Sydney Open Briefing: Monday, October 5, 2026

The Sydney session opens on Monday, October 5, 2026, with a generally risk-on tone as indicated by the +0.38 reading on the risk meter. Early price movements show GBPJPY down -0.14%, USDCHF lower by -0.14%, and NZDUSD declining -0.13%. EURUSD gained +0.06%, while GBPUSD was down -0.05% and AUDUSD saw a -0.04% dip. Over the last 24 hours, the Australian Dollar has been the strongest performer, up +0.24%, followed by GBP at +0.22% and CHF at +0.16%. The US Dollar showed weakness, down -0.17%.

Traders are assessing the recently released Australian PMI data. The S&P Global Composite PMI for AUD had a previous reading of 52.7. The S&P Global Services PMI for AUD, which previously stood at 53.2, had a consensus expectation of 51.9. Looking ahead in the session, the au Jibun Bank Services PMI for JPY is scheduled for Mon 00:30 UTC, with a consensus and previous reading of 51.6.

Further into the European session, a series of S&P Global Services and Composite PMIs are due for Spain, Italy, France, and Germany. Notably, there has been a shift in crowd positioning on BTCUSD, moving from 55% long to 51% short over the past 24 hours. The au Jibun Bank Services PMI for Japan will be a key data point for traders to monitor early in the Asian session.

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.