New York Open Briefing: Monday, November 2, 2026

The Swiss franc leads into the New York open. CHF is the strongest currency over 24 hours at +0.66%, followed by EUR at +0.44%, while AUD is the weakest at -0.50% and JPY trails at -0.34%. On the price feed, USDCHF is down 0.56%, EURUSD is up 0.38% and EURJPY is up 0.33%. Equity indices are softer, with JP225 at -0.45%, USTEC at -0.25% and DE40 at -0.23%. The risk meter reads -0.17 on the -1 to +1 scale, a mild risk-off lean.

The main scheduled releases in this session are the ISM Manufacturing reports at 15:00 UTC. ISM Manufacturing Prices Paid is rated high impact, with consensus at 80.7 against a previous 77.9. ISM Manufacturing PMI is rated medium impact, with consensus at 54.5, equal to the previous reading. ISM Manufacturing Employment is also medium impact, with consensus at 51.4 against a previous 52.7.

Crowd positioning has moved over the past 24 hours. On GBPCHF, the book flipped from 57% short to 51% long. On EURGBP, the book moved 8pt toward short, and on USDJPY it moved 8pt toward short. On EURAUD, the book moved 9pt toward short.

Outside this session, the RBA Interest Rate Decision is due Tuesday at 01:30 UTC, with consensus at 4.85% against a previous 4.60%. With AUD the weakest currency on the day, traders will be watching it closely. The single most important item ahead is the ISM Manufacturing Prices Paid release at 15:00 UTC.

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.