London Open Briefing: Monday, August 24, 2026
London traders begin the week with XAUUSD up 0.67% since the reference point, while the USTEC index is down 0.48% and the JP225 is down 0.41%. This occurs as the risk meter registers -0.22, indicating a slight risk-off tone. USDCAD has moved up 0.26%, with the Canadian dollar showing the most weakness over the last 24 hours, down -0.39%. The UK100 is up 0.14% and USDJPY is up 0.08%.
Looking ahead, the BCB Focus Market Report for BRL is scheduled at 11:30 UTC. Mexico’s GDP figures are due at 12:00 UTC, with GDP n.s.a. y/y expected at 2.2%, matching the previous 2.2%, and GDP q/q also expected at 1.5%, matching the previous 1.5%. Later, at 18:00 UTC, Treasury Secretary Bessent is scheduled to speak, which may draw attention to the USD. Over the past 24 hours, EUR, CHF, USD, and GBP have shown slight gains, while NZD is flat. Retail positioning data indicates notable disagreement among books, with NZDUSD showing a 38-point divergence, GBPJPY 25 points, EURJPY 24 points, and XAUUSD 22 points.
Traders will monitor the upcoming Mexico GDP data for potential market impact.
| At a glance | |
|---|---|
| Biggest moves since the previous session | XAUUSD +0.67%, USTEC -0.48%, JP225 -0.41% |
| Currency strength, 24h | EUR strongest at +0.09%, CAD weakest at -0.39% |
| Risk meter | -0.22 (mildly risk-off) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 11:30 UTC | BRL | BCB Focus Market Report | Medium | – |
| 12:00 UTC | MXN | GDP n.s.a. y/y | Medium | 2.2% |
| 12:00 UTC | MXN | GDP q/q | Medium | 1.5% |
| 18:00 UTC | USD | Treasury Sec Bessent Speaks | 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.