Sydney Open Briefing: Wednesday, July 22, 2026

The Sydney session opens with a generally positive sentiment across global markets. Asian equities showed strength, with the JP225 up 1.60%, while European and US indices also posted gains, including the DE40 at 0.71%, USTEC at 0.53%, UK100 at 0.50%, and US30 at 0.47%. Gold, XAUUSD, also advanced 0.43%. The Risk Meter currently stands at +0.12, reflecting a slightly risk-on environment. Over the past 24 hours, the USD and AUD were the strongest currencies, both gaining 0.25%, while JPY and GBP were the weakest, down 0.24% and 0.22% respectively.

Recent data releases include South Korea’s PPI y/y, which came in at 8.6% against a consensus of 10.7%, and PPI m/m at 0% compared to a 1.4% consensus. New Zealand’s GDT Price Index registered a 1.5% increase. Crowd positioning on EURJPY saw a 9-point shift toward long in the last 24 hours.

Looking ahead, Japan’s Adjusted Trade Balance and Exports y/y are due at Tue 23:50 UTC. The UK’s CPI y/y is a high-importance release scheduled for Wed 06:00 UTC, with a consensus of 2.7% following a previous 2.8%. Other UK inflation figures, including CPI m/m, CPIH y/y, and CPIH m/m, will also be released at the same time.

Traders will closely monitor the UK’s CPI y/y release later in the 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.