{"id":22398,"date":"2017-08-16T10:48:09","date_gmt":"2017-08-16T05:18:09","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=22398"},"modified":"2017-08-16T10:51:34","modified_gmt":"2017-08-16T05:21:34","slug":"wednesday-16th-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/wednesday-16th-august-european-open-briefing\/","title":{"rendered":"Wednesday 16th 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 rose 0.01 %, Shanghai Composite fell 0.22 %, Hang Seng climbed 0.73 %, ASX up 0.21 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1278.79 (- 0.05 %), Silver at $16.68 (- 0.16 %), WTI Oil at $47.78 (+0.48 %), Brent Oil at $51.11 (+0.61 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.26, UK 10-year yield at 1.08, German 10-year yield at 0.43\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAUD Wage Price Index q\/q 0.5 % vs 0.5 % expected\n\t<\/li>\n<li>\n\t\tNZD GDT Price Index -0.4 % vs &ndash; 1.6 % previous\n\t<\/li>\n<li>\n\t\tUSD Retails Sales m\/m 0.6 % vs 0.3 % expected\n\t<\/li>\n<li>\n\t\tUSD Core Retails Sales m\/m 0.5 % vs 0.3 % expected\n\t<\/li>\n<li>\n\t\tGBP CPI y\/y 2.6 % vs 2.7 % expected\n\t<\/li>\n<li>\n\t\tGBP PPI Input m\/m 0.0 % vs 0.4 % expected\n\t<\/li>\n<li>\n\t\tCHF PPI m\/m 0.0 % vs -0.1 % previous\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tAsian equity markets continued to inch ahead today as global Markets are starting to settle down after a tumultuous few days spurred by heightened tensions between the U.S. and North Korea\n<\/p>\n<p>\n\tAUD\/USD broke its two-day decline and started moving a little higher on the session after the wages data came in as expected, Price moved in from lows under 0.7820 to around 0.7840&nbsp;gaining over 0.2 % against the US Dollar\n<\/p>\n<p>\n\tUSD\/JPY was little changed in Wednesday&rsquo;s Asian session&nbsp;with price currently seen trading around it&rsquo;s opening price of 110.65 per dollar. It is worth mentioning that the yen had taken an added blow from the easing in risk aversion and lost 1.4 % against the dollar yesterday.\n<\/p>\n<p>\n\tEUR\/USD was little changed in the Asian session today. The Euro had experienced another wave of selling on Tuesday, exacerbated by a broad-based advance in US retail sales falling to lows of 1.16872 before recovering some ground going into the US segment as price struck above the 1.17 handle\n<\/p>\n<p>\n\tGBP\/USD slumped heavily after UK inflation numbers came in below expected, losing over 100 pips breaching key support levels against the US dollar. The pound is currently seen trading at $1.2870, having shed over 1.0 % overnight.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:30 GMT &ndash; (GBP) Average Earnings Index 3m\/y\n\t<\/li>\n<li>\n\t\t08:30 GMT &ndash; (GBP) Claimant Count Change\n\t<\/li>\n<li>\n\t\t08:30 GMT &ndash; (GBP) Unemployment Rate\n\t<\/li>\n<li>\n\t\t09:00 GMT &ndash; (EUR) Flash GDP q\/q\n\t<\/li>\n<li>\n\t\t12:30 GMT &ndash; (CAD) Foreign Securities Purchases\n\t<\/li>\n<li>\n\t\t12:30 GMT &ndash; (USD) Housing Starts\n\t<\/li>\n<li>\n\t\t12:30 GMT &ndash; (USD) Building Permits\n\t<\/li>\n<li>\n\t\t14:30 GMT &ndash; (USD) Crude Oil Inventories\n\t<\/li>\n<li>\n\t\t18:00 GMT &ndash; (USD) FOMC Meeting Minutes\n\t<\/li>\n<li>\n\t\t22:45 GMT &ndash; (NZD) PPI Input q\/q\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei rose 0.01 %, Shanghai Composite fell 0.22 %, Hang Seng climbed 0.73 %, ASX up 0.21 % Commodities: Gold at $1278.79 (- 0.05 %), Silver at $16.68 (- 0.16 %), WTI Oil at $47.78 (+0.48 %), Brent Oil at $51.11 (+0.61 %) Rates: US 10-year yield at 2.26, UK &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/wednesday-16th-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 16th 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-22398","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\/22398","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=22398"}],"version-history":[{"count":4,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22398\/revisions"}],"predecessor-version":[{"id":22402,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22398\/revisions\/22402"}],"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=22398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=22398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=22398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}