{"id":22968,"date":"2017-09-20T10:30:29","date_gmt":"2017-09-20T05:00:29","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=22968"},"modified":"2017-09-20T10:30:29","modified_gmt":"2017-09-20T05:00:29","slug":"wednesday-20th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-20th-september-european-open-briefing\/","title":{"rendered":"Wednesday 20th 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 down 0.06 %, Shanghai Composite up 0.22 %, Hang Seng rose 0.16 %, ASX 200 down 0.09 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1316.40 (+0.44 %), Silver at $17.36 (+0.52 %), WTI Oil at $50.19 (+0.58 %), Brent Oil at $55.31 (+0.31%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.23, UK 10-year yield at 1.33, German 10-year yield at 0.45<\/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;\">(EUR) German ZEW Economic Sentiment <strong>17.0 vs 12.3 <\/strong>expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Manufacturing Sales m\/m <strong>-2.6 % vs -1.7 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Building Permits <strong>1.30 M vs 1.22 M<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Current Account <strong>-123 B vs -115 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Housing Starts <strong>1.18 M vs 1.17 M<\/strong><\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Import Prices m\/m <strong>0.6 % vs 0.4 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) GDT Price Index <strong>0.9 % vs 0.3 %<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Current Account <strong>-0.62 B vs -0.82 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil rises after Iraq signals possible OPEC cut extension- 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 mostly muted early on Wednesday&nbsp;as investors remain cautious before the U.S. Federal Reserve&rsquo;s policy announcement coming at the conclusion of the&nbsp;two-day meeting and another fresh round of geopolitical tensions after U.S. President Donald Trump threatened to annihilate North Korea.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EUR\/USD gained 20+ points for the session but Price action was mostly subdued as Asian investors waited on the side-lines ahead of the FOMC<\/span><span style=\"font-size:14px;\">. Price is currently seen trading at 1.2003 as the US Dollar weakened and lost 0.1 percent against the Euro. The&nbsp;dollar index, which tracks the dollar against a basket of currencies was flat and is currently valued at 91.74.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USD\/JPY is currently seen trading steadily around 110.50 as the Yen gained 0.1% against the USD, Similar to Yesterday&rsquo;s Asian session the yen was mostly seen ranging between 111.40 to 111.60 earlier today with no major movements. There were reports mentioning Japanese PM Abe is going to abandon his goal of achieving a primary budget surplus in 2020.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD managed to break above round number 0.80 against the US Dollar on Tuesday and has managed to stay above the round number, The Aussie is currently seen ranging around 0.8020 with no major movements in today&rsquo;s Asian session. The New Zealand dollar is currently seen trading around 0.73031 as the Kiwi lost over 40 pips against the US Dollar after rising to highs of 0.7342 earlier in the session.<\/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; (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","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.06 %, Shanghai Composite up 0.22 %, Hang Seng rose 0.16 %, ASX 200 down 0.09 % Commodities: Gold at $1316.40 (+0.44 %), Silver at $17.36 (+0.52 %), WTI Oil at $50.19 (+0.58 %), Brent Oil at $55.31 (+0.31%) Rates: US 10-year yield at 2.23, UK 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-20th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 20th 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-22968","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\/22968","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=22968"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22968\/revisions"}],"predecessor-version":[{"id":22969,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22968\/revisions\/22969"}],"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=22968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=22968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=22968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}