New York Open Briefing: Friday, September 4, 2026

The New York session begins with a mixed performance in global markets, as the JP225 advanced 0.58% and the USTEC gained 0.23%, while the US30 dipped 0.17%. The DE40 also saw a 0.18% rise. In currency movements, NZDUSD is down -0.22%, and XAUUSD has declined -0.20%. The 24-hour currency strength shows GBP as the strongest mover at +0.25%, with JPY as the weakest at -0.19%. The risk meter is at +0.34, suggesting a slightly risk-on environment as traders prepare for the session.

Recent data releases include Mexico’s Gross Fixed Investments, with the n.s.a. y/y figure at 5.9% against a consensus of 6%, while the m/m figure registered 1.3% compared to a consensus of -1%. India’s Deposit Growth y/y came in at 14.7%, exceeding the 14.3% consensus, though Bank Loan Growth y/y was 18.3% against a 19% consensus. India’s Foreign Exchange Reserves were reported at 740.803B. In Europe, Retail Sales y/y for the Eurozone came in at 0.6%, significantly below the 1.2% consensus. Positioning shifts show the crowd flipping on USDCHF, moving from 54% short to 55% long in 24 hours, and a 9-point shift toward short on NZDUSD.

Looking ahead, Canada’s Ivey PMI and Ivey PMI n.s.a. are scheduled for 14:00 UTC, with the consensus for the main Ivey PMI at 56.2. Later, at 17:00 UTC, the US will see the release of the Baker Hughes US Oil Rig Count and Baker Hughes US Total Rig Count. The session will conclude with the release of CFTC Non-Commercial Net Positions for AUD, JPY, GBP, and Gold at 19:30 UTC.

Traders will be watching the Ivey PMI from Canada as the most immediate data point.

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.