The macro read, before the chart.
A macro-fundamental engine that turns free public data into G10 FX context and positioning across structural, tactical, and intraday horizons. It's the answer to why price should move, so the levels you trade have a reason behind them.
What it produces
For every G10 pair, multi-horizon context with the thesis, the drivers behind it, and how the crowd is positioned. No signals to follow, just a structured way to see the macro so your own decision is an informed one.
Built entirely on free, public macro data. No black box, no paid feeds. Read the methodology.
- Key drivers
- ECB terminal repricing higher · US growth surprise fading · EUR favored in 3 of 4 convergent pairs
- COT positioning
- Leveraged funds net-long EUR, roughly +1σ vs. its 1-year range
- Invalidation
- EU flash PMI < 47 flips the tactical read short
How it reads the market
Regime first
Every read starts with the risk backdrop (risk-on, transition, or risk-off), drawn from VIX, credit spreads, and equities. It sizes everything downstream.
Two horizons, scored
A structural (3-month) scorecard of slow fundamentals and a tactical (1-month) scorecard weighted to leading indicators. Each carries a bias, a conviction, and its key driver.
Convergence
A currency's bias only counts when it shows up across the pairs it should. The engine reads the whole G10 matrix, not one chart in isolation.
Positioning
COT positioning overlays the fundamentals: is the crowd already there?
Read it in the Workspace.
The Fundamental Core is live on the Maestro plan. Members see the macro read in the Workspace as Today’s read.
The Fundamental Core is research and education, not signals or financial advice. See our Risk Disclosure.
Trading a challenge or a funded account? The same macro read, reordered around a firm’s loss limits: the challenge track.