{"id":20761,"date":"2017-04-17T10:10:37","date_gmt":"2017-04-17T04:40:37","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=20761"},"modified":"2017-04-18T10:31:34","modified_gmt":"2017-04-18T05:01:34","slug":"monday-17th-april-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/monday-17th-april-european-open-briefing\/","title":{"rendered":"Monday 17th April: 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 0.05 %, Shanghai Composite fell 1.30 %, Hang Seng and ASX 200 closed for holiday\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1292 (+0.30 %), Silver at $18.59 (+0.45 %), WTI Oil at $52.75 (-0.80 %), Brent Oil at $55.45 (-0.80 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.21, UK 10 year yield at 1.05, German 10 year yield at 0.19\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tChina GDP QoQ 1.3 % (exp 1.6 % prev 1.7 %)\n\t<\/li>\n<li>\n\t\tChina GDP YoY 6.9 % (exp 6.8 % prev 6.8 %)\n\t<\/li>\n<li>\n\t\tChina Industrial Production 7.6 % (exp 6.3 % prev 6.3 %)\n\t<\/li>\n<li>\n\t\tChina Retail Sales 10.9 % (exp 9.6 % prev 9.5 %)\n\t<\/li>\n<li>\n\t\tChina first-quarter GDP grows faster than expected 6.9 percent, steel output hits record &#8211; RTRS\n\t<\/li>\n<li>\n\t\tJapan says it&#39;s committed to G20 agreement on forex policy &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar hits five-month low vs. yen as North Korea tensions mount &#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 19K vs 11K short last week. Shorts increase by 8K\n\t<\/li>\n<li>\n\t\tGBP short 106K vs 100K short last week. Shorts increase by 6K\n\t<\/li>\n<li>\n\t\tJPY short 35K vs 46K short last week. Shorts trimmed by 11K\n\t<\/li>\n<li>\n\t\tCHF short 10K vs 14K short last week. Shorts trimmed by 4K\n\t<\/li>\n<li>\n\t\tCAD short 32K vs 30K short.&nbsp; Shorts increased by 2K\n\t<\/li>\n<li>\n\t\tAUD long 45K vs 50K long.&nbsp; Longs trimmed by 5K\n\t<\/li>\n<li>\n\t\tNZD short 15K vs 15K short last week.&nbsp; No change\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tIt was another risk-off session overnight, as tensions between the US and North Korea keep traders worried. The Yen appreciated overnight, while the Dollar declined against most other major currencies. Gold rallied to $1295, a fresh 6-month high. Strong resistance is seen at $1300-10 however, and the commodity is looking slightly overbought in the short-term.\n<\/p>\n<p>\n\tEven stronger than expected Chinese data did not help to improve market sentiment. The Shanghai Composite index fell more than one percent overnight. Japan&rsquo;s Nikkei 225 finished the trading day with a loss as well.\n<\/p>\n<p>\n\tVolatility should remain rather low in the upcoming session, as most markets in Europe remain closed for a public holiday. However, US markets will reopen today, so it might pick up again in the afternoon.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t13:30 GMT &#8211; US NY Empire State Manufacturing Index\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US NAHB Housing Market Index\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, April 18th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t01:30 GMT &#8211; RBA Meeting Minutes\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Building Permits\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Housing Starts\n\t<\/li>\n<li>\n\t\t14:15 GMT &#8211; US Industrial Production\n\t<\/li>\n<li>\n\t\t14:15 GMT &#8211; US Manufacturing Production\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, April 19th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone CPI\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Euro Zone Trade Balance\n\t<\/li>\n<li>\n\t\t15:30 GMT &#8211; US Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t23:45 GMT &#8211; New Zealand CPI\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, April 20th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:50 GMT &#8211; Japanese Trade Balance\n\t<\/li>\n<li>\n\t\t07:00 GMT &#8211; German PPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Philadelphia Fed Manufacturing Index\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, April 21st<\/u>\n<\/p>\n<ul>\n<li>\n\t\t08:00 GMT &#8211; French Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:00 GMT &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:30 GMT &#8211; German Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:30 GMT &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Manufacturing 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 Retail Sales\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; Canadian CPI\n\t<\/li>\n<li>\n\t\t14:45 GMT &#8211; US Manufacturing PMI\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 Existing Home Sales\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.05 %, Shanghai Composite fell 1.30 %, Hang Seng and ASX 200 closed for holiday Commodities: Gold at $1292 (+0.30 %), Silver at $18.59 (+0.45 %), WTI Oil at $52.75 (-0.80 %), Brent Oil at $55.45 (-0.80 %) Rates: US 10 year yield at 2.21, UK 10 year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/monday-17th-april-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 17th April: 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-20761","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\/20761","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=20761"}],"version-history":[{"count":2,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20761\/revisions"}],"predecessor-version":[{"id":20773,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20761\/revisions\/20773"}],"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=20761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=20761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=20761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}