New York Open Briefing: Wednesday, July 29, 2026
The New York session opens with a generally positive tone carried over from Asian and European equity markets. The JP225 closed up +2.59%, while the DE40 gained +0.79% and the UK100 rose +0.46%. US equity futures are mixed, with the US30 down -0.30% while the USTEC is up +0.66% and the US500 up +0.26%. In currency markets, the JPY is the strongest over 24 hours, up +0.15%, followed by the EUR at +0.13%, while the AUD is the weakest, down -0.41%. The overall risk meter stands at +0.01.
Earlier European releases included Germany’s 10-Year Bond Auction, which yielded 3.13%, and Italy’s 6-Month BOT Auction at 2.567%. From the UK, BoE M4 Money Supply m/m registered 0.8%, exceeding the 0.3% consensus. Net Lending to Individuals m/m was 9.533B, above the 5.353B consensus, and Mortgage Lending m/m came in at 7.727B, higher than the 3.556B consensus. However, BoE Mortgage Approvals were 58.2K, below the 61.322K consensus. Crowd positioning on AUDUSD shifted 9pt toward long over the past 24 hours.
Looking ahead for the US session, traders will monitor the EIA Crude Oil Stocks Change and EIA Cushing Crude Oil Stocks Change at 14:30 UTC. The consensus for Crude Oil Stocks Change is 5.131M. The primary focus for the day will be the series of announcements from the Federal Reserve, beginning at 18:00 UTC with the FOMC Statement and Fed Interest Rate Decision, where the consensus is for rates to remain at 3.75%. This will be followed by the FOMC Press Conference at 18:30 UTC.
The FOMC Statement, Fed Interest Rate Decision, and FOMC Press Conference represent the most significant scheduled events for today’s trading.
| At a glance | |
|---|---|
| Biggest moves since the previous session | JP225 +2.59%, DE40 +0.79%, USTEC +0.66% |
| Currency strength, 24h | JPY strongest at +0.15%, AUD weakest at -0.41% |
| Risk meter | +0.01 (balanced) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 14:30 UTC | USD | EIA Crude Oil Stocks Change | High | 5.131M |
| 14:30 UTC | USD | EIA Cushing Crude Oil Stocks Change | Medium | 0.614M |
| 18:00 UTC | USD | FOMC Statement | High | – |
| 18:00 UTC | USD | Fed Interest Rate Decision | High | 3.75% |
| 18:30 UTC | USD | FOMC Press Conference | High | – |
| 21:00 UTC | BRL | BCB National Monetary Council Meeting | Medium | – |
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.