Nomura - 'Growth Scare - Growth Shock'According to Nomura's flow guru McElligott, ISM data indicating "stagflation" has compounded ongoing concerns tied to the so-called...
FX Options Insights 04/03/25
FX Options InsightsFX option markets are signaling heightened concerns over currency volatility, driven by trade tariffs, political developments, and shifting policy outlooks. The recent introduction...
US Equity Positioning and Key LevelsFICC and Equities | 3 March 2025 | Consolidated Recap of Goldman Sachs Positioning MetricsSummary:CTA Corner:CTAs are modeled long +$137bn in global equities (78th...
Institutional Insights: Goldman Sachs Global FX Trader
USD: Pulling at the Strings of an Accord We remain skeptical of a centrally-planned currency accord but acknowledge shifting global policies could create conditions to weaken the Dollar. Historical...
FX Options Insights 28/2/25
FX Options Insights President Donald Trump's remarks on tariffs on Thursday reduced risk appetite, leading to widespread USD strength, with the CAD suffering the most. Implied volatility remained...
Institutional Insights: Credit Agricole FX Weekly 28/02/25
USD: exercise caution regarding tariffs in March (or possibly April?)The turnaround of the USD fortunes in the weeks following President Donald Trump’s inauguration on January 20 took many by...
Gold Futures: Profit TakingAfter enduring several days of broader weaknesses in commodities, Gold experienced a pullback on February 25th. A significant amount of profit taking appeared to take place...
FX Options Insights 27/02/25
FX Options Insights Despite the lack of realized FX volatility, broader implied volatility remains supported above both recent and long-term lows. This resilience underscores the persistent...
FX Options Insights 26/02/25
FX Options InsightsImplied volatility acts as a proxy for actual or realized FX volatility, a crucial yet unpredictable factor in determining FX option premiums. Despite low realized volatility and...
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