{"id":27206,"date":"2018-06-27T11:33:35","date_gmt":"2018-06-27T06:03:35","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=27206"},"modified":"2018-06-27T12:09:55","modified_gmt":"2018-06-27T06:39:55","slug":"wednesday-27th-june-oil-gains-as-us-threatens-to-impose-sanction-on-those-buying-oil-from-iran","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-27th-june-oil-gains-as-us-threatens-to-impose-sanction-on-those-buying-oil-from-iran\/","title":{"rendered":"Wednesday 27th June: Oil Gains as US threatens to impose sanction on those buying oil from Iran"},"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 0.24%, Shanghai Composite down 0.99%, Hang Seng down 0.69%, ASX up 0.02%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1256.80 (-0.25%), Silver at $16.19 (-0.40%), Brent Oil at $76.34 (+0.26%), WTI Oil at $70.72 (+0.27%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.877, UK 10-year yield at 1.295, Germany 10-year yield at 0.337<\/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;\">(NZD) ANZ Business Confidence -39 vs -27.2 previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Trade Balance 294M vs 100M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) CB Consumer Confidence 126.4 vs 127.6 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Australian Dollar Weakens Despite Strong Chinese Industrial Profits<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Serious Fraud Office and Reserve Bank investigating CBL Insurance matters<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">UK Chancellor Hammond: Hopes Britain Can Seize Unlimited Opportunities Brought By Belt And Road Initiative &ndash; Caixin<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Yuan Tumbles To 6-Month Lows As SGH Warns China Will Seek To Reduce US Treasuries &quot;Appropriately&quot;<\/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;\">Asian stock markets are mostly lower on Wednesday amid lingering trade war concerns and following the surge in crude oil prices to above $70 a barrel after U.S. officials threatened sanctions on countries that continue to import oil from Iran. Crude oil prices continued to rise in Asian trades.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">The Japanese market is declining despite the positive cues from Wall Street and a weaker yen as lingering worries about a global trade war weighed on investor sentiment. Nikkei had been faring better but soon succumbed to risk aversion and fell 0.5 percent. Elsewhere, greater China markets notched slight gains in morning trade only to lose steam later in the day. The Australian market is modestly higher as higher commodity prices helped offset lingering trade war concerns. Gains by mining and oil stocks helped offset weakness in the banking sector.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">In currency markets, trade-sensitive currencies including the Australian and New Zealand dollars lost ground while the safe-haven yen found demand. The kiwi dollar hit its lowest in seven months at $0.6817. The dollar has been aided in part by recent gains on the Chinese yuan, which had stirred speculation Beijing was weakening its currency to bolster exports. The People&rsquo;s Bank of China (PBOC) fixed the yuan midpoint at a six-month low of 6.5569 per dollar on Wednesday. That was down 0.6 percent from the previous fix but actually a little firmer than market expectations.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">In commodity markets, gold was seemingly no longer considered a safe haven by investors and hit its lowest in over six months.<\/span>\n<\/p>\n<h4>\n\t<strong style=\"font-size: 14px;\">Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\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;\">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;\">09:30 AM GMT &#8211; (GBP) BOE Gov Carney Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) BOE Financial Stability Report<\/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) Durable Goods Orders 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<li>\n\t\t<span style=\"font-size:14px;\">04:00 PM GMT &#8211; (USD) FOMC Member Quarles Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 PM GMT &#8211; (CAD) BOC Gov Poloz Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 PM GMT &#8211; (NZD) Official Cash Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">10:00 PM GMT &#8211; (NZD) RBNZ Rate Statement<\/span>\n\t<\/li>\n<li style=\"margin: 0px 0px 2px; padding: 0px 0px 0px 18px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 18px; font-family: inherit; vertical-align: baseline; list-style-type: disc; background: none; position: relative;\">\n\t\t<span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 14px; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\" style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px;\">&amp;more&hellip;<\/a><\/span><\/span><\/span><\/span><\/span><\/span><\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.24%, Shanghai Composite down 0.99%, Hang Seng down 0.69%, ASX up 0.02% Commodities : Gold at $1256.80 (-0.25%), Silver at $16.19 (-0.40%), Brent Oil at $76.34 (+0.26%), WTI Oil at $70.72 (+0.27%) Rates : US 10-year yield at 2.877, UK 10-year yield at 1.295, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-27th-june-oil-gains-as-us-threatens-to-impose-sanction-on-those-buying-oil-from-iran\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 27th June: Oil Gains as US threatens to impose sanction on those buying oil from Iran<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":27207,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27206","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\/27206","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=27206"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27206\/revisions"}],"predecessor-version":[{"id":27209,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27206\/revisions\/27209"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/27207"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=27206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=27206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=27206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}