{"id":24187,"date":"2017-12-11T12:05:54","date_gmt":"2017-12-11T06:35:54","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=24187"},"modified":"2017-12-11T12:07:55","modified_gmt":"2017-12-11T06:37:55","slug":"monday-11th-december-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-11th-december-european-open-briefing\/","title":{"rendered":"Monday 11th December: 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 up 0.61 %, Shanghai Composite gained 0.82 %, Hang Seng rose 0.77 %, ASX 200 up 0.07 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1251.80 (0.26 %), Silver at $15.88 (0.39 %), WTI Oil at $57.23 (-0.23 %), Brent Oil at $63.23 (-0.27 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.38, UK 10-year yield at 1.28, German 10-year yield at 0.30<\/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;\">(CNY) CPI y\/y <strong>1.7 % vs 1.8 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) PPI y\/y <strong>5.8 % vs 5.8 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Average Hourly Earnings m\/m <strong>0.2 % vs 0.3 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Rate <strong>4.1 % vs 4.1 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Prelim UoM Consumer Sentiment <strong>96.8 vs 99.0 <\/strong>expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Manufacturing Production m\/<strong>m 0.1 % vs 0.1 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Goods Trade Balance <strong>-10.8 B vs -11.5 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil prices drop on increased U.S. drilling activity- RTRS<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Bitcoin Futures began trading surging past $18,000<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>CFTC Positioning Data (Week ending Dec 5, 2017)<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">EUR long 93K vs 90K long last week<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">GBP long 6K vs 5K long last week<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">JPY short 114K vs 110K short last week<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CHF short 29K vs 30K short last week<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CAD long 42K vs 46K long last week<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">AUD long 40k vs 39K long&nbsp;last week<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">NZD short 13K vs 14K&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;\">Asian &ndash; Pacific markets opened on a positive note on Monday morning amid optimism about global growth. Investors focused their attention on the launch of bitcoin futures, and an upcoming Federal Reserve meeting that&#39;s slated for later in the week. Bitcoin surged as futures of the digital currency began trade Sunday evening U.S. time, the January contract for bitcoin futures cracked the $18,000 level after opening trade at $15,460.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD was marginally up on Monday currently seen trading above 1.1780 as the EUR gained 0.1 percent against the US Dollar. The&nbsp;dollar index, which tracks the dollar against a basket of currencies fell o.1 percent and is currently valued at 93.81. The yield on 10-year Treasuries was steady at 2.38 percent.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The Australian Dollar opened the week on a positive note climbing close to 30 pips trading above 0.7530 as the AUD gained over 0.2 % percent against the US Dollar. Australia&rsquo;s 10-year yield rose more than two basis points to 2.55 percent. Meanwhile, the Kiwi jumped close to 0.9 percent against the US Dollar and is currently seen trading above 0.6901.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY is currently seen trading around 113.50 down from session highs of around 113.69 as the Yen reversed its early losses against the US Dollar. Investors continued to remain positive and invested into Japanese stocks, Japan&#39;s Nikkei 225 drifted higher by 0.61 percent as most trading houses and automakers recorded gains.<\/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;\">09:00 GMT &ndash; (EUR) Italian Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><span style=\"font-size:14px;\">15:00 GMT &ndash; (USD) JOLTS Job Openings<\/span><\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><span style=\"font-size:14px;\"><span style=\"font-size:14px;\">18:01 GMT &ndash; (USD) 10-y Bond Auction<\/span><\/span><\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><span style=\"font-size:14px;\"><span style=\"font-size:14px;\"><span style=\"font-size:14px;\">23:50 GMT &ndash; (JPY) PPI y\/y<\/span><\/span><\/span><\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h2>\n<p>\n\t<span style=\"font-size:14px;\"><u>Tuesday, December 12<sup>th<\/sup><\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">00:30 GMT &ndash; (AUD) HPI q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">00:30 GMT &ndash; (AUD) NAB Business Confidence<\/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;\">09:30 GMT &ndash; (GBP) PPI Input m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 GMT &ndash; (GBP) RPI y\/y<\/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<li>\n\t\t<span style=\"font-size:14px;\">19:00 GMT &ndash; (EUR) ECB President Draghi Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">22:15 GMT &ndash; (AUD) RBA Gov Lowe Speaks<\/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<p>\n\t<span style=\"font-size:14px;\"><u>Wednesday, December 13<sup>th<\/sup><\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">00:00 GMT &ndash; (AUD) RBA Assist Gov Kent Speaks<\/span>\n\t<\/li>\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;\">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 Economic Projection<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">19:00 GMT &ndash; (USD) FOMC Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">19:00 GMT &ndash; (USD) Federal Funds Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">19:00 GMT &ndash; (USD) FOMC Press Conference<\/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<p>\n\t<span style=\"font-size:14px;\"><u>Thursday, December 14<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;\">02:00 GMT &ndash; (CNY) Industrial Production y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (CHF) Libor Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 GMT &ndash; (CHF) SNB Press Conference<\/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;\">12:00 GMT &ndash; (GBP) Official Bank Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:45 GMT &ndash; (EUR) Minimum Bid Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (EUR) ECB Press Conference<\/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;\">13:30 GMT &ndash; (USD) Unemployment Claims<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">17:25 GMT &ndash; (CAD) BOC Gov Poloz Speaks<\/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<p>\n\t<span style=\"font-size:14px;\"><u>Friday, December 15th<\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 GMT &ndash; (EUR) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:15 GMT &ndash; (GBP) MPC Member Haldane Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (CAD) Manufacturing Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 GMT &ndash; (USD) Empire State Manufacturing Index<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:15 GMT &ndash; (USD) Capacity Utilization Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:15 GMT &ndash; (USD) Industrial Production m\/m<\/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 up 0.61 %, Shanghai Composite gained 0.82 %, Hang Seng rose 0.77 %, ASX 200 up 0.07 % Commodities: Gold at $1251.80 (0.26 %), Silver at $15.88 (0.39 %), WTI Oil at $57.23 (-0.23 %), Brent Oil at $63.23 (-0.27 %) Rates: US 10-year yield at 2.38, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-11th-december-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 11th December: 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-24187","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\/24187","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=24187"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24187\/revisions"}],"predecessor-version":[{"id":24189,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24187\/revisions\/24189"}],"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=24187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=24187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=24187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}