{"id":21790,"date":"2017-06-30T10:20:36","date_gmt":"2017-06-30T04:50:36","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=21790"},"modified":"2017-06-30T10:20:36","modified_gmt":"2017-06-30T04:50:36","slug":"friday-30th-june-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-30th-june-european-open-briefing\/","title":{"rendered":"Friday 30th 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 down 1.20 %, Shanghai Composite fell 0.20 %, Hang Seng lost 0.95 %, ASX 200 declined 1.50 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1247 (+0.15 %), Silver at $16.65 (+0.35 %), WTI Oil at $45.20 (+0.60 %), Brent Oil at $47.90 (+0.60 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.28, UK 10-year yield at 1.25, German 10-year yield at 0.44\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tChina Manufacturing PMI 51.7 vs 51.0 expected\n\t<\/li>\n<li>\n\t\tChina Non-Manufacturing PMI 54.9 vs 54.5 previous\n\t<\/li>\n<li>\n\t\tAustralia Housing Credit 0.6 % vs 0.5 % previous\n\t<\/li>\n<li>\n\t\tAustralia Private Sector Credit 0.4 % vs 0.4 % expected\n\t<\/li>\n<li>\n\t\tJapan Unemployment Rate 3.1 % vs 2.8 % expected\n\t<\/li>\n<li>\n\t\tJapan Industrial Production -3.3 % vs -3.2 % expected\n\t<\/li>\n<li>\n\t\tJapan CPI 0.4 % vs 0.5 % expected\n\t<\/li>\n<li>\n\t\tJapan Household Spending 0.7 % vs 0.2 % expected\n\t<\/li>\n<li>\n\t\tNew Zealand Building Consents 7.0 % vs -7.4 % previous\n\t<\/li>\n<li>\n\t\tDollar sulky on hawkish central banks, Asia stocks join global slump &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<div>\n\tThe Dollar weakness continues. EUR\/USD rose to 1.1445 overnight, while GBP\/USD is slowly approaching 1.3050 resistance. Meanwhile, USD\/JPY came under pressure and declined to 111.70 in Asia. It was not just broad USD weakness that brought the pair under pressure. A decline in global equity markets added to the negative sentiment. Support is seen at 111.50, followed by 111.&nbsp;\n<\/div>\n<div>\n\t&nbsp;\n<\/div>\n<div>\n\tAUD\/USD broke above 0.77 resistance, but momentum slowed down in Asia. Nevertheless, the outlook remains positive and the pair is likely to test 0.7780 resistance soon.&nbsp;\n<\/div>\n<div>\n\t&nbsp;\n<\/div>\n<div>\n\tUSD\/CAD is not getting any rest. It declined to 1.2970 in Asia and is down 350 pips in the past seven trading days. USD\/CAD looks heavily oversold in the short-term, and it is likely that we will see a bounce before the downtrend continues. Resistance is noted at 1.3030 and strong at 1.3130\/40. Today at 13:30 BST, Canada will publish its GDP numbers, which should lead to decent volatility in the CAD pairs.\n<\/div>\n<div>\n\t&nbsp;\n<\/div>\n<div>\n\t<strong>Upcoming Events:<\/strong>\n<\/div>\n<div>\n\t&nbsp;\n<\/div>\n<div>\n\t07:00 BST &#8211; German Retail Sales\n<\/div>\n<div>\n\t08:55 BST &#8211; German Unemployment Rate\n<\/div>\n<div>\n\t09:30 BST &#8211; UK GDP\n<\/div>\n<div>\n\t10:00 BST &#8211; Euro Zone CPI\n<\/div>\n<div>\n\t13:30 BST &#8211; Canadian GDP\n<\/div>\n<div>\n\t13:30 BST &#8211; US Personal Income\n<\/div>\n<div>\n\t13:30 BST &#8211; US Personal Spending\n<\/div>\n<div>\n\t14:45 BST &#8211; US Chicago PMI\n<\/div>\n<div>\n\t15:00 BST &#8211; US Michigan Consumer Sentiment\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 1.20 %, Shanghai Composite fell 0.20 %, Hang Seng lost 0.95 %, ASX 200 declined 1.50 % Commodities: Gold at $1247 (+0.15 %), Silver at $16.65 (+0.35 %), WTI Oil at $45.20 (+0.60 %), Brent Oil at $47.90 (+0.60 %) Rates: US 10-year yield at 2.28, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-30th-june-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 30th 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-21790","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\/21790","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=21790"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21790\/revisions"}],"predecessor-version":[{"id":21791,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21790\/revisions\/21791"}],"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=21790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=21790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=21790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}