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India’s M3 money supply remained stable at 9.6% as of March 17.
EUR/USD reached its highest level since early October, trading near 1.1100, amid mixed US data.
GBP/USD consolidated gains after dipping below 1.3200 but remained strong around 1.3150.
Analysis Of Gbp Price Action
Cable’s recent dip and subsequent consolidation around 1.3150 tell us the market hasn’t abandoned sterling just yet. Price action has proven resilient even after failing to hold highs above 1.3200. We interpret the mild retracement as corrective rather than structural. GBP risk reversals and front-end skew can help verify that—if sentiment leans supportive, the existing delta profiles may still offer modest upside convexity. We suggest checking open interest flows around quarter-end for any signs of hedging pressure.
Turning to commodities, the bounce in gold close to $3,100 after dipping near $3,050 reflects buying interest at recent support. This reaffirms the metal’s sensitivity to real yields and geopolitical positioning, with many looking to options smile metrics for directional clues. Should this level hold through the next Treasury auction cycle, we anticipate a renewed focus on mid-curve call spreads, especially those tied to macro-event risk like inflation prints or central bank speak.
As for Solana, the 2% rise came alongside a burst of on-chain activity fuelled by decentralised project launches. We are seeing renewed appetite from short-dated traders targeting high-beta altcoins—flows suggest a lean into leveraged longs, although implied vols across weekly expiries haven’t moved drastically. We’re adjusting our gamma thresholds slightly higher in that pocket, factoring in the token’s reactiveness to non-DeFi capital movement.
Impact Of Us Tariff Policy Shift
With tariffs making a return to the US economic playbook, this change could set off sector-specific pricing in equity and commodity derivatives. We treat this as more than a headline; it’s now a timing game. Volatility in cyclicals and trade-sensitive sectors could extend beyond the usual reaction window. Watching vol curves in transportation and manufacturing equities may reveal where positioning is skewing anticipatory.
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