Sydney Open Briefing: Wednesday, July 29, 2026
Sydney opens with European equities closing higher, with the UK100 up 0.62% and the DE40 gaining 0.56%. The US Dollar showed some weakness, with USDCHF down 0.23% and EURUSD up 0.23%. The overall risk meter stands at +0.21, indicating a slightly risk-on sentiment. Over the past 24 hours, the Australian Dollar was the weakest performer, down 0.28%.
Recent US data releases showed strength, with the Dallas Fed Services Business Activity at 6.6 against a consensus of 6.2, and Services Revenues at 9.5 compared to a consensus of 3.6. CB Consumer Confidence also surprised positively at 90.8 versus an 89.5 consensus. The 7-Year Note Auction yielded 4.473%. Manufacturing Production y/y in India came in at 7.8% against a 4.2% consensus.
Attention now turns to a suite of Australian CPI data scheduled for 01:30 UTC. Key releases include Australia CPI q/q, with a consensus of 1.1% compared to a previous of 1.4%, and the Australia Monthly CPI Indicator y/y, with a consensus of 4.0%. Positioning shifts show the crowd on EURJPY moved 8pt toward long in 24 hours, while on EURGBP, the crowd flipped from 56% long to 51% short.
The most important item ahead for this session is the Australia CPI q/q release.
| At a glance | |
|---|---|
| Biggest moves since the previous session | UK100 +0.62%, DE40 +0.56%, USDCHF -0.23% |
| Currency strength, 24h | NZD strongest at +0.21%, AUD weakest at -0.28% |
| Risk meter | +0.21 (mildly risk-on) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 01:30 UTC | AUD | Australia CPI q/q | High | 1.1% |
| 01:30 UTC | AUD | Australia Monthly CPI Indicator y/y | High | 4.0% |
| 01:30 UTC | AUD | CPI m/m | High | 0.2% |
| 01:30 UTC | AUD | Trimmed Mean CPI m/m | High | 0.3% |
| 01:30 UTC | AUD | RBA Trimmed Mean CPI q/q | Medium | 0.8% |
| 01:30 UTC | AUD | CPI | Medium | 100 |
| 01:30 UTC | AUD | RBA Weighted Median CPI y/y | Medium | 3.9% |
| 06:00 UTC | SEK | GDP y/y | Medium | 1.8% |
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.