{"id":23066,"date":"2017-09-28T10:21:44","date_gmt":"2017-09-28T04:51:44","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23066"},"modified":"2017-09-28T10:22:16","modified_gmt":"2017-09-28T04:52:16","slug":"thursday-28th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-28th-september-european-open-briefing\/","title":{"rendered":"Thursday 28th September: European Open Briefing"},"content":{"rendered":"<h4>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei rose 0.48 %, Shanghai Composite down 0.09 %, Hang Seng lost 0.39 %, ASX 200 rose 0.21 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1284.00 (-0.29 %), Silver at $16.77 (-0.32 %), WTI Oil at $51.98 (-0.31 %), Brent Oil at $57.34 (-0.40 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.34, UK 10-year yield at 1.37, German 10-year yield at 0.46<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Official Cash Rate <strong>1.75 % vs 1.75 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) M3 Money Supply y\/y <strong>5.0 vs 4.6 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core Durable Goods Orders m\/m<strong> 0.2 % vs 0.2 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Durable Goods Orders m\/m <strong>1.7 % vs 1.0 % <\/strong>expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Pending Home Sales m\/m <strong>-2.6 % vs -0.5 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories <strong>-1.8 M vs 2.9 M<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Trump proposes U.S. tax overhaul, stirs concerns on deficit- RTRS<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian equities were mixed early on Thursday as investors began to assess the implications of the much-anticipated tax proposal. The dollar and U.S. bond yields rose after President Donald Trump proposed the biggest U.S. tax overhaul in three decades and as strong U.S. economic data added to the case for a rate hike by the Federal Reserve later this year.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY is currently seen trading around 113.07, the pair was seen ranging within a 20 pip range for most of the session earlier today with little to drive it. &nbsp;Japanese parliament was officially dissolved today to bring on the October 22 election. Overall the Yen continues to drop against the USD, down 0.2 percent on Thursday, continuing its 0.5 percent fall on Wednesday. &nbsp;<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD continued to decline for the third straight day after hitting a six-week low of $1.1717 on Wednesday and is currently seen trading around 1.1733 as there were some signs of further USD strength. The&nbsp;dollar index, which tracks the dollar against a basket of currencies rose 0.2 percent and is currently valued at 93.57 touching the highest in a month.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD is currently seen trading at 0.7818, as the Aussie further declined 0.4 percent against the US Dollar. Likewise, the NZDUSD is seen trading at 0.7192 as the Kiwi lost 0.2 percent against the US Dollar. The kiwi fluctuated as the Reserve Bank of New Zealand signaled it will keep rates on hold for some time on a weaker economic growth outlook and slowing inflation.<\/span>\n<\/p>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">All Day &ndash; (EUR) German Prelim CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:35 GMT &ndash; (JPY) BOJ Gov Kuroda Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 GMT &ndash; (EUR) Spanish Flash CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:15 GMT &ndash; (GBP) BOE Gov Carney Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 GMT &ndash; (AUD) RBA Assist Gov Debelle Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (USD) Final GDP q\/q<\/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;\">14:15 GMT &ndash; (USD) FOMC Member Fischer Speaks<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei rose 0.48 %, Shanghai Composite down 0.09 %, Hang Seng lost 0.39 %, ASX 200 rose 0.21 % Commodities: Gold at $1284.00 (-0.29 %), Silver at $16.77 (-0.32 %), WTI Oil at $51.98 (-0.31 %), Brent Oil at $57.34 (-0.40 %) Rates: US 10-year yield at 2.34, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-28th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 28th 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-23066","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\/23066","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=23066"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23066\/revisions"}],"predecessor-version":[{"id":23068,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23066\/revisions\/23068"}],"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=23066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}