New York Open Briefing: Friday, October 2, 2026
The New York session opens with positive momentum from Asian and European markets. The JP225 closed up +1.28%, and the DE40 opened higher by +0.73%. In the currency space, the Swiss Franc is the strongest over the past 24 hours, gaining +1.20%, while the Euro is the weakest, down -0.74%. This dynamic is reflected in EURJPY moving -0.36% and USDCHF also down -0.36%. The overall market tone is slightly risk-off, with the Risk Meter at -0.20.
Looking ahead, the US session features the Baker Hughes US Oil Rig Count and Baker Hughes US Total Rig Count, both scheduled for 17:00 UTC. The previous oil rig count stood at 455, and the total rig count was 599. Later in the day, at 19:30 UTC, a series of CFTC Non-Commercial Net Positions reports will be released. These include data for AUD (previous -46.8K), BRL (previous 54.2K), JPY (previous 72K), and GBP (previous -82.6K). Additionally, CFTC Gold Non-Commercial Net Positions (previous 225.9K) and CFTC Crude Oil Non-Commercial Net Positions (previous 141.1K) will be published.
Regarding market positioning, retail books show a 20 point disagreement on XAUUSD. The crowd sentiment on XAUUSD has shifted, with the book moving 10 points toward short in the last 24 hours. A similar shift is noted in USDJPY, where the book moved 9 points toward short over the same period.
Traders will likely monitor the series of CFTC Non-Commercial Net Positions reports for insights into broader market sentiment.
| At a glance | |
|---|---|
| Biggest moves since the previous session | JP225 +1.28%, DE40 +0.73%, EURJPY -0.36% |
| Currency strength, 24h | CHF strongest at +1.20%, EUR weakest at -0.74% |
| Risk meter | -0.20 (mildly risk-off) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 17:00 UTC | USD | Baker Hughes US Oil Rig Count | Medium | – |
| 17:00 UTC | USD | Baker Hughes US Total Rig Count | Medium | – |
| 19:30 UTC | AUD | CFTC AUD Non-Commercial Net Positions | Medium | – |
| 19:30 UTC | BRL | CFTC BRL Non-Commercial Net Positions | Medium | – |
| 19:30 UTC | JPY | CFTC JPY Non-Commercial Net Positions | Medium | – |
| 19:30 UTC | GBP | CFTC GBP Non-Commercial Net Positions | Medium | – |
| 19:30 UTC | USD | CFTC Gold Non-Commercial Net Positions | Medium | – |
| 19:30 UTC | USD | CFTC Crude Oil Non-Commercial Net Positions | 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.