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Market Insight

FX Options Insights 01/10/24

FX Options Insights 01/10/24In the midst of the most recent USD recovery, FX volatility measures are trading higher and are still watching for more rises. Due to Tuesday's USD gains, which...

Institutional Insights: Goldman Sachs Flow of Funds Update

Institutional Insights: Goldman Sachs Flow of Funds UpdateAccording to "GS Tactical Flow-of-Funds: China – The China Trade (TCT) – Update"China fear of missing out “FOMO” is increasing.a. I...

Institutional Insights: Deutsche Bank, Investor Positioning and Flows

Institutional Insights: Deutsche Bank, Investor Positioning and FlowsOur measure of aggregate equity positioning crept up further this week but is still onlya bout mid-way in the upper half of its...

FX Options insight 30/09/24

FX Options insight 30/09/24FX option implied volatility with a sub 1-month expiration has reached new recent highs in response to the impending FX risk from Fed speakers and U.S. data. This culminates...

FX Options Insights 27/09/24

FX Options Insights 27/09/24FX option trading reveals EUR/USD downside concernsGains in EUR/USD are inconsistent with recent price fluctuations in FX options. Near-date risk reversals were unable to...

Institutional Insights: Goldman Sachs, China Flows & Positioning

Institutional Insights: Goldman Sachs, China Flows & PositioningGS Tactical Flow-of-Funds: China aka “TCT” aka The China Trade Investors are calling this the most “bullish morning of the year”...

FX Options Insights 26/09/24

FX Options Insights 26/09/24On Thursday, there was no substantial change in the implied volatility of options, which continues to be slightly higher than the levels observed at the beginning of the...

Institutional Insights: Month/Quarter End FX Rebalancing

Institutional Insights: Month/Quarter End FX RebalancingSeveral Investment banks have published signals from their month-end FX rebalancing models, and the general consensus indicates that the U.S....

FX Options Insights 25/09/24

FX Options Insights 25/09/24There is a reluctance to build significant short USD positions via USD put options, suggesting a lack of conviction about deeper USD losses. The broad USD is back under...