New York Open Briefing: Tuesday, July 28, 2026
Good morning, New York. Equities are broadly higher as the session begins, with the US30 up +0.78% and the US500 up +0.21%. Gold, XAUUSD, is lower by -0.56%, while AUDUSD has declined -0.30%. The risk meter currently stands at +0.08, indicating a slight risk-on sentiment. The US Dollar and Canadian Dollar are the strongest currencies over the past 24 hours, both up +0.28%, while the Australian Dollar is among the weakest, down -0.26%. The Reserve Bank of Australia’s recent speech scored +0.75, signaling a hawkish tone.
Overnight, Brazil’s Mid-Month CPI y/y came in at 4.52%, slightly above the 4.5% consensus. However, Mid-Month CPI m/m was 0.06%, significantly below the 0.41% consensus. Brazil also reported strong Foreign Direct Investment at 9.075B, well above the 6.148B consensus, and a Current Account deficit of -2.33B, better than the -5.364B consensus. In Europe, France’s Consumer Confidence Index registered 86, missing the 90 consensus, while Italy’s Trade Balance Non-EU was 2.55B.
For the New York session, traders will monitor US housing data, with the S&P/CS HPI Composite-20 y/y due at 13:00 UTC, with a consensus of 1.4%. The market will then turn its attention to the CB Consumer Confidence Index at 14:00 UTC, which has a consensus of 89.5 following a previous reading of 91.2. Ahead for Wednesday’s Asian session, Australia’s CPI data will be a key focus, with the CPI q/q consensus at 1.1% and the Monthly CPI Indicator y/y consensus at 4.0%.
The most important item ahead for this session is the CB Consumer Confidence Index at 14:00 UTC.
| At a glance | |
|---|---|
| Biggest moves since the previous session | US30 +0.78%, XAUUSD -0.56%, UK100 +0.52% |
| Currency strength, 24h | CAD strongest at +0.28%, CHF weakest at -0.32% |
| Risk meter | +0.08 (mildly risk-on) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 13:00 UTC | USD | S&P/CS HPI Composite-20 y/y | Medium | 1.4% |
| 13:00 UTC | USD | S&P/CS HPI Composite-20 n.s.a. m/m | Medium | 0.8% |
| 14:00 UTC | USD | CB Consumer Confidence Index | High | 89.5 |
| 14:00 UTC | USD | CB Consumer Confidence | Medium | 92.4 |
| 01:30 UTC | AUD | Australia CPI q/q | High | 1.1% |
| 01:30 UTC | AUD | Australia Monthly CPI Indicator y/y | High | 4.0% |
| 01:30 UTC | AUD | Trimmed Mean CPI m/m | High | 0.3% |
| 01:30 UTC | AUD | CPI m/m | High | 0.2% |
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.