Corporate Finance


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Currency and Financial Instrument Correlation in FX Markets

Correlation, a statistical measure of how two variables move in relation to each other, plays a central role in shaping foreign exchange trading strategies and identifying market opportunities. Correlation coefficients, which range from -1.0 to +1.0, quantify both the strength and direction of these currency relationships. A value of +1.0 represents a perfect positive correlation, meaning the two currencies move in lockstep in the same direction.

FX Market Brief: September 2024 | Insights from GPS Capital Markets

Following a 25-basis-point rate cut in June, the European Central Bank has seen a quiet summer, keeping interest rates firmly on hold. The pause aligned with market expectations as officials stuck to a “data-dependent and meeting-by-meeting approach,” repeatedly emphasized by ECB President Christine Lagarde. As a result, foreign exchange markets have experienced a period of relative calm, with traders waiting on autumn growth figures to recalibrate their euro expectations.

Case Study: FX Risk Mitigation in Semiconductor Manufacturing

Generating $900 million in annual revenue across 50 global entities, a leading semiconductor manufacturer faced significant challenges in managing multi-currency foreign exchange (FX) risk. Exposed to 12 different currencies, the organization required a sophisticated strategy to stabilize financial outcomes and optimize global cash flows. GPS Capital Markets stepped in to deliver tailored Balance Sheet Hedging expertise, transforming their exposure management.

Case Study: International Entertainment Company Reduces FX Risk

With $900 million in annual revenue and operations spanning 20 countries, a global entertainment enterprise faced increasing complexity in managing currency risk. In Europe alone, the company’s regional entity manages five distinct currencies across its daily operating inflows and outflows. Despite a strong market position, volatile foreign exchange movements and unpredictable cash flow forecasting posed ongoing risks to corporate margins.

Case Study: Top International Architecture Firm Cuts a 7,500 Invoice Backlog with GPS

A top-tier global Architecture, Engineering, and Construction (AEC) firm partnered with GPS Capital Markets to resolve a critical intercompany invoice backlog and eliminate mounting foreign exchange risk. Through targeted process enhancements and advanced analytics, the organization optimized its FX risk exposure, establishing an efficient operational model and delivering long-term value through the FXpert platform.

Local Business and Culture

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Ryan Harrington is Building a Quiet Architecture of Influence

Ryan Harrington has lived in Utah long enough to watch its creative landscape reshape itself—slowly, unevenly, and often through the quiet efforts of those working behind the scenes. Over the past two decades, he has become one of those essential figures. His art blends the precision of design with the raw energy of urban culture, combining clean lines, calibrated color interactions, and balloon-lettering structures centered around a long-running block-head character in marker and acrylic.

A Geometry of Balance in Dan Evans’ Cut-Paper Abstractions at Finch Lane

Dan Evans’ work begins with a fundamental question: what remains once an image is pared to its essentials? “I’ve always been drawn to systems where clarity matters,” he says, “where you pare things down until the lack of recognition engages viewers and holds their attention.” It is a clarity rooted not in what the image depicts, but in the structure that remains after everything recognizable has fallen away.

Holly Rios Turns Printmaking Into a Conversation on Seeing and Being Seen

Grounded in her background as an MFA printmaker, Rios’s work centers on how women view themselves. Her new exhibition uses collage, text, and the uncanny to press into a quiet examination of those internal dynamics. Through silhouetted forms and cropped bodies, her fragmented visual language reflects inherited cultural expectations, inviting a slower gaze where the familiar grows strange enough to reveal its hidden weight.

The Salt Lake Art Museum (SLAM) Finds Sanctuary in the Temple

Built in 1890 for Salt Lake City’s first Jewish congregation, the B’nai Israel Temple holds a depth of cultural history rarely preserved in the modern urban landscape. In a city where progress frequently erases its own architectural heritage, the temple's survival stands out. Restoring the space and establishing the Salt Lake Art Museum (SLAM) within its walls illuminates a narrative long kept at the margins.