{"id":21627,"date":"2017-06-20T10:13:18","date_gmt":"2017-06-20T04:43:18","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=21627"},"modified":"2017-06-20T10:13:18","modified_gmt":"2017-06-20T04:43:18","slug":"tuesday-20th-june-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/tuesday-20th-june-european-open-briefing\/","title":{"rendered":"Tuesday 20th 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 1.10 %, Shanghai Composite gained 0.05 %, Hang Seng fell 0.15 %, ASX 200 lost 0.50 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1246 (+0.05 %), Silver at $16.50 (+0.10 %), WTI Oil at $44.50 (+0.15 %), Brent Oil at $47.00 (+0.20 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.19, UK 10-year yield at 1.03, German 10-year yield at 0.29\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia House Price Index q\/q 2.2 % vs 2.2 % expected\n\t<\/li>\n<li>\n\t\tAustralia ANZ-Roy Morgan Weekly Consumer Confidence: 112.4 (prior 112.9)\n\t<\/li>\n<li>\n\t\tJapan Tankan Manufacturers Index +26 (prior +24)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Roy Morgan Consumer Confidence +3.1% m\/m (prior +1.8%)\n\t<\/li>\n<li>\n\t\tFed&#39;s Evans says worth waiting until year-end to assess next rate hike &#8211; RTRS\n\t<\/li>\n<li>\n\t\tAsia shares near two-year high as U.S. hi-tech rebound boosts mood &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil prices hold near seven-month lows, glut keeps dragging &ndash; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>RBA Meeting Minutes:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAppropriate to keep accommodative stance of policy unchanged\n\t<\/li>\n<li>\n\t\tWatching labour and housing markets carefully\n\t<\/li>\n<li>\n\t\tHouse prices rising briskly in some markets, tentative signs pressure starting to ease\n\t<\/li>\n<li>\n\t\tWage growth to remain low for some time, noted isolated reports of higher pay deals\n\t<\/li>\n<li>\n\t\tRecent faster pace of jobs growth to continue, but underemployment still high\n\t<\/li>\n<li>\n\t\tGDP growth to accelerate to 3 % over time, despite soft Q1\n\t<\/li>\n<li>\n\t\tRepeats a rising A$ would complicate economic adjustment\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tUSD\/JPY extended gains in Asia, as the rally in stock markets continued. The pair reached a high of 111.78 so far, and is likely to test 112 resistance soon. Should price break above that level, there is little resistance until 113.\n<\/p>\n<p>\n\tThe US Dollar regained some strength against the other major currencies as well. EUR\/USD is under pressure after another failure at 1.12, although losses have been limited to 1.1140 so far. Overall, more consolidation seems likely.\n<\/p>\n<p>\n\tThe Pound is likely to remain weak, as the Brexit negotiations will weigh on the currency. Key support is noted at 1.2640, followed by 1.25. To the topside, resistance is seen at 1.2780 and 1.2820.\n<\/p>\n<p>\n\tAUD\/USD is consolidating, but not showing any signs of weakness yet. As long as the pair can hold above 0.7520 support, the outlook is mildly positive.\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\t13:00 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","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 1.10 %, Shanghai Composite gained 0.05 %, Hang Seng fell 0.15 %, ASX 200 lost 0.50 % Commodities: Gold at $1246 (+0.05 %), Silver at $16.50 (+0.10 %), WTI Oil at $44.50 (+0.15 %), Brent Oil at $47.00 (+0.20 %) Rates: US 10-year yield at 2.19, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/tuesday-20th-june-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 20th 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-21627","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\/21627","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=21627"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21627\/revisions"}],"predecessor-version":[{"id":21628,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21627\/revisions\/21628"}],"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=21627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=21627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=21627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}