Currency strength, explained through fundamental research.

How the fundamental currency score is calculated

FX Fundamental Desk combines three available factor scores with these default weights:

Macro: 50% · News: 25% · Rate cycle: 25%

Each contribution is the factor score multiplied by its effective weight. The contributions are added and the result is rounded to a whole number. At least two inputs must be available. If an input is missing, it is excluded and the remaining weights are rescaled to total 100%.

This matters when you compare currencies. A missing rate-cycle value is unavailable, rather than a neutral zero. Check both the score and its coverage. The homepage's expandable score details show the weights and contributions using the published snapshot.

COT, seasonality and risk context are separate pieces of research. Do not assume every row is an input into fundamental bias, or add all the rows together. Macro and news information can appear in more than one view.

Inspect the actual factor contributions → · View the dated fundamental ranking →

From currency strength to a strong-vs-weak pair comparison

A forex pair expresses one currency against another. In the Desk, the fundamental pair bias is half the difference between the base and quote fundamental scores:

Pair bias = (base currency bias − quote currency bias) / 2

A positive result favours the base currency within this model; a negative result favours the quote. The division keeps the pair measure on the same −100 to +100 scale. Comparing two scores is meaningful only when you understand their methodology, coverage and dates.

The factor checklist adds agreement and disagreement across the pair. Because fundamental bias already includes macro and news, these are overlapping observations. Seven supportive rows do not mean seven independent confirmations, and a confidence label is not a probability of profit.

Read the pair confluence methodology →

A practical currency strength research checklist

1. Choose the measure. Use the fundamental ranking for a macro comparison and the combined ranking when you want the selected model's broader view. Keep those labels visible.
2. Read the drivers. Open the factor contributions and look for the inputs doing most of the work. Note contradictory factors rather than hiding them behind an aggregate.
3. Check the dates. The platform's publication timestamp can differ from the date of an economic release, headline or COT report. A current page does not make every input current.
4. Review the pair. Compare both currencies and the available factors. Missing data should reduce the evidence you rely on.
5. Check the next event. Use the published economic calendar to identify releases or central bank events that could change the research inputs.
6. Write a reassessment condition. Describe what new evidence would weaken your view. Currency research does not determine an entry, stop or position size for you.

Learn about data quality, history and invalidation →

Currency strength questions

See the factors behind the currency view

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