{"id":22263,"date":"2017-08-07T10:47:46","date_gmt":"2017-08-07T05:17:46","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=22263"},"modified":"2017-08-07T10:47:46","modified_gmt":"2017-08-07T05:17:46","slug":"monday-7th-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/monday-7th-august-european-open-briefing\/","title":{"rendered":"Monday 7th August: 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 0.04 %, Hang Seng rose 0.41 %, ASX 200 gained 0.90 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1262.80 (-0.14 %), Silver at $16.24 (-0.06 %), WTI Oil at $49.42 (-0.32 %), Brent Oil at $52.25.10 (-0.32 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.26, UK 10 year yield at 1.17, German 10 year yield at 0.46\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tNZD inflation Expectations q\/q 2.1 % vs 2.2 % previous\n\t<\/li>\n<li>\n\t\tJPY Leading Indicators vs 104.6 % expected\n\t<\/li>\n<li>\n\t\tCAD Employment Change 10.9 K vs 13.1 K expected\n\t<\/li>\n<li>\n\t\tCAD Trade Balance -3.6 B vs -1.3 B expected\n\t<\/li>\n<li>\n\t\tCAD Unemployment rate 6.3 % vs 6.5 % expected\n\t<\/li>\n<li>\n\t\tUSD Non- Fam Employment Change(NFP) 209 k vs 182 K expected\n\t<\/li>\n<li>\n\t\tUSD Unemployment rate 4.3 % vs 4.3 % expected\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 83K vs 91K long last week. Longs cut by 8K\n\t<\/li>\n<li>\n\t\tGBP short 29K vs 26K short last week. Shorts increased by 3K.\n\t<\/li>\n<li>\n\t\tJPY short 112K vs 121K short last week. Shorts trimmed by 9K\n\t<\/li>\n<li>\n\t\tCHF short 1K vs 2K short last week. Shorts trimmed by 1K\n\t<\/li>\n<li>\n\t\tCAD long 41K vs 27K short. CAD longs increased by 14K.\n\t<\/li>\n<li>\n\t\tAUD long 61k vs 56k last week. &nbsp;Longs increased by 5K.\n\t<\/li>\n<li>\n\t\tNZD long 35K vs 35K long last week. No change from the prior week\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tAsian stocks opened in positive after U.S. hiring data bolstered optimism about economic growth in the world&rsquo;s largest economy.\n<\/p>\n<p>\n\tThe US dollar maintained its gains on Monday following a strong climb on Friday after data showed U.S. nonfarm payrolls rose by 209,000 jobs last month, and June&#39;s employment gain was revised higher.\n<\/p>\n<p>\n\tAUD\/USD was marginally up after&nbsp;having trimmed some of its losses following a&nbsp; drop of about 0.7 percent last week against the broadly higher dollar.\n<\/p>\n<p>\n\tGBP\/USD little changed at $1.3055. Friday&#39;s dollar surge deepened losses for sterling, which was already on the back foot after the Bank of England kept rates unchanged on Thursday and delivered a dovish message.\n<\/p>\n<p>\n\tNZD\/USD was held in check by some AUD\/NZD buying (small, but enough), keeping below 0.7415 for much of the session and straddling the figure.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:15 GMT &ndash; (CHF) CPI m\/m\n\t<\/li>\n<li>\n\t\t07:30 GMT &ndash; (GBP) Halifac HPI m\/m\n\t<\/li>\n<li>\n\t\t17:25 GMT &ndash; FOMC Member Kashkari Speaks\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, August 08th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t01:30 GMT &ndash; (AUD) NAB Business Confidence\n\t<\/li>\n<li>\n\t\t14:00 GMT &ndash; (USD) Jolts Job Openings\n\t<\/li>\n<li>\n\t\t22:35 GMT &ndash; (AUD) RBA Assist Gov Kent Speaks\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, August 09th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t01:30 GMT &ndash; (CNY) CPI &amp; PPI y\/y\n\t<\/li>\n<li>\n\t\t12:30 GMT &ndash; (CAD) Building Permits m\/m\n\t<\/li>\n<li>\n\t\t14:30 GMT &ndash; (USD) Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t21:00 GMT &ndash; (NZD) Official Cash Rate\n\t<\/li>\n<li>\n\t\t21:00 GMT &ndash; (NZD) RBNZ Rate Statement\n\t<\/li>\n<li>\n\t\t21:00 GMT &ndash; (NZD) RBNZ Press Conference\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, August 10th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t01:10 GMT &ndash; (NZD) RBNZ Gov Wheeler Speaks\n\t<\/li>\n<li>\n\t\t08:30 GMT &ndash; (GBP) Manufacturing Production m\/m\n\t<\/li>\n<li>\n\t\t12:30 GMT &ndash; (USD) Unemployment Claims\n\t<\/li>\n<li>\n\t\t12:30 GMT &ndash; (USD) PPI m\/m\n\t<\/li>\n<li>\n\t\t23:30 GMT &ndash; (AUD) RBA Gov Lowe Speaks\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, August 11th<\/u>\n<\/p>\n<ul>\n<li>\n\t\tJPY Bank Holiday\n\t<\/li>\n<li>\n\t\t12:30 BST &ndash; (USD) CPI m\/m\n\t<\/li>\n<li>\n\t\t12:30 BST &ndash; (USD) Core CPI m\/m\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.60 %, Shanghai Composite rose 0.04 %, Hang Seng rose 0.41 %, ASX 200 gained 0.90 % Commodities: Gold at $1262.80 (-0.14 %), Silver at $16.24 (-0.06 %), WTI Oil at $49.42 (-0.32 %), Brent Oil at $52.25.10 (-0.32 %) Rates: US 10 year yield at 2.26, UK &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/monday-7th-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 7th August: 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-22263","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\/22263","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=22263"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22263\/revisions"}],"predecessor-version":[{"id":22264,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22263\/revisions\/22264"}],"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=22263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=22263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=22263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}