Sydney Open Briefing: Monday, October 26, 2026
Good morning from Sydney. The trading week begins with a slight risk-on sentiment, as indicated by the Risk Meter at +0.22 on a -1 to +1 scale. Early movements saw USDCAD gain +0.26%, EURJPY rise +0.21%, and EURGBP increase by +0.17%. EURUSD was up +0.15%, while USDCHF declined -0.15%, and GBPUSD fell -0.06%. Over the past 24 hours, NZD has been the strongest performer at +0.38%, followed by AUD at +0.31%. The weakest currencies were CHF at -0.58% and GBP at -0.15%. These shifts establish the market context for the start of the Sydney session.
Later in the day, European economic data will be in focus. At 09:30 UTC, Germany is scheduled to release its Ifo Business Expectations, with a consensus forecast of 90.4 against a previous reading of 90.4. Concurrently, the Ifo Current Business Situation is expected, carrying a consensus of 89.7 following a previous 89.5. The Ifo Business Climate is also due at the same time, with a consensus of 87.5 compared to the prior 89.9.
Traders will monitor the German Ifo data for insights into the Eurozone economic outlook.
| At a glance | |
|---|---|
| Biggest moves since the previous session | USDCAD +0.26%, EURJPY +0.21%, EURGBP +0.17% |
| Currency strength, 24h | NZD strongest at +0.38%, CHF weakest at -0.58% |
| Risk meter | +0.22 (mildly risk-on) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 09:30 UTC | EUR | Germany Ifo Business Expectations | Medium | 90.4 |
| 09:30 UTC | EUR | Germany Ifo Current Business Situation | Medium | 89.7 |
| 09:30 UTC | EUR | Germany Ifo Business Climate | Medium | 87.5 |
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.