U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Stock Futures Dip as Investors Await Key Payrolls Data 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
2025 Market Outlook: Key January Events to Watch 
Urban studies: Doing research when every city is different 
Gold Surges Past $4400 on Crude Oil Rally; Bullish Trend Dominates 
Add as a preferred source on Google
Gamma ownership in EUR and USD against EMFX space is rendering lucrative options on central bank meetings (c.f. BoE), and in vega-neutral steepener format along steep vol curves.
EURNZD gamma is still good value on RBNZ’s status; +2M/-6M calendars in EURTRY and USDMXN screen cheap.
EURNZD is the NZD-cross that screens the best value in gamma to benefit from such a turn of events (refer above chart; 2W ATM 8.1 vs. hourly realized vol 1-wk 9.0, 4-wk 9.5) and is worth holding into the event.
Directional plays for a tactical NZD bounce could take the form of either 1M 1.64 EUR put/NZD call one touch (5X gearing off spot ref. 1.6815) or 1M 1.671.65 put spread (3.5X).
High carry and chronic risk-reversal underperformance suggest value in at-expiry digital risk-reversals in EURRUB to benefit from higher oil prices.
Carry/vol ratios in long-dated TRY options are testing 2008’s record highs.
Liquidity permitting, long-dated EURTRY straddles are worth owning against a bullish EM portfolio.
