New York Open Briefing: Wednesday, August 5, 2026

The New York session opens with a notable upside surprise in US employment data, setting an early tone for dollar pairs. Gold, XAUUSD, has advanced +1.68%, while the Japanese JP225 equity index is up +0.75%. Conversely, the German DE40 index has declined -0.63%. The overall market sentiment registers a +0.12 on the risk meter. In currency strength over the past 24 hours, the Euro, EUR, leads with +0.28%, while the New Zealand Dollar, NZD, is the weakest, down -0.37%. The US Dollar, USD, has seen a slight decline of -0.08%.

Earlier releases saw the US ADP Nonfarm Employment Change report an actual figure of 44K, significantly surpassing the consensus of -12K, marking a +466.7% surprise. Mexico’s Gross Fixed Investments data showed a year over year actual of 2.4% against a 5.3% consensus, and a month over month actual of -0.4% against a 2.4% consensus. Germany conducted several bond auctions, with the 10-Year yielding 3.01%, the 5-Year 2.71%, and the 30-Year 3.6%.

Attention now turns to a series of US data releases. At 13:45 UTC, the S&P Global Services PMI is expected, with a consensus of 52.7 following a previous 51.2. The S&P Global Composite PMI is also due, with a consensus of 53. Shortly after, at 14:00 UTC, the ISM Non-Manufacturing PMI is anticipated at 54.3, from a previous 54. Traders will also monitor the ISM Non-Manufacturing Prices Paid, with a consensus of 62, down from 67.7, and ISM Non-Manufacturing Employment at 51.9. Later, at 14:30 UTC, the EIA Crude Oil Stocks Change is expected at -1.257M.

The ISM Non-Manufacturing PMI will be a key focus for traders this session.

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.