{"id":23764,"date":"2017-11-13T11:55:43","date_gmt":"2017-11-13T06:25:43","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23764"},"modified":"2017-11-13T11:55:43","modified_gmt":"2017-11-13T06:25:43","slug":"monday-13th-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-13th-november-european-open-briefing\/","title":{"rendered":"Monday 13th November: 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 1.32 %, Shanghai Composite rose by 0.32 %, Hang Seng up 0.08 %, ASX 200 lost 0.13 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1277.23 (0.25 %), Silver at $16.90 (0.21 %), WTI Oil at $56.80 (0.11 %), Brent Oil at $63.55 (0.05 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.39, UK 10-year yield at 1.34, German 10-year yield at 0.40<\/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;\">(USD) Prelim UoM Consumer Sentiment <strong>2.6 % vs 2.4 %<\/strong> Previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Manufacturing Production m\/m <strong>0.7 % vs 0.3 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Goods Trade Balance <strong>-11.3 B vs -12.9 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Industrial Production m\/m <strong>0.7 % vs 0.3 % <\/strong>expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Italian Industrial Production m\/m <strong>-1.3 % vs -0.3 % <\/strong>expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Fed&#39;s Harker stands by call for rate hike next month<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Pound retreats as trouble mounts for May, dollar crawls higher- 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 72K vs 84K long last week. The EURUSD this week is higher.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">GBP long 1K vs 1K short last week. There is no net position so who cares.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">JPY short 119K vs 116K short last week. The JPY is down about 40 pips from last Friday&#39;s close<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CHF short 21K vs 12K short last week. CHF is higher by about 40 pips<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CAD long 58K vs 72K long last week. The CAD is higher by about 80 pips.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">AUD long 52k vs 57K&nbsp;long last week. The AUDUSD is up 20 pips<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">NZD short 6K vs 1K long last week. Small position.&nbsp;<\/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 mixed early on Monday as Iinvestors seek fresh motivation after last week&rsquo;s run to record highs. Japanese markets lead the losses today as the Nikkei fell&nbsp; over 1.0%. This is in continuation to the U.S. stocks closing mostly lower on Friday. &nbsp;The British pound took a hit as Markets digested headlines that 40 Conservative members of Parliament intended to sign a letter of no-confidence in British Prime Minister May as Brexit talks dragged on.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY is currently seen trading at 113.44 down from session highs of 113.71. Overall the Yen is down over 0.1 percent against the US Dollar. The Nikkei Stock Average finished morning trading down over 1.3 % in continuation to a 0.8% loss on Friday, its largest percentage loss in two months, amid broad regional weakness.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD is down a few points net on the session currently valued at 1.1654 as the EUR slipped 0.1 percent against the US Dollar. The&nbsp;dollar index, which tracks the dollar against a basket of currencies was up 0.1 % and is currently valued at 94.47. The yield on 10-year Treasuries was at 2.39 percent, down 1 basis point after climbing 6 basis points on Friday.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD opened lower early on Monday reaching lows of 0.7642 but has since recovered and is currently seen trading at 0.7662 as RBA&#39;s Debelle spoke, he was upbeat on business investment improving. Australia&rsquo;s 10-year yield increased one basis point Monday, to 2.62 percent. &nbsp;The New Zealand dollar followed a similar price action on Monday and is currently trading at 0.6932 remaining net unchanged.<\/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; (CAD) Bank Holiday<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">00:10 GMT &ndash; (USD) FOMC Member Harker Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:10 GMT &ndash; (USD) German WPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 GMT &ndash; (EUR) PPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">17:45 GMT &ndash; (JPY) BOJ Gov Kuroda Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">19:00 GMT &ndash; (USD) Federal Budget Balance<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u style=\"font-size: 14px;\">Tuesday, November 14<sup>th<\/sup><\/u>\n<\/p>\n<ul>\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;\">09:30 GMT &ndash; (GBP) CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 GMT &ndash; (EUR) ECB President Draghi Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 GMT &ndash; (GBP) BOE Gov Carney Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 GMT &ndash; (JPY) BOJ Gov Kuroda Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 GMT &ndash; (USD) Fed Chair Yellen Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (USD) PPI m\/m<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><u>Wednesday, November 15<sup>th<\/sup><\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 GMT &ndash; (GBP) Average Earnings Index 3m\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (USD) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (USD) Core CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (USD) Core Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (USD) Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:30 GMT &ndash; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><u>Thursday, November 16<sup>th<\/sup><\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">00:30 GMT &ndash; (AUD) Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">00:30 GMT &ndash; (AUD) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 GMT &ndash; (GBP) Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (USD) Unemployment Claims<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (GBP) BOE Gov Carney Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><span style=\"font-size:14px;\"><u>Friday, November 17<sup>th<\/sup> <\/u><\/span><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (EUR) ECB President Draghi Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (CAD) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (USD) Building Permits<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (USD) Housing Starts<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 1.32 %, Shanghai Composite rose by 0.32 %, Hang Seng up 0.08 %, ASX 200 lost 0.13 % Commodities: Gold at $1277.23 (0.25 %), Silver at $16.90 (0.21 %), WTI Oil at $56.80 (0.11 %), Brent Oil at $63.55 (0.05 %) Rates: US 10-year yield at 2.39, UK &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-13th-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 13th November: 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-23764","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\/23764","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=23764"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23764\/revisions"}],"predecessor-version":[{"id":23765,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23764\/revisions\/23765"}],"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=23764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}