{"id":22835,"date":"2017-09-12T10:39:51","date_gmt":"2017-09-12T05:09:51","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=22835"},"modified":"2017-09-12T10:39:51","modified_gmt":"2017-09-12T05:09:51","slug":"tuesday-12th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-12th-september-european-open-briefing\/","title":{"rendered":"Tuesday 12th 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 rose 1.12% %, Shanghai Composite gained 0.10 %, Hang Seng fell 0.08 %, ASX 200 climbed 0.60 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1328.77 (-0.52 %), Silver at $17.81 (-0.47 %), WTI Oil at $48.01 (-0.12 %), Brent Oil at $53.76 (-0.15%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.13, UK 10-year yield at 1.04, German 10-year yield at 0.335<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data<\/strong><strong style=\"font-size: 14px;\">:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) NAB Business Confidence 5 vs 12 previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) Prelim Machine Tool Orders y\/y 36.3 % vs 28.0 % previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Italian Industrial Production m\/m 0.1 % vs -0.5 % expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Housing Starts 223 K vs 216 K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">UN Security Council Votes To Increase Sanctions On North Korea<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil prices dip as traders assess U.S. hurricane impact- 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;\">Following a firm lead on Wall Street, further upside was seen in Asian equity markets as Hurricane Irma and North Korea concerns wane. The Nikkei rose 1 percent, shadowed closely by the Kospi gaining .22% with the Shanghai Composite trading higher by .10%. Meanwhile, the Hang Seng Index declined .08%.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USD\/JPY action is little changed on the session. To the upside, resistance stands at 109.50 with support not expected to appear until the unit taps the 109 handle.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">EUR\/USD also effectively unchanged on the session. Current support positioned at 1.1950 with the candles showing signs of weakening here. The next downside target in view is September&rsquo;s monthly opening level at 1.1913, followed closely by the 1.19 handle. Technically speaking, downside is favored in this market right now given the upbeat dollar. Be that as it may, it&rsquo;s advised to keep USDX weekly resistance at 11854 on the radar as the dollar could turn from here.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">AUD\/USD slipped lower during Sydney this morning, thanks largely to another disappointing result from the weekly consumer confidence index. Recently breaking through key support at 0.8050, price is now largely free to challenge nearby support at 0.80 &ndash; a watched level in this market.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Alongside the Aussie dollar, gold also dropped marginally lower following its overnight decline, tackling support at 1325.9 and possibly clearing the runway south down to the 1320.4 neighbourhood.<\/span>\n<\/p>\n<h4>\n\t<strong>Upcoming Events<\/strong><strong style=\"font-size: 14px;\">:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">05:30 GMT &ndash; (EUR) French Non-Farm Payrolls Q2<\/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;\">13:45 GMT &ndash; (EUR) ECB&rsquo;s Constancio Speaks<\/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<li>\n\t\t<span style=\"font-size:14px;\">23:50 GMT &ndash; (JPY) BSI Large Manufacturing Conditions (Q3)<\/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 rose 1.12% %, Shanghai Composite gained 0.10 %, Hang Seng fell 0.08 %, ASX 200 climbed 0.60 % Commodities: Gold at $1328.77 (-0.52 %), Silver at $17.81 (-0.47 %), WTI Oil at $48.01 (-0.12 %), Brent Oil at $53.76 (-0.15%) Rates: US 10-year yield at 2.13, UK 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-12th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 12th 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-22835","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\/22835","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=22835"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22835\/revisions"}],"predecessor-version":[{"id":22836,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22835\/revisions\/22836"}],"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=22835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=22835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=22835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}