{"id":23450,"date":"2017-10-23T10:24:17","date_gmt":"2017-10-23T04:54:17","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=23450"},"modified":"2017-10-23T10:24:17","modified_gmt":"2017-10-23T04:54:17","slug":"monday-23rd-october-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/monday-23rd-october-european-open-briefing\/","title":{"rendered":"Monday 23rd 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 up 1.20 %, Shanghai Composite rose by 0.02 %, Hang Seng lost 0.20 %, ASX 200 down 0.20 %<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">Commodities: Gold at $1277.57 (-0.23 %), Silver at $17.01 (-0.42 %), WTI Oil at $52.11 (0.52 %), Brent Oil at $57.89 (0.26 %)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">Rates: US 10-year yield at 2.38, UK 10-year yield at 1.32, German 10-year yield at 0.44<\/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;\">(USD) Existing Home Sales&nbsp;<strong>5.39 M vs 5.30<\/strong>&nbsp;expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">(CAD) CPI m\/m&nbsp;<strong>0.2 % vs 0.3 %&nbsp;<\/strong>expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">(CAD) Core Retail Sales m\/m&nbsp;<strong>-0.7 % vs 0.3 %<\/strong>&nbsp;expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">(CAD) Retail Sales m\/m&nbsp;<strong>-0.3 % vs 0.5 %<\/strong>&nbsp;expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">Oil prices rise on tightening supply, strong demand<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">Dollar climbs to three-month high against yen on Abe election win<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>CFTC Positioning Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size: 14px;\">EUR long 90K vs 98K long last week.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">GBP long 5K vs 15K long last week.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">JPY short 101K vs 101K short last week.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">CHF short 5K vs 4.3K short last week.<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">CAD long 75K vs 76K long last week<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">AUD long 62k vs 69K last week.&nbsp;<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">NZD long 7K vs 6K long last week.<\/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 were mostly higher on Monday. Japan shares were at two-decade top, yen at three-month low as Japanese Prime Minister Shinzo performed strongly in the election winning 312 out of 465 seats, with reports he, along with his coalition partner, will retain a two-thirds majority.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">USDJPY had an active session earlier today, as the Yen slid over 0.4 percent to lows of over 114.0 against the USD early in Asia before partially recovering to current levels of around 113.75. Overall the Yen currently remains down 0.2 percent against the US Dollar. The Nikkei 225 surged 1.2 percent, with exporters notching gains on the softer Japanese currency.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">EURUSD is currently seen trading around 1.1770 recovering from lows of around 1.1750 earlier in the session. The Euro eased as Spain&rsquo;s constitutional crisis aggravated concerns about political unity in the region. Currently the Euro is down 0.1 percent against the US Dollar. The&nbsp;dollar index, which tracks the dollar against a basket of currencies was up 0.1% and is currently valued at 93.74<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">AUDUSD was weak earlier in the session trading around lows of 0.7800, but recovered to current levels of 0.7822. Australian 10-year government bond yields rose 2 basis points to 2.80 percent. The Kiwi continued its downtrend as the New Zealand dollar created fresh lows of 0.6931 against the US Dollar earlier in the session before recovering to current levels of 0.6967.<\/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;\">07:00 GMT &ndash; (EUR) ECB&#39;s Praet Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">10:00 GMT &ndash; (GBP) CBI Industrial Order Expectation<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">12:30 GMT &ndash; (CAD) Wholesale Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">14:00 GMT &ndash; (EUR) Consumer Confidence<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">14:30 GMT &ndash; (AUD) CB Leading Index m\/m<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size: 14px;\"><u>Tuesday, October 24th<\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size: 14px;\">07:00 GMT &ndash; (EUR) French Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">07:00 GMT &ndash; (EUR) French Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">07:30 GMT &ndash; (EUR) German Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">07:30 GMT &ndash; (EUR) German Flash Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">08:00 GMT &ndash; (EUR) Flash Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">08:00 GMT &ndash; (EUR) Flash Services PMI<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size: 14px;\"><u>Wednesday, October 25<sup>th<\/sup><\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size: 14px;\">00:30 GMT &ndash; (AUD) CPI q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">00:30 GMT &ndash; (AUD) Trimmed Mean CPI q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">08:00 GMT &ndash; (EUR) German Ifo Business Climate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">08:30 GMT &ndash; (GBP) Prelim GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">12:30 GMT &ndash; (USD) Core Durable Goods Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">12:30 GMT &ndash; (USD) Durable Goods Orders m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">14:00 GMT &ndash; (CAD) BOC Monetary Policy Report<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">14:00 GMT &ndash; (CAD) BOC Rate Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">14:00 GMT &ndash; (CAD) Overnight Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">14:00 GMT &ndash; (USD) New Home Sales<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">14:30 GMT &ndash; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">15:15 GMT &ndash; (CAD) BOC Press Conference<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">21:45 GMT &ndash; (NZD) Trade Balance<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size: 14px;\"><u>Thursday, October 26th<\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size: 14px;\">07:00 GMT &ndash; (EUR) Spanish Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">07:45 GMT &ndash; (AUD) RBA Assist Gov Debelle Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">08:00 GMT &ndash; (EUR) M3 Money Supply y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">11:45 GMT &ndash; (EUR) Minimum Bid Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">12:30 GMT &ndash; (EUR) ECB Press Conference<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">12:30 GMT &ndash; (USD) Unemployment Claims<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">14:00 GMT &ndash; (USD) Pending Home Sales m\/m<\/span>\n\t<\/li>\n<\/ul>\n<p>\n\t<span style=\"font-size: 14px;\"><u>Friday, October 27th<\/u><\/span>\n<\/p>\n<ul>\n<li>\n\t\t<span style=\"font-size: 14px;\">00:30 GMT &ndash; (AUD) PPI q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">06:00 GMT &ndash; (EUR) German Import Prices m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">12:30 GMT &ndash; (USD) Advance GDP q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">12:30 GMT &ndash; (USD) Advance GDP Price Index q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size: 14px;\">14:00 GMT &ndash; (USD) Revised UoM Consumer Sentiment<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 1.20 %, Shanghai Composite rose by 0.02 %, Hang Seng lost 0.20 %, ASX 200 down 0.20 % Commodities: Gold at $1277.57 (-0.23 %), Silver at $17.01 (-0.42 %), WTI Oil at $52.11 (0.52 %), Brent Oil at $57.89 (0.26 %) Rates: US 10-year yield at 2.38, UK &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/monday-23rd-october-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 23rd 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-23450","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\/23450","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=23450"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23450\/revisions"}],"predecessor-version":[{"id":23451,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/23450\/revisions\/23451"}],"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=23450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=23450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=23450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}