{"id":22933,"date":"2017-09-18T10:28:38","date_gmt":"2017-09-18T04:58:38","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=22933"},"modified":"2017-09-18T10:28:38","modified_gmt":"2017-09-18T04:58:38","slug":"monday-18th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-18th-september-european-open-briefing\/","title":{"rendered":"Monday 18th 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 up 0.52 %, Shanghai Composite rose 0.25 %, Hang Seng gained 0.99 %, ASX 200 rose 0.5 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1321.49 (-0.28 %), Silver at $17.63 (-0.35 %), WTI Oil at $50.46 (+0.04 %), Brent Oil at $55.70 (+0.14 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.20, UK 10-year yield at 1.30, German 10-year yield at 0.43<\/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;\">(AUD) New Motor Vehicle Sales m\/m <strong>0.0 % vs -2.4 %<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core Retail Sales m\/m <strong>0.2 % vs 0.5 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Retail Sales m\/m <strong>-0.2 % vs 0.1 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Empire State Manufacturing Index <strong>24.4 vs 18.2<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Capacity Utilization Rate <strong>76.1 % vs 76.8 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Industrial Production m\/m <strong>-0.9 % vs 0.1 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Prelim UoM Consumer Sentiment <strong>95.3 vs 95.1<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil markets firm on rising refinery demand, falling U.S. rig count- RTRS<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Dollar edges up vs yen, hovers near seven-week high ahead of Fed- RTRS<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>CFTC Positioning Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">EUR long 86K vs 96K long last week.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">GBP short 46K vs 54K short last week.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">JPY short 57K vs 73K short last week.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CHF short 2K vs 2K short last week.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CAD long 50K vs 54K long.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">AUD long 63k vs 65k last week.&nbsp;&nbsp;<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">NZD long 12K vs 15K long last week.<\/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;\">Asia-Pacific equity markets were higher on Monday following a record-breaking Wall street session and Australia&rsquo;s benchmark index rebounding from three straight sessions of declines as investors piled into risk assets amid optimism that the U.S. favors a peaceful resolution to North Korea&rsquo;s nuclear threats and no new provocation by North Korea over the weekend. &nbsp;<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">USDJPY opened up around 40 pips early on Monday and has since stabilized around 111.20 currently. Overall, the Japanese Yen continues to lose value as it lost 0.3 percent against the US Dollar, extending Friday&rsquo;s 0.5 percent drop. Bank of Japan is widely expected to maintain its massive asset buying campaign at a meeting on Thursday.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD is little changed from its late levels on Friday and is currently seen trading around 1.1934. The Euro had hit a 2-1\/2-year high reaching $1.2092 earlier this month. The&nbsp;dollar index, which tracks the dollar against a basket of currencies was flat and is currently valued at 91.87 after losing 0.3 percent on Friday.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD is currently seen Trading at 0.8024 as the Australian Dollar put up a strong show outperforming on the session rising 0.3 percent against the US Dollar. Australia&rsquo;s main index added 0.5 percent rebounding from three straight sessions of declines. Similarly, the New Zealand dollar is seen trading at 0.7320 after the Kiwi added 0.3 percent against the USD.<\/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;\">All Day &ndash; JPY Bank Holiday<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 GMT &ndash; (EUR) Italian Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 GMT &ndash; (EUR) Final CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 GMT &ndash; (EUR) Final Core CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 GMT &ndash; (EUR) German Buba Monthly Report<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Foreign Securities Purchases<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:30 GMT &ndash; (GBP) ECB&#39;s Lautenschlaeger Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">20:00 GMT &ndash; (USD) TIC Long-Term Purchases<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\"><u>Tuesday, September 19th<\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 GMT &ndash; (AUD) Monetary Policy Meeting Minutes<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 GMT &ndash; (AUD) HPI q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 GMT &ndash; (EUR) German ZEW Economic Sentiment<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Manufacturing Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Building Permits<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Current Account<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Housing Starts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Import Prices m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">22:45 GMT &ndash; (NZD) Current Account<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><u>Wednesday, September 20th<\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (USD) Existing Home Sales<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:30 GMT &ndash; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">18:00 GMT &ndash; (USD) FOMC Economic Projections<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">18:00 GMT &ndash; (USD) FOMC Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">18:00 GMT &ndash; (USD) Federal Funds Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">18:30 GMT &ndash; (USD) FOMC Press Conference<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">22:45 GMT &ndash; (NZD) GDP q\/q<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><u>Thursday, September 21st<\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &ndash; (JPY) Monetary Policy statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &ndash; (JPY) BOJ Policy Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &ndash; (JPY) BOJ Press Conference<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) Public Sector Net Borrowing<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Wholesale Sales 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;\">12:30 GMT &ndash; (USD) Philly Fed Manufacturing Index<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<u style=\"font-size: 14px;\">Friday, September 22nd<\/u>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">All Day &ndash; (NZD) Parliamentary Elections<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 GMT &ndash; (EUR) French Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 GMT &ndash; (EUR) French Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:30 GMT &ndash; (EUR) German Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:30 GMT &ndash; (EUR) German Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 GMT &ndash; (EUR) Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 GMT &ndash; (EUR) Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Core Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Common CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Median CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Trimmed CPI y\/y<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.52 %, Shanghai Composite rose 0.25 %, Hang Seng gained 0.99 %, ASX 200 rose 0.5 % Commodities: Gold at $1321.49 (-0.28 %), Silver at $17.63 (-0.35 %), WTI Oil at $50.46 (+0.04 %), Brent Oil at $55.70 (+0.14 %) Rates: US 10-year yield at 2.20, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-18th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 18th 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-22933","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\/22933","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=22933"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22933\/revisions"}],"predecessor-version":[{"id":22934,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22933\/revisions\/22934"}],"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=22933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=22933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=22933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}