Sydney Open Briefing: Tuesday, November 3, 2026
Markets hand over to Sydney with a risk-off tilt. The risk meter reads -0.39 on a scale from -1 risk-off to +1 risk-on. USTEC is down 1.69% since the reference point, US500 is off 0.70% and JP225 is lower by 0.66%. In Europe, UK100 is up 0.71% and DE40 is up 0.48%. XAUUSD has gained 0.87%. Over 24 hours, CHF is the strongest currency at +0.84%, followed by EUR at +0.26% and GBP at +0.14%. AUD is the weakest at -0.56%, just ahead of NZD and JPY, each at -0.28%.
The RBA Interest Rate Decision is due at 01:30 UTC, with consensus at 4.85% against a previous reading of 4.60%. AUD is the weakest currency on the 24h board going into the release, so the decision lands on a currency that has already been under pressure.
Three more RBA items follow at 04:30 UTC: the Rate Statement, the Monetary Policy Statement and the Press Conference. Later, CHF CPI m/m is due at 07:30 UTC, with consensus at 0.0% and a previous reading of 0.0%. The BCB Focus Market Report for BRL arrives at 11:30 UTC.
Positioning has shifted over 24 hours. On USDCAD, the book went from 56% long to 51% short. On XAUUSD, the book moved 9pt toward short, even as the metal rose. US30 moved 8pt toward short, while BTCUSD moved 8pt toward long.
The single most important item ahead is the RBA Interest Rate Decision at 01:30 UTC.
| At a glance | |
|---|---|
| Biggest moves since the previous session | USTEC -1.69%, XAUUSD +0.87%, UK100 +0.71% |
| Currency strength, 24h | CHF strongest at +0.84%, AUD weakest at -0.56% |
| Risk meter | -0.39 (risk-off) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 01:30 UTC | AUD | RBA Interest Rate Decision | High | 4.85% |
| 04:30 UTC | AUD | RBA Press Conference | High | – |
| 04:30 UTC | AUD | RBA Monetary Policy Statement | High | – |
| 04:30 UTC | AUD | RBA Rate Statement | High | – |
| 07:30 UTC | CHF | CPI m/m | Medium | 0.0% |
| 11:30 UTC | BRL | BCB Focus Market Report | 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.