{"id":20142,"date":"2017-02-24T11:03:50","date_gmt":"2017-02-24T05:33:50","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=20142"},"modified":"2017-02-24T11:03:50","modified_gmt":"2017-02-24T05:33:50","slug":"friday-24th-february-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/friday-24th-february-european-open-briefing\/","title":{"rendered":"Friday 24th 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 0.50 %, Shanghai Composite lost 0.30 %, Hang Seng declined 0.35 %, ASX 200 fell 0.85 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1250 (-0.05 %), Silver at $18.20 (+0.35 %), WTI Oil at $54.50 (+0.10 %), Brent Oil at $56.65 (+0.10 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.38, UK 10-year yield at 1.15, German 10-year yield at 0.23\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tPBoC Fixes USDCNY Reference Rate At 6.8655 (prev fix 6.8695 prev close 6.8735)\n\t<\/li>\n<li>\n\t\tRBA Governor Lowe: There Are More Effective Ways to Stimulate Demand Than to Cut Rates Now\n\t<\/li>\n<li>\n\t\tAsian shares slip from 1-1\/2-year high, Trump&#39;s yuan remarks in focus &#8211; RTRS\n\t<\/li>\n<li>\n\t\tExclusive: Trump calls Chinese &#39;grand champions&#39; of currency manipulation &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil slips as stockpiles rise for seventh week &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tIt was fairly quiet in Asia, with no major data releases or events. The US Dollar strengthened slightly initially, but then reversed gains later in the session. AUD\/USD climbed back above 0.77, but is still struggling to gather momentum. Heavy resistance is seen ahead of the 0.7780 level, while support can be expected 0.7650.\n<\/p>\n<p>\n\tThe outlook for USD\/JPY remains bearish, with resistance now noted at 113.20 and 113.60. The pair has bounced off 112.55 support yesterday, but it looks vulnerable. Should it break below it, a retest of 111.60 seems likely.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t13:30 GMT &#8211; Canadian CPI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US New Home Sales\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Michigan Consumer Confidence\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.50 %, Shanghai Composite lost 0.30 %, Hang Seng declined 0.35 %, ASX 200 fell 0.85 % Commodities: Gold at $1250 (-0.05 %), Silver at $18.20 (+0.35 %), WTI Oil at $54.50 (+0.10 %), Brent Oil at $56.65 (+0.10 %) Rates: US 10-year yield at 2.38, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/friday-24th-february-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 24th 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-20142","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\/20142","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=20142"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20142\/revisions"}],"predecessor-version":[{"id":20143,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20142\/revisions\/20143"}],"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=20142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=20142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=20142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}