London Open Briefing: Wednesday, September 9, 2026
London traders begin their session with a mixed but generally positive tone in some assets, as XAUUSD is up 1.18% and equities like JP225 and UK100 have seen gains of 0.43% and 0.22% respectively. The USDJPY pair is down 0.36%, while AUDUSD is up 0.24%. The overall risk sentiment is near neutral, registering -0.02 on the risk meter. The Australian Dollar and Japanese Yen show the most strength over the past 24 hours, up 0.14% and 0.12% respectively, while the US Dollar is the weakest, down 0.19%.
Overnight, several key economic figures were released. France’s Industrial Production month over month came in at -0.1%, better than the -0.6% consensus. In Norway, Producer Price Index year over year reached 30.1%, exceeding the 25.7% consensus, with the month over month figure at 4.7%. China also saw inflation data, with CPI year over year at 0.8% against a 0.7% consensus, and month over month at 0.4% against a 0% consensus. China’s PPI year over year was 3.8%, higher than the 2.3% consensus.
Looking ahead, the London session will see the Germany 10-Year Bond Auction at 09:30 UTC, following a previous yield of 3.26%. Later in the day, at 12:00 UTC, Mexico’s CPI year over year is expected at 3.97%, up from a previous 3.12%, with month over month CPI anticipated at 0.14%. The EIA Short-Term Energy Outlook is due at 16:00 UTC.
Retail positioning data indicates a 9-point shift towards long positions in NZDUSD over the past 24 hours, and an 8-point shift towards long in EURJPY. Retail books show a 23-point disagreement on GBPJPY and a 21-point disagreement on USDCHF.
Traders will be watching the ECB President Lagarde Speech at 17:00 UTC.
| At a glance | |
|---|---|
| Biggest moves since the previous session | XAUUSD +1.18%, JP225 +0.43%, USDJPY -0.36% |
| Currency strength, 24h | AUD strongest at +0.14%, USD weakest at -0.19% |
| Risk meter | -0.02 (balanced) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 09:30 UTC | EUR | Germany 10-Year Bond Auction | Medium | – |
| 12:00 UTC | MXN | CPI y/y | Medium | 3.97% |
| 12:00 UTC | MXN | CPI m/m | Medium | 0.14% |
| 16:00 UTC | USD | EIA Short-Term Energy Outlook | Medium | – |
| 17:00 UTC | EUR | ECB President Lagarde Speech | High | – |
| 17:00 UTC | USD | 10-Year Note Auction | High | – |
| 17:00 UTC | EUR | ECB President Lagarde Speaks | 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.