{"id":24552,"date":"2018-01-08T11:18:56","date_gmt":"2018-01-08T05:48:56","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=24552"},"modified":"2018-01-08T11:23:16","modified_gmt":"2018-01-08T05:53:16","slug":"monday-08th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-08th-january-european-open-briefing\/","title":{"rendered":"Monday 08th January: European Open Briefing"},"content":{"rendered":"<h2>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei up 0.89 %, Shanghai Composite rose 0.35 %, Hang Sang down 0.13 %, ASX 200 up 0.11 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1320.90 (-0.11 %), Silver at $17.23 (-0.29 %), WTI Oil at $61.62 (0.29 %), Brent Oil at $67.75 (0.04 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.47, UK 10-year yield at 1.24, German 10-year yield at 0.44<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">EUR CPI Flash Estimate y\/y: <strong>1.4%<\/strong> (Est 1.4%, Prev 1.5%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">EUR CPI PPI m\/m: <strong>0.6%<\/strong> (Est 0.3%, Prev 0.4%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CAD Employment Change : <strong>78.6K<\/strong> (Est 1.8K, Prev 79.5K)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CAD Trade Balance<strong>: -2.5B<\/strong> (Est -1.2B, Prev -1.6B)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CAD Unemployment Rate: <strong>5.7%<\/strong> (Est 6.0%, Prev 5.9%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">USD Average Hourly Earning m\/m : <strong>0.3%<\/strong> (Est 0.3%, Prev 0.1%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">USD Non-Farm Employment Change : <strong>148K<\/strong> (Est 190K, Prev 252K)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">USD Unemployment Rate : <strong>4.1%<\/strong> (Est 4.1%, Prev 4.1%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Asia stocks saunter toward historic high, U.S. earnings hurdle- RTRS<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China&#39;s property sales may finally stop growing this year, UBS says<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t<strong>CFTC Positioning Data (Week ending January 2, 2018):&nbsp;<\/strong>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">EUR long 128K vs 92K last week.&nbsp; Longs increased by 36K<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">GBP long 16K vs 13K long last week.&nbsp; Longs increased by 3K.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">JPY short 122K vs 116K short last week. Shorts increased by 6K<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CHF short 16K vs 14K short last week. Shorts increased by 2K<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CAD long 15K vs 17K long last week. Longs decreased by 2K.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">AUD short 20k vs 14K short last week.&nbsp; Shorts increased by 6K<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">NZD short 17K vs 18K short last week. Shorts decreased by 1K<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;\n<\/p>\n<h2>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h2>\n<p>\n\t<span style=\"font-size:14px;\">Most Asia &ndash; Pacific markets opened on a positive note on Monday morning following a strong US lead from last Friday boasting a best start to a year in over a decade, with brisk economic growth and benign inflation proving a potent cocktail for risk appetite. U.S. indexes closed higher on Friday even though December nonfarm payrolls came in below expectations. With few data releases expected during the session, many investors awaited earnings releases from regional corporates later in the week.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY opened slightly lower for the day but mostly traded within a small range as the Japanese markets were closed Monday for a holiday. Currently the Yen is seen trading around above 113.25 per dollar recovering from session lows of 113.00. &nbsp;Meanwhile, Japanese Prime Minister Shinzo Abe on Sunday called on central bank governor Haruhiko Kuroda to keep up efforts to reflate the economy, but added he was undecided on whether to reappoint Kuroda for another five-year term.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD erased it&rsquo;s earlier gains to drop to session lows below 1.2015 against the US Dollar. The&nbsp;dollar index, which tracks the dollar against a basket of currencies added 0.1 percent after four weeks of losses and is currently valued at 92.06. The yield on 10-year Treasuries increased two basis points to 2.48 percent Friday.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD opened the week on a negative currently seen trading below 0.7840 as the AUD lost over 0.2 % percent against the US Dollar. Australia&rsquo;s 10-year yield was little changed at 2.64 percent. Meanwhile, the Kiwi was marginally up against the US Dollar and is currently seen trading above 0.7170.&nbsp;<\/span>\n<\/p>\n<h2>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span><br \/>\n<\/h2>\n<ul>\n<li>\n\t\tAll Day &#8212; (JPY) Bank Holiday\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08.15 GMT &#8211; (CHF) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08.30 GMT &#8211; (GBP) Halifax HPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10.00 GMT &#8211; (EUR) Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15.30 GMT &#8211; (CAD) BOC Business Outlook Survey<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">17.40 GMT &#8211; (USD) FOMC Member Bostic Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">18.35 GMT &#8211; (USD) FOMC Member Williams Speaks<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<span style=\"font-size:14px;\"><strong>The Week Ahead:<\/strong><\/span><br \/>\n<\/h2>\n<p>\n\t<span style=\"font-size:14px;\"><u>Tuesday, Januany 09<sup>th<\/sup><\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">06.45 GMT &#8211; (CHF) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07.00 GMT &#8211; (EUR) German Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07.45 GMT &#8211; (EUR) French Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08.00 GMT &#8211; (CHF) Foreign Currency Reserves<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08.15 GMT &#8211; (CHF) Retail sales y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10.00 GMT &#8211; (EUR) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13.15 GMT &#8211; (CAD) Housing Starts<\/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&#8230;<\/a><\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><u>Wednesday, January 10th<\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">09.30 GMT &#8211; (GBP) Manufacturing Production m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09.30 GMT &#8211; (GBP) Goods Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09.30 GMT &#8211; (GBP) Construction Output m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09.30 GMT &#8211; (GBP) Industrial Production m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13.30 GMT &#8211; (CAD) Building Permits m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13.30 GMT &#8211; (USD) Import Prices nm\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15.30 GMT &#8211; (USD) Crude Oil Inventoriess 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\/\">\u200b&amp;more&#8230;<\/a><\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><u>Thursday, Januany 11th<\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">09.00 GMT &#8211; (EUR) Italian Retail sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10.00 GMT &#8211; (EUR) Industrial Production m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13.30 GMT &#8211; (USD) PPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13.30 GMT &#8211; (USD) Unemployment Claims<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">19.00 GMT &#8211; (USD) Federal Budget Balance<\/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&#8230;<\/a><\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\"><u>Friday, January 12th<\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">05.00 GMT &#8211; (JPY) Economy Watchers Sentiment<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07.45 GMT &#8211; (EUR) French Final CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09.00 GMT &#8211; (EUR) Italian Industrial Production m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13.30 GMT &#8211; (USD) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13.30 GMT &#8211; (USD) Retail Sales m\/m\u200b<\/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&#8230;<\/a><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.89 %, Shanghai Composite rose 0.35 %, Hang Sang down 0.13 %, ASX 200 up 0.11 % Commodities: Gold at $1320.90 (-0.11 %), Silver at $17.23 (-0.29 %), WTI Oil at $61.62 (0.29 %), Brent Oil at $67.75 (0.04 %) Rates: US 10-year yield at 2.47, UK 10-year &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-08th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 08th January: 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-24552","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\/24552","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=24552"}],"version-history":[{"count":6,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24552\/revisions"}],"predecessor-version":[{"id":24558,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24552\/revisions\/24558"}],"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=24552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=24552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=24552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}