{"id":22141,"date":"2017-07-28T10:26:23","date_gmt":"2017-07-28T04:56:23","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=22141"},"modified":"2017-07-30T23:22:18","modified_gmt":"2017-07-30T17:52:18","slug":"friday-28th-july-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-28th-july-european-open-briefing\/","title":{"rendered":"Friday 28th 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 down 0.70 %, Shanghai Composite fell 0.05 %, Hang Seng declined 0.60 %, ASX 200 lost 1.50 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1258 (-0.15 %), Silver at $16.50 (-0.40 %), WTI Oil at $48.90 (-0.30 %), Brent Oil at $51.35 (-0.30 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.30, UK 10-year yield at 1.20, German 10-year yield at 0.53\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia PPI q\/q 0.5 % vs 0.6 % expected\n\t<\/li>\n<li>\n\t\tAustralia PPI y\/y 1.7 % vs 1.3 % previous\n\t<\/li>\n<li>\n\t\tJapan CPI 0.4 % vs 0.4 % expected\n\t<\/li>\n<li>\n\t\tJapan Unemployment Rate 2.8 % vs 3.0 % expected\n\t<\/li>\n<li>\n\t\tJapan Retail Sales y\/y 2.1 % vs 2.3 % expected\n\t<\/li>\n<li>\n\t\tJapan Household Spending m\/m 1.5 % vs -0.1 % expected\n\t<\/li>\n<li>\n\t\tJapan Household Spending y\/y 2.3 % vs 0.6 % expected\n\t<\/li>\n<li>\n\t\tAsian shares pull back after U.S. techs knocked off highs &ndash; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar recovered overnight against most other major currency pairs. Risk appetite decreased, with stocks declining and the Japanese Yen catching a bid.\n<\/p>\n<p>\n\tThe focus of traders was on the Swiss Franc. The CHF pairs had a large move in the Asian session, with no fundamental reason behind it. USD\/CHF rallied to a high of 0.9720, while EUR\/CHF made it to 1.1360. There were rumours of the SNB being active in the market earlier this week.\n<\/p>\n<p>\n\tEUR\/USD consolidated in a 1.1670-90 range overnight. Key support is now seen at 1.1620, where the pair should run into decent demand. Meanwhile, GBP\/USD failed to sustain momentum above 1.31 and reached a low of 1.3060 overnight.\n<\/p>\n<p>\n\tUSD\/JPY suffered from the risk-off sentiment and fell to 110.90. Support is seen at 110.80 and 110.20, while resistance lies at 111.30 and 111.70.\n<\/p>\n<p>\n\tThe commodity currencies declined as well. AUD\/USD reached a low of 0.7950. While the outlook remains positive, the pair is somewhat overbought in the short-term and could see another test of 0.79 soon.\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\t10:00 BST &#8211; Euro Zone Consumer Confidence\n\t<\/li>\n<li>\n\t\t13:00 BST &#8211; German CPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US GDP\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian GDP\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Michigan Consumer Sentiment\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.70 %, Shanghai Composite fell 0.05 %, Hang Seng declined 0.60 %, ASX 200 lost 1.50 % Commodities: Gold at $1258 (-0.15 %), Silver at $16.50 (-0.40 %), WTI Oil at $48.90 (-0.30 %), Brent Oil at $51.35 (-0.30 %) Rates: US 10-year yield at 2.30, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-28th-july-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 28th 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-22141","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\/22141","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=22141"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22141\/revisions"}],"predecessor-version":[{"id":22142,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22141\/revisions\/22142"}],"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=22141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=22141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=22141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}