We anticipate additional USD weakness in the fourth quarter, followed by a rebound in 2026. For the remainder of this year, we expect the USD to remain weak due to persistent softness in the U.S....
FX Options Insights 1/10/25
While the foreign exchange (FX) volatility, which is crucial for the functioning and pricing of options, has been notably absent for a considerable duration, the current low levels of implied...
Institutional Insights: Deutsche Bank - Who Drives Gold Prices
In our FX Blueprint note, we maintain a constructive outlook on gold relative to short crude oil. This perspective aligns with our recent upgrade to gold forecasts for 2026. A key point in our...
Consolidated Recap of Goldman Sachs Positioning MetricsSummary1. CTA Corner: - CTAs are currently positioned long $172 billion in global equities, with $66 billion allocated to U.S. equities. -...
FX Options Insights: 30/9/25
In a low-volatility environment, the FX options market presents an insightful perspective on where traders anticipate possible instability. Elevated FX volatility risk premiums surrounding specific...
Institutional Insights: Deutche Bank Flows & Positioning 29/9/25
The recent commentary on equity positioning highlights a nuanced view of the market dynamics, particularly in light of the Federal Reserve's interest rate policies and economic growth...
FX Options Insights: Month End Prelims
Euro correction risks remain significant due to the recent false break above the 1.19 level following the Federal Reserve's decisions. The softer German IFO data contributes to the downward...
Institutional Insights: Goldman Sachs - Gold What's Going On Under The Hood
Summary: Chinese speculators increased their positions yesterday but are stable today. ETFs purchased 280k yesterday, compared to 860k on Friday. The volatility move has been fairly stable; 3M ATM...
Summary: Hedge funds (HFs) experienced limited benefits from the market's grind higher, as short positions generally outperformed long positions over the week. As a result, average HF returns...
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