GLOBAL MACRO & EVENT RISK
Read the macro environment in sequence: locate event risk, assess interest-rate expectations and the U.S. dollar, compare the cross-asset response, then confirm the exact release schedule. Together these views connect policy, growth and inflation developments with the markets they are most likely to move.
Start with geography. The map shows where scheduled policy decisions, inflation reports, employment data and growth releases are concentrated, helping you identify overlapping regional risks before opening the detailed calendar. Treat clusters as an attention guide rather than a directional trading signal: the market response still depends on the result relative to expectations and on current positioning.
Compare how macro information is being transmitted through markets. The first tab combines short-, intermediate- and long-duration U.S. Treasury ETFs with the Dollar Index; Treasury ETF prices generally move in the opposite direction to yields, so weakness in SHY, IEF or TLT usually signals upward rate pressure. The remaining tabs track risk appetite through equities, volatility and Bitcoin, then inflation and global-demand signals through commodities and major currency pairs. Use the dedicated yield panel below when you need the actual Treasury rates rather than price proxies.
Follow the actual 2-, 10- and 30-year constant-maturity Treasury yields. The 2-year tenor is especially sensitive to expectations for Federal Reserve policy; the 10-year rate combines the outlook for growth, inflation and the long-term discount rate; and the 30-year rate adds more exposure to term premium, fiscal supply and long-run inflation risk. A flatter or inverted 2s10s relationship often accompanies restrictive policy and weaker growth expectations, while a steepening curve can reflect future easing, stronger nominal growth or a rising term premium. These are daily FRED series, so they are best used for macro context rather than tick-by-tick execution.
Check whether a macro move is broad or isolated across regions and asset classes. Synchronized strength in regional equity benchmarks usually points to improving global risk appetite, while a stronger U.S. dollar alongside weaker equities and commodities can signal tighter financial conditions. Divergences matter: for example, resilient gold with rising yields may indicate inflation, fiscal or geopolitical demand, while crude oil weakness against firm equities can point to softer physical growth expectations. Use the currency tab to see where relative policy expectations are being expressed most clearly.
Finish with the release schedule. Review each event’s time, importance, affected currency and—when available—previous, forecast and actual readings. The difference between actual and forecast is the immediate surprise, but the market reaction also depends on revisions, details inside the report and what traders had already priced. Confirm the displayed timezone before planning entries, stops or hedges, and allow for wider spreads and faster price moves around high-importance releases.