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Market Insight

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...

Institutional Insights: Goldman Sachs - Gold: Profit Taking

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...

Institutional Insights: Month End FX Rebalancing Models

Institutional Insights: Month End FX Rebalancing ModelsBanks are sharing their expectations for month-end rebalancing in February, indicating a consensus for demand for USD. According to Deutsche...

Institutional Insights:Goldman Sachs - Equity Positioning and Key Levels

Goldman Sachs - Equity Positioning and Key Levels FICC and Equities 24 February 2025 Consolidated Recap of GS Positioning Metrics Summary: 1. CTA Corner: - Current CTA positioning shows a...

FX Options Insights 25/02/25

FX Options InsightsImplied volatility has faced significant pressure this February due to the lack of FX market volatility and swift directional shifts, both of which are critical for the performance...