{"id":20229,"date":"2017-03-03T10:57:27","date_gmt":"2017-03-03T05:27:27","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=20229"},"modified":"2017-03-03T10:57:27","modified_gmt":"2017-03-03T05:27:27","slug":"friday-3rd-march-europea-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/friday-3rd-march-europea-open-briefing\/","title":{"rendered":"Friday 3rd March: Europea 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 0.60 %, Shanghai Composite lost 0.40 %, Hang Seng declined 0.65 %, ASX 200 lost 0.80 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1233 (+0.05 %), Silver at $17.78 (+0.15 %), WTI Oil at $52.70 (+0.10 %), Brent Oil at $55.15 (+0.15 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.48, UK 10-year yield at 1.21, German 10-year yield at 0.32\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan CPI Jan (YoY): 0.4%\n\t<\/li>\n<li>\n\t\tJapan Services PMI Feb: 51.3 (Prior 51.9)\n\t<\/li>\n<li>\n\t\tJapan Composite PMI Feb: 52.2 (Prior 52.3)\n\t<\/li>\n<li>\n\t\tJapan Household Spending Jan (YoY): -1.2% (Prior -0.30%)\n\t<\/li>\n<li>\n\t\tJapan Household Confidence Feb: 43.1 (Prior 43.2)\n\t<\/li>\n<li>\n\t\tJapan Unemployment Rate Jan: 3.0% (Prior 3.10%)\n\t<\/li>\n<li>\n\t\tJapan Jobs\/Applications Ratio Jan: 1.44 (Prior 1.43)\n\t<\/li>\n<li>\n\t\tAustralia AIG Services Index Feb: 49.0 (Prior 54.5)\n\t<\/li>\n<li>\n\t\tPBoC Fixes USDCNY Reference Rate At 6.8896 (prev fix 6.8809)\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar is showing renewed strength, as the market is clearly expecting a rate hike by the Federal Reserve this month. Several major pairs are approaching key support level. EUR\/USD is nearing 1.05 again, while GBP\/USD briefly broke below 1.2250 yesterday. A clear break sub-1.2250 would then signal that the downtrend could extend to 1.20. Meanwhile, USD\/JPY struggled at 114.50 resistance and reversed. However, demand remains solid and decent buying interest can be expected at 113.80 and again 113.50.\n<\/p>\n<p>\n\tAfter a period of low volatility, the Australian Dollar is finally moving again. The broad Dollar strength put the commodity currencies under pressure. AUD\/USD broke below 0.76 yesterday and momentum selling brought it to a low of 0.7540. Important support is now seen around 0.7510\/20. Should it break below that area, a test of 0.73 seems likely.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:00 GMT &#8211; German Retail Sales\n\t<\/li>\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\t09:00 GMT &#8211; Italian GDP\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\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\t18:00 GMT &#8211; Fed Chair Yellen speaks\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.60 %, Shanghai Composite lost 0.40 %, Hang Seng declined 0.65 %, ASX 200 lost 0.80 % Commodities: Gold at $1233 (+0.05 %), Silver at $17.78 (+0.15 %), WTI Oil at $52.70 (+0.10 %), Brent Oil at $55.15 (+0.15 %) Rates: US 10-year yield at 2.48, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/friday-3rd-march-europea-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 3rd March: Europea 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-20229","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\/20229","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=20229"}],"version-history":[{"count":2,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20229\/revisions"}],"predecessor-version":[{"id":20232,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20229\/revisions\/20232"}],"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=20229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=20229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=20229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}