Sydney Open Briefing: Thursday, October 8, 2026
The Sydney trading session opens with some notable movements from the overnight period. Gold, XAUUSD, saw a gain of +0.69%, while the USTEC index advanced +0.53%. The JP225 also rose +0.22%. Conversely, the UK100 declined by –0.22%. In currencies, NZDUSD gained +0.20% and EURUSD was up +0.18%. The overall risk sentiment remains neutral, with the risk meter at -0.00.
Recent EIA data for the USD showed a Refinery Utilization Rate Change of 0.2% and Refinery Crude Oil Daily Inputs Change of 0.223M. Gasoline Stocks Change came in at 0.382M against a consensus of -0.408M, a surprise of +193.6%. Distillates Stocks Change was -0.042M versus a consensus of -0.505M, a surprise of +91.7%. Meanwhile, Crude Oil Imports Change was -0.053M against a consensus of 0.904M, a surprise of –105.9%, and Gasoline Production Change was -0.117M compared to a consensus of 0.223M, a surprise of –152.5%.
Ahead in the session, Japan’s Current Account n.s.a. and Adjusted Current Account figures are due at Wed 23:50 UTC, with consensus at 4482.2B and 3139.2B respectively. Germany’s Trade Balance for the EUR is expected at Thu 06:00 UTC, with a consensus of 16.8B. Later, the BoE Bank Liabilities Survey for GBP and a Fed Governor Waller Speech for USD are scheduled for Thu 08:30 UTC. Crowd positioning data indicates shifts, with the book moving 8pt toward long on GBPUSD and EURJPY. The crowd on USDCHF flipped from 55% long to 50% short. US30 also saw a 10pt shift toward long.
Traders will be particularly attentive to the upcoming Fed Governor Waller Speech.
| At a glance | |
|---|---|
| Biggest moves since the previous session | XAUUSD +0.69%, USTEC +0.53%, JP225 +0.22% |
| Currency strength, 24h | JPY strongest at +0.35%, EUR weakest at -0.32% |
| Risk meter | -0.00 (balanced) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 23:50 UTC | JPY | Current Account n.s.a. | Medium | 4482.2B |
| 23:50 UTC | JPY | Adjusted Current Account | Medium | 3139.2B |
| 06:00 UTC | EUR | Germany Trade Balance | Medium | 16.8B |
| 08:30 UTC | GBP | BoE Bank Liabilities Survey | Medium | – |
| 08:30 UTC | USD | Fed Governor Waller Speech | Medium | – |
| 08:30 UTC | USD | FOMC Member Waller Speaks | Medium | – |
| 10:00 UTC | EUR | ECB Executive Board Member Lane 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.