Read the market like a desk.
Clear, practical explainers on positioning, central banks and the macro forces that actually move FX, metals and indices. Written by the desk behind the terminal, in plain language, with the same data the platform runs on.
How to Read the COT Report (Without Fooling Yourself)
A plain-language guide to the CFTC Commitments of Traders report: who is in it, what the net position actually tells you, and the traps that catch most traders.
Rate Differentials Explained: Why Interest Rates Move Currencies
Interest rate differentials are one of the strongest forces in FX. Here is what they are, why the expected path matters more than the level, and when they stop working.
How to Read Bank Research Consensus in FX
Sell-side FX research is noisy and often wrong. Used well, the consensus across many banks is still a genuine edge. Here is how I read it, and how to avoid herding.
The Carry Trade Explained: Earning the Rate Differential
The carry trade is one of the oldest ways to make money in FX, and one of the fastest to blow up. Here is how it works, where the return comes from, and what kills it.
Risk-On, Risk-Off: How Sentiment Drives FX
Some days fundamentals move currencies. Other days one thing moves everything: the market's appetite for risk. Here is how to read the risk regime and why it overrides the rest.
How Corroboration Works: Reading Positioning, Research and Rates Together
No single signal is reliable on its own. The real edge in macro is corroboration, when independent reads all point the same way. Here is how I layer them.
What Moves the US Dollar
The dollar sits on one side of most FX trades, so understanding it matters more than any other currency. Here are the forces that actually move it, and the dollar smile.
How to Read a Central Bank Meeting
A rate decision is the least interesting part of a central bank meeting. The market trades the guidance and the surprise. Here is what to watch and how the reaction works.
Currency Correlations: Why Pairs Move Together
Currency pairs are not independent. Understanding which ones move together, which move opposite, and why it changes in a panic keeps you from stacking the same bet.
Retail Sentiment vs COT: The Two Crowds
Retail traders and institutions are two different crowds, and they are often on opposite sides. Here is how to read retail sentiment, and why the divergence is the signal.
FX Trading Sessions and Liquidity
The FX market runs 24 hours, but it does not trade the same all day. Understanding the sessions and where liquidity concentrates changes how you read every move.
Forward Guidance Explained
Central banks move markets with words, not just rates. Forward guidance steers the expected path of policy, which is what currencies actually trade. Here is how it works.
What Is Macro Trading?
Macro trading means reading markets top-down, through the big forces of rates, growth, policy and risk, rather than company details or chart patterns alone. Here is what it is and how to start.
What Moves Currency Prices? A Beginner's Guide
Currencies move on a handful of big forces: interest rates, economic data, risk sentiment and positioning. Here is a plain-language guide to each, and how they fit together.
Fundamental vs Technical Analysis in FX
The two ways to read a currency market are not enemies. Fundamentals explain the why and the direction, technicals help with the when and the where. Here is an honest comparison.