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Institutional research

Institutional Macro Intelligence: Integrating Technical, Fundamental, and Geopolitical Insights

FRGM transforms technical, quantitative, and macro insights into real-time trading intelligence that improves trade timing, portfolio positioning, and risk management

Elliott Waves & Price dynamics

600+Published Research Reports
Cross-AssetFX, Rates, Equities, Energy
IntradayTimely Market Notes
The Desk Behind FRGM

Built by experienced macro and technical research professionals

FRGM focuses on actionable market structure, technical levels, and real-time risk management

Learn about the team
Jugakalpa Das

Jugakalpa Das

Founder & Principal

Global Macro · Fixed Income

Das leads FR Global Macro's investment process, drawing on more than 18 years of experience across fixed income, energy, and cross-asset markets. He previously spent nearly a decade at Bank of America Merrill Lynch as a fixed income options trader, focusing on U.S. interest rate options trading and gamma market-making, before managing a fixed income portfolio at DRW. His investment approach integrates discretionary macro judgment with technical and quantitative research to deliver disciplined portfolio positioning, risk management, and high-conviction macro insights.

18+
Years cross-asset
~$250M
Systematic FI book
~10 years
BofA rates & options
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The research building blocks

Elliott Wave Theory, Market Structure & Real-Time Trade Frameworks

Session-specific market analysis built on technical structure, objective invalidation levels, and clearly defined risk/reward scenarios, delivering actionable insights for timely, disciplined trading decisions.

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Real-Time Edge

Real-time monitoring of market structure identifies emerging opportunities before they become widely recognized. Timely updates improve trade execution and portfolio risk management.

Elliott Wave Theory

A disciplined Elliott Wave framework identifies trend maturity and high-probability inflection points. Clearly defined invalidation levels and risk/reward parameters inform trading decisions.

Cross-Asset Context

Technical signals are evaluated within the cross-asset macro landscape by analyzing relationships among rates, currencies, equities, commodities, volatility markets and geopolitical developments to validate market narratives and strengthen conviction.

The FRGM Research Library

One library for everything

One place for current research, past publications, and market updates — the full output of FRGM in a single, searchable research library

Crypto Technical AnalysisTechnical

Bitcoin Technical Analysis

Instruments: BTC
Crypto
11 September 2026
Daily Oil & CommoditiesTechnical

Daily Oil & Commodities

Instruments: Gold, Copper, Crude Oil
Commodities
11 September 2026
UST Futures Technical AnalysisTechnical

UST Futures Technical Analysis — ZB

Instruments: ZB
Rates
11 September 2026