Macro economy scoring for every major currency
Macro economy scoring turns the releases behind a currency into a few numbers you can compare. Forex Fundamentals scores the ten major currencies on growth, inflation, real rates and the expected path of their central bank. The scores sit under every Bias, so you can see what a call rests on.
| Currency | Growth | Inflation | Real rates | Policy path |
|---|---|---|---|---|
 AUD | +1 | +2 | +2 | +1 |
 USD | +1 | +1 | +1 | 0 |
 GBP | 0 | +2 | +1 | −1 |
 EUR | −1 | 0 | −1 | 0 |
 CAD | −1 | −1 | 0 | −2 |
 CHF | −2 | −2 | −2 | −1 |
What gets scored
Each currency’s page lists the measures the desk reads it on, each with the currency’s place among the ten:
- Growth: jobs, wages, retail sales, business surveys, output and GDP, against the economy’s own normal.
- Real rates: the two-year government bond yield with inflation taken out, against the other nine.
- Policy path: what the market expects the central bank to do with its rate over the next year.
- Carry and external balance: what holding the currency earns, and what the country earns from the world outside it.
- Inflation is reported beside the scores rather than inside them: it already reaches them through real rates and the policy path, and counting it twice would weigh one fact double.
Growth and inflation on one map
The Growth & inflation page puts the ten on one map, each currency placed by its growth score and its inflation score from −2 to +2, with the path it took over the last month.
The corner a currency lands in says what its central bank is likely to do: where growth and prices are both rising, rates can stay high; where both are slowing, cuts come closer. Open a currency for the figures behind each score, their last releases and the central bank in its own words.
How the desk works
Every Bias, Score and Call comes from the same routine.
It reads the sources: central banks, statistics offices and the CFTC’s positioning report.
It scores each of the ten currencies Factor by Factor; the Score adds them up.
It gives each currency a Bias with a Confidence, and each pair it trades a Call: Buy, Sell or Range.
It writes down why, and what would change the call.
It reads a call again when the data behind it changes: a release, a central-bank decision, a shift in positioning.
It is research, not a signal service: entry, size and exit stay yours.
Questions
How is this different from the economic calendar?
The calendar says what was released and when. Macro economy scoring says where those figures leave each economy, and what that means for its central bank and its currency.
Why is a slow economy not marked down?
Growth is measured against the country’s own past, so a +2 in Switzerland and a +2 in Australia both mean growth running clearly above trend. It says nothing about which economy is bigger or faster.
Does a strong macro score mean the currency will rise?
No. It is one input to the Bias, beside what markets already price. When to enter, how much to risk and where to exit stay your decisions.
Forex Fundamentals is research, not investment advice: entry, size and exit stay yours. Trading foreign exchange carries risk.