Sydney Open Briefing: Thursday, November 5, 2026
Sessions hand over to Sydney with equity indices and gold higher on our feed. US30 leads at +1.36%, followed by DE40 at +1.27%, UK100 at +0.85%, US500 at +0.84% and USTEC at +0.83%. XAUUSD is up +0.59%. On the currency side, NZD (+0.32%) and AUD (+0.25%) are the strongest over 24 hours, while USD is the weakest at -0.41%, with JPY at -0.20%. The risk meter reads -0.05, essentially neutral on the scale from -1 to +1. In positioning, the crowd book on EURCHF moved 8pt toward short in 24 hours.
The one release just landed is the US Trade Balance, which came in at -105.0B against a consensus of -107.9B, a surprise of +2.6%.
The Sydney window is busy for AUD and JPY. The BoJ Monetary Policy Meeting Minutes are due at 23:50 UTC. At 00:30 UTC Australia publishes Employment Change, rated high impact, alongside the AUD Trade Balance, with a consensus of 1.084B and a previous reading of 0.495B. The 10-Year JGB Auction follows at 03:35 UTC, with the previous result at 3.101%.
Later, attention turns to Europe. Germany Factory Orders at 07:00 UTC carry a y/y consensus of 6.2% (previous 2.7%) and an m/m consensus of -4.3% (previous -10.6%). ECB speakers Schnabel at 08:05 UTC and Tuominen at 08:25 UTC close out the scheduled list.
The most important item ahead is Australia Employment Change at 00:30 UTC.
| At a glance | |
|---|---|
| Biggest moves since the previous session | US30 +1.36%, DE40 +1.27%, UK100 +0.85% |
| Currency strength, 24h | NZD strongest at +0.32%, USD weakest at -0.41% |
| Risk meter | -0.05 (mildly risk-off) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 23:50 UTC | JPY | BoJ Monetary Policy Meeting Minutes | Medium | – |
| 00:30 UTC | AUD | Australia Employment Change | High | – |
| 00:30 UTC | AUD | Trade Balance | Medium | 1.084B |
| 03:35 UTC | JPY | 10-Year JGB Auction | Medium | – |
| 07:00 UTC | EUR | Germany Factory Orders y/y | Medium | 6.2% |
| 07:00 UTC | EUR | Germany Factory Orders m/m | Medium | -4.3% |
| 08:05 UTC | EUR | ECB Executive Board Member Schnabel Speech | Medium | – |
| 08:25 UTC | EUR | ECB Supervisory Board Member Tuominen Speech | 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.