{"id":21736,"date":"2017-06-27T09:42:13","date_gmt":"2017-06-27T04:12:13","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=21736"},"modified":"2017-06-27T09:42:13","modified_gmt":"2017-06-27T04:12:13","slug":"tuesday-27th-june-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-27th-june-european-open-briefing\/","title":{"rendered":"Tuesday 27th June: 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 0.40 %, Shanghai Composite lost 0.10 %, Hang Seng rose 0.05 %, ASX 200 lost 0.20 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1245 (-0.10 %), Silver at $16.55 (-0.15 %), WTI Oil at $43.50 (+0.20 %), Brent Oil at $46.15 (+0.25 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.14, UK 10-year yield at 1.01, German 10-year yield at 0.25\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 Trade Balance m\/m NZ$103mln vs NZ$420mln expected\n\t<\/li>\n<li>\n\t\tNew Zealand Trade Balance y\/y -NZ$3.75bln vs -NZ$3.40bln expected\n\t<\/li>\n<li>\n\t\tNew Zealand Exports 4.95bln vs 4.93bln expected\n\t<\/li>\n<li>\n\t\tNew Zealand Imports 4.85bln vs 4.48bln expected\n\t<\/li>\n<li>\n\t\tAustralia ANZ Roy Morgan Weekly Consumer Confidence Index June 25: 111.8 (Prev 112.4)\n\t<\/li>\n<li>\n\t\tJapanese stocks edge towards two-year high, dollar supported before Yellen &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil little changed after three-day gain, supply glut weighs &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe focus overnight was on the USD\/JPY. The pair briefly broke above 112, although momentum waned quickly. Nevertheless, it is likely to retest the level again, and a clear break above would signal that the rally could extend to 113 in the near-term. This will also depend on the general risk sentiment in the markets. While US stocks came slightly under pressure, Asian stocks are mostly up on the day.\n<\/p>\n<p>\n\tEUR\/USD continues to consolidate around 1.12. There are no major European data releases until Thursday, so it could remain quiet until then. GBP\/USD reached a high of 1.2750, but political uncertainties are likely to keep the pair under pressure and prevent larger gains.\n<\/p>\n<p>\n\tAUD\/USD is struggling with the resistance between 0.76 and 0.7630, but has remained well bid overall. A clear break above 0.7630 would confirm that the short-term uptrend remains intact, and signal a move towards 0.7750.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:45 BST &#8211; French CPI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US CB Consumer Confidence\n\t<\/li>\n<\/ul>\n<ul>\n<li>\n\t\t15:00 BST &#8211; US Richmond Manufacturing Index\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.40 %, Shanghai Composite lost 0.10 %, Hang Seng rose 0.05 %, ASX 200 lost 0.20 % Commodities: Gold at $1245 (-0.10 %), Silver at $16.55 (-0.15 %), WTI Oil at $43.50 (+0.20 %), Brent Oil at $46.15 (+0.25 %) Rates: US 10-year yield at 2.14, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-27th-june-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 27th June: 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-21736","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\/21736","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=21736"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21736\/revisions"}],"predecessor-version":[{"id":21737,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21736\/revisions\/21737"}],"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=21736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=21736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=21736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}