Hey guys.
As a macro trader, I really need to look at a wide variety of indicators and market data, whether economic or price based.
However, I HATE many of the other charts that are out there.
So I'd like to introduce you to a little known trick.
Have you heard of Quandl?
They provide alternate data sets for loads of different types of things, whether it's COT data, corporate debt, carbon emissions... you name it, you can probably find it.
The problem is that many of these cost.
Enter FRED, or 'Federal Reserve Economic Data', compiled by the Federal Reserve Bank of St Louis.
They provide data on their website, but the charts aren't very intuitive and you can't manipulate, compare or add in other assets to try to visualise a thesis.
So, there's a great solution.
In the chart above, I have shown the 10-Year Treasury Constant Maturity Minus 3-Month Treasury Constant Maturity.
This is an interest rate spread - and specifically, it's identifying a steepener trade (this shows that the yield on longer term bonds are rising faster than shorter term bonds, so could be indicative of an increase in inflation expectations).
So what I did was go onto FRED (give it a Google), copy the data code (T10Y3M), head over the Quandl (again, give it a Google), then pop that code into the search box.
You'll then see the data set pop up.
Click through and you will see a standard boring orange line chart.
But over to the right, you'll see 'Excel/TradingView' buttons.
Click TradingView and you can view the data in TV charts!
FRED data is all totally free and it's pretty comprehensive.
Check it out and let me know what you think.
As a macro trader, I really need to look at a wide variety of indicators and market data, whether economic or price based.
However, I HATE many of the other charts that are out there.
So I'd like to introduce you to a little known trick.
Have you heard of Quandl?
They provide alternate data sets for loads of different types of things, whether it's COT data, corporate debt, carbon emissions... you name it, you can probably find it.
The problem is that many of these cost.
Enter FRED, or 'Federal Reserve Economic Data', compiled by the Federal Reserve Bank of St Louis.
They provide data on their website, but the charts aren't very intuitive and you can't manipulate, compare or add in other assets to try to visualise a thesis.
So, there's a great solution.
In the chart above, I have shown the 10-Year Treasury Constant Maturity Minus 3-Month Treasury Constant Maturity.
This is an interest rate spread - and specifically, it's identifying a steepener trade (this shows that the yield on longer term bonds are rising faster than shorter term bonds, so could be indicative of an increase in inflation expectations).
So what I did was go onto FRED (give it a Google), copy the data code (T10Y3M), head over the Quandl (again, give it a Google), then pop that code into the search box.
You'll then see the data set pop up.
Click through and you will see a standard boring orange line chart.
But over to the right, you'll see 'Excel/TradingView' buttons.
Click TradingView and you can view the data in TV charts!
FRED data is all totally free and it's pretty comprehensive.
Check it out and let me know what you think.
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