The Underground Trading Community Team

Fixed income in 2025 is navigating a complex junction: yields are elevated compared to the ultra-low era, central-bank policy paths are uncertain, and traditional correlations between stocks and bonds are under strain. According to Morgan Stanley & Co., the fixed-income market is exposed to key risks such as geopolitical supply-chain shocks and increased corporate leverage, even as global investors seek income streams. Also, the BlackRock Inc. systematic fixed-income outlook highlights the...

The commodity universe in 2025 faces conflicting forces: physical-market constraints (especially in metals, energy) suggest upside potential; but slower global growth, a weaker dollar (which typically supports commodities) and structural demand evolution (green transition) add complexity. For example, Morgan Stanley & Co. identifies three major areas to watch in commodities: inflation, USD trajectory and physical supply deficits. Meanwhile the World Bank projects a modest decline in...

Currency markets are increasingly reflecting policy divergence , global growth anxieties and the implications of narrower U.S. dominance. According to a recent survey by Reuters, FX strategists expect the U.S. dollar (USD) to continue weakening through November as markets price multiple rate cuts by the Federal Reserve. Meanwhile, EUR/USD forecasts point toward 1.20+ for the euro by end-2025 or early-2026. The FX backdrop is shaped by: central-bank divergence (Fed vs ECB/BoE/others),...