London Open Briefing: Tuesday, August 25, 2026
Good morning, London. Asian markets closed with a generally positive tone, setting up a risk-on start to the European session. The JP225 gained 0.76%, while the USTEC was up 0.46% and the US500 rose 0.19%. Gold, XAUUSD, saw a slight decline of 0.39%. The DE40 is up 0.24% and GBPJPY advanced 0.21%. The overall risk meter registers at +0.24, indicating a slight risk-on sentiment. The USD leads currency strength over the past 24 hours with +0.28%, followed by GBP at +0.14% and EUR at +0.04%.
Traders will observe the Germany Ifo Business Climate data for August, due at Tue 08:30 UTC. Consensus for the Business Climate is 84.7, down from a previous 85.6. The Ifo Business Expectations are anticipated at 83.6, compared to 84.1 prior, while the Ifo Current Business Situation is expected at 86, against a previous 87.
Later in the session, USD-related housing data arrives with the S&P/CS HPI Composite-20 n.s.a. m/m and y/y at Tue 13:00 UTC, followed by New Home Sales m/m at Tue 14:00 UTC. Retail positioning shows notable disagreement, with books differing by 23 points on EURJPY, 28 points on GBPJPY, 21 points on XAUUSD, and 37 points on NZDUSD.
The primary focus for the session remains the CB Consumer Confidence Index from the US, scheduled for Tue 14:00 UTC.
| At a glance | |
|---|---|
| Biggest moves since the previous session | JP225 +0.76%, USTEC +0.46%, XAUUSD -0.39% |
| Currency strength, 24h | USD strongest at +0.28%, CHF weakest at -0.14% |
| Risk meter | +0.24 (mildly risk-on) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 08:30 UTC | EUR | Germany Ifo Business Climate | Medium | 84.7 |
| 08:30 UTC | EUR | Germany Ifo Business Expectations | Medium | 83.6 |
| 08:30 UTC | EUR | Germany Ifo Current Business Situation | Medium | 86 |
| 13:00 UTC | USD | S&P/CS HPI Composite-20 n.s.a. m/m | Medium | 0.6% |
| 13:00 UTC | USD | S&P/CS HPI Composite-20 y/y | Medium | 1.7% |
| 14:00 UTC | USD | CB Consumer Confidence Index | High | 91.8 |
| 14:00 UTC | USD | CB Consumer Confidence | Medium | 90.3 |
| 14:00 UTC | USD | New Home Sales m/m | Medium | 5.6% |
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.