{"id":20879,"date":"2017-04-25T09:48:15","date_gmt":"2017-04-25T04:18:15","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=20879"},"modified":"2017-04-25T09:48:15","modified_gmt":"2017-04-25T04:18:15","slug":"tuesday-25th-april-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/tuesday-25th-april-european-open-briefing\/","title":{"rendered":"Tuesday 25th 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 up 0.80 %, Shanghai Composite gained 0.40 %, Hang Seng rose 1.00 %, ASX 200 closed for holiday\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1275 (-0.20 %), Silver at $17.95 (+0.15 %), WTI Oil at $49.50 (+0.50 %), Brent Oil at $52.40 (+0.55 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.28, UK 10-year yield at 1.05, 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\tJapan Services PPI (Mar): 0.80% (est 0.70%, prev 0.80%)\n\t<\/li>\n<li>\n\t\tAsia stocks rise, euro steady as relief from French vote buoys sentiment &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil edges up after six days of straight losses &#8211; RTRS\n\t<\/li>\n<li>\n\t\tEuro pauses after rally, Canadian dollar hit by U.S. duties on lumber &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tAsian stock markets rose overnight, led by gains in the Nikkei. The outcome of the first round of the French election and US President Trump&#39;s announcement regarding his tax reform have kept stocks bid. Australian and New Zealand markets were closed for a holiday.\n<\/p>\n<p>\n\tIn the currency market, the largest moves overnight were seen in the CAD pairs. The Canadian Dollar came under pressure after the US announced it will impose a tax on Canadian lumber imports. USD\/CAD rallied to a high of 1.3560 and could approach 1.36 resistance soon. While the pair looks a bit overbought in the short-term, 1.36 is an important level. If it breaks above it, further gains towards 1.38 seem likely.\n<\/p>\n<p>\n\tPrice action in the other major pairs was rather quiet. EUR\/USD and GBP\/USD consolidated in tight ranges. USD\/JPY rose slightly after the Tokyo open, underpinned by the rally in stock markets. AUD\/USD traded 0.7550-70 in Asia, while the New Zealand Dollar came a bit under pressure. It fell from 0.7015 to a low of 0.6985.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t15:00 GMT &#8211; US New Home Sales\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Richmond Manufacturing Index\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.80 %, Shanghai Composite gained 0.40 %, Hang Seng rose 1.00 %, ASX 200 closed for holiday Commodities: Gold at $1275 (-0.20 %), Silver at $17.95 (+0.15 %), WTI Oil at $49.50 (+0.50 %), Brent Oil at $52.40 (+0.55 %) Rates: US 10-year yield at 2.28, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/tuesday-25th-april-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 25th 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-20879","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\/20879","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=20879"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20879\/revisions"}],"predecessor-version":[{"id":20880,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20879\/revisions\/20880"}],"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=20879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=20879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=20879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}