New York Open Briefing: Monday, August 10, 2026
The New York session opens with a notable risk-on tone, as evidenced by a +0.35 reading on the risk meter. This sentiment appears to be contributing to broad JPY weakness, with the Japanese Yen down -0.65% over the last 24 hours, making it the weakest major currency. Consequently, JPY crosses have seen gains, including GBPJPY up +0.43%, EURJPY up +0.34%, and USDJPY up +0.32%.
Earlier, Eurozone data showed Sentix Investor Confidence for August came in at 0.9, significantly above the consensus of -4.9. This represents a positive surprise of +118.4%.
Conversely, Swedish economic figures presented a mixed picture with several notable misses. Industrial New Orders y/y registered 29.9%, falling short of the 124.3% consensus. Similarly, Industrial New Orders m/m was 1.6% against an expected 16.2%. Industrial Production y/y came in at -1.5% versus a 2.6% consensus, and Industrial Production m/m was -0.4% compared to an 8.1% consensus. Private Sector Production y/y was 1.8%.
The upcoming PBC New Loans release from China will be a key focus for the market.
| At a glance | |
|---|---|
| Biggest moves since the previous session | GBPJPY +0.43%, EURJPY +0.34%, USDJPY +0.32% |
| Currency strength, 24h | GBP strongest at +0.19%, JPY weakest at -0.65% |
| Risk meter | +0.35 (risk-on) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 01:00 UTC | CNY | PBC New Loans | Medium | 0.591T |
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.