New York Open Briefing: Wednesday, September 2, 2026
The New York session opens with XAUUSD trading higher by +1.12%, while JPY pairs such as GBPJPY, EURJPY, and USDJPY are down -0.55%, -0.40%, and -0.39% respectively. Equity indices show modest gains, with DE40 up +0.30% and US30 up +0.29%. The Risk Meter registers at +0.10, indicating a slightly risk-on sentiment, with the US Dollar strengthening +0.32% over the past 24 hours.
Recent data releases include the US ADP Nonfarm Employment Change, which came in at 38K, significantly above the 14K consensus. Italy’s PPI y/y was reported at 7.8%, exceeding the 6.6% consensus. Brazil’s Industrial Production showed a y/y figure of -0.5% and an m/m figure of 0.2%. France’s Government Budget Balance was -145.9B, and South Africa’s RMB/BER Business Confidence Index registered 38.
Looking ahead, key events include the BoC Interest Rate Decision at 13:45 UTC, with the consensus for the rate to remain at 2.25%. This will be followed by the BoC Rate Statement and a BOC Press Conference at 14:30 UTC. Also at 14:30 UTC, the US will release EIA Crude Oil Stocks Change, with a consensus of 5.822M. The Fed Beige Book is scheduled for 18:00 UTC.
Traders will be closely monitoring the BoC Interest Rate Decision and accompanying statements.
| At a glance | |
|---|---|
| Biggest moves since the previous session | XAUUSD +1.12%, GBPJPY -0.55%, EURJPY -0.40% |
| Currency strength, 24h | JPY strongest at +0.65%, NZD weakest at -1.02% |
| Risk meter | +0.10 (mildly risk-on) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 13:45 UTC | CAD | BoC Interest Rate Decision | High | 2.25% |
| 13:45 UTC | CAD | BoC Rate Statement | High | – |
| 14:30 UTC | USD | EIA Crude Oil Stocks Change | High | 5.822M |
| 14:30 UTC | CAD | BOC Press Conference | High | – |
| 14:30 UTC | USD | EIA Cushing Crude Oil Stocks Change | Medium | -1.042M |
| 18:00 UTC | USD | Fed Beige Book | Medium | – |
| 20:10 UTC | NZD | RBNZ Gov Breman Speaks | Medium | – |
| 23:00 UTC | AUD | S&P Global Services PMI | Medium | 50.6 |
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.