New York Open Briefing: Friday, October 9, 2026
The New York session opens with global equities showing positive momentum. The JP225 advanced 0.59%, the DE40 gained 0.47%, the USTEC rose 0.40%, and the UK100 increased 0.35%. This contributes to a risk meter reading of +0.11. In the currency markets, the US Dollar has shown weakness over the past 24 hours, down 0.33%, while the Australian Dollar is the strongest, up 0.41%, followed by the New Zealand Dollar, which gained 0.31%. EURUSD has seen a slight dip of 0.18%.
Ahead in the session, market participants will observe a speech from ECB Executive Board Member Schnabel at 13:30 UTC. Shortly after, at 14:00 UTC, a series of US data releases are scheduled. These include Michigan Inflation Expectations, with a consensus of 4.3% against a previous 4.6%, and Michigan 5-Year Inflation Expectations, with a consensus of 3.3% compared to a previous 3.4%. Also due are Michigan Consumer Sentiment, with a consensus of 44.7 from a previous 48.1, and Michigan Consumer Expectations, with a consensus of 42.6 against a previous 46.3. Additionally, Prelim UoM Consumer Sentiment is expected, with a consensus of 47.5 from a previous 47.8, alongside Prelim UoM Inflation Expectations, which had a previous reading of 4.6%.
Regarding market positioning, retail books show a 20-point disagreement on both EURUSD and USDCAD. The crowd book on EURAUD has shifted 8 points toward long over the past 24 hours, while the AUDJPY book has moved 10 points toward short. Later in the session, the WASDE Report is scheduled for 16:00 UTC.
The most significant items for traders today will be the cluster of US Michigan consumer and inflation data releases.
| At a glance | |
|---|---|
| Biggest moves since the previous session | JP225 +0.59%, DE40 +0.47%, USTEC +0.40% |
| Currency strength, 24h | AUD strongest at +0.41%, USD weakest at -0.33% |
| Risk meter | +0.11 (mildly risk-on) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 13:30 UTC | EUR | ECB Executive Board Member Schnabel Speech | Medium | – |
| 14:00 UTC | USD | Michigan Inflation Expectations | Medium | 4.3% |
| 14:00 UTC | USD | Michigan 5-Year Inflation Expectations | Medium | 3.3% |
| 14:00 UTC | USD | Michigan Consumer Sentiment | Medium | 44.7 |
| 14:00 UTC | USD | Michigan Consumer Expectations | Medium | 42.6 |
| 14:00 UTC | USD | Prelim UoM Consumer Sentiment | Medium | 47.5 |
| 14:00 UTC | USD | Prelim UoM Inflation Expectations | Medium | – |
| 16:00 UTC | USD | WASDE Report | 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.