The Spectra Markets Library

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am/FX

Getting towards flat

The next 10 days could be a slog, and I don’t want to be long a ton of vol

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friday speedrun
Friday Speedrun

Where are the animal spirits?

Make it make sense.

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am/FX

Something is wrong

The disinflationary boom trade after CPI isn’t working

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am/FX

USD, JPY, semis and MU

Do or die time for semiconductor and memory stocks

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am/FX

For alpha, must know beta

I use CAD crosses as an example of an important RV trading concept

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am/FX

The data won’t play ball

The Fed is desperate to hike, but the data refuses to cooperate.

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am/FX

GPIF and CPI

The overnight story changes nothing re: GPIF. CPI and Fedspeak on deck.

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friday speedrun
Friday Speedrun

Lotta Noise

Lots going on, but much of it is noise.

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am/FX

Seeking to encourage

When the government seeks to encourage GPIF, they will comply

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am/FX

Explaining yen

Yes, it’s the fiscal and monetary mix but I need more than that to trade it

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am/FX

Past performance

Summary results of my 2026 trade ideas + some other stuff like USDJPY and MU

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am/FX

RBNZ Day

I like short NZDJPY into RBNZ

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The Macro Trading Floor podcast

Catch up with Brent Donnelly and Macro Alf every week on The Macro Trading Floor. Listen as they discuss themes that are moving markets, highlight important trade ideas, and get to the bottom of what’s going on in macro.

“am/FX is a must read for everyone who wants to
understand global macro trading.”

John Mauldin, Chairman
Mauldin Economics

50 Trades in 50 Weeks

One year of good ideas, dumb mistakes, and timeless trading lessons over a wide range of topics like tactics, strategy, mindset, risk management, and of course the psychology of successful trading. Watch real trade ideas come to life in real time.

Professional skills for finance.

Tap into the wisdom of the most respected names in global markets. Connect theory to practice and advance your career.