New York Open Briefing: Friday, August 28, 2026
The New York session begins with a slight risk-on sentiment, indicated by the RISK METER at +0.20. Price moves since the reference point show NZDUSD down 0.32%, JP225 down 0.30%, and USTEC down 0.19%. Conversely, XAUUSD has gained 0.23%, DE40 is up 0.17%, and USDJPY is up 0.13%. The Japanese Yen is the weakest currency over the past 24 hours, down -0.20%.
Earlier, Brazil’s PPI year over year was released at 1.94%, significantly below the 3.46% consensus. BCB Bank Lending month over month also came in below expectations at 0.3%. India’s Foreign Exchange Reserves were reported at 729.328B, exceeding the 724.378B consensus. Italy’s 10-Year BTP Auction yielded 4.1%, with the 5-Year BTP at 3.44%.
The US calendar is busy at 14:00 UTC with Fed Chairman Warsh Speaks and the Prelim Benchmark Payrolls Revision, which previously stood at -911K. Also due at this time are Michigan Inflation Expectations, Revised UoM Consumer Sentiment, and Michigan 5-Year Inflation Expectations. The Jackson Hole Symposium is scheduled for 16:15 UTC. Positioning data shows a 9pt shift toward long on XAUUSD over the last 24 hours.
Market attention will likely center on the Jackson Hole Symposium and remarks from Fed Chairman Warsh later in the session.
| At a glance | |
|---|---|
| Biggest moves since the previous session | NZDUSD -0.32%, JP225 -0.30%, XAUUSD +0.23% |
| Currency strength, 24h | CHF strongest at +0.16%, JPY weakest at -0.20% |
| Risk meter | +0.20 (mildly risk-on) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 14:00 UTC | USD | Fed Chairman Warsh Speaks | High | – |
| 14:00 UTC | USD | Prelim Benchmark Payrolls Revision | High | – |
| 14:00 UTC | USD | Michigan Inflation Expectations | Medium | 4.3% |
| 14:00 UTC | USD | Revised UoM Consumer Sentiment | Medium | 51.0 |
| 14:00 UTC | USD | Revised UoM Inflation Expectations | Medium | – |
| 14:00 UTC | USD | Michigan 5-Year Inflation Expectations | Medium | 3.3% |
| 14:00 UTC | USD | Michigan Consumer Expectations | Medium | 50.6 |
| 16:15 UTC | All | Jackson Hole Symposium | 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.