Sydney Open Briefing: Monday, November 2, 2026

Sydney opens on Monday, November 2 after a muted handoff. The largest move since the reference point was USDCHF at -0.28%, well ahead of the rest of the group. NZDUSD and USDCAD each slipped 0.08%, while EURJPY and AUDUSD both eased 0.07% and USDJPY dipped 0.06%. Outside of the franc pair, the moves are narrow, so the session starts without a strong directional imprint from the feed.

Currency strength over 24 hours shows a mild spread. CAD leads at +0.12%, followed by GBP at +0.10%, JPY at +0.08% and AUD at +0.05%. USD is flat at +0.00%. On the weaker side, CHF and NZD are both at -0.08%, and EUR is the laggard at -0.20%. The risk meter reads -0.04 on the scale from -1 risk-off to +1 risk-on, which is essentially neutral and slightly on the cautious side of zero.

No major releases have landed yet that the data set captures, so the focus is on what is scheduled. At 07:00 UTC, Germany Retail Sales m/m is due for the euro. Consensus is -0.2%, against a previous reading of 1.3%. That is a notable gap between the prior print and the expected one, and given that EUR is the weakest currency in the 24 hour table, traders will be watching how the euro pairs respond to the number.

Later, at 08:30 UTC, the procure.ch Manufacturing PMI for the Swiss franc is scheduled. No consensus figure is provided. CHF has been soft in the strength table even as USDCHF leads the declines in the price table.

The single most important item ahead is Germany Retail Sales m/m at 07:00 UTC.

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.