{"id":21224,"date":"2017-05-19T10:35:33","date_gmt":"2017-05-19T05:05:33","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=21224"},"modified":"2017-05-19T10:35:33","modified_gmt":"2017-05-19T05:05:33","slug":"friday-19th-may-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/friday-19th-may-european-open-briefing\/","title":{"rendered":"Friday 19th 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 up 0.05 %, Shanghai Composite fell 0.05 %, Hang Seng rose 0.25 %, ASX 200 lost 0.20 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1249 (-0.30 %), Silver at $16.65 (-0.10 %), WTI Oil at $49.75 (+0.80 %), Brent Oil at $52.90 (+0.70 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.23, UK 10-year yield at 1.06, German 10-year yield at 0.35\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tPBOC sets USD\/CNY central rate at 6.8786 (vs. yesterday at 6.8612)\n\t<\/li>\n<li>\n\t\tAsia stocks mixed, dollar surrenders some gains as investors remain cautious\n\t<\/li>\n<li>\n\t\tTrump administration starts countdown to NAFTA talks in mid-August\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tStock markets recovered slightly overnight. While the political crisis in Washington D.C. remains a concern for investors, they have paused to reassess the situation.\n<\/p>\n<p>\n\tThe renewed risk appetite put precious metals under pressure. Gold fell from $1265 to a low of $1246 in Asia. A break below support at $1243\/45 would suggest that the Gold is likely to test $1230 again soon.\n<\/p>\n<p>\n\tUSD\/JPY recovered along with stocks. In Asia, the pair reached a high of 111.60 after almost reaching the 110 level in the previous NY session. Resistance is seen at 112, and strong selling interest can be expected again at 112.50. USD\/JPY is likely to remain under pressure in the near-term, and the charts suggest further losses are ahead.\n<\/p>\n<p>\n\tEUR\/USD ran out of momentum in the past few trading sessions, but remains well bid. Key support is now seen at 1.1050 and 1.1020. Resistance lies at 1.1170\/80. Should that be cleared, EUR\/USD is likely to reach 1.13 in the near-term.\n<\/p>\n<p>\n\tGBP\/USD rose from 1.2930 to 1.2960 in Asia. Traders still don&#39;t have an explanation for the flash crash that occurred in the late NY session. However, the decline will likely be retraced soon.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Current Account\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian CPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Retail Sales\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; Euro Zone Consumer Confidence\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.05 %, Shanghai Composite fell 0.05 %, Hang Seng rose 0.25 %, ASX 200 lost 0.20 % Commodities: Gold at $1249 (-0.30 %), Silver at $16.65 (-0.10 %), WTI Oil at $49.75 (+0.80 %), Brent Oil at $52.90 (+0.70 %) Rates: US 10-year yield at 2.23, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/friday-19th-may-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 19th 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-21224","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\/21224","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=21224"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21224\/revisions"}],"predecessor-version":[{"id":21225,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21224\/revisions\/21225"}],"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=21224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=21224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=21224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}