{"id":24715,"date":"2018-01-18T11:58:03","date_gmt":"2018-01-18T06:28:03","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=24715"},"modified":"2018-01-18T12:22:02","modified_gmt":"2018-01-18T06:52:02","slug":"thursday-18th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-18th-january-european-open-briefing\/","title":{"rendered":"Thursday 18th 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 down 0.48%, Shanghai Composite up 0.45 %, Hang Seng lost 0.10 %, ASX flat<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1329.10 (-0.75 %), Silver at $17.06 (-0.62 %), WTI Oil at $64.01 (+0.06 %), Brent Oil at $69.35 (-0.03 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.589, UK 10-year yield at 1.302, German 10-year yield at 0.568<\/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;\">(JPY) Revised Industrial Production m\/m<strong> 0.5% vs 0.6% <\/strong>expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) 30-y Bond Auction <strong>0.83|3.8 vs 0.85|4.4 <\/strong>previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Unemployment Rate<strong> 5.5% vs 5.4%<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Employment Change <strong>34.7K vs 13.2K <\/strong>expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) HIA New Home Sales m\/m <strong>0.07% vs 1.6%<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) RICS House Price Balance <strong>8% vs -1% <\/strong>expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) MI Inflation Expectations <strong>3.7% vs 3.7%<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) TIC Long-Term Purchases<strong> 57.5B vs 50.1B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) NAHB Housing Market Index <strong>72 vs 73<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Overnight Rate<strong> 1.25% vs 1.25%<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">South Korea is considering shutting down all virtual currency exchanges, regulator says<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Trump says terminating NAFTA would yield the &#39;best deal&#39; in renegotiations- RTRS<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong style=\"font-size: 14px;\">Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">The Momentum seen on Wall Street yesterday reflected in Asian equities in today&rsquo;s session, with most of opening in the green. Although the question of how long the market bullishness will continue continues to berate investors, tailwinds from tax cuts and corporate earnings have been driving the markets. The dollar maintained overnight gains, with the yen and sterling softer. Crude oil is recovering earlier losses, with gold retreating.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">PBoC injected net CNY 90B in open market operations, for the first time in 6 sessions. China reduced US treasury holdings in November, though SAFE reiterated investments are market driven. The regulator attributed recent yuan strength to an improving economy and weaker dollar. The regulator also reaffirmed that going forward two way volatility will be the norm, and that deeper FX reforms can be expected in the coming days.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Macro events set to dominate headlines in the region. Australia employment was stronger than expected, though jobless rate ticked higher and market impact was limited. The oddly mixed employment report led the Aussie Dollar to make a whipsaw &ndash; however, the currency is now in the area which in the past has prompted the RBoA to worry about the effects of excessive currency strength on its inflation targeting mandate. Bank of Korea left rates unchanged as expected. China house prices accelerated. The main event will be China GDP and activity data. Q4 GDP consensus forecast looks 6.7% y\/y growth following 6.8% in Q3<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Cryptocurrencies continue to generate massive intraday swings. Most major cryptocurrencies slid deeper into their retracements &ndash; with Bitcoin has passed its 50% retreat from its all-time high mark. The Euros bull run was cut short by last night&rsquo;s remarks from ECB officials &ndash; however, the risk reversals gauge indicate a rising demand for EUR\/USD calls, strengthening conviction that investors expect a quick recovery.<\/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;\">07:00 AM GMT &#8211; (CNY) GDP q\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 AM GMT &#8211; (CNY) Fixed Asset Investment ytd\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 AM GMT &#8211; (CNY) Industrial Production y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 AM GMT &#8211; (CNY) NBS Press Conference<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 AM GMT &#8211; (CNY) Retail Sales y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (EUR) German Buba President Weidmann Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) ADP Non-Farm Employment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Building Permits<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Housing Starts<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Philly Fed Manufacturing Index<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Unemployment Claims<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:30 PM GMT &#8211; (USD) Natural Gas Storage<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><span style=\"font-size:14px;\">04:00 PM GMT &#8211; (USD) Crude Oil Inventories<\/span><\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 PM GMT &#8211; (NZD) Business NZ Manufacturing Index<\/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 0.48%, Shanghai Composite up 0.45 %, Hang Seng lost 0.10 %, ASX flat Commodities: Gold at $1329.10 (-0.75 %), Silver at $17.06 (-0.62 %), WTI Oil at $64.01 (+0.06 %), Brent Oil at $69.35 (-0.03 %) Rates: US 10-year yield at 2.589, UK 10-year yield at 1.302, German &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-18th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 18th 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-24715","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\/24715","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=24715"}],"version-history":[{"count":3,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24715\/revisions"}],"predecessor-version":[{"id":24718,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/24715\/revisions\/24718"}],"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=24715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=24715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=24715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}