{"id":22758,"date":"2017-09-06T11:07:16","date_gmt":"2017-09-06T05:37:16","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=22758"},"modified":"2017-09-06T11:07:16","modified_gmt":"2017-09-06T05:37:16","slug":"wednesday-6th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-6th-september-european-open-briefing\/","title":{"rendered":"Wednesday 6th September: European Open Briefing"},"content":{"rendered":"<h4>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei lost 0.15 %, Shanghai Composite down 0.04 %, Hang Seng down 0.86 %, ASX 200 fell 0.45 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1343.91 (-0.05 %), Silver at $17.98 (+0.21 %), WTI Oil at $48.59 (-0.14 %), Brent Oil at $53.20 (-0.36%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.07, UK 10-year yield at 1.01, German 10-year yield at 0.32<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<strong style=\"font-size: 14px;\">News &amp; Data:<\/strong>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">AUD GDF q\/q <strong>0.8 % vs 0.8 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">JPY Average Cash Earnings <strong>-0.3 % vs 0.5 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CHF CPI m\/m <strong>0.0 % vs -0.3 %<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">GBP Services PMI <strong>53.2 vs 53.5<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">USD Factory Orders m\/m <strong>-3.3 % vs 0.3 % <\/strong>expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">NZD GDT Price Index <strong>0.3 % vs 0.3<\/strong> % expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Fed policymakers signal caution on inflation, rate hikes- RTRS<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size: 14px;\">Asian equity markets declined on Wednesday, following the fall on wall street. Overnight the U.S. stocks slipped while Treasuries rallied the most in 10 months as&nbsp;tensions with North Korea mounted and another Atlantic hurricane threatened to make landfall.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY was seen trading down around 108.50 in pre-Tokyo session as the US Dollar continued to lose against the Yen. The dollar lost 0.9 percent overnight, its biggest one-day drop in three months. But as Tokyo became more active it recovered to 108.80 and is mid-range at the moment trading around 180,70. The Average Cash earnings had slid down to -0.3 % from 0.4 %.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">EURUSD is currently seen trading at 1.1914 as the Euro increased 0.2 percent against the US Dollar. The dollar suffered after Federal Reserve Governor Lael Brainard said on Tuesday inflation was &ldquo;well short&rdquo; of targetThe&nbsp;<\/span>dollar index<span style=\"font-size: 14px;\">, which tracks the dollar against a basket of currencies, was little changed at 92.32<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD rallied higher early on Wednesday reaching highs of around 0.8020 ahead of the GDP release, however the Aussie lost most of it gains and fell to trade below 0.8 after the release of GDP data and is currently seen trading around 0.7990. NZDUSD followed a similar patter, the kiwi was seen trading higher reaching highs of 0.7260 early in its morning and then turning lower currently seen trading below 0.7230 against the US Dollar.<\/span>\n<\/p>\n<h4>\n\t<strong style=\"font-size: 14px;\">Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Labor Productivity q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (CAD) BOC Rate Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (CAD) Overnight Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (USD) ISM Non-Manufacturing PMI<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei lost 0.15 %, Shanghai Composite down 0.04 %, Hang Seng down 0.86 %, ASX 200 fell 0.45 % Commodities: Gold at $1343.91 (-0.05 %), Silver at $17.98 (+0.21 %), WTI Oil at $48.59 (-0.14 %), Brent Oil at $53.20 (-0.36%) Rates: US 10-year yield at 2.07, UK 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-6th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 6th September: 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-22758","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\/22758","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=22758"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22758\/revisions"}],"predecessor-version":[{"id":22759,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22758\/revisions\/22759"}],"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=22758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=22758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=22758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}