New York Open Briefing: Tuesday, September 8, 2026
The New York session opens with a slightly risk-off tone, as indicated by the risk meter at -0.02. Asian equity markets saw the JP225 decline by 2.17%, while US tech futures, USTEC, are down 0.57%. Gold, XAUUSD, has also moved lower by 0.87%. In the currency markets, JPY crosses have seen gains, with GBPJPY up 0.66%, USDJPY up 0.59%, and EURJPY up 0.49% since the reference point.
Earlier data releases showed South Africa’s GDP annual growth at 0.9% against a 1% consensus, and quarterly GDP at -0.2% versus a 0.3% consensus. In the Eurozone, Spain’s 9-Month Letras Auction yielded 2.776% and the 3-Month Letras Auction yielded 2.456%. France’s Trade Balance registered -6.669B, missing the -5.82B consensus, with Imports at 61.346B.
Looking ahead in the session, traders will monitor a series of GBP-related events starting at 13:15 UTC, including a BoE Governor Bailey Speech, Monetary Policy Report Hearings, and a BoE Deputy Governor Markets and Banking Ramsden Speech. An ECB Executive Board Member Elderson Speech is scheduled for 15:00 UTC. Later, at 17:00 UTC, the US will hold a 3-Year Note Auction, followed by Fed Consumer Credit m/m at 19:00 UTC, with consensus at 11.28B.
Over the past 24 hours, JPY has been the strongest currency, up 0.40%, while NZD is the weakest, down 0.60%. Retail positioning data indicates disagreement among books by 21 points on XAUUSD and by 28 points on AUDUSD.
The focus for the New York session remains on the multiple speeches and hearings from Bank of England officials.
| At a glance | |
|---|---|
| Biggest moves since the previous session | JP225 -2.17%, XAUUSD -0.87%, GBPJPY +0.66% |
| Currency strength, 24h | JPY strongest at +0.40%, NZD weakest at -0.60% |
| Risk meter | -0.02 (balanced) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 13:15 UTC | GBP | BoE Governor Bailey Speech | High | – |
| 13:15 UTC | GBP | Monetary Policy Report Hearings | Medium | – |
| 13:15 UTC | GBP | BoE Deputy Governor Markets and Banking Ramsden Speech | Medium | – |
| 15:00 UTC | EUR | ECB Executive Board Member Elderson Speech | Medium | – |
| 17:00 UTC | USD | 3-Year Note Auction | Medium | – |
| 19:00 UTC | USD | Fed Consumer Credit m/m | Medium | 11.28B |
| 23:50 UTC | JPY | BoJ L Money Stock y/y | High | 4.5% |
| 01:30 UTC | CNY | CPI m/m | Medium | 0% |
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.