{"id":21615,"date":"2017-06-19T10:10:36","date_gmt":"2017-06-19T04:40:36","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=21615"},"modified":"2017-06-19T10:10:36","modified_gmt":"2017-06-19T04:40:36","slug":"monday-19th-june-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/monday-19th-june-european-open-briefing\/","title":{"rendered":"Monday 19th June: 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 0.60 %, Shanghai Composite rose 0.45 %, Hang Seng rallied 1.00 %, ASX 200 gained 0.30 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1255 (-0.10 %), Silver at $16.65 (-0.05 %), WTI Oil at $44.85 (-0.30 %), Brent Oil at $47.25 (-0.30 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.16, UK 10-year yield at 1.02, German 10-year yield at 0.28\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tNew Zealand Westpac Consumer Sentiment 113.4 vs 111.9 previous\n\t<\/li>\n<li>\n\t\tJapan Trade Balance -JPY203bln vs JPY76bln expected\n\t<\/li>\n<li>\n\t\tJapan Exports 14.9 % vs 16.1 % expected\n\t<\/li>\n<li>\n\t\tJapan Imports 17.8 % vs 14.8 % expected\n\t<\/li>\n<li>\n\t\tAustralia New Motor Vehicle Sales 2.9 % vs 0.3 % previous\n\t<\/li>\n<li>\n\t\tChina House Prices 10.4 % vs 10.7 % previous\n\t<\/li>\n<li>\n\t\tUK House Price Index -0.4 % vs 1.2 % previous\n\t<\/li>\n<li>\n\t\tAsia stocks shake off Wall St. blues, sterling steady before Brexit talks &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices fall on further rise in US drilling, signs of slowing demand &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar firm before Fed&#39;s Dudley speech, euro and pound hold steady &#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 long 79K vs 74K long last week. Longs increased 5K\n\t<\/li>\n<li>\n\t\tGBP short 39K vs 37K short last week. Shorts increased by 2K\n\t<\/li>\n<li>\n\t\tJPY short 51K vs 55K short last week. Shorts trimmed by 4K.\n\t<\/li>\n<li>\n\t\tCHF short 14K vs 17K short last week. Shorts trimmed by 3K\n\t<\/li>\n<li>\n\t\tCAD short 88K vs 94K short.&nbsp; Shorts trimmed by 6K\n\t<\/li>\n<li>\n\t\tAUD short 1 vs square. &nbsp;Shorts increased by 1K\n\t<\/li>\n<li>\n\t\tNZD long 1K vs 2K short last week\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe US Dollar came again under pressure in Asia, following more disappointing US economic data on Friday. The New Zealand Dollar was the best performing currency overnight, with NZD\/USD rallying to 0.73. Should it break above that level, next resistance is noted at 0.7380. The Australian Dollar followed the NZD higher, but lacked the momentum. AUD\/USD reached a high of only 0.7630. AUD\/NZD selling weighed a bit on the currency.\n<\/p>\n<p>\n\tUSD\/JPY recovered along with stocks. The pair rose from 110.70 to 111.15. The outlook is still positive and another test of 111.50 resistance likely. Meanwhile, the Euro consolidated in a 1.1190-1.1205 range, while GBP\/USD traded 1.2755-80.\n<\/p>\n<p>\n\tThere will likely be a positive reaction to the French parliamentary election outcome once Europe opens. EU stock markets are likely to open higher as well.\n<\/p>\n<p>\n\tThere are no notable data releases scheduled for today. The only event is a speech by FOMC member Dudley at 1300 BST.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t13:00 BST &#8211; FOMC Member Dudley speaks\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>The Week Ahead:<\/strong>\n<\/p>\n<p>\n\t<u>Tuesday, June 20<sup>th<\/sup> <\/u>\n<\/p>\n<ul>\n<li>\n\t\t02:30 BST &#8211; Australia House Price Index\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; RBA Meeting Minutes\n\t<\/li>\n<li>\n\t\t07:30 BST &#8211; SNB Chairman Jordan speaks\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Current Account\n\t<\/li>\n<li>\n\t\t13:00 BST &#8211; FOMC Member Fischer speaks\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Current Account\n\t<\/li>\n<li>\n\t\t20:00 BST &#8211; FOMC Member Kaplan speaks\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, June 21<sup>st<\/sup> <\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:50 BST &#8211; Bank of Japan Meeting Minutes\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Existing Home Sales\n\t<\/li>\n<li>\n\t\t15:30 BST &#8211; US Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t22:00 BST &#8211; RBNZ Rate Decision\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, June 22<sup>nd<\/sup> <\/u>\n<\/p>\n<ul>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian Retail Sales\n\t<\/li>\n<li>\n\t\t14:00 BST &#8211; US House Price Index\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; Euro Zone Consumer Confidence\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, June 23<sup>rd<\/sup> <\/u>\n<\/p>\n<ul>\n<li>\n\t\t08:00 BST &#8211; French Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:00 BST &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; German Manufacturing PMI\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Manufacturing PMI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Services PMI\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 Core CPI\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Services PMI\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Manufacturing PMI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US New Home Sales\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.60 %, Shanghai Composite rose 0.45 %, Hang Seng rallied 1.00 %, ASX 200 gained 0.30 % Commodities: Gold at $1255 (-0.10 %), Silver at $16.65 (-0.05 %), WTI Oil at $44.85 (-0.30 %), Brent Oil at $47.25 (-0.30 %) Rates: US 10-year yield at 2.16, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/monday-19th-june-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 19th June: 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-21615","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\/21615","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=21615"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21615\/revisions"}],"predecessor-version":[{"id":21616,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21615\/revisions\/21616"}],"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=21615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=21615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=21615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}