New York Open Briefing: Wednesday, September 9, 2026

The New York session opens with a notable risk-off sentiment, as Asian and European equity markets closed lower. The JP225 was down -1.76%, and the DE40 fell -1.18%. Gold, XAUUSD, gained +0.53%, reflecting a shift towards safer assets. This tone is confirmed by the risk meter, which registers -0.42. Over the past 24 hours, the Japanese Yen and Swiss Franc have strengthened, while the US Dollar has weakened.

Recently released data from Mexico showed Core CPI m/m at 0.16%, exceeding the 0.13% consensus by +23.1%. However, CPI y/y came in at 3.26%, below the 3.97% consensus, a surprise of -17.9%. CPI m/m was 0.2%, surpassing the 0.14% consensus by +42.9%. In the Eurozone, Italy’s 12-Month BOT Auction yielded 2.967%, and Germany’s 10-Year Bond Auction saw a yield of 3.39%. France’s Industrial Production m/m registered -0.1%, outperforming the -0.6% consensus.

Looking ahead, the US will hold a 10-Year Note Auction at 17:00 UTC. ECB President Lagarde is scheduled to deliver a speech at 17:00 UTC, with another speaking engagement also listed. The EIA Short-Term Energy Outlook is due at 16:00 UTC. For Thursday, traders will monitor China’s PBC New Loans data. Retail positioning data indicates disagreement on EURGBP by 22 points and on NZDUSD by 20 points, with the crowd shifting 9 points toward long on NZDUSD over the last 24 hours.

Traders will closely monitor ECB President Lagarde’s speech for potential policy insights.

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.