{"id":19846,"date":"2017-02-03T10:05:07","date_gmt":"2017-02-03T04:35:07","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=19846"},"modified":"2017-02-03T10:05:07","modified_gmt":"2017-02-03T04:35:07","slug":"friday-3rd-february-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/friday-3rd-february-european-open-briefing\/","title":{"rendered":"Friday 3rd February: 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 up 0.20 %, Shanghai Composite fell 0.60 %, Hang Seng declined 0.45 %, ASX 200 lost 0.35 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1214 (-0.40 %), Silver at $17.33 (-0.60 %), WTI Oil at $53.90 (+0.60 %), Brent Oil at $56.85 (+0.50 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.49, UK 10-year yield at 1.39, German 10-year yield at 0.43\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tChina Caixin Manufacturing PMI Jan: 51.0 (est. 51.8, prev. 51.9)\n\t<\/li>\n<li>\n\t\tAustralia AIG Services PMI Jan: 54.5 (prev. 57.7)\n\t<\/li>\n<li>\n\t\tJapan Nikkei Services PMI Jan: 51.9 (prev. 52.3)\n\t<\/li>\n<li>\n\t\tJapan Nikkei Composite PMI Jan: 52.3 (prev. 52.8)\n\t<\/li>\n<li>\n\t\tNZ ANZ Commodity Price Index (MoM) Jan: -0.1% (prev. 0.70%)\n\t<\/li>\n<li>\n\t\tSouth Korea BoP Current Account Balance (USD) Dec: 7869.2M (prev. 8892.2M)\n\t<\/li>\n<li>\n\t\tPBOC set USD\/CNY mid-point at 6.8556 (prev. fix 6.8588)\n\t<\/li>\n<li>\n\t\tSouth Korea BoP Goods Balance (USD) Dec: 9433M (prev. 10425M)\n\t<\/li>\n<li>\n\t\tAsia stumbles as Chinese markets fall after Beijing tightens policy &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar is recovering slightly ahead of the release of NFP data today at 13:30 GMT. The market is expecting good numbers following the strong ADP and initial jobless claims data.\n<\/p>\n<p>\n\tEUR\/USD fell to 1.0745 in Asia, after trading as high as 1.0820 in yesterday&#39;s NY session. Support is now seen at 1.0730, followed by 1.0680.\n<\/p>\n<p>\n\tThe British Pound has come under pressure after the Bank of England signalled that it will not hike rates anytime soon. BoE Governor Carney highlighted that many uncertainties remain around Brexit. GBP\/USD fell from 1.27 to 1.2550 and extended losses to 1.2510 in Asia.\n<\/p>\n<p>\n\tUSD\/JPY managed to find support ahead of the 112 level once again and recovered to 113.20 in Asia. Resistance is seen at 113.90-114.00, followed by 115.\n<\/p>\n<p>\n\tThe Australian Dollar retraced slightly in Asia, but remains well bid overall. Support now lies at the former resistance level at 0.7610.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:45 GMT &#8211; Italian Services PMI\n\t<\/li>\n<li>\n\t\t08:50 GMT &#8211; French 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\t10:00 GMT &#8211; Italian CPI\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\t14:45 GMT &#8211; US Services PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US ISM Non-Manufacturing PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Factory Orders\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.20 %, Shanghai Composite fell 0.60 %, Hang Seng declined 0.45 %, ASX 200 lost 0.35 % Commodities: Gold at $1214 (-0.40 %), Silver at $17.33 (-0.60 %), WTI Oil at $53.90 (+0.60 %), Brent Oil at $56.85 (+0.50 %) Rates: US 10-year yield at 2.49, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/friday-3rd-february-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 3rd February: 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-19846","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\/19846","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=19846"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19846\/revisions"}],"predecessor-version":[{"id":19849,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/19846\/revisions\/19849"}],"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=19846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=19846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=19846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}