London Open Briefing: Friday, September 11, 2026

London traders begin their Friday session following a generally positive tone from Asia. Gold, XAUUSD, gained 0.78%, leading the movers, with NZDUSD also up 0.51%. Equity indices across Europe and the US also saw increases, with the German DE40 rising 0.52%, the US USTEC up 0.48%, and the US30 gaining 0.41%. The Japanese JP225 also advanced 0.39%. The overall risk meter stands at +0.26, suggesting a risk-on sentiment as the session commences, with the US dollar showing strength, up 0.39% over 24 hours.

Later in the session, SNB Chairman Schlegel is scheduled to speak at 09:15 UTC, which may draw attention to the Swiss franc. Retail positioning data indicates notable divergences, with books disagreeing by 22 points on NZDUSD and 26 points on GBPJPY. Furthermore, crowd shifts show the book moved 10 points toward short on XAUUSD in the last 24 hours, while the book moved 11 points toward long on NZDUSD over the same period.

Looking ahead, market focus will likely turn to the series of high-impact US CPI releases scheduled for 12:30 UTC. These include the Core CPI y/y, with a consensus of 2.4% following a previous 2.5%, and the US CPI m/m, expected at 0.4% after a previous 0.1%.

Scheduled this session (High and Medium impact)

Times are UTC. This brief describes measured market state and the published schedule. It is not financial advice and nothing in it is a trade recommendation.