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  • Macro indicators, also called economic indicators, are data points that describe policy, liquidity, inflation, growth, credit conditions, and risk appetite across markets.
  • They help explain what is happening beneath price across equities, rates, FX, commodities, and crypto.
  • This page is the public hub for the Macro Heat library, designed to help you find the right indicator fast, then open the guide that matches your question.
  • This hub is updated as new guides go live, so it stays current as the library grows.
  • If any terms feel unfamiliar, keep the Crypto Glossary for Beginners open in another tab, then return here.

Key Points

  • Most macro analysis can be organised into a few families, rates, liquidity, inflation, credit, volatility, growth, the dollar, and positioning.
  • Leading indicators often move first, policy expectations, liquidity conditions, credit spreads, and volatility… slower data can confirm later and is often revised.
  • This hub is designed for fast navigation, start with the question, choose the category, then open the guide that fits.
  • For most readers, a weekly review is enough… daily checking usually matters only around event weeks.
  • This hub is updated as new guides go live, so it stays current as the library grows.

Members Macro Analysis And Commentary

  • This macro hub includes both free guides and deeper members-only posts.
  • Free posts focus on education, definitions, workflows, and how to read each indicator.
  • Members-only posts add analysis and commentary from Oz, combining multiple indicators into one view so the macro picture is not read in isolation.
  • If you click a post and it is paywalled, that is a members analysis piece.
Jump To A Category

Quick Picker

  • Start with the question you are trying to answer.
  • Use the matching section below to find the right group of macro guides.
  • If the question is “Why did markets move?” start with Rates And Policy, then check Volatility And Risk Pricing and Credit And Funding Stress.
  • If the question is “Is liquidity helping or hurting risk?” start with Liquidity And Money, then cross check FX And The Dollar and Financial Conditions.
  • If the question is “Is inflation pressure rising or fading?” start with Inflation And Expectations, then confirm with Commodities And Growth Signals and Growth And Labour.
  • If the question is “Is this trend driven or positioning driven?” start with Trend And Positioning, then confirm with Volatility And Risk Pricing.
  • For most readers, a weekly check is enough… daily macro watching usually adds noise unless it is an event week.

Rates And Policy

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Photo by Joshua Woroniecki / Unsplash

Liquidity And Money

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Inflation And Expectations

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Photo by Adam Nir / Unsplash

Volatility And Risk Pricing

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Credit And Funding Stress

  • High Yield Spreads And Why Credit Leads Risk
  • BBB Spread 101 The Line Between Safe And Spicy Credit
  • Investment Grade vs High Yield What IG OAS Tells You That HY Does Not (Coming soon)
  • Commercial Paper And Funding Stress Reading CP Rates And TED Style Gaps (Coming soon)
  • Bank Lending Standards (SLOOS) Why Tighter Can Bite Risk Assets (Coming soon)
  • Financial Conditions Index What Tight And Loose Really Mean (Coming soon)
  • This Is Not 2008 It Is A Positioning Reset Not A Credit Crisis

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FX And The Dollar

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Commodities And Growth Signals

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Photo by Karl Raymund Catabas / Unsplash

Growth And Labour

  • Jobless Claims And Payrolls Which Labour Signals Matter For Markets (Coming soon)
  • PMIs 101 Manufacturing Services And The New Orders Tell (Coming soon)

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Trend And Positioning

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Macro Narratives And Case Studies

These are not pure indicator primers… they are scenario reads and narrative framing pieces. They can still be useful once you know the basics.

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Photo by Andrea Leopardi / Unsplash

Mini FAQs

What are macro indicators and economic indicators?
They are data points that describe policy, liquidity, inflation, growth, credit conditions, and risk appetite across markets.

What are leading economic indicators?
Leading indicators tend to change before the economy and earnings do, examples include rate expectations, credit spreads, volatility, and certain survey data.

What is the difference between leading, lagging, and coincident indicators?
Leading indicators often move first, coincident indicators describe what is happening now, lagging indicators confirm what already happened.

What should be checked first each week?
Rates and policy expectations, liquidity conditions, credit spreads, and volatility usually frame the week fastest.

How should macro indicators be used in a simple workflow?
Start with rates and liquidity, then check credit and volatility, then use inflation and labour data as confirmation.

Where can these macro indicators be tracked?
Most are available through central banks, national statistics releases, and widely used market data platforms, then summarised in Macro Heat guides here.

Why do macro indicators sometimes conflict?
Different parts of the system can move in opposite directions, for example easing liquidity with sticky inflation, or strong growth with rising credit stress.

How does macro affect crypto?
Crypto tends to respond to the same regime forces as other risk assets, liquidity, the dollar, real yields, and volatility often shape the environment.

How often should macro be checked?
Weekly is enough for most readers. Daily checks make sense mainly during event weeks such as CPI, central bank decisions, or major risk shocks.

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Photo by Robb Miller / Unsplash

If this helped and you want the analysis layer, members-only posts add macro analysis and commentary from Oz, combining multiple indicators into one view so you can see how the team is framing the market.

Alpha Insider members also get:

➡️ Kairos timing windows to plan entries before the crowd moves
➡️ A full DCA Targets page with levels mapped for this cycle
➡️ Exclusive member videos breaking down charts in plain English
➡️ A private Telegram community where conviction is shared daily
➡️ A dedicated Macro Analysis page with regularly updated analysis and monthly reports

This content is for educational purposes only and is not financial advice. Markets are volatile and you can lose money. Do your own research and consider your risk tolerance before making financial decisions.