MARKET CONTEXT
Read a daily FX risk sentiment proxy built from six currency crosses. A stronger AUD or NZD relative to JPY, CHF and USD raises the score.
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This is TradeSidecar’s daily currency-based proxy, using AUD/JPY, NZD/JPY, AUD/CHF, NZD/CHF, AUD/USD and NZD/USD at equal weights. It offers one view of risk-sensitive currency movement. It does not measure flows in stocks, bonds, gold or volatility futures.
For a lookback of N observations, each pair’s percentage change is divided by √N. We clamp that value between −1 and +1, then calculate component score = 50 + 50 × clamped value. The meter is the arithmetic mean of the six component scores.
A one-observation +1% change produces a score of 100 for that component, −1% produces 0 and no change produces 50. Scores of 60 or more show a risk-on tilt; 40 or less show a risk-off tilt; the middle is mixed. These are model choices, not probabilities.
The pairs share currencies, so they are not six independent signals. Monetary policy and local news can dominate broader sentiment. This is a daily reference-data model, not a live cross-asset index or a forecast. The component table and comparison dates make its inputs inspectable.