{"id":23864,"date":"2017-11-20T12:06:07","date_gmt":"2017-11-20T06:36:07","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23864"},"modified":"2017-11-20T12:06:07","modified_gmt":"2017-11-20T06:36:07","slug":"monday-20th-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-20th-november-european-open-briefing\/","title":{"rendered":"Monday 20th November: 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 down 0.62 %, Shanghai Composite lost 0.17 %, Hang Seng fell 0.02 %, ASX 200 lost 0.19 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1291.75 (-0.36 %), Silver at $17.18 (-1.06 %), WTI Oil at $56.61 (-0.18 %), Brent Oil at $62.61 (-0.18 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.32, UK 10-year yield at 1.30, German 10-year yield at 0.36<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Building Permits <strong>1.30 M vs 1.25 M<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Housing Starts <strong>1.29 M vs 1.19 M<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) CPI m\/m <strong>0.1 % vs 0.1 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Common CPI y\/y <strong>1.6 % vs 1.5 %<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Median CPI y\/y <strong>1.7 % vs 1.8 %<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Trimmed CPI y\/y <strong>1.5 % vs 1.5%<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Bitcoin Surges Past $8,000 as Technology Concerns Subside- Bloomberg<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Euro slips as German coalition talks fail, heightens uncertainty- RTRS<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">CFTC Positioning Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">EUR long 85K vs 85K long last week. No change in the current week.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">GBP short -4K vs 9K short last week. Shorts trimmed by 5K<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">JPY short 136K vs 128K short last week. Shorts increased by 8K<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CHF short 28K vs 25K short last week. Shorts increased by 3K<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CAD long 47K vs 51K long last week. Longs trimmed by K. Longs trimmed by 4K<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">AUD long 44k vs 45K&nbsp;long last week. Longs trimmed by 1K<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">NZD short 12K vs 11K short last week. Shorts increased by 1K<\/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;\">Asia-Pacific equity markets fell early on Monday mainly due to the slide in Euro after German Chancellor Angela Merkel&rsquo;s push to form a coalition government collapsed. In addition to this, Investor sentiment was hurt by a retreat on Wall Street last Friday and sliding Chinese stocks after regulators unveiled a fresh initiative to curb shadow banking.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY is mostly unchanged, currently seen trading around 112.05 after falling to lows of 111.89 earlier in the day. The Nikkei Stock average fell 0.6% as the euro hit two-month lows against the yen. The euro&rsquo;s slide helped push up the yen, a haven, and as a result pressured Japanese stocks after they logged last week their first weekly decline since early September.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">EURUSD fell to lows of below 1.1725 earlier in the session as the EUR lost 0.5 percent against the US Dollar. Currently the Euro is seen trading at 1.1737. &nbsp;The&nbsp;dollar index, which tracks the dollar against a basket of currencies was up 0.3 % and is currently valued at 93.97. The yield on 10-year Treasuries fell about two basis points to 2.32 percent.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD opened a little lower early on Monday reaching lows of 0.7550 but has since recovered and is currently seen trading above 0.7565. Australia&rsquo;s 10-year yield dipped three basis point 2.54 percent. &nbsp;The New Zealand dollar followed a similar price action on Monday and is currently trading around 0.6835 down from lows under 0.6800<\/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;\">11:00 GMT &ndash; (EUR) German Buba Monthly Report<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (CNY) CB Leading Index m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (EUR) ECB President Draghi Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:00 GMT &ndash; (USD) CB Leading Index m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">16:00 GMT &ndash; (EUR) ECB President Draghi Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">18:30 GMT &ndash; (GBP) MPC Member Ramsden Speaks<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\"><u>Tuesday, November 21<sup>st<\/sup> <\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">00:30 GMT &ndash; (AUD) Monetary Policy Meeting Minutes<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:50 GMT &ndash; (AUD) RBA Assist Gov Bullock Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:05 GMT &ndash; (AUD) RBA Gov Lowe Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 GMT &ndash; (GBP) Public Sector Net Borrowing<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 GMT &ndash; (GBP) Inflation Report Hearings<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (CAD) Wholesale Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:00 GMT &ndash; (USD) Existing Home Sales<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">23:00 GMT &ndash; (USD) Fed Chair Yellen Speaks<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<u style=\"font-size: 14px;\">Wednesday, November 22<sup>nd<\/sup><\/u>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">00:30 GMT &ndash; (AUD) Construction Work Done q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">00:30 GMT &ndash; (GBP) Autumn Forecast Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (USD) Core Durable Goods Orders 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;\">13:30 GMT &ndash; (USD) Durable Goods Orders 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<li>\n\t\t<span style=\"font-size:14px;\">19:00 GMT &ndash; (USD) FOMC Meeting Minutes<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">21:45 GMT &ndash; (NZD) Retail Sales q\/q<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><u>Thursday, November 23<sup>rd<\/sup><\/u><\/span>\n<\/p>\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;\">All Day &ndash; (USD) Bank Holiday<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 GMT &ndash; (EUR) French Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (EUR) German Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 GMT &ndash; (EUR) Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 GMT &ndash; (GBP) Second Estimate GDP q\/q<\/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;\">16:30 GMT &ndash; (CHF) SNB Chairman Jordan Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">21:45 GMT &ndash; (NZD) Trade Balance\u200b<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><span style=\"font-size:14px;\"><u>Friday, November 24<sup>th<\/sup> <\/u><\/span><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">00:30 GMT &ndash; (JPY) Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 GMT &ndash; (EUR) German Ifo Business Climate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 GMT &ndash; (GBP) High Street Lending<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (CAD) Corporate Profits q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:45 GMT &ndash; (USD) Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:45 GMT &ndash; (USD) Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp; More&hellip;<\/a><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.62 %, Shanghai Composite lost 0.17 %, Hang Seng fell 0.02 %, ASX 200 lost 0.19 % Commodities: Gold at $1291.75 (-0.36 %), Silver at $17.18 (-1.06 %), WTI Oil at $56.61 (-0.18 %), Brent Oil at $62.61 (-0.18 %) Rates: US 10-year yield at 2.32, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-20th-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 20th 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-23864","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\/23864","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=23864"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23864\/revisions"}],"predecessor-version":[{"id":23865,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23864\/revisions\/23865"}],"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=23864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}