New York Open Briefing: Monday, October 5, 2026
New York opens with a slight risk-on tone, as the Risk Meter registers +0.09. Early moves show AUDUSD up +0.29%, EURJPY up +0.31%, and XAUUSD up +0.30%, while USDCAD is down -0.22%. The USD is currently the second strongest currency over 24 hours, up +0.21%, with AUD leading at +0.29%.
Recent data releases include strong Mexican Gross Fixed Investments, with y/y actual 6% against a consensus of 5.8%, and m/m actual 1.4% against a consensus of -0.6%. Germany also reported robust New Car Registrations, up 9% y/y and 20.8% m/m. Norway’s HPI s.a. m/m was 0.3%.
Looking ahead, the focus shifts to a series of high impact USD data. At 13:45 UTC, the S&P Global Services PMI is expected at 58. This is followed at 14:00 UTC by the ISM Non-Manufacturing PMI, with a consensus of 54.7, and ISM Non-Manufacturing Prices Paid, anticipated at 76.9. Crowd positioning shows a shift of 8pt toward short on XAUUSD and 9pt toward long on EURAUD over the past 24 hours.
Traders will closely monitor the upcoming US services sector data.
| At a glance | |
|---|---|
| Biggest moves since the previous session | USTEC -0.32%, EURJPY +0.31%, XAUUSD +0.30% |
| Currency strength, 24h | AUD strongest at +0.29%, NZD weakest at -0.27% |
| Risk meter | +0.09 (mildly risk-on) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 13:45 UTC | USD | S&P Global Services PMI | High | 58 |
| 13:45 UTC | USD | S&P Global Composite PMI | Medium | 56.8 |
| 14:00 UTC | USD | ISM Non-Manufacturing PMI | High | 54.7 |
| 14:00 UTC | USD | ISM Non-Manufacturing Prices Paid | High | 76.9 |
| 14:00 UTC | USD | ISM Services PMI | Medium | 55.1 |
| 14:00 UTC | USD | ISM Non-Manufacturing Employment | Medium | 48.3 |
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.