We have a quick question here from Asanka who asked whether we can share the charts and codes that we use on TradingView in the terminal, saying that he wants to be able to use the exact charts that we do on TradingView and is finding it difficult to find some of them.
Thanks for the question Asanka, so what I have done to make this easier is I have just setup a really simple excel sheet, and on the sheet I have divided them in groups according to the various chart layouts that we use on a daily basis, whether for our own analysis or in the videos or webinars etc.
To find the sheet simply go to the terminal, open up the Currency Research tab, and then scroll right down to the bottom to the Analysis Resources section, and the very last one will be called TradingView Codes.
So, as you can see the sheet is divided into the names of our chart layouts, and we can quickly run through each of them just so you know what they are and have a visual reference for them. Firstly, we have the FX majors layout, and that as you know is simply just the 7 major FX currency pairs and we also include the Dollar Index in there for additional analysis as well.
Then we have the equity layout, now as you know from prior videos we prefer to look at the equity futures as they are running throughout the day so it gives you a good sense of overall equity risk tones by looking at the futures, and here as you know we just have the basics like the three major US equity futures which is the S&P, Nasdaq and Dow, and on the European front we have the Dax30, Eurostoxx50 and the FTSE100, and for Asia we have the ASX, and then we also look at the VIX as well.
Then turning to bonds, or bond yields rather, this one you can have as you want really, whether you want to have the bonds itself or the yields doesn’t matter, as long as you know how the bond and it’s yield is expected to move in certain situations you can choose which one you want to look at, I like looking at the yields but some prefer the bonds, now if you want to change the outlook from yields to bonds, you’ll see on the excel sheet at the codes, you can simply just drop the last “Y”, and it should then give you the bond instead of the yield, and then just make sure you pick the right one from the list.
Then turning to commodities, we have Gold, Copper, WTI and Brent Crude, you can also add in silver in there if you want, but I prefer looking at these 4 to give me a sense of what metals and oil are doing.
Then we also have the Risk Sensitive FX Pairs layout, which is simply just the three high-beta currencies versus the two safe havens, nothing fancy here, just nice to see them all on one chart layout is helpful in my opinion.
Then, we also have the FAANG+ stocks, this one is simply just here to show us what is happening in the big tech names, and the reason we look at them of course is due to their importance for the indices like the S&P and the Nasdaq, as they are market cap weighted these big names make up the biggest part of the index movements, so they are helpful to gauge, especially to use as a possible reference for why the market is moving the way it’s moving.
Then we have the EM Currency pairs, which basically has most of the important EM currencies versus the Dollar, this is handy when we are trying to establish whether a broad-based Dollar move is limited to the developed currencies or whether something in the EM space is spilling through to the rest, like the USDCNH recently has been a key driver of downside in the Dollar and upside in risk flows.
Apart from that, we also have the volatility tracker, and this aims to keep track of any and all cross-asset volatility movements, so that would be by looking at things like the VIX, or things like Oil volatility which is OVX, of gold volatility that is GVZ or Emerging market volatility which is VXEEM etc, always a handy gauge to look at.
There is also another one that is helpful that we set up, that is called Major Macro Charts, and this just tries to combine all the major charts into one screen, so that would mean looking at EURUSD, the Dollar Index, the VIX, the S&P, US 10Y bond, Gold etc, just giving you a quick overview of what the major markets are doing, all on one screen.
And then lastly, another handy one, especially if you are planning to trade equities, something that can be helpful is looking at the sector breakdown, so on the Stock Sector layout you can see which sectors are driving higher or lower in any given session, and it’s a good way to look at the drivers of the US equity space, just like we use the FAANG+ stocks, you can use this sector breakdown to see what is driving equites and why, and that can give you an idea on whether a move might be sustainable or not.