London Open Briefing: Monday, August 10, 2026
The Asian session closed with a notable risk-on tone, as evidenced by the RISK METER at +0.19 and broad JPY weakness. Japanese equities saw gains, with the JP225 up +1.30%. This sentiment carried into the forex market, where GBPJPY rose +0.40%, USDJPY gained +0.36%, and EURJPY increased +0.34%, reflecting the JPY’s -0.36% as the weakest currency over the past 24 hours.
Early London trading sees attention on recent Swedish economic data, which largely came in below consensus. Industrial New Orders year over year recorded 29.9% against a 124.3% consensus, a surprise of -75.9%. Month over month, Industrial New Orders were 1.6% compared to an expected 16.2%, a -90.1% surprise. Industrial Production also disappointed, with year over year figures at -1.5% versus a 2.6% consensus, a -157.7% surprise, and month over month at -0.4% against an 8.1% consensus, a -104.9% surprise. Private Sector Production, however, showed growth at 1.8% year over year and 0.4% month over month.
Retail books show notable disagreement on several pairs, including NZDUSD by 37 points, AUDUSD by 28 points, USDCAD by 22 points, and XAUUSD by 21 points. Looking ahead, the BCB Focus Market Report (BRL, Medium) is scheduled for Mon 11:30 UTC.
Traders will likely monitor the upcoming BCB Focus Market Report for further market direction.
| At a glance | |
|---|---|
| Biggest moves since the previous session | JP225 +1.30%, GBPJPY +0.40%, USDJPY +0.36% |
| Currency strength, 24h | GBP strongest at +0.11%, JPY weakest at -0.36% |
| Risk meter | +0.19 (mildly risk-on) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 11:30 UTC | BRL | BCB Focus Market Report | Medium | – |
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.