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Market Analysis

Institutional FX Insights: SEB ' Big Picture FX carry vs what it would take to get FX trends'
Institutional FX Insights: SEB ' Big Picture FX carry vs what it would take to get FX trends'

Big Picture FX — Carry Still Wins in a Range, But the Next Disruptive Trend Is More Likely Short USDThe core FX message is that the market remains remarkably range-bound despite major macro...

Institutional Insights: UBS 'Gold - Not The Last Spike in H2'
Institutional Insights: UBS 'Gold - Not The Last Spike in H2'

Gold Update — Constructive Longer-Term, But Needs USD Weakness, Lower Real Rates, and Sustained ETF DemandGold has firmed in recent days as investors reassess the Fed path and the US dollar. The move...

Institutional Insights: JPMorgan Delta One Flows & Positioning Update 18/1/26
Institutional Insights: JPMorgan Delta One Flows & Positioning Update 18/1/26

Delta-One Flows & Positioning — Semis Sold As AI Demand Stays SelectiveLast week’s flow picture shows a market that is still willing to own risk, but with much sharper discrimination beneath the...

Institutional Insights: Goldman Sachs SP500 August Re-Risking
Institutional Insights: Goldman Sachs SP500 August Re-Risking

US Equities — SP500 August Re-Risking, Vol Reset, and the Shift From Short Singles Vol to Long CorrelationAugust remains biased higher, supported by strong earnings, cleaner positioning, lower Fed...

Institutional FX Insights: BofA Future Effectiveness of Yentervention
Institutional FX Insights: BofA Future Effectiveness of Yentervention

US FX Policy Shift — Coordinated Yen Buying Is a Bigger Signal Than the Size SuggestsThe first coordinated yen-buying operation by the US Treasury since 1998 is a meaningful policy event, even if the...

Institutional Insights: Goldman Sachs S&P500 Trading Desk Roadmap
Institutional Insights: Goldman Sachs S&P500 Trading Desk Roadmap

S&P Roadmap — Higher in August, Choppy Sept/Oct, Final Push Into Year-EndThe path of least resistance for the S&P remains higher in August, but September and October should be choppier as...

USDJPY Daily Trade Setup 13/8/26
USDJPY Daily Trade Setup 13/8/26

USDJPY Daily Trade Setup 13/8/26USDJPY is still long-term bullish above 152, but the H4 structure is vulnerable to another corrective sell leg if price fails at 160/161.Sell rallies into 160/161 while...

S&P500 Daily Action Areas & Price Targets 12/8/26
S&P500 Daily Action Areas & Price Targets 12/8/26

S&P500 Daily Action Areas & Price Targets 12/8/26***QUOTING ES1! FOR CASH US500 EQUIVALENT LEVELS, SUBTRACT POINT DIFFERENCE***WEEKLY BULL BEAR ZONE 7660/50WEEKLY RANGE RES 7880 SUP...

Institutional Insights: JPMorgan Trading August CPI
Institutional Insights: JPMorgan Trading August CPI

JPM US Market Intelligence Desk View: Asymmetric Risk, Bond Market More Sensitive to Hot PrintsThe July CPI print is a key near-term macro catalyst because it will shape the market’s view of whether...