Exclusive Energy Markets Update: Why is Everything Expensive?

U.S. War in Iran is about to reach a new stage of escalation, keeping oil prices elevated.

Exclusive EUR/GBP - fiscal focus

France’s political and fiscal issues are arguably in a more difficult position currently than those of the UK.

Exclusive Credit Compass: A French reckoning

While the French event risk surrounding the budget negotiations and upcoming presidential elections were no surprise, we suspect few anticipated such a rapid reaction.

Exclusive New Zealand's protein moment

New Zealand has a temporary opportunity from tight global protein supply. Long-term value will come from proving why its protein is worth more, not producing more.

Exclusive CFTC speculators' net FX positioning: AUD - Deeper

AUD net shorts have moved higher for the third week in a row, to their highest level since December 2025.

Every week, we publish a view using data from the Commitment of Traders report published by the US Commodity Futures Trading Commission.