Cross-Asset Macro Panel — Risk On / Risk Off Dashboard (2026)

SystemTrader's free single-screen macro tape. 15 instruments across currencies, Treasury yields, metals, energy, and crypto, plus four featured ratios (Gold/Copper, USD/JPY, DXY, 10Y yield) for risk-on / risk-off context. Update cadence: daily after market close.

As of 2026-05-01

Daily Change Heatmap

1-day return for every instrument, color-coded. Green = up, red = down. Intensity scales with magnitude.

$DXY

-0.93%

US Dollar Index

UUP

-0.91%

Dollar Bull ETF

USDJPY

+0.09%

USD / JPY

EURUSD

+0.53%

EUR / USD

$TNX

-0.63%

10Y Treasury Yield (%)

$TYX

+0.00%

30Y Treasury Yield (%)

GLD

+1.50%

Gold (GLD)

SLV

+2.81%

Silver (SLV)

COPX

+2.56%

Copper Miners (COPX)

CPER

+1.53%

Copper (CPER)

USO

-2.35%

Crude Oil (USO)

UNG

+4.43%

Natural Gas (UNG)

IBIT

+1.33%

Bitcoin (IBIT)

BITO

+1.45%

BTC Futures (BITO)

GBTC

+1.30%

Grayscale BTC

Featured Ratios

Gold / Copper

5.3144

GLD vs COPX — classic risk-on/off via metals

1d -1.04%1m -5.71%

USD / JPY

156.5830

Yen carry trade health and global liquidity

1d +0.09%1m -1.89%

Dollar Index

98.0300

$DXY — global dollar strength / liquidity

1d -0.93%1m -1.55%

10Y Yield

4.3900

$TNX/10 — duration risk and growth signal

1d -0.63%1m +1.83%

Currencies

$DXY

US Dollar Index

98.03

-0.93%

DOWN20dDOWN50dDOWN200d

1w -0.8%1m -1.6%YTD -0.3%

UUP

Dollar Bull ETF

27.36

-0.91%

FLAT20dDOWN50dDOWN200d

1w -0.6%1m -1.5%YTD +1.2%

USDJPY

USD / JPY

156.583

+0.09%

DOWN20dDOWN50dUP200d

1w -1.8%1m -1.9%YTD -0.1%

EURUSD

EUR / USD

1.1738

+0.53%

FLAT20dUP50dUP200d

1w +0.5%1m +1.3%YTD -0.1%

Treasury Yields

$TNX

10Y Treasury Yield (%)

4.39

-0.63%

UP20dUP50dUP200d

1w +1.6%1m +1.8%YTD +5.5%

$TYX

30Y Treasury Yield (%)

4.987

+0.00%

UP20dUP50dUP200d

1w +1.4%1m +2.0%YTD +3.0%

Metals

GLD

Gold (GLD)

423.66

+1.50%

DOWN20dDOWN50dUP200d

1w -1.7%1m -1.6%YTD +6.9%

SLV

Silver (SLV)

66.66

+2.81%

DOWN20dDOWN50dUP200d

1w -2.5%1m -2.2%YTD +3.5%

COPX

Copper Miners (COPX)

79.72

+2.56%

DOWN20dDOWN50dUP200d

1w -3.3%1m +4.4%YTD +11.1%

CPER

Copper (CPER)

36.52

+1.53%

UP20dUP50dUP200d

1w -1.2%1m +6.1%YTD +4.5%

Energy

USO

Crude Oil (USO)

147.09

-2.35%

UP20dUP50dUP200d

1w +9.2%1m +15.6%YTD +112.7%

UNG

Natural Gas (UNG)

10.6

+4.43%

DOWN20dDOWN50dDOWN200d

1w +0.8%1m -9.6%YTD -13.5%

Crypto

IBIT

Bitcoin (IBIT)

43.32

+1.33%

UP20dUP50dDOWN200d

1w -1.7%1m +12.8%YTD -12.8%

BITO

BTC Futures (BITO)

10.48

+1.45%

UP20dUP50dDOWN200d

1w -1.9%1m +12.6%YTD -13.8%

GBTC

Grayscale BTC

59.44

+1.30%

UP20dUP50dDOWN200d

1w -1.7%1m +12.7%YTD -13.1%

How Cross-Asset Macro Panel Works

1
Pull daily prices for 15 cross-asset instruments
Each trading day after the close, we fetch closing prices for the Dollar Index ($DXY), USD/JPY, EUR/USD, UUP, 10Y and 30Y Treasury yields ($TNX, $TYX), gold (GLD), silver (SLV), copper (COPX, CPER), crude oil (USO), natural gas (UNG), and three Bitcoin proxies (IBIT, BITO, GBTC) directly from the TradeStation market-data API.
2
Compute returns, trends, and four featured ratios
Per-instrument: 1-day, 1-week, 1-month, 3-month, and YTD returns. Trend status vs the 20-day, 50-day, and 200-day moving averages (UP / DOWN / FLAT). Four featured ratios — Gold/Copper, USD/JPY, DXY, 10Y yield — with 252-day sparklines.
3
Render as a scannable single-screen panel
Daily-change heatmap up top (color-coded by % move), featured ratios row, then per-category instrument cards (currencies, yields, metals, energy, crypto). Designed for a 15-second macro read before each trading session.

Who Uses Cross-Asset Macro Panel

Day Traders

Get a 15-second macro read before the open. Is the dollar bid? Are yields up? Is gold spiking? The cross-asset tape often confirms or contradicts the equity narrative.

Cross-Asset Traders

Spot regime shifts the moment they happen. When USD/JPY breaks down hard, when copper rolls over, when crude diverges from gold — these are tradeable cross-asset events.

ETF Rotators

See which asset class is leading. Rotate sector and factor ETFs based on the broader macro tape: rising yields favor banks and shorts of long-duration tech; falling DXY supports EM and commodities.

Long-Term Investors

Weekly macro snapshot for portfolio allocation decisions. Use trend alignment (20/50/200d) to separate noise from regime change.

Pro Tips

Gold/Copper rising = growth fear

Gold is a safe-haven; copper is the canonical growth metal. When the ratio rises, investors are buying defense and selling growth. Falling ratio = risk-on, growth-leaning.

USD/JPY falling fast = carry trade unwinding

The yen carry trade is one of the largest funding sources in global markets. When USD/JPY drops sharply (e.g., -2% in a session), expect spillover risk-off in equities and EMs.

DXY breakouts tighten global liquidity

A breakout to new highs in DXY tightens financial conditions for every non-dollar borrower. Watch for outsized moves in EMB (EM bonds) and EM equity ETFs as confirmation.

10Y up + Stocks down = duration repricing

When 10Y yields rise sharply and stocks fall together, it's a duration shock — the discount rate is rising. Long-duration tech (and TLT itself) takes the brunt of these moves.

Crude up + Gold up = stagflation worry

Both rising together is unusual. It typically signals investors are pricing higher inflation AND lower growth simultaneously — a classic 1970s-style stagflation setup.

BTC + crude divergence flags risk decoupling

When Bitcoin sells off but crude rallies, traders are differentiating between speculative risk (BTC) and real-economy risk (crude). The narrative matters: read the news cycle alongside the prices.

Look for trend alignment across 20/50/200d

A single timeframe trend (e.g., 20d UP) can be noise. Alignment across all three (UP/UP/UP) is the strongest signal a true trend is in place. Misalignment = mixed regime.

EUR/USD and DXY are inversely correlated

EUR/USD makes up ~57% of the DXY basket. They almost always move in opposite directions. When they move the same way, suspect a data-quality issue or a major regime shift in the basket weights.

Common Issues & Solutions

Why are some yields shown as 4.39 and others as 43.9?▾

TradeStation publishes Treasury yields as ×10 (so 4.39% comes through as 43.9). Our backend divides by 10 before display, so the page shows the actual yield in percent (4.39%). All return calculations are scale-invariant so the percentages are correct either way.

IBIT history is shorter than other instruments▾

IBIT (the iShares spot Bitcoin ETF) only launched in January 2024. Its sparkline shows the available history. BITO (BTC futures, launched 2021) has more history; GBTC (Grayscale, since 2015) has the longest BTC-related history.

USO YTD return looks unusually high▾

This is a known data issue: the historical USO CSV may pre-date a corporate action (the 2020 1-for-8 reverse split). The percent change figure is computed from the raw CSV close prices and may be inflated. We're aware and will normalize. The trend direction is still useful; the absolute return number is not.

Some instruments show different "as of" dates▾

Different exchanges publish closing data at different cadences. Index symbols ($DXY, $TNX) typically settle a few minutes after the equity close; ETF closes are immediate. Our 1pm PT cron pulls all of them, but a few may not have today's bar yet on first refresh. Tomorrow's run aligns them.

SystemTrader vs TradingView

Feature	SystemTrader	TradingView
Cost	Free	$15–$60/month
Pre-built cross-asset panel	15 instruments + 4 featured ratios on one page	Build your own watchlist
Risk-on/off ratios	Gold/Copper, USD/JPY, DXY, 10Y pre-computed	Manual ratio computation
Trend badges (20/50/200d SMA)	Per-instrument auto-classified	Visual chart inspection
Mobile responsive	Yes, no app required	Mobile app available
Account required	No	Yes for full features

Frequently Asked Questions

What is the DXY (Dollar Index)?▾

DXY is a weighted index of the US dollar against six major currencies: euro (~57%), Japanese yen (~14%), British pound (~12%), Canadian dollar (~9%), Swedish krona (~4%), and Swiss franc (~4%). When DXY rises, the dollar is strengthening against this basket. When it falls, the dollar is weakening.

What does the Gold/Copper ratio signal?▾

Gold is a safe-haven, low-growth asset; copper is the bellwether industrial metal. When the Gold/Copper ratio rises, investors are favoring defense over growth — typically a risk-off signal. When the ratio falls, investors are leaning into growth — typically risk-on. Sustained rises in this ratio have historically preceded equity drawdowns.

Why does USD/JPY matter for stock traders?▾

USD/JPY is a proxy for global liquidity and the yen carry trade. The Japanese yen has historically been the world's primary funding currency due to ultra-low rates. When USD/JPY falls sharply, it usually means traders are unwinding leveraged positions, which spills into equities, EMs, and crypto. The August 2024 yen carry unwind crashed Nikkei -12% in a day.

What does the 10Y Treasury yield tell me?▾

The 10-year Treasury yield ($TNX) reflects long-term growth and inflation expectations. Rising yields = market expects higher growth/inflation, which is bearish for long-duration assets (long-bond funds, growth tech). Falling yields = market expects slower growth or recession.

What is the difference between BITO and IBIT?▾

BITO (ProShares Bitcoin Strategy) holds Bitcoin futures contracts; it has tracking error vs spot and "rolls" futures monthly. IBIT (iShares Bitcoin Trust) holds actual spot Bitcoin and tracks BTC much more closely. Since IBIT launched in January 2024, it has become the dominant ETF vehicle for Bitcoin exposure. GBTC is the older Grayscale trust which traded at a discount/premium for years.

Why is COPX listed as copper when it's a miners ETF?▾

COPX (Global X Copper Miners ETF) is the most widely traded ETF that's exposed to copper price moves through miner equities. Pure copper-price ETFs like CPER (which holds futures) exist and we include CPER too. Miners typically move with higher beta than the underlying metal and are more sensitive to risk-on/risk-off flows.

What is the carry trade?▾

A carry trade is borrowing in a low-interest-rate currency (historically the Japanese yen) and investing in higher-yielding assets elsewhere (US Treasuries, EM bonds, equities). It's profitable as long as the funding currency stays weak. When the funding currency strengthens — like USD/JPY falling — leveraged traders are forced to unwind, often violently.

How is the trend (UP/DOWN/FLAT) computed?▾

For each instrument, we compare the most recent close to the 20-day, 50-day, and 200-day simple moving average. UP if the close is more than 0.5% above the SMA. DOWN if more than 0.5% below. FLAT if within ±0.5%. Alignment across all three timeframes (UP/UP/UP or DOWN/DOWN/DOWN) is the strongest trend signal.

Why are yields divided by 10 on this page?▾

TradeStation's market-data feed publishes Treasury yields as ×10 — so a 4.39% 10Y yield comes through as 43.9. We divide by 10 in our backend so the page shows the actual yield (4.39%). This is a TradeStation-specific convention and we handle it transparently.

Why include crypto in a macro panel?▾

Bitcoin has become a large enough asset class to function as a risk-on/off barometer alongside traditional macro. Its correlation with growth tech and EM equities has been meaningful since 2020. Including BTC alongside currencies, yields, metals, and crude gives a more complete read on global risk appetite than a panel that ignores it.

What's the difference between Treasury yields ($TNX) and Treasury bond ETFs (TLT, IEF, SHY)?▾

Yields move opposite to bond prices. Rising yields → falling TLT/IEF/SHY prices (bigger drop the longer the duration). $TNX is the 10Y yield index; TLT holds 20+ year Treasury bonds; IEF holds 7-10 year; SHY holds 1-3 year. Watch yields for the macro signal; watch the ETFs for the price action and tradeable instruments.

How often does the data update?▾

All instruments are refreshed daily after market close (around 1 PM PT / 4 PM ET) directly from the TradeStation market-data API. The macro JSON is regenerated within minutes after the fetch completes. The page reflects the most recent close.

What's a "risk-on" asset?▾

Risk-on assets benefit when investors are optimistic about growth and willing to take risk. Examples on this page: copper (COPX/CPER), crude oil (USO), USD/JPY (rising), Bitcoin (IBIT/BITO/GBTC), and a falling DXY. These instruments tend to rally during risk-on regimes.

What's a "risk-off" asset?▾

Risk-off assets are safe-havens that benefit when investors are de-risking. Examples on this page: gold (GLD), silver (SLV), TLT (long Treasuries — falling yields), and a rising DXY. These instruments tend to rally during risk-off regimes.

Can I trade these signals directly?▾

The instruments shown are tradeable: ETFs, futures-based ETFs, and forex pairs. We don't publish entry/exit signals on this page — it's a context dashboard, not a strategy. Use the macro read to inform your other trading decisions or pair it with our systematic strategies (Gemini, Mars, Vega, etc.).

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Last updated: 2026-04-30