London Open Briefing: Wednesday, July 15, 2026
London traders begin their session following a mixed but generally risk-on sentiment from Asia, with the RISK METER registering +0.24. Technology stocks saw gains, with USTEC up +0.85% and the JP225 rising +0.72%. Gold, XAUUSD, declined by -0.56%, while the DE40 was down -0.44%. The AUDUSD advanced +0.23%, contributing to the Australian dollar’s position as the strongest currency over the past 24 hours, up +0.43%. The US dollar was the weakest, down -0.49%.
Overnight, key data releases included a Norwegian Goods Trade Balance of 61.905B, below the 63.327B consensus. US inflation figures showed Core CPI m/m at -0.0% and CPI m/m at -0.4%. Japan’s Tertiary Industry Activity Index m/m surprised positively at 1.1%, significantly above the 0.1% consensus. The Korean Won saw its BOK M2 Money Supply y/y at 9.2%, exceeding the 8.5% consensus. Crowd positioning shifts include the book moving 9pt toward long on EURUSD, a flip to 52% short on USDCHF, and a flip to 53% long on GBPUSD.
Looking ahead, the session features several high-impact events. At 12:30 UTC, US Core PPI m/m and PPI m/m figures are due. The Bank of Canada’s Overnight Rate decision, expected to hold at 2.25%, along with its Rate Statement and Monetary Policy Report, will be released at 13:45 UTC, followed by the BOC Press Conference at 14:45 UTC. Additionally, Fed Chairman Warsh Testifies at 14:00 UTC, and EIA Crude Oil Stocks Change is scheduled for 14:30 UTC.
Traders will likely focus on the Bank of Canada’s policy announcements and the subsequent press conference for potential CAD volatility.
| At a glance | |
|—|—|
| Biggest moves since the previous session | USTEC +0.85%, JP225 +0.72%, XAUUSD -0.56% |
| Currency strength, 24h | AUD strongest at +0.43%, USD weakest at -0.49% |
| Risk meter | +0.24 (mildly risk-on) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|—|—|—|—|—|
| 12:30 UTC | USD | Core PPI m/m | High | 0.3% |
| 12:30 UTC | USD | PPI m/m | High | 0.0% |
| 13:45 UTC | CAD | Overnight Rate | High | 2.25% |
| 13:45 UTC | CAD | BOC Rate Statement | High | – |
| 13:45 UTC | CAD | BOC Monetary Policy Report | High | – |
| 14:00 UTC | USD | Fed Chairman Warsh Testifies | High | – |
| 14:30 UTC | USD | EIA Crude Oil Stocks Change | High | 1.001M |
| 14:45 UTC | CAD | BOC Press Conference | 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.*