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Market Insight

Institutional Insights: Goldman Sachs NFP Scenario Analysis 07/03/25

Goldman Sachs: NFP PREVIEW FICC and Equities From GS Research: We project nonfarm payrolls increased by 170k in February, slightly exceeding the consensus estimate of +160k but falling short of the...

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 "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 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...

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...

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...

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 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...

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...