Sydney Open Briefing: Thursday, September 3, 2026
The Sydney session opens with notable strength in the Japanese Yen, which gained 0.98% over the past 24 hours. This contributed to declines in JPY crosses, with USDJPY down 0.63%, GBPJPY down 0.59%, and EURJPY down 0.56%. Gold, XAUUSD, advanced 1.32%. Risk sentiment remains slightly cautious, indicated by a -0.22 reading on the risk meter.
Recent data releases include South Korea’s Foreign Exchange Reserves, which came in at 442.28B, exceeding the 427.17B consensus. Brazil’s Foreign Exchange Flows were also better than expected at -0.543B, compared to a -2.356B consensus. In the US, EIA data showed a 0.6% change in Refinery Utilization Rate and a 0.103M change in Refinery Crude Oil Daily Inputs. Gasoline Stocks saw a larger draw than anticipated, down -1.173M against a -0.552M consensus, while Distillates Stocks unexpectedly built by 0.796M.
Looking ahead, the session features several key data points. Australia’s S&P Global Composite PMI and S&P Global Services PMI were due just prior to the open, with the Services PMI having a consensus of 50.6. Japan’s au Jibun Bank Services PMI is scheduled for 00:30 UTC, with a consensus of 51.3. At 01:30 UTC, Australia’s Trade Balance is expected, with a consensus of 0.336B. China’s Caixin Composite PMI and Caixin Services PMI follow at 01:45 UTC, with the Services PMI consensus at 49.7. Later, Swiss CPI m/m is due at 06:30 UTC, with a consensus of 0.0%.
Traders will monitor the upcoming Trade Balance from Australia.
| At a glance | |
|---|---|
| Biggest moves since the previous session | XAUUSD +1.32%, USDJPY -0.63%, GBPJPY -0.59% |
| Currency strength, 24h | JPY strongest at +0.98%, NZD weakest at -0.87% |
| Risk meter | -0.22 (mildly risk-off) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 23:00 UTC | AUD | S&P Global Composite PMI | Medium | – |
| 23:00 UTC | AUD | S&P Global Services PMI | Medium | 50.6 |
| 00:30 UTC | JPY | au Jibun Bank Services PMI | Medium | 51.3 |
| 01:30 UTC | AUD | Trade Balance | Medium | 0.336B |
| 01:45 UTC | CNY | Caixin Composite PMI | Medium | – |
| 01:45 UTC | CNY | Caixin Services PMI | Medium | 49.7 |
| 05:00 UTC | INR | S&P Global Composite PMI | Medium | – |
| 06:30 UTC | CHF | Swiss CPI m/m | Medium | 0.0% |
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.