London Open Briefing: Tuesday, August 11, 2026
London traders begin their session following a mixed Asian close, with the JP225 up 0.57% and the USTEC gaining 0.13%. European indices also saw modest gains, with the DE40 up 0.08% and the UK100 rising 0.07%. Gold, XAUUSD, moved lower by 0.68%, while NZDUSD declined 0.07%. The overall market tone registers at +0.24 on the risk meter, suggesting a slight risk-on sentiment. In currency markets, the CAD leads with a +0.35% gain over 24 hours, followed by GBP at +0.26% and USD at +0.17%. The JPY is the weakest, down -0.42%. Retail positioning shows a notable flip on XAUUSD, with the book shifting from 53% long to 52% short in 24 hours. Similarly, NZDUSD saw a crowd flip from 58% short to 59% long. Disagreement among retail books is noted for AUDUSD by 22 points and EURJPY by 20 points.
Looking ahead, the session features several medium impact data releases. Brazil’s central bank, BCB, will release its MPC (Copom) Minutes at 11:00 UTC, followed by Brazil’s CPI y/y at 12:00 UTC. The consensus for CPI is 4.89%, compared to the previous 4.64%. Later in the day, US data includes Existing Home Sales m/m at 14:00 UTC, with a consensus of -0.6% following a -2.4% previous reading. The EIA Short-Term Energy Outlook is scheduled for 16:00 UTC, and a 3-Year Note Auction will take place at 17:00 UTC, with the previous auction yielding 4.179%.
Traders will be watching the US Existing Home Sales m/m release for insights into the housing market.
| At a glance | |
|---|---|
| Biggest moves since the previous session | XAUUSD -0.68%, JP225 +0.57%, USTEC +0.13% |
| Currency strength, 24h | CAD strongest at +0.35%, JPY weakest at -0.42% |
| Risk meter | +0.24 (mildly risk-on) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 11:00 UTC | BRL | BCB MPC (Copom) Minutes | Medium | – |
| 12:00 UTC | BRL | CPI y/y | Medium | 4.89% |
| 14:00 UTC | USD | Existing Home Sales m/m | Medium | -0.6% |
| 16:00 UTC | USD | EIA Short-Term Energy Outlook | Medium | – |
| 17:00 UTC | USD | 3-Year Note Auction | 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.