London Open Briefing: Tuesday, July 14, 2026 - ForexCracked
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Daily brief CHF EUR GBP

London Open Briefing: Tuesday, July 14, 2026

Published Jul 14, 07:30 UTC
Impact
3/ 10, low

The London session opens with a generally positive tone following gains in Asian markets. The JP225 index advanced +1.01% and USTEC moved +0.55%. Commodity currencies also saw strength, with NZDUSD up +0.58% and AUDUSD gaining +0.22%, while USDCAD eased -0.18%. Gold, XAUUSD, traded +0.52% higher. The broader risk meter stands at +0.34, indicating a risk-on leaning across markets. NZD leads currency strength over 24 hours at +0.55%, while CHF is the weakest at -0.68%.

Recent data releases showed significant misses. Swiss PPI y/y came in at -2.1% against a consensus of -1.5%, a -40.0% surprise. Swiss PPI m/m was -0.3% compared to a 0.1% consensus, a -400.0% surprise. Japanese data also disappointed, with Capacity Utilization Rate at 0.1% versus 1.3% consensus, and Industrial Production y/y at -2.1% against -1.7% consensus. New Zealand Visitor Arrivals y/y was 6.7% below the 9.6% consensus. Retail positioning data indicates a crowd shift toward long on AUDUSD by 8pt and on GBPUSD by 11pt in the last 24 hours. Retail books show disagreement of 20 points on NZDUSD and 21 points on AUDUSD.

Looking ahead, traders will monitor the BoE Governor Bailey Speech for GBP at 08:45 UTC. The focus then shifts to a series of high-impact US inflation figures at 12:30 UTC, including Core CPI n.s.a. m/m, CPI y/y with a consensus of 3.8%, and US CPI m/m with a consensus of -0.1%. ECB President Lagarde is also scheduled to speak for EUR at 13:00 UTC.

The cluster of US CPI data releases at 12:30 UTC will be a key event for the session.

| At a glance | |
|—|—|
| Biggest moves since the previous session | JP225 +1.01%, NZDUSD +0.58%, USTEC +0.55% |
| Currency strength, 24h | NZD strongest at +0.55%, CHF weakest at -0.68% |
| Risk meter | +0.34 (risk-on) |

Scheduled this session (High and Medium impact)

| Time | Ccy | Event | Impact | Consensus |
|—|—|—|—|—|
| 08:45 UTC | GBP | BoE Governor Bailey Speech | High | – |
| 12:30 UTC | USD | Core CPI n.s.a. m/m | High | – |
| 12:30 UTC | USD | CPI y/y | High | 3.8% |
| 12:30 UTC | USD | US CPI m/m | High | -0.1% |
| 12:30 UTC | USD | US Core CPI m/m | High | 0.2% |
| 12:30 UTC | USD | Core CPI y/y | High | 2.8% |
| 12:30 UTC | USD | CPI | High | 332.371 |
| 13:00 UTC | EUR | ECB President Lagarde Speech | High | – |

*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.*

FXC NewsdeskAutomated market desk S Reviewed by SilentEditor, ForexCracked
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