WatchTower

Your new terminal for

48 bank desks published this morning. You saw none of it. WatchTower reads every report as it lands, rescores the board as each figure prints, and publishes every weight behind the number so you can argue with it rather than trust it.

  • 14 days of Pro, no card
  • Free forever after, no card
  • 1,000+ traders inside
  1. 48 desks read
  2. 44 markets positioned
  3. 8 central banks priced
  4. 103 widgets
  5. 24 assets scored

Three people read the same market this morning.

One had a desk, a research budget and a team. One had a chart and a search engine. The third had everything the first had, for the price of a chart package.

2 hrsevery morning, by hand

A retail trader

  • A charting platform
  • Google, and whatever it returns
  • A forum, and someone's screenshot

Assembled by hand, every morning, if at all.

$31,980a year, per seat

An institution

  • Offices in every major centre
  • Teams of analysts on every desk
  • Sell-side research, priced in
  • $31,980 a year per seat, on data alone

The right way to do it. Assembled by people.

$49a month

WatchTower

  • Research from 48 institutions
  • Positioning across 44 markets
  • Rate paths for 8 central banks
  • Charts, calendar and the data behind them
  • $49 a month, or nothing at all

The same information. Assembled by software.

The information is not the edge. Having it read, scored and moving in front of you the moment it changes is.

A screenshot of the real terminal. Not a mock-up, not a concept, and nothing in it was drawn for this page.

9 currencies: USD, EUR, GBP, JPY, CHF, AUD, CAD, NZD and MXN. 6 metals and energy: gold, silver, platinum, palladium, copper and WTI. 9 equity indices: S&P 500, Nasdaq 100, Dow, DAX, FTSE, CAC, Euro Stoxx, IBEX and Nikkei. Positioning across 44 markets, and a research roster of 48 institutions including ING, MUFG, UniCredit, Westpac, Danske Bank, Crédit Agricole CIB, SEB, Scotiabank and others.

Swipe the board to explore it

The WatchTower Overview board showing the daily macro brief, a currency pair heatmap of composite scores, the currency strength index, a conviction check on open positions and the economic calendar

Eight feeds. One screen.

Everything below arrives on its own schedule, from its own source, in its own format. The terminal reads all of it and puts it on one board.

  • Bank research
  • Live price data
  • Central banks
  • Seasonality
  • Positioning
  • Geopolitics
  • Live news
  • Economic calendar
Two monitors running WatchTower Terminal

The inputs that move the market, and where to find them.

Not a tidier version of what you already look at. Bank research you cannot subscribe to, positioning most traders never read, and what the curve has actually priced. One place, rescored as the data prints rather than once a day.

Every number, with the weighting printed.

Most tools hand you a signal and ask you to trust it. The weighting the engine runs on is on a public page, because a score you cannot audit is a score you should not size a position on. 24 assets, one scale, and the components behind each one visible on the panel.

See how the score is built
The scoring panel with a composite score broken into its weighted components, each driver and its contribution printed alongside

Every desk call, pulled out of the PDF.

Reading 30 reports tells you 30 things. The value is in what they agree on and where one desk has quietly broken from the rest. Each report is reduced to its thesis, direction, conviction, target and horizon, then stacked against every other desk covering the same market, with the original one click away.

Read this week's consensus
The research inbox with a bank report open, reduced to its thesis, direction, conviction, target and horizon, stacked against other desks covering the same market

What the curve has actually priced.

Macro does not move on a five minute candle. It moves when the priced rate path shifts and the data stops matching the story. The priced path for 8 central banks, the probability at the next meeting, and the guidance that produced it.

See the priced path
The central bank board showing the market implied rate path, the probability at the next meeting and the guidance behind it

Find out you are late before the market tells you.

A trade everyone is already in has a different risk profile from the same trade nobody has noticed. Institutional positioning across 44 markets, where it sits against its own history, and what changed this week.

See where the book is
The positioning board showing institutional net exposure across markets, where each sits against its own history, and the week-on-week change

No two traders need the same screen.

Which is why there are 103 widgets rather than one dashboard somebody else designed. Drag them where you want them, size them how you like, and the board stays yours. Free gives you 2 to build; Pro lifts the limit and opens the rest.

See what you can build
My Terminal with the widget picker open and widgets being dragged onto a custom board

The terminal tells you. You do not have to be watching.

Score flips, data as it prints, breaking news, new bank research and every report, sent to your phone the moment they happen. Written by the terminal itself, so nothing is late and nothing is missed.

  • No account and no card. Join and read.
  • Quiet when the market is quiet. Nothing padded out to fill a feed.
  • Every alert links straight to the read behind it.
A phone showing the WatchTower Terminal Telegram channel, with alerts for a EUR retail sales miss, a GBP score flip and newly uploaded bank research, each with a button opening the terminal

Some of this is expensive. Some of it is not for sale.

Assembled separately, the same inputs are either expensive or not sold to a private trader at any price.

  • ~$2,000

    a month for a data terminal of this class

  • Not sold

    direct sell-side research access, at retail, at any price

  • ~$100

    a month for a squawk or newswire service

  • 1 to 2 hrs

    a day reading and cross-checking it yourself

Reviewed where I cannot edit them.

Every review sits on Trustpilot rather than on this page, so nobody has to take my word for which ones I chose to show, or for the ones I did not.

Read them on Trustpilot

WatchTower is global.

Traders running the same macro read from different time zones, on desks, laptops and phones.

  • A WatchTower member using the terminal
  • A WatchTower member using the terminal
  • A WatchTower member using the terminal
  • A WatchTower member using the terminal
  • A WatchTower member using the terminal
  • A WatchTower member using the terminal
  • A WatchTower member using the terminal
  • A WatchTower member using the terminal
  • A WatchTower member using the terminal
  • A WatchTower member using the terminal

Get your photo featured. Post yours and tag@wtterminalor@jameslne777

Free does not expire. There is no card.

1,000+ traders are already inside, and 2 boards cost nothing to try.

Not a trial, not a teaser, and not something that stops working in fourteen days. Free is 2 boards you build yourself from 32 of the 103 widgets. Pro lifts the board limit and opens the rest.

2 months free on annual

Free

$0forever

No card required. No expiry. Every new account opens with 14 days of Pro.

  • A morning read in 2 boards you build yourself, from 32 of the 103 widgets
  • Where every market we track sits today, 0 to 100, and which drivers put it there
  • What the market prices at the next meeting for all 8 central banks
  • Where the CFTC speculators are positioned, and whether the tape is risk-on
  • Headlines cross-checked across wires before they reach you, and the daily brief
  • The chart, your portfolio and the Squawk room, free forever with no card
Create free account

Pro Most popular

$40.8349a month

Billed annually at $490, which is 2 months free. Billed monthly. Switch to annual whenever you like and 2 months come off. Cancel any time and your account returns to free.

  • What 48 desks published. Each report reduced to its call, its level, its stop and the thesis behind it
  • Why a market scores what it does. Both legs of a pair, every driver, and what the statement changed since the last meeting
  • Your own boards. Build and save as many as you like from all 103 widgets, not the 32 free ones
  • Where the crowd is wrong-footed. Retail positioning against the CFTC specs, across 44 markets
  • A written read on any pair, plus the weekly and session reports and the full article bodies on the wire
  • Told before you look. Alerts on score flips, data prints and running geopolitical situations
Get Pro

Prices in USD. Cancelling Pro returns you to the free tier rather than locking you out.

The things worth asking first.

Is this for me

Is this worth it if I already use TradingView?

They do different jobs and most members run both. TradingView is charting: it tells you what price has done and gives you levels to work with. It cannot tell you what 48 research desks published this morning, where positioning is stretched, or what the rate path is pricing. WatchTower is the macro layer underneath a chart, not a replacement for one.

How is this different from a signals service?

A signals service tells you what to trade and asks you to trust it. This never gives an entry, a stop or a position size, and the weights behind every score are printed on a public page so you can disagree with the method before you rely on a number it produced. It is research you audit, not calls you follow.

Do I need to trade full time to get value from it?

No. The free tier is built around a morning read: the daily brief and 2 boards that are already assembled, so a part-time trader gets the macro picture in a few minutes rather than an hour of tabs. Pro is for people who want to build their own boards around it.

What it actually is

What is WatchTower Terminal?

A macro and FX intelligence terminal for independent traders. Every morning it reads what the sell-side desks published overnight, checks where the CFTC speculators are positioned, what the market prices for the next central bank meeting and which data surprised, then scores 24 markets from 0 to 100 and shows you every weight behind the number. G10 FX, metals and the global indices, in one place, before the London open.

Is WatchTower a Bloomberg Terminal alternative?

For macro and FX research, largely yes, and at a fraction of the cost. It does not replace a Bloomberg Terminal for execution, fixed income analytics or equity fundamentals. It covers the macro read a discretionary FX or index trader actually uses, for $49 a month.

Cost and commitment

What does the free account include?

2 complete boards, free forever with no card, drawing on 32 of the 103 widgets. That covers the composite scores and their drivers, COT positioning, the economic calendar, central bank tracking and rate expectations, the macro matrix, the daily brief, the wire headlines, charts, your portfolio and the Squawk members room.

What does Pro add?

The board builder, which is the main one: building and saving your own boards from all 103 widgets rather than the 32 the free boards use. Pro also adds the research inbox, the weekly and session reports, the extracted bank calls with their levels, the article bodies and AI reads on the wire, seasonality and the situation monitor. The wire headlines and the daily brief stay free.

How is the composite score calculated?

On published weights. For currencies and metals: fundamentals 22.5%, central bank 18%, bank research 18%, seasonality 13.5%, retail sentiment 10% read contrarian, COT level 9% and COT flow 9%. Equity indices use a different set that includes a weighted earnings beat rate. A score of 56 or more reads bullish, below 45 reads bearish, and the band between is neutral.

What happens when my 14 days of Pro end?

Your account carries on, free, with no card involved at any point. The boards you built stay exactly as they are and 32 of the 103 widgets keep working, including the scores, the calendar, the wire headlines and the chart. The bank research, the drilldowns and the written reports grey out on your boards rather than disappearing, and a free account cannot add new workspaces or tabs. Subscribing turns all of it back on with the boards where you left them.

Is this financial advice?

No. WatchTower describes data and surfaces the macro read. It never gives an entry, a stop or a position size. Those decisions stay entirely yours.

Can I cancel at any time?

Yes. Pro is month to month and cancels from the account page. The free tier continues afterwards, so cancelling returns you to the free boards rather than locking you out.