 rallied 1.15 % Commodities: Gold at $1254 (-0.15 %), Silver at $18.09 (-0.15 %), WTI Oil at $48.00 (+0.50 %), Brent Oil at $51.10 (+0.40 %) Rates: US 10-year yield at 2.38, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-28th-march-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 28th 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-20547","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\/20547","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=20547"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20547\/revisions"}],"predecessor-version":[{"id":20548,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20547\/revisions\/20548"}],"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=20547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=20547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=20547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}