{"id":21669,"date":"2017-06-22T10:02:41","date_gmt":"2017-06-22T04:32:41","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=21669"},"modified":"2017-06-22T10:02:41","modified_gmt":"2017-06-22T04:32:41","slug":"thursday-22nd-june-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/thursday-22nd-june-european-open-briefing\/","title":{"rendered":"Thursday 22nd 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 0.10 %, Shanghai Composite gained 0.75 %, Hang Seng rose 0.50 %, ASX 200 rallied 0.80 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1254 (+0.65 %), Silver at $16.58 (+1.25 %), WTI Oil at $42.50 (-0.05 %), Brent Oil at $44.80 (-0.10 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.16, UK 10-year yield at 1.04, German 10-year yield at 0.26\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tRBNZ Keeps Official Cash Rate Unchanged at 1.75%, As Expected&nbsp;\n\t<\/li>\n<li>\n\t\tRBNZ: Monetary Policy Remain Accommodative for Considerable Period\n\t<\/li>\n<li>\n\t\tRBNZ: Longer-Term Inflation Expectations Remain Well-Anchored at Around 2%\n\t<\/li>\n<li>\n\t\tRBNZ: Expects Future Headline Inflation to Reach the Midpoint of The Target Band Over the Medium Term\n\t<\/li>\n<li>\n\t\tRBNZ: Inflation Rise Mainly Due to Temporary Factors, May Lead to Some Variability in Headline Inflation\n\t<\/li>\n<li>\n\t\tRBNZ: House Price Inflation Has Moderated Further, Moderation Projected to Continue\n\t<\/li>\n<li>\n\t\tRBNZ: Risk of Resurgence in House Price Inflation Given the Ongoing Imbalance Between Supply and Demand\n\t<\/li>\n<li>\n\t\tPBoC Fixes USDCNY Reference Rate At 6.8197 (prev fix 6.8193 prev close 6.8299)\n\t<\/li>\n<li>\n\t\tAsian stocks rise as oil tries to claw up from 10-month low &#8211; RTRS\n\t<\/li>\n<li>\n\t\tDollar index steady below one-month high; Kiwi firms after RBNZ &#8211; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe RBNZ kept rates unchanged as expected, and maintained an optimistic outlook for the NZ economy. NZD\/USD rallied from 0.7210 to 0.7270 immediately after the statement was released. The pair retraced some of the gains later in the session, but remains well bid. A test of 0.7320 resistance seems likely in the near-term.\n<\/p>\n<p>\n\tAUD\/NZD selling brought the Australian Dollar under pressure. AUD\/USD fell from 0.7560 to 0.7540. Support at 0.7520 is now key. A break below that support level could signal that AUD\/USD will extend losses to 0.74 in the short-term.\n<\/p>\n<p>\n\tUSD\/JPY fell in Asia, despite the recovery in stock markets. Support is seen at 110.80 and 110.20\/25, while strong resistance lies ahead of 112. Overall, the outlook is still positive and there is solid buying interest ahead of 110.\n<\/p>\n<p>\n\tThe Euro remains resilient and managed once again to bounce ahead of 1.11. In Asia, EUR\/USD recovered to 1.1170. Should it manage to clear 1.12 resistance, a retest of 1.13 is likely.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\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","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.10 %, Shanghai Composite gained 0.75 %, Hang Seng rose 0.50 %, ASX 200 rallied 0.80 % Commodities: Gold at $1254 (+0.65 %), Silver at $16.58 (+1.25 %), WTI Oil at $42.50 (-0.05 %), Brent Oil at $44.80 (-0.10 %) Rates: US 10-year yield at 2.16, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/thursday-22nd-june-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 22nd 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-21669","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\/21669","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=21669"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21669\/revisions"}],"predecessor-version":[{"id":21670,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21669\/revisions\/21670"}],"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=21669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=21669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=21669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}