New York Open Briefing: Friday, September 11, 2026

The New York session opens with a generally positive tone, following gains across Asian and European equity markets. The JP225 advanced +1.43%, while the USTEC climbed +0.91%. In Europe, the DE40 rose +0.77% and the UK100 was up +0.60%. US equity futures also indicated strength, with the US500 gaining +0.56% and the US30 +0.47%. This broad market sentiment is reflected in the risk meter, which stands at +0.21 on a -1 risk-off to +1 risk-on scale. The Japanese Yen has been the strongest performer over the last 24 hours, up +0.31%, followed by the US Dollar, which gained +0.21%.

Attention for the session will largely be on a series of US Dollar data releases at 14:00 UTC. These include Michigan Inflation Expectations, with consensus at 4.1% against a previous 4%, and Michigan 5-Year Inflation Expectations, where consensus is 3.2% compared to a previous 3.3%. Also due are Michigan Consumer Expectations, with a consensus of 51.2 from a previous 51.5, and Michigan Consumer Sentiment, expected at 49.8 against a prior 51.7. Preliminary figures for UoM Inflation Expectations (previous 4.3%) and UoM Consumer Sentiment (consensus 51.0, previous 51.0) will also be released. Concurrently, ECB President Lagarde Speaks at 14:00 UTC, which may provide insights for EUR pairs.

Later in the session, the WASDE Report for the US Dollar is scheduled for 16:00 UTC. In terms of market positioning, retail books show disagreement on AUDUSD by 27 points and on NZDUSD by 22 points. The crowd shift on XAUUSD has moved 10pt toward short over the past 24 hours.

Traders will closely monitor the cluster of Michigan consumer and inflation data for potential market impact.

Scheduled this session (High and Medium impact)

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.