WatchTower

Features

98 widgets. 15 categories. All of them named below.

Most tools describe their features. This page names every panel in the terminal and says what it does, because a list you can check is worth more than a page of adjectives.

98
Widgets in the library
15
Categories
55
Free, no card
24
Markets scored
48
Institutions read

The tracked universe

Named in full, so you can check it against what you trade.

9

Currencies

USD, EUR, GBP, JPY, CHF, AUD, CAD, NZD, MXN

6

Metals and energy

Gold, silver, platinum, palladium, copper, WTI

9

Equity indices

S&P 500, Nasdaq 100, Dow, DAX, FTSE, CAC, Euro Stoxx, IBEX, Nikkei

8

Central banks

Fed, ECB, BoE, BoJ, SNB, RBA, BoC, RBNZ

Scores and bias

One number per market, and the whole derivation.

Every market carries a composite score from 0 to 100 on published weights. 56 and above reads bullish, below 45 reads bearish, and the band between the two is neutral. The scale reads the same way on all 24 assets.

The score opens into its components, each readable on its own, with the written narrative and the history of how it has moved. The pair heatmap scores every G10 pairing against every other in one grid, and the conviction check reads your open positions against it and says plainly when you are positioned against your own analysis.

The WatchTower scoring board showing composite scores with each driver broken out and score history over time
The WatchTower research inbox with extracted bank calls showing each desk direction, conviction and price target

Bank research

48 institutions, read and made comparable.

The original reports are indexed by institution and date and stay readable inline, so nothing is summarised away. On top of them, each report is reduced to its thesis, direction, conviction, price target and horizon.

That is what makes them comparable. You get the consensus across desks, the outliers, and which houses have quietly shifted this week. A 100% bullish consensus is a different signal from a 6 to 5 split, and the terminal shows you which one you are looking at.

Central banks and rates

The path the market is pricing, not the one already announced.

8 central banks tracked on stance, policy rate, real rate and distance from neutral. The market implied path reprices as futures move rather than waking up on meeting day, so you get the next implied rate and the terminal rate as they change.

The rate differential matrix compares every bank against every other and calls out the widest spreads, which is where a carry or differential trade starts. Treasury yields, the curve and real yields sit alongside as part of Pro.

Central bank rate expectations showing the market implied path, next implied rate and terminal rate across banks
My Terminal in edit mode with the widget picker open and widgets being arranged on a custom board

The workspace

Arrange all 98 of them however you work.

The 12 WatchTower boards are how I read the market. My Terminal is how you read it: an empty grid and the full library. Drag in what you use, size it, name the tabs, save as many workspaces as you need.

It follows you across devices and stays as you left it. Board lock freezes a layout you are happy with, and a full hotkey system moves you around without reaching for the mouse.

Macro data

Every release, against what was expected.

The macro matrix puts every print against consensus and previous with the surprise measured, across inflation, labour, growth, PMIs and consumer. 24 months of history sits behind each one.

A miss shows as a break in trend rather than a single red number, which is usually where a macro thesis starts to fail and the part most traders find out about last.

The macro matrix showing every economic release against consensus and previous with the surprise measured
Seasonality showing historical tendency by month with the forward path and distribution

Seasonality

What this market usually does at this point in the year.

Historical tendency by month and by week, with the forward path drawn out, so a seasonal skew is visible as a distribution rather than an average. It carries a defined share of the composite score.

Useful mainly as a tiebreaker: a setup that agrees with a strong seasonal is a different proposition from one fighting it.

News and geopolitics

Headlines that have been checked before they reach you.

The WT Wire cross-checks each headline across sources and tiers it as confirmed, official or developing, so a market-moving event reads differently from an unverified rumour at a glance.

The situation monitor tracks running geopolitical events as situations rather than a stream of disconnected headlines, which is the difference between knowing a shipping lane is closed and reading 40 separate updates about it. Both are part of Pro.

The WT Wire showing headlines tiered as confirmed, official or developing alongside the geopolitical situation monitor
The WT advanced chart with composite score, positioning and seasonal overlays drawn over price

Charting

The terminal’s own data, drawn on the chart.

A full charting suite with the score, positioning and seasonal overlays laid over price, plus the statistics that frame a move: ATR, realised volatility over several windows, and returns across horizons.

The point is not another chart. It is being able to see the composite score and the positioning extreme on the same axis as the price that is supposed to reflect them.

The widget library

All 98 of them, by name.

55 are reachable on a free account through the 12 pre-built boards. The rest need Pro, either because the widget is a Pro feature or because reaching it means building your own board.

Scores and bias

10 widgets 8 free

  • Asset score history

    Free

    Composite score trajectory across the recorded history for the assets you select, with the net change over the chosen window. Shows where a bias has been drifting rather than where price has been.

  • Asset scores

    Free

    Every monitored asset with its composite score and bias, from a quick scan down to a table that opens every driver behind each score side by side, with the seasonal window and the move since the last run.

  • Capital rotation map

    Free

    A Relative Rotation Graph: each asset plotted by relative strength across the horizontal and the momentum of that strength up the vertical, with a tail tracing its path through the Leading, Weakening, Lagging.

  • Conviction ranks

    Free

    Currencies ranked by how far the composite sits from neutral, in either direction. A high reading means the engine holds a side with confidence; it says nothing about how far the market will travel.

  • Currency anatomy

    Pro

    Driver anatomy for one currency: the live scored drivers (rates, fundamentals, bank research, positioning, seasonality, risk flow) shown as tailwind/headwind spokes around the currency, plus a curated.

  • Currency snapshot card

    Free

    One currency at a glance: its composite score and bias, the contribution of each driver behind it, central bank stance and COT positioning.

  • Driver matrix

    Free

    Every driver against every currency in one grid: fundamentals, bank research desk by desk, positioning, central bank and seasonality, with the composite pinned on top.

  • Research desk

    Free

    One asset read end to end: what the composite is made of, what the research desk has written on it, and the central bank that sets its rate. Currencies, metals and indices; a cross is what Pair focus is for.

  • Score-shift log

    Free

    What has moved and by how much, in change-log form, ranked by the size of the shift and measured in scoring runs rather than days.

  • Weekly score movers

    Pro

    The currencies whose composite score moved most over the past week, ranked by the size of that move. Score movement, not price movement: a currency can top this list on a week when its price barely moved.

Currency fundamentals

5 widgets 5 free

  • Asset releases

    Free

    Every scored release for one asset in one table: what it printed, what was expected, what it was before, and the engine's read on each. A row opens to two years of history.

  • Fundamentals compare

    Free

    Compare the full macro fundamentals of currencies side by side: every tracked indicator (CPI, PPI, Services & Manufacturing PMI, GDP, unemployment, retail sales, trade balance and more) plus seasonality, the.

  • Macro fundamentals

    Free

    The fundamentals score for each currency. Bar style breaks each currency into its per-category contributions; heatmap style puts one row per indicator, colour-coded across every currency.

  • Macro indicator history

    Free

    Any currency and indicator through time, as bars or a line. 24 months by default, with forecast dots overlaid on the actuals. Hover a point for the surprise against consensus.

  • Surprise index

    Free

    How each currency's recent data has landed against consensus, weighted by the importance of each release and how recently it printed.

Positioning

13 widgets 10 free

  • COT correlation matrix

    Pro

    26-week rolling correlation between COT positioning changes across currencies. Identifies which currencies are moving together (high positive correlation = doubling up on the same trade) and which are.

  • COT extremes

    Free

    Currencies sitting at the extremes of their own COT percentile range, with net contracts, the weekly change and the reading behind each. Adjust the severity threshold to widen or narrow the filter.

  • COT positioning

    Free

    Commitment of Traders positioning across selected assets: where speculative positioning sits against its own history, the long and short split behind it, and how crowded each side has become.

  • COT positioning chart

    Free

    Commitment of Traders positioning over time. Chart one metric for a single asset, or compare several assets at the latest week or across their history. Weekly data, published Friday for the preceding Tuesday.

  • COT table

    Free

    Weekly Commitment of Traders data for one currency, week by week: positioning, the change on each week, and the weeks where net positioning flipped from one side to the other. Choose how far back to read.

  • COT week-on-week change

    Free

    The change in net positioning against the prior week, ranked by the size of the shift. Shows where speculators added or cut most recently, which is a record of what they have already done rather than a signal.

  • Pair COT compare

    Pro

    Base vs quote COT positioning side by side: net position, 52w percentile, and long/short split for both legs of a pair.

  • Retail currency breakdown

    Pro

    For one currency, shows where its aggregate retail lean comes from, broken down across every retail pair that touches it.

  • Retail extremes

    Free

    Assets where the retail crowd is most one-sided, ranked as contrarian fade candidates. Ranked list, centred bars or crowd-pressure meters.

  • Retail pair detail

    Free

    The full retail crowd read for a single pair: the long and short split, the crowd's average entry price on each side, and how far price now sits from them. Full detail or split only.

  • Retail positioning

    Free

    Retail crowd long and short positioning across selected assets, as rows, donuts, ranked bars, columns, a heatmap or a table.

  • Retail positioning history

    Free

    Daily retail crowd positioning tracked over time. Plot the net lean (long% minus short%), crowd long%, or open interest, as a trajectory, a long and short split, the change over the window, or a table.

  • Retail vs smart money

    Free

    The retail crowd set against speculators for each asset: one is read contrarian, the other as positioning by those who hedge and speculate at size. Agreement between them is a crowded trade on both sides;

Bank research

8 widgets 3 free

  • Bank consensus snapshot

    Free

    Top assets ranked by institutional consensus: bull%, bear%, coverage, and high-conviction calls.

  • Bank forecasts

    Pro

    Institutional price projections for one asset: banks down the left with a column per quarter, the price chart on the right. Click a bank to plot its forecast path.

  • Bank trades

    Pro

    Every open trade setup the banks have published: direction, entry, target and stop, with the reward ratio worked out. Click a row for the rationale, or plot any trade on its own chart.

  • Bank views

    Free

    What every desk is saying on one asset: its current call, its level, how strongly it holds it, and the thesis behind it.

  • Currency research

    Free

    What the bank research desks are publishing on one currency: the aggregate sentiment, the drivers behind it, the thesis, and the underlying reports.

  • Directional bank calls

    Pro

    Every published view that takes a side, including those with no levels attached. Toggle bullish or bearish, read the thesis behind each one, and see which calls also carry a full setup.

  • Research feed

    Pro

    Every bank report as it lands, with the desk’s logo, its conviction and the thesis behind the call.

  • Research inbox

    Pro

    Every piece of research in one time-ordered stream: uploaded bank reports, the twice-daily briefs, the weekly report and research write-ups. Click any row to open it.

Central banks

7 widgets 6 free

  • CB detail

    Pro

    One central bank in depth: policy rate, inflation, real rate, the stance the composite is using, and the next meeting.

  • CB rates & stance

    Free

    Policy rate, real rate, forward stance and next meeting date for the central banks you select, with the rate history and countdowns to each decision. For a ranking of stance alone, use Hawk,dove ranking.

  • CB repricing tracker

    Free

    Which central banks the market has repriced most over a chosen lookback. Compares where the market prices each rate path today against where it priced it N days ago, ranked by the size of the shift, and can.

  • Carry ranking

    Free

    The rate-differential carry for every currency pair, long the higher-yielder and short the lower, ranked.

  • Hawk–dove ranking

    Free

    The central banks you select ranked from most hawkish to most dovish, using the same stance reading the composite scores from. The gap between two banks is the policy divergence behind their currency pair.

  • Next CB meetings

    Free

    Upcoming policy decisions for the central banks you select, ordered by how soon they land. Scheduled meetings only, so an unscheduled decision does not appear here until it is announced.

  • Rate expectations

    Free

    What the market expects each central bank to do at its next meeting: cut, hold or hike, with the conviction behind it and the implied rate after the move.

Rates and yields

2 widgets 0 free

  • Treasury yield history

    Pro

    One maturity through time, as a yield or as the move in basis points across the window. Windows run from one month to the full published series, which begins in 1962 for the ten year.

  • US yield curve

    Pro

    The US Treasury curve: its current shape, the key spreads (2s10s, 3m10s, 5s30s) and their recent history, real yields against CPI year on year, and whether any part of the curve is inverted.

Calendar and news

5 widgets 3 free

  • Economic calendar

    Free

    Macro releases with actual, forecast and previous values, across windows from the next 24 hours out to the next 30 days, or looking back at what has already printed.

  • Event countdown

    Free

    Live countdown to the next high-impact economic events for tracked currencies: each shown with the affected currency’s current score/bias and consensus vs prior, so you see at a glance what a beat or miss.

  • Recent releases

    Free

    Chronological list of economic releases in the last 24h that have an actual value. Colour-coded above / below / in line with forecast.

  • Trending headlines

    Pro

    Stories drawing outsized news coverage right now, ranked by how far coverage runs above its normal level. Shows what the market is collectively watching;

  • WT Wire

    Pro

    The corroborated WT Wire. Fast-newswire headlines cross-checked across sources: CONFIRMED (2+ wires agree), OFFICIAL (primary source), or DEVELOPING (single source, not yet corroborated).

Research and narrative

7 widgets 1 free

  • Analyst videos

    Pro

    The daily video desk: the hook, the written summary and the takeaways pulled from each transcript. Opening one plays it inside the panel rather than taking over the board.

  • Currency takes

    Pro

    A one-line read on every monitored currency, written by the engine at the latest scoring run. Each take reflects the score at that run, so it ages with the scoring cycle rather than with price.

  • Currency themes

    Pro

    The macro themes and geopolitical risks tagged to one currency at the latest scoring run. These describe what the research and news flow are built around;

  • Daily need-to-know

    Free

    The short daily read: the lead macro headline, the paragraph behind it, and the numbered watch items.

  • Daily report

    Pro

    The newest macro daily brief in full: choose the EU session (generated ~07:00 UTC) or the US session (~11:00 UTC). Auto-updates as fresh reports are generated. Click any element to open in the full reader.

  • Weekly brief

    Pro

    The engine's own editorial for the week: the theme it is built around, the narrative written on it, and the numbered need-to-know watch items.

  • Weekly report

    Pro

    The newest weekly report as a pinned card: what it led with, the section of your choice underneath, and the six pair ideas the engine captured when it was written, each with the reasoning published alongside.

Trade ideas

6 widgets 1 free

  • Momentum basket

    Pro

    The whole board ranked by how far it has moved over a week, a month, a quarter and a year, with the acceleration between the recent pace and the long-run one.

  • Pair scanner

    Pro

    All pairs meeting a minimum score divergence threshold: live, auto-ranked by edge strength.

  • Top 5 pairs

    Pro

    The five pairs with the largest directional edge. Same ranking as Top conviction pair, which shows the leader alone.

  • Top conviction pair

    Pro

    The single pair with the largest directional edge. Full card, compact single row, or expanded breakdown bars. Same ranking as Top 5 pairs, which shows the leading five.

  • Top divergences

    Pro

    The cleanest two-sided divergence trades on the board. Ranks pairs by the score gap multiplied by the conviction of the weaker leg, so a 60-bull against a 30-bear outranks an 80-bull against a 50-neutral at.

  • Trade scanner

    Free

    Every tradable read the engine holds in one ranked table: the crosses and every metal, commodity and index scored on its own.

Crosses

5 widgets 2 free

  • Currency compare

    Pro

    Two currencies set against each other: composite scores, the drivers behind them, central bank stance and COT positioning.

  • Currency pair heatmap

    Free

    The full pair score matrix across the major currencies, with the strongest edges called out.

  • Pair calendar

    Pro

    The economic calendar filtered to one pair, covering both the base and quote currencies. Shows forecast and previous ahead of each release, and the actual once it prints.

  • Pair focus

    Free

    The full breakdown for one pair: the composite score, both currencies' components set side by side, central bank stance, COT positioning and the written read on each leg. Opens to the full deep-dive.

  • Pair score history

    Pro

    Composite pair score over time for the pairs you select. Derived from the two per-currency score histories, folded the same way every pair score is: 50 plus half the gap between base and quote.

Market data

12 widgets 5 free

  • Asset statistics

    Free

    Statistical profile for any asset: historical volatility, return percentiles, price position against the 52-week and 5-year range, moving-average deviation, drawdown, and a 30-day return distribution.

  • Currency strength index

    Free

    Relative currency strength over time, indexed to 100 at the start of the window. Pick the currencies to compare and the timeframe.

  • Index constituents

    Pro

    What is inside an index and what each name is worth to it: weights, concentration, and where today’s move came from.

  • Live currency strength

    Pro

    Which currencies are being bought and sold right now, built from live ticks. Each currency is scored by the average move across every streaming pair it appears in, so it is a read on the whole board rather.

  • Live movers

    Pro

    Biggest gainers and losers across your selected assets, ranked and re-sorted live as prices tick, with green/red flashes.

  • Live prices

    Pro

    Real-time prices across FX majors, metals, commodities (WTI, copper) and equity indices. Choose which asset groups to show and whether to display the day change. Values stream live and flash on each tick.

  • Market tape

    Pro

    A scrolling ticker of live prices across FX, metals, commodities and indices, with direction arrows and a flash on each move.

  • Price correlation matrix

    Pro

    Rolling correlation of daily price returns across instruments. High positive = moving together (stacked risk); negative = natural hedges. Computed live from price history.

  • Seasonal price forecast

    Free

    The seasonal path ahead for any asset, projected forward over your chosen horizon from the average of what it did on these calendar days in previous years, rebased so today reads zero.

  • Seasonality

    Free

    Historical seasonal % path for any asset: currency, commodity, equity index, or major pair (pair paths are base − quote). Line chart (5/10/15y), monthly bars, or a forward-move table across all assets.

  • Volatility ranking

    Pro

    Realised volatility and average daily range across selected assets, ranked: FX pairs, metals, WTI and equity indices.

  • WT Advanced Chart

    Free

    WatchTower native chart. 44 assets: FX, metals, commodities, indices. Candles, area or line, across 5m to 1M timeframes.

Portfolio

10 widgets 7 free

  • Conviction check

    Free

    Your trade direction versus the score-implied direction, position by position. Green where you are trading with the composite score, red where you are fighting your own signal.

  • Event radar

    Free

    Upcoming high-impact economic events for the currencies in your book, ranked by proximity, each mapped to the positions it touches: so you know what is about to move your portfolio and where.

  • My portfolio

    Free

    Your book in one panel: live price and change, the composite score, which leg the engine favours, and the full written read on each pair. Add and remove positions here, and set each one long or short.

  • Portfolio briefing

    Pro

    An AI risk read on your whole book: what it is betting on, whether it aligns with the composite scores, how concentrated it is, and the single key upcoming catalyst.

  • Portfolio changes

    Free

    What has moved under the positions you hold, and whether it moved your way. Composite score and day price change for each one, signed to the side you are trading it.

  • Portfolio concentration

    Pro

    How much of your notional sits on a single bet. Distils your net currency exposure into one concentration reading plus an effective number of independent bets, with a stacked bar of where the risk sits.

  • Portfolio correlation

    Free

    Whether your positions move as one. Correlates the daily returns of your holdings over a real window, then signs each pairing by the side you are trading it, so a positive reading always means two positions.

  • Portfolio exposure

    Free

    Net currency exposure across your positions: which currencies you are effectively long and which you are short, once the pairs are broken into their two legs.

  • Portfolio prices

    Pro

    Your portfolio assets with live prices and change%, flashing on every tick. Auto-updates as you add or remove from your portfolio.

  • You vs the crowd

    Free

    How your positions sit against retail sentiment and COT smart money, currency by currency. Fading a crowded retail book (alongside the specs) is the contrarian sweet spot;

Risk and sentiment

4 widgets 1 free

  • Geopolitical monitor

    Pro

    Active geopolitical situations on a rotating globe, a flat map, or as a list. Clicking a situation opens it in place rather than navigating away from the board.

  • Market regime

    Free

    Where the market sits right now, read purely from price action: risk assets against havens, the dollar strengthening, weakening or ranging, and volatility calm, normal or stressed against its own baseline.

  • Risk regime

    Pro

    The risk-on and risk-off model: the composite gauge, the signals feeding it, and how much each one contributes. Model-driven, so it can disagree with price.

  • Risk-asset prices

    Pro

    Live prices for the assets used as risk proxies, with the 24-hour change and recent path for each. These are the inputs behind the risk regime reading, shown raw so you can see what is driving it.

Squawk

1 widgets 1 free

  • Squawk chat

    Free

    Live channel discussion from Squawk: post, reply and react without leaving the board. New messages arrive over a live connection rather than on a refresh timer. Use “Open chat” for the pop-out.

Utility

3 widgets 2 free

  • Data freshness

    Pro

    How recently each underlying data feed was refreshed, colour-coded by staleness. Tells you whether a quiet widget is quiet because the market is quiet or because its source has stopped updating.

  • FX market status

    Free

    Whether the FX market is open right now, with the time remaining until the next open or close. The week runs from roughly 21:00 Sunday to 21:00 Friday UTC.

  • Session clock

    Free

    Live clocks for the four FX sessions, Sydney, Tokyo, London and New York, with whether each is open or closed and how long until that changes.

Questions

The usual ones.

How many widgets does WatchTower have?

98 placeable widgets across 15 categories, all named on this page. 55 are reachable on a free account through the 12 pre-built boards. The rest need Pro, either because the widget is itself a Pro feature or because reaching it means building your own board.

What markets are covered?

9 currencies: USD, EUR, GBP, JPY, CHF, AUD, CAD, NZD and MXN. 6 metals and energy markets: 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 runs across 44 markets.

Whose research is aggregated?

A roster of 48 institutions, including ING, MUFG, UniCredit, Westpac, Danske Bank, Crédit Agricole CIB, SEB, Scotiabank and others. Each report is read and reduced to its thesis, direction, conviction, price target and horizon, then compared against every other desk covering the same market.

Can I build my own layout?

With Pro, yes. My Terminal gives you all 98 widgets and an empty grid: drag in what you use, size it, name the tabs and save as many workspaces as you need. Free accounts read the 12 boards as built.

Does it give trade signals?

No. It describes data and shows the macro read with the reasoning behind it. It never gives an entry, a stop or a position size. Those decisions stay yours.

In short

WatchTower Terminal is built from 98 widgets across 15 categories, arranged into boards. The categories are Scores and bias, Currency fundamentals, Positioning, Bank research, Central banks, Rates and yields, Calendar and news, Research and narrative, Trade ideas, Crosses, Market data, Portfolio, Risk and sentiment, Squawk, Utility. A free account reaches 55 of those widgets through 12 pre-built boards; Pro at $49 a month opens all 98 and lets you arrange them into your own boards. Coverage is 9 currencies, 6 metals and energy markets and 9 equity indices, with positioning across 44 markets and 8 central banks tracked.