{"id":19786,"date":"2017-01-30T10:20:55","date_gmt":"2017-01-30T04:50:55","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19786"},"modified":"2017-01-30T10:20:55","modified_gmt":"2017-01-30T04:50:55","slug":"monday-30th-january-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/monday-30th-january-european-open-briefing\/","title":{"rendered":"Monday 30th January: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei down 0.65 %, ASX 200 lost 0.80 %, Shanghai &amp; Hang Seng closed for holiday\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1196 (+0.45 %), Silver at $17.18 (+0.25 %), WTI Oil at $52.90 (-0.50 %), Brent Oil at $55.40 (-0.60 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.47, UK 10-year yield at 1.47, German 10-year yield at 0.46\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan Retail Trade (YoY) Dec: 0.6% (est. 1.7%, prev. 1.7%)\n\t<\/li>\n<li>\n\t\tJapan Retail Sales (MoM) Dec: -1.7% (est. -0.5%, prev. 0.2%)\n\t<\/li>\n<li>\n\t\tGlobal shares, dollar retreat on Trump travel ban, weak U.S. GDP &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil extends decline as rising U.S. output weighs &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar slips on lacklustre U.S. data, concerns over Trump trade policy &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>CFTC Positioning Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tEUR short 52K vs. 67K short last week. Shorts trimmed by 15K\n\t<\/li>\n<li>\n\t\tGBP short 66K vs. 66K short bus week. Unchanged\n\t<\/li>\n<li>\n\t\tJPY short 67K vs. 78K short last week. Shorts trimmed by 11K\n\t<\/li>\n<li>\n\t\tCHF short 14K vs. 14K short last week. Unchanged\n\t<\/li>\n<li>\n\t\tCAD long 3K vs. 5K short last week.&nbsp; Position flips to long with change of 8K\n\t<\/li>\n<li>\n\t\tAUD long 10K vs 5K long last week. Longs increase by 5K\n\t<\/li>\n<li>\n\t\tNZD short 10K vs 12K short last week. Shorts trimmed by 2K\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe Asian stock markets reacted negatively to the political developments in the United States over the weekend, with both the Nikkei and ASX down more than 0.50 % on the day. Chinese and HK markets are closed for the Lunar New Year holiday.\n<\/p>\n<p>\n\tIn FX, the Dollar weakened against most other major currencies. EUR\/USD opened with a 20 pips gap higher and rallied to 1.0740, while GBP\/USD rose from 1.2540 to 1.26. Meanwhile, USD\/JPY came under pressure and fell from 115.00 to 114.30. Support is seen at 114.10, followed by 113.05\/10.\n<\/p>\n<p>\n\tWhile the focus has been on politics in the past few days, the weak US GDP print certainly also has weighed on the US Dollar. The economy grew only 1.9 % quarter-on-quarter, while the market expected a 2.2 % increase. Given the crowded positioning, the Dollar could remain under pressure in the near-term.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:45 GMT &#8211; RBA Assistant Governor Debelle speaks\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; ECB Member Nowotny speaks\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Consumer Confidence\n\t<\/li>\n<li>\n\t\t13:00 GMT &#8211; German CPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Pending Home Sales\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Core PCE Price Index\n\t<\/li>\n<li>\n\t\t23:30 GMT &#8211; Japanese Unemployment Rate\n\t<\/li>\n<li>\n\t\t23:30 GMT &#8211; Japanese Household Spending\n\t<\/li>\n<li>\n\t\t23:50 GMT &#8211; Japanese Industrial Production\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, January 31st<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; Australian NAB Business Confidence\n\t<\/li>\n<li>\n\t\t03:00 GMT &#8211; Bank of Japan Interest Rate Decision\n\t<\/li>\n<li>\n\t\t06:30 GMT &#8211; Bank of Japan Press Conference\n\t<\/li>\n<li>\n\t\t07:00 GMT &#8211; German Retail Sales\n\t<\/li>\n<li>\n\t\t07:45 GMT &#8211; French CPI\n\t<\/li>\n<li>\n\t\t08:00 GMT &#8211; Spanish CPI\n\t<\/li>\n<li>\n\t\t08:00 GMT &#8211; ECB President Draghi speaks\n\t<\/li>\n<li>\n\t\t08:55 GMT &#8211; German Unemployment Rate\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone GDP\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone CPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian GDP\n\t<\/li>\n<li>\n\t\t14:45 GMT &#8211; US Chicago PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US CB Consumer Confidence\n\t<\/li>\n<li>\n\t\t21:45 GMT &#8211; New Zealand Unemployment Rate\n\t<\/li>\n<li>\n\t\t22:30 GMT &#8211; Australian AIG Manufacturing Index\n\t<\/li>\n<li>\n\t\t22:35 GMT &#8211; Bank of Canada Governor Poloz speaks\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, February 1st<\/u>\n<\/p>\n<ul>\n<li>\n\t\t01:00 GMT &#8211; Chinese Manufacturing PMI\n\t<\/li>\n<li>\n\t\t01:00 GMT &#8211; Chinese Non-Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:45 GMT &#8211; Italian Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:50 GMT &#8211; French Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:55 GMT &#8211; German Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Manufacturing PMI\n\t<\/li>\n<li>\n\t\t13:15 GMT &#8211; US ADP Nonfarm Employment Change\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US ISM Manufacturing PMI\n\t<\/li>\n<li>\n\t\t15:30 GMT &#8211; US Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t19:00 GMT &#8211; Federal Reserve Interest Rate Decision\n\t<\/li>\n<li>\n\t\t19:00 GMT &#8211; FOMC Statement\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, February 2nd<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 GMT &#8211; Australian Trade Balance\n\t<\/li>\n<li>\n\t\t08:15 GMT &#8211; Swiss Retail Sales\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Construction PMI\n\t<\/li>\n<li>\n\t\t12:00 GMT &#8211; Bank of England Interest Rate Decision\n\t<\/li>\n<li>\n\t\t12:00 GMT &#8211; BoE Meeting Minutes\n\t<\/li>\n<li>\n\t\t12:30 GMT &#8211; Bank of England Governor Carney speaks\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, February 3rd<\/u>\n<\/p>\n<ul>\n<li>\n\t\t01:45 GMT &#8211; Chinese Caixin Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:45 GMT &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:50 GMT &#8211; Italian Services PMI\n\t<\/li>\n<li>\n\t\t08:55 GMT &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Services PMI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Retail Sales\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US NFP\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Unemployment Rate\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Average Hourly Earnings\n\t<\/li>\n<li>\n\t\t13:45 GMT &#8211; US Services PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Factory Orders\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US ISM Non-Manufacturing PMI\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.65 %, ASX 200 lost 0.80 %, Shanghai &amp; Hang Seng closed for holiday Commodities: Gold at $1196 (+0.45 %), Silver at $17.18 (+0.25 %), WTI Oil at $52.90 (-0.50 %), Brent Oil at $55.40 (-0.60 %) Rates: US 10-year yield at 2.47, UK 10-year yield at 1.47, &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/monday-30th-january-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 30th 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-19786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=19786"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19786\/revisions"}],"predecessor-version":[{"id":19787,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19786\/revisions\/19787"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/12469"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=19786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}