{"id":24659,"date":"2018-01-15T12:05:22","date_gmt":"2018-01-15T06:35:22","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=24659"},"modified":"2018-04-16T12:54:03","modified_gmt":"2018-04-16T07:24:03","slug":"monday-15th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-15th-january-european-open-briefing\/","title":{"rendered":"Monday 15th January : 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 up 0.26 %, Shanghai Composite lost 0.27&nbsp;%, Hang Seng rose 0.56&nbsp;%, ASX 200 up 0.12 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1344.40 (0.70 %), Silver at $17.42 (1.63 %), WTI Oil at $64.50 (0.31 %), Brent Oil at $69.97 (0.14 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.55, UK 10-year yield at 1.33, German 10-year yield at 0.51<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) MI Inflation Gauge m\/m 0.1 % vs 0.2 % previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">NZD) FPI m\/m -0.8 % vs -0.4% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) M2 Money Stock y\/y 3.6% vs 4.0 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Business Inventories m\/m 0.4% vs 0.4% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) IBD\/TIPP Economic Optimism 55.1 vs 52.3 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) CPI m\/m 0.1% vs 0.1% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core CPI m\/m 0.3% vs 0.2% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core Retail Sales m\/m 0.4% vs 0.3% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Retail Sales m\/m 0.4% vs 0.5% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Dollar index wallows at three-year lows, euro buoyed by ECB taper hopes<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil near three-year highs on output cuts despite rising North American rig count- RTRS<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>CFTC Positioning Data (Week ending Dec 12, 2017)<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">EUR long 145K vs 128K last week.&nbsp; Longs increased by 17K<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">GBP long 26K vs 16 long last week.&nbsp; Longs increased by 10K.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">JPY short 126K vs 122 short last week. Shorts increased by 4K<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CHF short 22K vs 16K short last week. Shorts increased by 6K<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">CAD long 17K vs 15K long last week. Longs increased by 2K.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">AUD long 5K vs 20K short last week.&nbsp; Longs increase by 25K<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">NZD short 11K vs 17K&nbsp;short last week. Shorts decreased by 6K<\/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;\">Most Asia &ndash; Pacific markets opened on a positive note hitting record highs on Monday morning following a strong US lead from last Friday boasting a best start to a year since 2003. Wall Street was on a roll as the fourth-quarter earnings season kicked off with solid results from banks and robust retail sales, driving investor optimism about economic growth. The U.S. dollar retreat continued as investors priced in the risk of tighter policies elsewhere in the developed world.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">USDJPY opened lower for the day as the Yen gained close to 0.2 percent against the US Dollar. Currently the USD is seen trading around above 110.80 yen recovering from session lows of 110.58. &nbsp;The Nikkei stock rose 0.28 percent as technology and financial names rose early in the session. Automakers proved to be a mixed picture. Large financial companies continued to benefit from higher bond yields.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">EURUSD was marginally up for the day currently seen trading around 1.2215 as the EUR rose 0.1 percent against the US Dollar. This is following a 1.4 percent rise on Monday. The&nbsp;dollar index, which tracks the dollar against a basket of currencies slipped 0.3 percent to 90.72 after falling 0.9 percent last week, ending around the weakest since September. The yield on 10-year Treasuries increased two basis points to 2.48 percent Friday. &nbsp;The yield on 10-year Treasuries was 2.55 percent at Friday&rsquo;s close, up about seven basis points for the week.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">AUDUSD opened the week on a positive note rising over 0.4 percent, extending their gains against the dollar. Currently the Aussie dollar is priced at 0.7950 against the US Dollar. Australia&rsquo;s 10-year yield was at 2.77 percent, up about two basis points from Friday&rsquo;s close. Likewise, the Kiwi was marginally up against the US Dollar and is currently seen trading above 0.7265.<\/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;\">All Day &#8211;&nbsp; (USD) Bank Holiday<\/span>\n\t<\/li>\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;\">18.15 GMT &#8211; (GBP) MPC Member Tenreyro Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">21:00 GMT &#8211; (NZD) NZIER Business Confidence<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>The Week Ahead:<\/strong><\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\"><strong>Tuesday, January 16th<\/strong><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 &#8211; (EUR) German Final CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:45 &#8211; (EUR) French Gov Budget Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 &#8211; (GBP) CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 &#8211; (EUR) Italian Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">17:00 &#8211; (CHF) SNB Chairman Jordan 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;\"><strong>Wednesday, January 17th<\/strong><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 &#8211; (EUR) Final CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">11:45 &#8211; (GBP) MPC Member Saunders Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:15 &#8211; (USD) Industrial Production m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:00 &#8211; (CAD) BOC Rate Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">16:15 &#8211; (CAD) BOC Press Conference<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">21:30 &#8211; (USD) FOMC Member Mester 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;\"><strong>Thursday, January 18th<\/strong><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 &#8211; (EUR) German Buba President Weidmann Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 &#8211; (CAD) ADP Non-Farm Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 &#8211; (USD) Building Permits<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 &#8211; (USD) Unemployment Claims<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">16:00 &#8211; (USD) Crude Oil Inventories<\/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;\"><strong>Friday, January 19th<\/strong><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00- (EUR) German PPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:15 &#8211; (CHF) PPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 &#8211; (EUR) Current Account<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 &#8211; (GBP) Retail sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">13:30 &#8211; (CAD) Manufacturing Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">15:00 &#8211; (USD) Prelim UoM Consumer Sentiment<\/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 0.26 %, Shanghai Composite lost 0.27&nbsp;%, Hang Seng rose 0.56&nbsp;%, ASX 200 up 0.12 % Commodities: Gold at $1344.40 (0.70 %), Silver at $17.42 (1.63 %), WTI Oil at $64.50 (0.31 %), Brent Oil at $69.97 (0.14 %) Rates: US 10-year yield at 2.55, UK 10-year yield at &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-15th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 15th 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-24659","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\/24659","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=24659"}],"version-history":[{"count":4,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24659\/revisions"}],"predecessor-version":[{"id":24663,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24659\/revisions\/24663"}],"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=24659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=24659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=24659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}