Sydney Open Briefing: Friday, August 7, 2026
Sydney opens to a mixed market tone following overnight sessions. US equities saw declines, with the US30 down 1.18% and the US500 down 0.35%. Gold, XAUUSD, also fell 0.66%. In contrast, the JP225 gained 0.34%. The risk meter stands at +0.29, indicating a slight risk-on sentiment despite the equity weakness. The USD and CAD were the strongest currencies over 24 hours, both up +0.30%, while the CHF was the weakest, down -0.44%.
Recent data releases included the Bank of Mexico Interest Rate Decision holding at 6.5%. Brazil’s Trade Balance came in at 7.067B, a +5.4% surprise. In the US, EIA Natural Gas Storage Change was 33B, a significant +450.0% surprise, while Wholesale Sales m/m declined -3%, a -3100.0% surprise. Crowd positioning on GBPUSD shifted 9pt toward short in the last 24 hours.
Looking ahead for the Sydney session, traders will monitor Household Spending m/m (JPY) due at Thu 23:30 UTC, with a consensus of 0.9%. The Japan National Core CPI y/y (JPY) is also scheduled for Fri 07:00 UTC.
The most important item ahead for the session is the Japan National Core CPI y/y.
| At a glance | |
|---|---|
| Biggest moves since the previous session | US30 -1.18%, XAUUSD -0.66%, UK100 -0.46% |
| Currency strength, 24h | USD strongest at +0.30%, CHF weakest at -0.44% |
| Risk meter | +0.29 (risk-on) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 23:30 UTC | JPY | Household Spending m/m | Medium | 0.9% |
| 07:00 UTC | JPY | Japan National Core CPI y/y | 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.