New York Open Briefing: Wednesday, October 28, 2026
The New York session opens following mixed equity performance, with the DE40 up 0.39% and the US500 gaining 0.15%, while the JP225 declined 0.16%. USDCAD has moved -0.25% since the reference point. The broader market tone is slightly risk-off, with the risk meter at -0.17. The US Dollar has shown strength over the last 24 hours, up 0.32%, with the Canadian Dollar also stronger by 0.20%.
The session is heavily weighted with central bank events. The Bank of Canada is scheduled to announce its Interest Rate Decision at 13:45 UTC, with the consensus expecting a hike to 2.50% from the previous 2.25%. This will be accompanied by the BoC Monetary Policy Report and Rate Statement, followed by the BOC Press Conference at 14:30 UTC.
Later in the session, the Federal Reserve will release its FOMC Statement and Interest Rate Decision at 18:00 UTC, with the consensus anticipating the rate to hold at 4.00%. The FOMC Press Conference is scheduled for 18:30 UTC. Also at 14:30 UTC, the EIA Crude Oil Stocks Change will be released, with a consensus of -2.067M. Retail positioning data shows a crowd flip on USDCAD, moving from 51% long to 57% short in 24 hours.
Traders will focus on the Federal Reserve’s FOMC Statement and Interest Rate Decision later today.
| At a glance | |
|---|---|
| Biggest moves since the previous session | DE40 +0.39%, USDCAD -0.25%, XAUUSD +0.18% |
| Currency strength, 24h | AUD strongest at +0.39%, NZD weakest at -1.52% |
| Risk meter | -0.17 (mildly risk-off) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 13:45 UTC | CAD | BoC Interest Rate Decision | High | 2.50% |
| 13:45 UTC | CAD | BoC Monetary Policy Report | High | – |
| 13:45 UTC | CAD | BoC Rate Statement | High | – |
| 14:30 UTC | CAD | BOC Press Conference | High | – |
| 14:30 UTC | USD | EIA Crude Oil Stocks Change | High | -2.067M |
| 18:00 UTC | USD | FOMC Statement | High | – |
| 18:00 UTC | USD | Fed Interest Rate Decision | High | 4.00% |
| 18:30 UTC | USD | FOMC Press Conference | High | – |
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.