Macro dashboard
Updated 9 Sept 2026, 08:50Macro Score
29/100
Risk-off dominant
Macro neutre: assez de signals pour monitor les setups, pas assez pour passer en mode risk-on agressif.
Partial dataFRED / Yahoo / central banks
DXY+6.70%
98.745/100
The DXY measures the dollar against major currencies. A falling DXY often improves appetite for risk assets, but the signal needs confirmation from US yields.
US10Y0.00%
—50/100
Elevated yields keep pressure on small caps and long-duration narratives.
M20.00%
—50/100
Liquidity is recovering slightly, but the signal remains insufficient without a weaker dollar and lower yields.
Federal Reserve28/100
3.50% - 3.75%28/100
United States · Base case: pause
European Central Bank46/100
Deposit 2.00% / refi 2.15%46/100
Euro area · Neutral signal
Bank of Japan14/100
Around 1.00%14/100
Japan · Hike risk
What this means for altcoins
Macro neutre: assez de signals pour monitor les setups, pas assez pour passer en mode risk-on agressif.
Interpretation rule, not a backtest: below 35/100, the model labels broad rotations as fragile. From 35 to 55, breadth must confirm. Above 60, the regime becomes more supportive.
Bull case+20 pts
DXY breaks lower, US10Y cools down and BTC dominance rolls over.
Base caseCurrent score
Macro is still restrictive: favor confirmed catalysts and liquid coins.
Bear case<20
Dollar or yields re-accelerate: small caps and long-duration narratives stay vulnerable.
Alerts to create
- DXY moves back above its short moving average
- US10Y rises more than 20 bps
- Macro score changes by more than 10 points
Macro rates
Updated 9 Sept 2026, 08:50Rate-cut expectations and their impact on altcoins.
This page turns Fed, ECB, BoJ, dollar, US yield and liquidity signals into a readable score for altcoin risk appetite.
Macro risk-on / risk-off29/100
Risk-offNeutralRisk-on
Macro neutre: assez de signals pour monitor les setups, pas assez pour passer en mode risk-on agressif.
Detailed chart
Dollar index DXY
Latest value98.7
Value98.68Sep 09, 2026
Start92.5Last point9 sept. 2026Period change+6.70%Macro score45/100
X-axis = observation datesY-axis = DXY, dollar indexUnit = index
The DXY measures the dollar against major currencies. A falling DXY often improves appetite for risk assets, but the signal needs confirmation from US yields.
Source: Source unavailableData integrity
Multi-central-bank history awaits verified sources
Fed, ECB and BoJ curves are not reconstructed. Values shown in the cards are editorial reference points and should be confirmed with the official central-bank source before any decision.
DXY, US10Y, M2FRED/Yahoo data when availableFed, ECB, BoJEditorial reference, official source linkedOverall statusPartial-data mode
Federal Reserve28/100
United States
Current rate3.50% - 3.75%
Next meeting28-29 July 2026
Reference rate: June 17, 2026 decision
At its June 17, 2026 decision, the Fed kept its target range at 3.50%-3.75%. Markets are now watching inflation, jobs, the dollar and yields ahead of the July meeting.
This is the most important macro signal for altcoins. A hawkish Fed pressures small caps. A dovish Fed can reopen risk-on rotation.
Base case: pauseOfficial rate source: Federal Reserve / CME FedWatchOfficial meeting calendarEuropean Central Bank46/100
Euro area
Current rateDeposit 2.00% / refi 2.15%
Next meeting22-23 July 2026
Reference rate: June 11, 2026 decision
At its June 11, 2026 decision, the ECB kept its key rates unchanged. The next monetary-policy read is scheduled for July 22-23.
Indirect impact through the euro, liquidity and risk appetite. Less powerful than the Fed, but useful for the global backdrop.
Neutral signalOfficial rate source: European Central BankOfficial meeting calendarBank of Japan14/100
Japan
Current rateAround 1.00%
Next meeting30-31 July 2026
Reference rate: June 16, 2026 decision
The BoJ raised its policy rate toward 1.00% in June 2026. The market is now watching the yen, the carry trade and the next decision window in July.
A more hawkish BoJ can reduce the carry trade and weigh on risk assets. The yen is a liquidity signal to watch.
Hike riskOfficial rate source: Bank of JapanOfficial meeting calendar