{"id":20035,"date":"2017-02-14T09:59:57","date_gmt":"2017-02-14T04:29:57","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=20035"},"modified":"2017-02-14T09:59:57","modified_gmt":"2017-02-14T04:29:57","slug":"tuesday-14th-february-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/tuesday-14th-february-european-open-briefing\/","title":{"rendered":"Tuesday 14th 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 down 0.30 %, Shanghai Composite lost 0.15 %, Hang Seng declined 0.10 %, ASX 200 gained 0.05 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1227 (+0.12 %), Silver at $17.84 (+0.10 %), WTI Oil at $53.05 (+0.25 %), Brent Oil at $55.75 (+0.25 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.44, UK 10-year yield at 1.29, German 10-year yield at 0.33\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tChina CPI (YoY) Jan: 2.5% (est 2.4% prev 2.1%)\n\t<\/li>\n<li>\n\t\tChina PPI (YoY) Jan: 6.9% (est 6.5% prev 5.5%)\n\t<\/li>\n<li>\n\t\tAustralia NAB Business Survey (Jan):\n\t<\/li>\n<li>\n\t\tConditions: 16 (rev prev 10)\n\t<\/li>\n<li>\n\t\tConfidence: 10 (prev 6)\n\t<\/li>\n<li>\n\t\tAustralia ANZ Roy Morgan Weekly Consumer Confidence Index (w\/e 12 Feb): 116.4 (prev 117.5)\n\t<\/li>\n<li>\n\t\tPBoC Fixes USDCNY Reference Rate At 6.8806 (prev fix 6.8898)\n\t<\/li>\n<li>\n\t\tFed&rsquo;s Kaplan: Fed Should Be Taking Steps to Remove Additional Amounts of Accommodation\n\t<\/li>\n<li>\n\t\tKaplan: Fed Should Raise Rates Sooner Than Later\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar declined slightly in Asia, as risk appetite improved and the demand for risk currencies increased. AUD\/USD rose from 0.7635 to 0.7675 following stronger than expected NAB business confidence data. Higher than anticipated inflation and PPI data from China additionally boosted the positive sentiment in markets.\n<\/p>\n<p>\n\tNevertheless, USD\/JPY came under pressure shortly after the Tokyo open. The pair declined from 113.75 to 113.35 and support is now seen at 113.10, followed by 112.60.\n<\/p>\n<p>\n\tWhile it has been rather quiet in the FX market in the past 24 hours, there will be plenty of data releases today with potential to move the market. Further, Fed Chair Janet Yellen will testify later in the day.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German CPI\n\t<\/li>\n<li>\n\t\t07:00 GMT &#8211; German GDP\n\t<\/li>\n<li>\n\t\t08:15 GMT &#8211; Swiss CPI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Italian GDP\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK CPI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; German ZEW Economic Sentiment\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 Industrial Production\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone ZEW Economic Sentiment\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US PPI\n\t<\/li>\n<li>\n\t\t13:50 GMT &#8211; FOMC Member Lacker speaks\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; Fed Chair Yellen speaks\n\t<\/li>\n<li>\n\t\t18:00 GMT &#8211; FOMC Member Kaplan speaks\n\t<\/li>\n<li>\n\t\t18:15 GMT &#8211; FOMC Member Lockhart speaks\n\t<\/li>\n<li>\n\t\t23:30 GMT &#8211; Australian Westpac Consumer Sentiment\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.30 %, Shanghai Composite lost 0.15 %, Hang Seng declined 0.10 %, ASX 200 gained 0.05 % Commodities: Gold at $1227 (+0.12 %), Silver at $17.84 (+0.10 %), WTI Oil at $53.05 (+0.25 %), Brent Oil at $55.75 (+0.25 %) Rates: US 10-year yield at 2.44, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/tuesday-14th-february-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 14th 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-20035","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\/20035","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=20035"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20035\/revisions"}],"predecessor-version":[{"id":20036,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20035\/revisions\/20036"}],"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=20035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=20035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=20035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}