{"id":20687,"date":"2017-04-07T09:51:53","date_gmt":"2017-04-07T04:21:53","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=20687"},"modified":"2017-04-07T09:51:53","modified_gmt":"2017-04-07T04:21:53","slug":"friday-7th-april-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-7th-april-european-open-briefing\/","title":{"rendered":"Friday 7th April: European Open Briefing"},"content":{"rendered":"<h4 dir=\"ltr\">\n\t<strong><span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">Global Markets:<\/span><\/strong><br \/>\n<\/h4>\n<ul style=\"list-style-type:disc;\">\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">Asian stock markets: Nikkei up 0.60 %, Shanghai Composite gained 0.25 %, Hang Seng fell 0.70 %, ASX 200 declined 0.15 %<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">Commodities: Gold at $1264 (+0.85 %), Silver at $18.39 (+0.80 %), WTI Oil at $52.50 (+1.60 %), Brent Oil at $55.65 (+1.40 %)<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">Rates: US 10-year yield at 2.32, UK 10-year yield at 1.10, German 10-year yield at 0.26<\/span>\n\t\t<\/p>\n<\/li>\n<\/ul>\n<h4>\n\t<strong><span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">News &amp; Data:<\/span><\/strong><br \/>\n<\/h4>\n<ul style=\"list-style-type:disc;\">\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">Australian AIG Construction Index Mar: 51.2 (prev 53.1)<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">PBoC Fixes USDCNY Reference Rate At 6.8949 (prev fix 6.8930 prev close 6.8980)<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">Stocks skid, safe-haven assets jump as U.S. missiles strike Syria &#8211; RTRS<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">Oil prices jump 2 percent after U.S. launches missile strike in Syria &#8211; RTRS<\/span>\n\t\t<\/p>\n<\/li>\n<\/ul>\n<h4>\n\t<strong><span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">Markets Update:<\/span><\/strong><br \/>\n<\/h4>\n<p dir=\"ltr\">\n\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">It was a risk-off session in Asia after the US announced that it launched missile strikes in Syria. While the reaction in FX was muted, Gold jumped above 1263 resistance and Oil prices rallied more than 2 percent. Gold reached a high of almost 1270, but reversed some of the gains later in the session. Support is now seen at 1260 and 1252.<\/span>\n<\/p>\n<p>\n\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">The FX market remained calm. Traders are waiting for the US employment data today, and are not willing to take much risk ahead of it. The market is anticipating a slightly higher NFP number following the solid ADP figure on Wednesday. Nevertheless, the Dollar remains under pressure against the Yen, as the currency is benefiting from the risk aversion.<\/span>\n<\/p>\n<h4>\n\t<strong><span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">Upcoming Events:<\/span><\/strong><br \/>\n<\/h4>\n<ul style=\"list-style-type:disc;\">\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">06:45 GMT &#8211; Swiss Unemployment Rate<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">07:00 GMT &#8211; German Trade Balance<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">07:00 GMT &#8211; German Industrial Production<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">07:45 GMT &#8211; French Trade Balance<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">08:30 GMT &#8211; UK Halifax House Price Index<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">09:30 GMT &#8211; UK Industrial Production<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">09:30 GMT &#8211; UK Manufacturing Production<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">09:30 GMT &#8211; UK Trade Balance<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">10:00 GMT &#8211; Bank of England Governor Carney speaks<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">13:30 GMT &#8211; US NFP<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">13:30 GMT &#8211; US Unemployment Rate<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">13:30 GMT &#8211; US Average Hourly Earnings<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">13:30 GMT &#8211; Canadian Unemployment Rate<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">13:30 GMT &#8211; Canadian Employment Change<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">15:00 GMT &#8211; Canadian Ivey PMI<\/span>\n\t\t<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">\n\t\t\t<span id=\"docs-internal-guid-3ebc0252-46a4-535f-bd40-81af424a0d99\">15:00 GMT &#8211; Bank of Canada Governor Poloz speaks<\/span>\n\t\t<\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.60 %, Shanghai Composite gained 0.25 %, Hang Seng fell 0.70 %, ASX 200 declined 0.15 % Commodities: Gold at $1264 (+0.85 %), Silver at $18.39 (+0.80 %), WTI Oil at $52.50 (+1.60 %), Brent Oil at $55.65 (+1.40 %) Rates: US 10-year yield at 2.32, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-7th-april-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 7th April: 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-20687","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\/20687","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=20687"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20687\/revisions"}],"predecessor-version":[{"id":20688,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20687\/revisions\/20688"}],"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=20687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=20687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=20687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}