{"id":25280,"date":"2018-02-26T12:04:58","date_gmt":"2018-02-26T06:34:58","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=25280"},"modified":"2018-02-26T12:04:58","modified_gmt":"2018-02-26T06:34:58","slug":"monday-26th-february-markets-cautious-in-anticipation-of-eventful-week","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/monday-26th-february-markets-cautious-in-anticipation-of-eventful-week\/","title":{"rendered":"Monday 26th February: Markets cautious in anticipation of eventful week"},"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 1.22%, Shanghai Composite up 1.30%, Hang Seng up 0.79%, ASX up 0.71%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1341.3 (+0.83%), Silver at $16.695 (+1.28%), WTI Oil at $63.83 (+0.44%), Brent Oil at $67.21 (+0.25%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.857, UK 10-year yield at 1.514, German 10-year yield at 0.651<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:&nbsp;&nbsp;<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Trimmed CPI y\/y 1.80% vs 1.90% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Median CPI y\/y 1.90% vs 1.90% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) Common CPI y\/y 1.80% vs 1.60% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CAD) CPI m\/m 0.70% vs 0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Final CPI y\/y 1.30% vs 1.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China paves way for President Xi to extend his rule<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">BoJ Gov Kuroda: Will Continue Powerful Monetary Easing To Achieve Price Goal<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>CFTC Positioning Data (Week Ending February 20th, 2018)<\/strong><\/span><br \/>\n<\/h4>\n<div>\n<ul>\n<li>\n\t\t\t<span style=\"font-size:14px;\">EUR long 126K vs 128K long last week. Longs trimmed by 2K.<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">GBP long 8K vs 15K long last week. Longs trimmed by 7K.<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">JPY short 108K vs 115K short last week. Shorts trimmed by 7K.<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">CHF short 16K vs 20K short last week. short trimmed by 4K<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">CAD long 23K vs 33K long last week. Longs decreased by 10K.<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">AUD long 12k vs 9k long last week.&nbsp; Longs increased by 3K.<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">NZD long 1K vs 2K short last week. Longs trimmed by 1K.<\/span>\n\t\t<\/li>\n<\/ul>\n<\/div>\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;\">Asian markets gained cautiously on Monday, in anticipation of an event packed week. Equities can be seen to strengthen, whereas bond yields are slowly dropping, and there is a broad based weakness in the dollar. However, one has to note that the sentiment is still fragile<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Nikkei is off last week&rsquo;s high, with the yen strengthening and recouping some of the earlier losses. Chinese equities also traded higher, with the PBoC&rsquo;s liquidity boosts coming in handy. While the removal of presidential term limits might have shocked quite some, in reality, it was mostly expected, and the markets have largely ignored the news.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">With oil rallying, energy companies on ASX have been driving the index forward. It is interesting that while rates have lowered, banks on ASX seemed to have found a support.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">The Fed&rsquo;s messaging over the last week, underlined in Friday&rsquo;s governor&rsquo;s report has been that it will remain to be gradual in its tightening, even though inflation numbers continue to surprise. This has led to inflation backing off, leading to a broad based pressure on the US dollar. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">The euro traded firmer today &ndash; near term movements in the Euro will be commanded by the Italian election results and, the Social Democrat&rsquo;s coalition poll results in Germany, both on Sunday.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Oil continued to rally, supported by the OPEC-led efforts to cut global supplies, as well as the weakened dollar. The cautious sentiment in the market, and the dollar weakness, along with bond yield retreat helped gold&rsquo;s gains.<\/span>\n<\/p>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Monday, 26<sup>th<\/sup> February 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 PM GMT &#8211; (EUR) ECB President Draghi Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) New Home Sales<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:00 PM GMT &#8211; (GBP) MPC Member Cunliffe Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:15 PM GMT &#8211; (USD) FOMC Member Quarles Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:45 PM GMT &#8211; (NZD) Trade 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&hellip;<\/a><\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Tuesday, 27<sup>th<\/sup> February 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">All Day &#8211; (EUR) German Prelim CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (EUR) Spanish Flash CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (EUR) M3 Money Supply y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 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; (USD) Core Durable Goods Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Fed Chair Powell Testifies<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Durable Goods Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) CB Consumer Confidence<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Wednesday, 28<sup>th<\/sup> February 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">12:00 AM GMT &#8211; (NZD) ANZ Business Confidence<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:00 AM GMT &#8211; (CNY) Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:00 AM GMT &#8211; (CNY) Non-Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (CHF) KOF Economic Barometer<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (CHF) Credit Suisse Economic Expectations<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 AM GMT &#8211; (EUR) CPI Flash Estimate y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 AM GMT &#8211; (EUR) Core CPI Flash Estimate y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) RMPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Prelim GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:45 PM GMT &#8211; (USD) Chicago PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) Pending Home Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:30 PM GMT &#8211; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Thursday, 1<sup>st<\/sup> March 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 AM GMT &#8211; (AUD) Private Capital Expenditure q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:45 AM GMT &#8211; (CNY) Caixin Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Net Lending to Individuals m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) Current Account<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Core PCE Price Index m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (USD) Personal Spending m\/m<\/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;\">03:00 PM GMT &#8211; (USD) Fed Chair Powell Testifies<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) ISM Manufacturing PMI<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size:14px;\">Friday, 2<sup>nd<\/sup> March 2018<\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 AM GMT &#8211; (EUR) German Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 AM GMT &#8211; (EUR) Spanish Unemployment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (GBP) Prime Minister May Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Construction PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 AM GMT &#8211; (GBP) BOE Gov Carney Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">01:30 PM GMT &#8211; (CAD) GDP m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) Revised UoM Consumer Sentiment<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 1.22%, Shanghai Composite up 1.30%, Hang Seng up 0.79%, ASX up 0.71% Commodities: Gold at $1341.3 (+0.83%), Silver at $16.695 (+1.28%), WTI Oil at $63.83 (+0.44%), Brent Oil at $67.21 (+0.25%) Rates: US 10-year yield at 2.857, UK 10-year yield at 1.514, German 10-year yield at 0.651 News &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/monday-26th-february-markets-cautious-in-anticipation-of-eventful-week\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 26th February: Markets cautious in anticipation of eventful week<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25256,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25280","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\/25280","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=25280"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25280\/revisions"}],"predecessor-version":[{"id":25281,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25280\/revisions\/25281"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25256"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=25280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=25280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=25280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}