Quarter-End, Geopolitics, NFP: The Perfect Storm

Quarter-End, Geopolitics, NFP: The Perfect Storm

Markets opened this week against a backdrop of significant geopolitical escalation. Over the weekend, reports confirmed coordinated strikes on Iranian targets, followed by retaliatory activity across parts of the Gulf region, raising immediate concerns around regional...
2025 FX Wrapped & 2026 Outlook

2025 FX Wrapped & 2026 Outlook

As we reach the final days of 2025, the currency markets stand at a fascinating crossroads. This year has been defined by a Great Divergence, a period where long standing economic trends were upended by a return to protectionism in the US and historic policy...