Build Your Bias guides
Plain-language guides to reading the macro context traders watch every day. Free, in English and French.
How to build your own daily bias
Learn to form a daily market bias from yesterday's moves, overnight conditions and today's events, then write scenarios and review them after the session.
Read the guideHow to read Treasury yields and the yield curve
Learn what the 2-year and 10-year Treasury yields reflect, how the 10y-2y spread works, and why futures, dollar and gold traders watch the curve.
Read the guideHow to read the US dollar index (DXY)
Learn what the US dollar index measures, what tends to move it, and how dollar strength has related to stocks, gold, oil and the Canadian dollar.
Read the guideHow to read the VIX
Learn what the VIX measures, why it usually rises when stocks fall, what low and high readings suggest, how spikes behave, and where the index falls short.
Read the guideHow to read the US CPI report
A plain-language guide to the US CPI report: headline vs core, monthly vs yearly changes, shelter, Fed expectations, and how markets react to surprises.
Read the guideHow to read the US jobs report (nonfarm payrolls)
A plain-language guide to the US jobs report: payrolls, unemployment, wages, revisions, the two surveys, release timing and why surprises can move markets.
Read the guideHow to read an FOMC meeting
A plain-language guide to the FOMC statement, rate decision, press conference, dot plot and minutes, and why expectations and wording drive market reactions.
Read the guideHow to read central bank tone
Learn how hawkish and dovish language, forward guidance and dissents from the Fed, Bank of Canada and ECB can shift rate expectations.
Read the guideHow to read sector rotation
Learn how money tends to move between cyclical, defensive, growth and value sectors, and how rates, the economic cycle and earnings shape that rotation.
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