MIDEAST: Escalation In Yemen Raises Stakes Between Saudi & UAE

Jan-07 17:02

You are missing out on very valuable content.

The political situation in Yemen continues to deteriorate, running the risk of further heightened te...

Historical bullets

SECURITY: US-Greenland Joint Statement Shows Little Sign Of Previous Rancour

Dec-08 16:53

The US-Greenland joint committee has issued a statement following a meeting earlier today in the Greenlandic capital, Nuuk. The two sides claim to have "reaffirmed our commitment to a strong and forward-looking relationship based on mutual respect and grounded in shared interests and practical cooperation. We discussed priorities for continued collaboration on areas of mutual interest. The United States and Greenland look forward to building on this momentum in the year ahead and strengthening the ties that support a secure and prosperous Arctic region."

  • Compared to the 2024 statement, conducted under the Biden administration, the 2025 statement is noticeably briefer and more vague, with nothing in the way of concrete areas of cooperation that were identified 14 months ago. The last meeting took place before incumbent US President Donald Trump's aggressive demands in early 2025, demanding Denmark transfer sovereignty of Greenland to the US on national security grounds, sparking a significant deterioration in Danish-US relations and condemnation from Denmark's European allies.
  • Nevertheless, the fact that the statement talks of cooperation and shared interests marks a notable calming of rhetoric from when the issue of Greenland's sovereignty threatened to boil over at the start of the year.
  • A trilateral meeting of the 'permanent committee' involving the US, Greenland, and Denmark is also set to take place, with the new US ambassador to Denmark, Paypal co-founder Kenneth Howery and Greenland's Foreign Minister Vivian Motzfeldt taking part (Denmark has not confirmed who will participate from its side yet). 

 

 

OPTIONS: Larger FX Option Pipeline

Dec-08 16:50
  • EUR/USD: Dec10 $1.1580-81(E1.7bln), $1.1800(E1.7bln); Dec11 $1.1595-00(E3.1bln), $1.1610(E3.4bln), $1.1800(E1.7bln); Dec12 $1.1550(E1.3bln)
  • USD/JPY: Dec11 Y154.95-00($1.1bln), Y156.00($1.8bln); Dec12 Y155.00($1.0bln)
  • GBP/USD: Dec12 $1.3240-55(Gbp1.1bln)
  • AUD/USD: Dec11 $0.6550(A$1.6bln)
  • USD/CNY: Dec10 Cny7.1088($1.2bln)

US TSY OPTIONS: Mar'26 10Y Vol Buyer

Dec-08 16:47
  • +6,000 TYH6 112 straddles, 2-00 vs. 112-07.5/0.06%