{"id":23426,"date":"2017-10-20T10:32:40","date_gmt":"2017-10-20T05:02:40","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23426"},"modified":"2017-10-20T10:32:40","modified_gmt":"2017-10-20T05:02:40","slug":"friday-20th-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/friday-20th-october-european-open-briefing\/","title":{"rendered":"Friday 20th October: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian stock markets: Nikkei down 0.03 %, Shanghai Composite rose 0.05 %, Hang Seng gained 0.98 %, ASX 200 up 0.20%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities: Gold at $1285.71 (-0.33 %), Silver at $17.20 (-0.30 %), WTI Oil at $51.46 (0.33 %), Brent Oil at $57.35 (0.21 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates: US 10-year yield at 2.35, UK 10-year yield at 1.28, German 10-year yield at 0.39<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Credit Card Spending y\/y <strong>4.9 % vs 6.4 %<\/strong> previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Retail Sales m\/m <strong>-0.8 % vs -0.1 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Unemployment Claims <strong>222K vs 240K<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Philly Fed Manufacturing Index <strong>27.9 vs 21.9<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) CB Leading Index m\/m <strong>-0.2 % vs 0.1 %<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Natural Gas Storage <strong>51 B vs 59 B<\/strong> expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">U.S. jobless claims hit 44-1\/2-year low; mid-Atlantic factories humming<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Senate passes budget blueprint key to Trump tax effort<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Oil rises on tighter fundamentals, but China warning holds back market- RTRS<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asia-Pacific equity markets lacked direction early on Friday following weakness in Europe and Wall street but rebounded as the session progressed. Treasuries fell and the dollar climbed after the latest developments in Washington raised the chances for American tax cuts. By a 51-to-49 vote, the Republican-controlled Senate voted for the budget measure, which would add up to $1.5 trillion to the federal deficit over the next decade in order to pay for proposed tax cuts.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">USDJPY had an active session early on Friday, the dollar gained close to 0.6 percent against the Yen moving up through 112.80 and continued climbing to highs of 113.30. The Dollar is on track to gain 1.2 percent for the week. Japan&#39;s&nbsp;Nikkei 225 was recently down 0.1% in danger of snapping 13-day streak of gain as the dollar rebounded against the Yen.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">EURUSD is currently seen trading around 1.1815 down from session highs of 1.1858 as the Euro dropped 0.3 percent against the US Dollar. News out of Spain that Catalan separatists ask supporters to take cash out of banks on Friday morning might cause a bit of stir in early Europe The&nbsp;dollar index, which tracks the dollar against a basket of currencies gained 0.2 percent and is currently valued at 93.46<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">AUDUSD dropped from around 0.7870 and is currently seen trading around 0.7845, as thee USD moved sharply higher across the board. The Aussie is down 0.4 % against the US Dollar. Likewise, the Kiwi continuing its downtrend fell below the round number 0.7000, The New Zealand dollar is currently seen trading around 0.6987 after creating fresh lows of 0.6971<\/span>\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 GMT &ndash; (GBP) Public Sector Net Borrowing<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) CPI m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Core Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Common CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Median CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 GMT &ndash; (CAD) Trimmed CPI y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">14:00 GMT &ndash; (USD) Existing Home Sales<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">23:30 GMT &ndash; (USD) Fed Chair Yellen Speaks<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei down 0.03 %, Shanghai Composite rose 0.05 %, Hang Seng gained 0.98 %, ASX 200 up 0.20% Commodities: Gold at $1285.71 (-0.33 %), Silver at $17.20 (-0.30 %), WTI Oil at $51.46 (0.33 %), Brent Oil at $57.35 (0.21 %) Rates: US 10-year yield at 2.35, UK 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/friday-20th-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 20th October: 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-23426","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\/23426","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=23426"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23426\/revisions"}],"predecessor-version":[{"id":23427,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23426\/revisions\/23427"}],"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=23426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}