{"id":24027,"date":"2017-11-28T11:15:21","date_gmt":"2017-11-28T05:45:21","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=24027"},"modified":"2017-11-28T11:15:21","modified_gmt":"2017-11-28T05:45:21","slug":"tuesday-28th-november-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-28th-november-european-open-briefing\/","title":{"rendered":"Tuesday 28th 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 flat at 22,477.00, Shanghai Composite fell 0.10 %, Hang Seng down 0.70 %, ASX 200 lost 0.10 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1294.06 (-0.02 %), Silver at $17.01 (-0.06 %), WTI Oil at $57.80 (-0.53 %), Brent Oil at $63.21 (-0.27 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.33, UK 10-year yield at 1.26 German 10-year yield at 0.34<\/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;\">U.S. new home sales hit 10-year high in October<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) New Home Sales m\/m <strong>6.2 % vs -6.0 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) New Home Sales (Oct) <strong>685 K vs 627 K<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CHF) Employment Level (Q3) <strong>4.96 M vs 4.91 M<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Dollar weak as U.S. tax plan, Powell confirmation eyed<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian shares fall from decade peak as China falters<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Trump&#39;s tax bill faces potential Senate Republican opposition- RTRS<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>CFTC Positioning Data (Week ending Nov 21, 2017)<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">EUR long 95K vs 84K long last week.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">GBP short 1K vs 4K short last week.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">JPY short 123K vs 147K short last week<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CHF short 30K vs 28K short last week.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CAD long 45K vs 47K long last week<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">AUD long 40k vs 44K long&nbsp;last week.&nbsp;<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">NZD short 14K vs 12K&nbsp;short 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 equities markets declined on Tuesday following a narrowly mixed close on Wall Street overnight. Declines in energy and mining stocks led Asian shares lower from decade highs after oil and metal prices extended a drop. Chinese stocks stumbled for a second straight day and Investor confidence in China has been dented by rising bond yields as Beijing steps up its crackdown on shadow banking and other risky forms of financing.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">EURUSD was mostly unchanged trading flat around 1.1905. &nbsp;The dollar got a brief boost overnight when U.S President Donald Trump tweeted that the tax cut bill was &ldquo;coming along very well&rdquo;. The&nbsp;dollar index, which tracks the dollar against a basket of currencies was flat and is currently valued at 92.87. The yield on 10-year Treasuries held at 2.33 percent.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">AUDUSD had a rather quiet session on Tuesday trading within a 10 pip range, currently the Aussie is valued at .7610 against the US Dollar down from session lows of 0.7600. Australia&rsquo;s 10-year bond yield fell three basis points to 2.50 percent. Meanwhile,&nbsp;The New Zealand dollar gained close to 0.30 percent against the US Dollar, currently the Kiwi is trading around 0.6935 up from session lows of around 0.6900.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">USDJPY was seen trading higher around 111.20 as the Yen lost 0.1 percent against the US Dollar following a 0.4 percent climb on Monday. Nikkei Stock average Nikkei 225 had a slow start due to overnight yen gains and is net unchanged at 22,477. Major exporters, including automakers and tech names, were mixed&hellip;<\/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;\">07:00 GMT &ndash; (GBP) Bank Stress Test Results<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:30 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; (EUR) M3 Money Supply y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:00 GMT &ndash; (USD) CB Consumer Confidence<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">16:30 GMT &ndash; (CAD) BOC Gov Poloz Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">20:00 GMT &ndash; (NZD) RBNZ Financial Stability Report<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">20:45 GMT &ndash; (USD) Treasury Sec Mnuchin Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">&amp; <a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">More&hellip;<\/a><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei flat at 22,477.00, Shanghai Composite fell 0.10 %, Hang Seng down 0.70 %, ASX 200 lost 0.10 % Commodities: Gold at $1294.06 (-0.02 %), Silver at $17.01 (-0.06 %), WTI Oil at $57.80 (-0.53 %), Brent Oil at $63.21 (-0.27 %) Rates: US 10-year yield at 2.33, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-28th-november-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 28th 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-24027","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\/24027","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=24027"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24027\/revisions"}],"predecessor-version":[{"id":24028,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24027\/revisions\/24028"}],"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=24027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=24027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=24027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}