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Investment Bank Outlook

Institutional Insights: HSBC 2026 FX Strategy
Institutional Insights: HSBC 2026 FX Strategy

2026: Weighing It UpWe anticipate the broad USD to face softer conditions in 2026, driven by the Fed’s easing bias. A weaker USD environment provides support for other currencies.Our longstanding...

Institutional Insights: JPMorgan Trading NFP January 2026
Institutional Insights: JPMorgan Trading NFP January 2026

TRADING NFP – JANUARY 2026  JPM US MARKET INTELLIGENCE NOT A PRODUCT OF RESEARCH  US MARKET INTELLIGENCE NFP SCENARIO ANALYSIS  Feroli’s NFP preview projects 75k jobs added, surpassing the Street’s...

Institutional Insights: Mizuho USD 'Messy Correlations, But The Path Is Lower'
Institutional Insights: Mizuho USD 'Messy Correlations, But The Path Is Lower'

USD FX – Complex correlations, but a downward trend likely in the months ahead due to growth dynamics.  USD frameworks remain challenging: Trading USD in 2023-24 was difficult, but 2025 has proven...

Institutional FX Insights: JPMorgan Trading Desk Views 17/12/25
Institutional FX Insights: JPMorgan Trading Desk Views 17/12/25

With numerous upcoming events, let's first examine the developments from the last 24 hours and how they set the stage for today. The European PMIs had little effect on the markets, though the...

SP500 LDN TRADING UPDATE 17/12/25
SP500 LDN TRADING UPDATE 17/12/25

SP500 LDN TRADING UPDATE 17/12/25PLEASE NOTE THIS IS FINAL SP500 UPDATE OF 2025, UPDATES WILL RESUME JAN 6WEEKLY & DAILY LEVELS***QUOTING ES1! FOR CASH US500 EQUIVALENT LEVELS, SUBTRACT POINT...

SP500 LDN TRADING UPDATE 16/12/25
SP500 LDN TRADING UPDATE 16/12/25

SP500 LDN TRADING UPDATE 16/12/25WEEKLY & DAILY LEVELS***QUOTING ES1! FOR CASH US500 EQUIVALENT LEVELS, SUBTRACT POINT DIFFERENCE***WEEKLY BULL BEAR ZONE 6810/00WEEKLY RANGE RES 6940 SUP 6725DEC...

Institutional Insights: Goldman Sachs Trading NFP's 16/12/25
Institutional Insights: Goldman Sachs Trading NFP's 16/12/25

Goldman Sachs expects a soft but not scary US labor report (covering both October and November), consistent with a gradually cooling labor market, but not a recession signal. Markets are quite...

Institutional FX Insights: JPMorgan Trading Desk Views 15/12/25
Institutional FX Insights: JPMorgan Trading Desk Views 15/12/25

This week is packed with moving parts, making it no surprise that risk has been scaled back as we await key data releases, including NFP, CPI, PMI, and retail sales from the US. Meanwhile, PMIs and...

Institutional Insights: Credit Agricole FX Weekly 12/12/25
Institutional Insights: Credit Agricole FX Weekly 12/12/25

USD: struggles all the way," highlights a shifting landscape in global foreign exchange as we approach the end of 2025. The core narrative drives a bearish outlook for the US Dollar following a...