{"id":21972,"date":"2017-07-14T10:42:06","date_gmt":"2017-07-14T05:12:06","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=21972"},"modified":"2017-07-14T10:42:06","modified_gmt":"2017-07-14T05:12:06","slug":"friday-14th-july-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-14th-july-european-open-briefing\/","title":{"rendered":"Friday 14th July: 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 0.10%, Shanghai Composite lost 0.10%, Hang Seng gained 0.15%, ASX 200 rose 0.30%\n\t<\/li>\n<li>\n\t\tCommodities: WTI Oil at $46 (0.20%), Brent Oil at $48.35 (0.20%), Gold at $1216 (-0.20%), Gold at $1216 (-0.10%), Silver at $15.60 (-0.40%)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.36, UK 10 year yield at 1.30, German 10 year yield at 0.60\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan Capacity Utilization (M\/M) May: -4.10% (Prev 4.30%)\n\t<\/li>\n<li>\n\t\tJapan Industrial Production (M\/M) May F: -3.60% (Prev -3.30%)\n\t<\/li>\n<li>\n\t\tJapan Industrial Production (Y\/Y) May F: 6.50% (Prev 6.80%)\n\t<\/li>\n<li>\n\t\tNew Zealand Business Manufacturing PMI: 56.2 (Rev Prev 58.2)\n\t<\/li>\n<li>\n\t\tPBoC Fixes USDCNY Reference Rate At 6.7774 (Prev 6.7802)\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tMarkets remained relatively quiet ahead of today&#39;s US CPI release. Recent US inflation data has been rather weak, so today&#39;s numbers will be important and could determine the short-term direction of the US Dollar.&nbsp;\n<\/p>\n<p>\n\tCommodity currencies are performing well. The Australian Dollar broke above a major resistance level at 0.7730, which signals that it could test 0.7850 soon. The New Zealand Dollar also caught a bid and rallied back above 0.73. Meanwhile, a rise in oil prices is giving the Canadian Dollar additional support. USDCAD is moving back towards 1.27. The charts suggest the pair could test 1.25 in the near-term.&nbsp;\n<\/p>\n<p>\n\tEURUSD retraced a bit yesterday, but demand below 1.14 proved to be strong. Further gains are likely. Should US data disappoint today, the Euro should have no difficulties clearing the resistance at 1.15.&nbsp;\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span data-term=\"goog_871040074\" tabindex=\"0\">10:00 BST<\/span>&nbsp;&#8211; Euro Zone Trade Balance\n\t<\/li>\n<li>\n\t\t<span data-term=\"goog_871040075\" tabindex=\"0\">13:30 BST<\/span>&nbsp;&#8211; US CPI\n\t<\/li>\n<li>\n\t\t<span data-term=\"goog_871040076\" tabindex=\"0\">13:30 BST<\/span>&nbsp;&#8211; US Retail Sales\n\t<\/li>\n<li>\n\t\t<span data-term=\"goog_871040077\" tabindex=\"0\">14:15 BST<\/span>&nbsp;&#8211; US Industrial Production\n\t<\/li>\n<li>\n\t\t<span data-term=\"goog_871040078\" tabindex=\"0\">15:00 BST<\/span>&nbsp;&#8211; US Michigan Consumer Sentiment\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.10%, Shanghai Composite lost 0.10%, Hang Seng gained 0.15%, ASX 200 rose 0.30% Commodities: WTI Oil at $46 (0.20%), Brent Oil at $48.35 (0.20%), Gold at $1216 (-0.20%), Gold at $1216 (-0.10%), Silver at $15.60 (-0.40%) Rates: US 10 year yield at 2.36, UK 10 year yield at &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-14th-july-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 14th July: 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-21972","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\/21972","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=21972"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21972\/revisions"}],"predecessor-version":[{"id":21973,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21972\/revisions\/21973"}],"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=21972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=21972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=21972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}