{"id":20955,"date":"2017-05-02T10:43:47","date_gmt":"2017-05-02T05:13:47","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=20955"},"modified":"2017-05-02T10:43:47","modified_gmt":"2017-05-02T05:13:47","slug":"tuesday-2nd-may-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/tuesday-2nd-may-european-open-briefing\/","title":{"rendered":"Tuesday 2nd May: 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 gained 0.70 %, Shanghai Composite fell 0.25 %, Hang Seng rose 0.30 %, ASX 200 lost 0.60 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1258 (+0.20 %), Silver at $16.97 (+0.80 %), WTI Oil at $48.75 (-0.20 %), Brent Oil at $51.50 (-0.10 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.32, UK 10-year yield at 1.09, 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\tJapanese Nikkei Services PMI Apr: 52.2 (prev 52.9)\n\t<\/li>\n<li>\n\t\tJapanese Nikkei Composite PMI Apr: 52.9 (prev 52.9)\n\t<\/li>\n<li>\n\t\tAustralia ANZ Roy Morgan Consumer Confidence 30-Apr: 111.3 (prev 111.2)\n\t<\/li>\n<li>\n\t\tSouth Korean CPI (MoM) Apr: -0.1% (exp 0.1%; prev 0.0%)\n\t<\/li>\n<li>\n\t\tSouth Korean CPI (YoY) Apr: 1.9% (exp 2.1%; prev 2.2%)\n\t<\/li>\n<li>\n\t\tSouth Korean Nikkei Manufacturing PMI Apr: 49.4 (prev 48.4)\n\t<\/li>\n<li>\n\t\tPBoC Fixes USDCNY Reference Rate At 6.8956 (prev fix 6.8931 prev close 6.8970)\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tAsian stock markets were mixed. A weak Chinese manufacturing PMI release put Chinese markets under pressure. The ASX 200 declined as well. Meanwhile, the Nikkei and Hang Seng Index managed to close the day with a gain.\n<\/p>\n<p>\n\tEUR\/USD is still consolidating. Flows were light yesterday, as most of European markets were closed for a public holiday. Volatility is likely to pick up again today, and there is a fair number of data releases as well. Key support is noted at 1.0780, while resistance is seen at 1.0950 and 1.10.\n<\/p>\n<p>\n\tSimilar price action was seen in GBP\/USD, which consolidated between 1.2880 and 1.2910. The outlook for the pair is still positive, and a test of 1.30 seems likely in the near-term. Meanwhile, USD\/JPY remains bid. It is approaching 112, and there is a key resistance level around 112.20. A break above would signal that the pair could reach 113 quickly.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:45 GMT &#8211; Italian Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:50 GMT &#8211; French Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:55 GMT &#8211; German Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Manufacturing PMI\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei gained 0.70 %, Shanghai Composite fell 0.25 %, Hang Seng rose 0.30 %, ASX 200 lost 0.60 % Commodities: Gold at $1258 (+0.20 %), Silver at $16.97 (+0.80 %), WTI Oil at $48.75 (-0.20 %), Brent Oil at $51.50 (-0.10 %) Rates: US 10-year yield at 2.32, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/tuesday-2nd-may-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 2nd May: 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-20955","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\/20955","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=20955"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20955\/revisions"}],"predecessor-version":[{"id":20956,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20955\/revisions\/20956"}],"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=20955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=20955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=20955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}