London Open Briefing: Tuesday, November 3, 2026

The session opens on a defensive footing. Since the reference point, XAUUSD is down 0.92%, JP225 is off 0.86%, DE40 has lost 0.65%, US30 is down 0.49%, UK100 is lower by 0.47% and USDCHF has slipped 0.44%. The risk meter reads -0.46 on a scale from -1 risk-off to +1 risk-on, which leans toward risk-off. In the 24-hour currency strength table, CHF leads at +0.81% while AUD trails at -0.59%. NZD, CAD, GBP, EUR and USD all sit within a few hundredths of a percent of flat, and JPY is at -0.14%.

No major releases have landed yet that are covered in this data. Inside the session window, the BCB Focus Market Report (BRL, Medium impact) is due at 11:30 UTC. The JOLTS Job Openings figure for the US follows at 15:00 UTC, with consensus at 7.15M against a previous 7.08M. The Congressional Elections (USD, High impact) are listed at 15:16 UTC, and BOC Governor Macklem speaks at 16:00 UTC (CAD, Medium impact).

On retail positioning, the crowd has moved 8 points toward long over 24 hours on EURCHF, GBPUSD and EURUSD. Retail books also disagree by 21 points on GBPUSD, so the venues tracked show notably different pictures for that pair.

The single most important item ahead is the Congressional Elections at 15:16 UTC, the only High impact event on the calendar, landing just after JOLTS at 15:00 UTC.

Scheduled this session (High and Medium impact)

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.