{"id":22524,"date":"2017-08-24T11:26:26","date_gmt":"2017-08-24T05:56:26","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=22524"},"modified":"2017-08-24T11:26:26","modified_gmt":"2017-08-24T05:56:26","slug":"thursday-24th-august-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/thursday-24th-august-european-open-briefing\/","title":{"rendered":"Thursday 24th 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 lost 0.28 %, Shanghai Composite lost 0.07 %, Hang Seng up 0.09 %, ASX 200 gained 0.04 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1294.98 (+0.02 %), Silver at $17.06 (+0.10 %), WTI Oil at $48.36 (-0.10 %), Brent Oil at $52.55 (-0.02 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.17, UK 10-year yield at 1.06, German 10-year yield at 0.36\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tUSD New Home Sales 571 K vs 611 K expected\n\t<\/li>\n<li>\n\t\tUSD Crude Oil Inventories -3.3 M vs -8.9 M expected\n\t<\/li>\n<li>\n\t\tEUR French Flash Manufacturing PMI 55.8 vs 54.5 expected\n\t<\/li>\n<li>\n\t\tEUR French Flash Services PMI 55.5 vs 55.9 expected\n\t<\/li>\n<li>\n\t\tEUR German Flash Manufacturing PMI 59.4 vs 57.7 expected\n\t<\/li>\n<li>\n\t\tEUR German Flash Services PMI 53.4 vs 53.4 expected\n\t<\/li>\n<li>\n\t\tEUR Flash Manufacturing PMI 57.4 vs 56.3 expected\n\t<\/li>\n<li>\n\t\tEUR Flash Services PMI 54.9 vs 55.4 expected\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tAsian equity markets gained slightly on Thursday in spite of the concerns about the Trump administration&rsquo;s ability to enact its fiscal agenda. Most indexes were seen trading in a tight range as investors await guidance from a key meeting of global central bankers.\n<\/p>\n<p>\n\tEURUSD buyers managed to find their feet early on in the day on Wednesday eventually closing the day above 1.1800, post this the Euro continued to trade within a very small range as there were very little factors driving it. Currently the Euro is seen trading close to it&rsquo;s opening price around 1.1806 against the US Dollar losing a few points (net) on the session.\n<\/p>\n<p>\n\tUSDJPY has been quite active early on Thursday in spite of the very light data inflow. The yen slipped 0.2 percent as the US dollar popped over 30 pips from early session lows under 108.90 and is currently seen trading at 109.2.\n<\/p>\n<p>\n\tAUDUSD gained a few points early in the session reaching highs of 0.79160, but it didn&#39;t last as price dipped back&nbsp;and is now little net changed on the session. The 0.7950 line is likely going to be the next target for the Aussie should the round number 0.7900 hold as support.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:30 GMT &ndash; (GBP) Second Estimate GDP q\/q\n\t<\/li>\n<li>\n\t\t08:30 GMT &ndash; (GBP) Prelim Business Investment q\/q\n\t<\/li>\n<li>\n\t\t12:30 GMT &ndash; (USD) Unemployment Claims\n\t<\/li>\n<li>\n\t\t14:00 GMT &ndash; (USD) Existing Home Sales\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei lost 0.28 %, Shanghai Composite lost 0.07 %, Hang Seng up 0.09 %, ASX 200 gained 0.04 % Commodities: Gold at $1294.98 (+0.02 %), Silver at $17.06 (+0.10 %), WTI Oil at $48.36 (-0.10 %), Brent Oil at $52.55 (-0.02 %) Rates: US 10-year yield at 2.17, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/thursday-24th-august-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 24th 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-22524","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\/22524","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=22524"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22524\/revisions"}],"predecessor-version":[{"id":22525,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/22524\/revisions\/22525"}],"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=22524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=22524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=22524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}