{"id":21714,"date":"2017-06-26T10:05:39","date_gmt":"2017-06-26T04:35:39","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=21714"},"modified":"2017-06-26T10:05:39","modified_gmt":"2017-06-26T04:35:39","slug":"monday-26th-june-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/monday-26th-june-european-open-briefing\/","title":{"rendered":"Monday 26th 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 0.05 %, Shanghai Composite rose 0.50 %, Hang Seng rallied 0.40 %, ASX 200 gained 0.10 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1256 (+0.05 %), Silver at $16.66 (+0.10 %), WTI Oil at $43.50 (+1.10 %), Brent Oil at $46.25 (+1.05 %)\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\tJapan Corporate Services Price Index 0.7 % vs 0.7 % expected\n\t<\/li>\n<li>\n\t\tAsia stocks edge up on optimism over global growth, oil rebounds &#8211; RTRS\n\t<\/li>\n<li>\n\t\tOil climbs on weaker dollar, but rise in U.S. drilling drags &#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 45K vs 79K long last week\n\t<\/li>\n<li>\n\t\tGBP short 38K vs 39K short last week\n\t<\/li>\n<li>\n\t\tJPY short 50K vs 51K short last week\n\t<\/li>\n<li>\n\t\tCHF short 3K vs 14K short last week\n\t<\/li>\n<li>\n\t\tCAD short 82K vs 88K short\n\t<\/li>\n<li>\n\t\tAUD long 15k vs short 1K last week\n\t<\/li>\n<li>\n\t\tNZD long 21K vs 1K short last week\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tMarkets had a quiet start into the new trading week, amid a lack of data and events overnight. EUR\/USD opened around 1.12 and fell to 1.1185, while GBP\/USD consolidated in a 1.2730-50 range. USD\/JPY traded in a 111.15-35 range, while AUD\/USD rose from 0.7560 to 0.7580.\n<\/p>\n<p>\n\tAsian stock indices are mostly up on the day, led by the Shanghai Composite. Oil prices rallied overnight, which could support equities, if it can sustain momentum. Heavy resistance is seen ahead of $44 in WTI and around $46.50 in Brent.\n<\/p>\n<p>\n\tVolatility should increase again this week, with a fair number of data releases to look forward too. Today, the main event will be the German IFO numbers, an indicator for business climate and business outlook.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t09:00 BST &#8211; German IFO Business Climate\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Durable Goods Orders\n\t<\/li>\n<li>\n\t\t23:45 BST &#8211; New Zealand Trade Balance\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, June 27th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t07:45 BST &#8211; French CPI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US CB Consumer Confidence\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Richmond Manufacturing Index\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, June 28th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t07:45 BST &#8211; French Consumer Confidence\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Italian CPI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Pending Home Sales\n\t<\/li>\n<li>\n\t\t15:30 BST &#8211; US Crude Oil Inventories\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, June 29th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:50 BST &#8211; Japan Retail Sales\n\t<\/li>\n<li>\n\t\t02:00 BST &#8211; Australia HIA New Home Sales\n\t<\/li>\n<li>\n\t\t02:00 BST &#8211; New Zealand ANZ Business Confidence\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone Consumer Confidence\n\t<\/li>\n<li>\n\t\t13:00 BST &#8211; German CPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US GDP\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t23:45 BST &#8211; New Zealand Building Consents\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, June 30st<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 BST &#8211; Japan CPI\n\t<\/li>\n<li>\n\t\t00:30 BST &#8211; Japan Household Spending\n\t<\/li>\n<li>\n\t\t00:30 BST &#8211; Japan Unemployment Rate\n\t<\/li>\n<li>\n\t\t00:50 BST &#8211; Japan Industrial Production\n\t<\/li>\n<li>\n\t\t02:00 BST &#8211; China Manufacturing PMI\n\t<\/li>\n<li>\n\t\t02:00 BST &#8211; China Non-Manufacturing PMI\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Australia Private Sector Credit\n\t<\/li>\n<li>\n\t\t06:00 BST &#8211; Japan Housing Starts\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German Retail Sales\n\t<\/li>\n<li>\n\t\t08:55 BST &#8211; German Unemployment Rate\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK GDP\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone CPI\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canadian GDP\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Personal Income\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Personal Spending\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Chicago PMI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Michigan Consumer Sentiment\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.05 %, Shanghai Composite rose 0.50 %, Hang Seng rallied 0.40 %, ASX 200 gained 0.10 % Commodities: Gold at $1256 (+0.05 %), Silver at $16.66 (+0.10 %), WTI Oil at $43.50 (+1.10 %), Brent Oil at $46.25 (+1.05 %) Rates: US 10-year yield at 2.16, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/monday-26th-june-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 26th 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-21714","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\/21714","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=21714"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21714\/revisions"}],"predecessor-version":[{"id":21715,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21714\/revisions\/21715"}],"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=21714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=21714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=21714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}