{"id":22816,"date":"2017-09-11T10:22:36","date_gmt":"2017-09-11T04:52:36","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=22816"},"modified":"2017-09-11T10:22:36","modified_gmt":"2017-09-11T04:52:36","slug":"monday-11th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-11th-september-european-open-briefing\/","title":{"rendered":"Monday 11th September: European Open Briefing"},"content":{"rendered":"<h4>\n\t&nbsp;<br \/>\n<\/h4>\n<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 up 1.39 %, Shanghai Composite rose 0.13 %, Hang Seng gained 0.97 %, ASX 200 rose 0.77 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1342.02 (-0.68 %), Silver at $17.93 (-1.03 %), WTI Oil at $47.87 (+0.82 %), Brent Oil at $54.03 (+0.46 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.08, UK 10-year yield at 0.990, German 10-year yield at 0.309<\/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;\">(JPY) Tertiary Industry Activity m\/m <strong>0.1 % vs 0.1 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) CPI y\/y <strong>1.8 % vs 1.7 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) PPI y\/y <strong>6.3 % vs 5.7 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Manufacturing Production m\/m <strong>0.5 % vs 0.3 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Goods Trade Balance <strong>-11.6 B vs -11.9 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Employment Change <strong>22.2 K vs 17.8 K<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Unemployment Rate <strong>6.2 % vs 6.3 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil edges up as Saudis discuss extending supply cut- RTRS<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>CFTC Positioning Data<\/strong><span style=\"font-size:14px;\"><strong>:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">EUR long 96K vs 87K long last week. Longs increased by 9K<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">GBP short 54K vs 52K short last week. Shorts increased 2K<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">JPY short 73K vs 69K short last week. Shorts increased by 4K<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CHF short 2K vs 2K short last week. Unchanged from prior week.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CAD long 54K vs 53K long. Longs increased by 1K.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">AUD long 65k vs 67k last week. &nbsp;Longs trimmed by 2K<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">NZD long 15K vs 19K long last week. Longs trimmed by 4K<\/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 rose on Monday as investors piled into risk assets as hurricane Irma&rsquo;s force waned and the United Nations prepared to vote on tougher North Korean sanctions. Markets also digested headlines concerning developments out of the People&#39;s Bank of China and European Central Bank announced at the weekend.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY opened up around 50 pips early on Monday. The pair did not fill the gap after finding buyers around 108.15 and is currently seen trading around 108.40 as the Yen lost 0.5 percent against the US Dollar. Similar to the USDJPY all Yen crosses opened higher in very early trade. &nbsp;There had been heightened concerns over a North Korean missile test on the weekend, a test which did not eventuate resulting in a lower Yen<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD is currently seen trading around 1.2010 as the EUR slipped a little losing 0.2 percent against the US Dollar. The Euro had hit a top of $1.2092 on Friday amid speculation the European Central Bank was closer to starting a wind-back of its stimulus program. The&nbsp;dollar index, which tracks the dollar against a basket of currencies rose 0.2 percent and is currently valued at 91.53<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD is currently seen Trading at 0.8046 as the Australian Dollar lost 0.2 percent against the USD. From a technical perspective, the 0.8100 handle suffered multiple attacks in early trading, but managed to hold ground and eventually push lower.&nbsp; Similar to the Aussie, the New Zealand Dollar has net lost some ground against the USD after having small ranges and is currently seen trading at 0.72443<\/span>\n<\/p>\n<h4>\n\t<strong>Upcoming Events<\/strong><span style=\"font-size:14px;\"><strong>:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">06:00 GMT &ndash; (JPY) Prelim Machine Tool Orders y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 GMT &ndash; (EUR) ECB&#39;s Coeure Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 GMT &ndash; (EUR) Italian Industrial Production m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:15 GMT &ndash; (CAD) Housing Starts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:00 GMT &ndash; (RUB) GDP y\/y<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>\u200bThe Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\"><u>Tuesday, September 12th<\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 GMT &ndash; (AUD) NAB Business Confidence<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) PPI Input m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) RPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (USD) JOLTS Job Openings<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<u style=\"font-size: 14px;\">Wednesday, September 13th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">07:15 GMT &ndash; (CHF) PPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) Average Earnings Index 3m\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) Claimant Count Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) PPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Core PPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (AUD) RBA Assist Gov Debelle Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<u style=\"font-size: 14px;\">Thursday, September 14th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 GMT &ndash; (AUD) Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 GMT &ndash; (AUD) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 GMT &ndash; (CNY) Industrial Production y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 GMT &ndash; (CNY) Fixed Asset Investment ytd\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:30 GMT &ndash; (CHF) Libor Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:30 GMT &ndash; (CHF) SNB Monetary Policy Assessment<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:00GMT &ndash; (GBP) MPC Official Bank Rate Votes<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:00GMT &ndash; (GBP) Monetary Policy Summary<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:00GMT &ndash; (GBP) Official Bank Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Core CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Unemployment Claims<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:30 GMT &ndash; (EUR) German Buba President Weidmann Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">22:30 GMT &ndash; (NZD) Business NZ Manufacturing Index<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<u style=\"font-size: 14px;\">Friday, September 15<sup>th<\/sup><\/u>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">08:50 GMT &ndash; (GBP) MPC Member Vlieghe Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Core Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Empire State Manufacturing Index<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:15 GMT &ndash; (USD) Capacity Utilization Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:15 GMT &ndash; (USD) Industrial Production m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (USD) Prelim UoM Consumer Sentiment<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Global Markets: Asian stock markets: Nikkei up 1.39 %, Shanghai Composite rose 0.13 %, Hang Seng gained 0.97 %, ASX 200 rose 0.77 % Commodities: Gold at $1342.02 (-0.68 %), Silver at $17.93 (-1.03 %), WTI Oil at $47.87 (+0.82 %), Brent Oil at $54.03 (+0.46 %) Rates: US 10-year yield at 2.08, UK &hellip; 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