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Market Insight

Institutional Insights: BofA Flow Show 07/03/25
Institutional Insights: BofA Flow Show 07/03/25

The Flow ShowScores on the Doors:gold at 10.8%, IG bonds at 2.7%, HY bonds at 2.6%, government bonds at 2.5%, stocks at 1.3%, cash at 0.7%, commodities at -0.2%, US dollar at -4.1%, oil at -7.5%, and...

Institutional Insights: Nomura
Institutional Insights: Nomura "Gamma Man"

POTUS Trump is once again demonstrating his role as “The Gamma Man,” with policies that disrupt global norms, reset the status quo, and drive paradigm shifts. In this latest instance, his actions are...

FX options Insight 06/03/25
FX options Insight 06/03/25

FX options InsightVolatility has emerged as the sole constant in the FX market, fostering optimal conditions for options trading. It is not surprising that implied volatility has soared to...

FX Options Insights
FX Options Insights

FX Options InsightsEUR/USD is leading a significant surge in implied volatility for EUR/cross options, with a pronounced shift in premiums favoring EUR calls over puts. The lack of topside options for...

Institutional Insights: Nomura - 'Growth Scare - Growth Shock'
Institutional Insights: Nomura - 'Growth Scare - Growth Shock'

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...

Institutional Insights: Goldman Sachs SP500 Positioning & Key Levels 04/03/25
Institutional Insights: Goldman Sachs SP500 Positioning & Key Levels 04/03/25

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...

FX Options Insights 04/03/25
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...

Institutional Insights: Goldman Sachs Global FX Trader
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...

Institutional Insights: Credit Agricole FX Weekly 28/02/25
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...