{"id":22802,"date":"2017-09-08T11:10:30","date_gmt":"2017-09-08T05:40:30","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=22802"},"modified":"2017-09-08T11:11:56","modified_gmt":"2017-09-08T05:41:56","slug":"friday-8th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-8th-september-european-open-briefing\/","title":{"rendered":"Friday 8th September: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei lost 0.51 %, Shanghai Composite gained 0.22 %, Hang Seng rose 0.62 %, ASX 200 fell 0.41 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1360.76 (+0.77 %), Silver at $18.27 (+0.86 %), WTI Oil at $49.23 (+0.29 %), Brent Oil at $54.76 (+0.50%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.03, UK 10-year yield at 0.975, German 10-year yield at 0.301<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">CNY Trade Balance <strong>287 B vs 337 B expected<\/strong><\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">AUD Home Loans m\/m <strong>2.9 % vs 1.0 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">GBP Halifax HPI m\/m <strong>1.1 % vs 0.2 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">EUR Minimum Bid Rate <strong>0.00 % vs 0.00 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CAD Building Permits m\/m <strong>-3.5 % vs -1.5 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">USD Unemployment Claims <strong>298 K vs 245 K<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CAD Ivey PMI <strong>56.3 vs 61.3<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">USD Crude Oil Inventories <strong>4.6 M vs 4.1 M<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">JPY Final GDP q\/q <strong>0.6 % vs 0.7 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil mixed, Brent rises as Irma casts shadow over Harvey recovery- RTRS<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian equity markets were mixed early on Friday, supported by solid Chinese trade data, while the dollar posted broad losses after European Central Bank chief Mario Draghi suggested the central bank may begin tapering its massive stimulus programme this autumn.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY is currently seen trading below 107.70. The US dollar continued to lose value as it fell over 2 percent this week against the Yen, moving back below a 10-month low of 108.05 touched earlier this week. &nbsp;The Yen continued to rally on global cues in spite of the Japanese GDP for Q2 was revised lower for its &#39;final&#39;, 0.6 % against the expected 0.7 %<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD is currently seen trading over 1.2080 leaping to its highest since January of 2015, gaining over 1.7 percent for the week. The dollar tumbled to its weakest levels since the start of 2015 as investors girded for potential economic damage to Florida from the historically powerful Hurricane Irma. The euro gained momentum after the European Central Bank stopped short of attempting to jawbone it lower.&nbsp;<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Australian dollar climbed to trade at over 81.10 U.S. cents following a 0.8 percent increase against the US Dollar. Australian home loans data came in positive at 2.9 % against the expected 1.0 %. Likewise, the New Zealand dollar rallied against the US dollar reaching highs of over 0.7330, gaining over 100 pips for the day.<\/span>\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (AUD) RBA Gov Lowe Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) Manufacturing Production m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) Goods Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:45 GMT &ndash; (USD) FOMC Member Harker Speaks<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei lost 0.51 %, Shanghai Composite gained 0.22 %, Hang Seng rose 0.62 %, ASX 200 fell 0.41 % Commodities: Gold at $1360.76 (+0.77 %), Silver at $18.27 (+0.86 %), WTI Oil at $49.23 (+0.29 %), Brent Oil at $54.76 (+0.50%) Rates: US 10-year yield at 2.03, UK 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-8th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 8th 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-22802","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\/22802","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=22802"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22802\/revisions"}],"predecessor-version":[{"id":22804,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22802\/revisions\/22804"}],"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=22802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=22802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=22802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}