Educational Insight: Overview Of Our Major Macro Chart Pack
A run through of our major macro chart pack that we use on a daily basis and how to set them up.

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So I'll go through the, the setup, guys and quickly explain some of the caveats of how we've set up these charts, because there's a couple of important points. If you want to have it look exactly like ours. But I'm not going to go through exactly why we look at these things. We've done individual videos on most of these individual aspects, so I'll quickly just refer to those videos in the video library, and then you guys can just go and catch up if you're not sure why we look at something like a tens and two spread or why we look at inflation expectations.

So I'm not going to go through why they're important, just going to go through the how, and then you can guys can just refer back of course, to, to the why videos in the terminal. But we will look at each of them in a bit more detail. So taking a quick look then at the first one, this is a 10s & 2s spread differential between the major economies.

Now, again, if we quickly go to the terminal, if you open up your video library, if you go to the Q&A section inside that search option, just type in the word "ten" or the letters, the number 10, you'll see there's a video called, "Why the 2s & 10s Yield Spread Matters." So do make sure to catch that video. That'll go through exactly why we look at something like steepness or flatness as the 10s & 2s, why it's important and how it can potentially be used to analyze expectations in the market. So do make sure to refer back to that video. And what we've done to set this up is we've basically just added in the 10s & 2s spread for each one of the majors.

So you can see there's the Japanese 10 year and the 2 year, the German 10s & 2s, the Canadian 10s & 2s, et cetera. And to have more of an apples-to-apples comparison of the steepening and the flattening between these different yield spreads, we've basically just merged everything to the right-hand side. So what you have here is the actual 10s & 2s basis point differential. And then you can also see how that compares between the various major economies' 10s & 2s. So that's the first chart that we look at there.

The second one is one that we often opt out for different charts. So you might not see this one every time. You might see a Fed Funds Futures chart. At some times you might see different futures that we're looking at. So this chart is opted out sometimes for something else. The base one that we have it set up for though, is a currency index, a tracker. So again, why we use currency index is how to set these ones, how to set up a index for a major currency. We've actually done in the terminal as well. If you go to the search option, there just type in "currency index," and that first one you'll see there is, "Build Your Own Currency Index and Tradingview." So that goes through exactly the process we followed for building a currency index for the CAD, for the pound, for the Euro, et cetera. How we've set this up is we've built each one of these ones individually.

Now you'll have a bunch of different scales of course, on the left and the right-hand side when you've done that. And if you just scale everything, or merge everything to the right-hand side it's going to be a very messy chart that you're working with. So in order to see it this way, having more of a cleaner view of the strength and the weaknesses is what, before you merge everything to the right or to the left, make sure to index everything to a hundred.

So instead of just looking at it regular, look at all of them indexed to a hundred. So that's going to give you a much cleaner way of looking at it: merging to the right-hand side. And there's a couple of ways that you can look at this.

Sometimes I look at it from an intraday point of view. So instead of looking at the intermarket monitor, for example, we can see right now today, the Aussie, the Cad, the Kiwi, is leading to the downside, or we can see the Swiss Franc, the Euro, and the Dollar is leading to the upside.

So if you don't have access to something like this, you can just set up a chart like this, and you can clearly see the Cad's moving lower, Kiwi moving lower, Aussie moving lower, at the same time, though we've got the Euro and the Dollar more supported. So just gives you a little bit of a intraday measure for the strengths.

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