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FX Workbench

The FX Workbench turns a six-letter currency pair such as EURUSD or USDJPY into one read-only research view. It combines price behavior, country-level macro data, an indicative carry curve, and a manual exposure scenario without requiring a broker or bank-account connection.

Open Market, choose one of the major-pair shortcuts, or search for a currency pair and open its detail page.

What the pair view shows

  • Spot and price risk — the latest close, 1-week, 1-month, and 3-month returns, 20-day annualized realized volatility, and the selected range.
  • Price history — the normal federated K-line chart, including its chosen vendor or broker source and freshness metadata.
  • Macro divergence — base-versus-quote short rates, CPI inflation, and OECD leading-indicator momentum.
  • Indicative carry — 1-, 3-, 6-, and 12-month outright and forward-point estimates from covered-interest parity.
  • Exposure scenario — a local what-if calculation for a long or short base currency notional and a move expressed in pips.

The current shortcut set is EURUSD, USDJPY, GBPUSD, and USDCNH, but the pair parser also accepts common spellings such as EUR/USD, USD.CHF, and EURUSD=X.

Read the caveats with the numbers

This surface is for research, not execution:

  • the latest chart close is a research spot reference, not an executable quote;
  • macro observations can have different publication dates;
  • EUR uses Germany as its current macro proxy, while CNH uses onshore China;
  • indicative forwards use country-level short-rate proxies and omit cross-currency basis, bid/ask, holidays, and exact tenor curves;
  • scenario P&L is linear spot delta and excludes options convexity, carry, funding, fees, and basis.

If one side lacks a short-rate observation, OpenAlice leaves carry blank rather than guessing. Scenario inputs stay in the browser tab and are never sent to a broker.

Where the data comes from

The chart uses the same source-explicit K-line path documented under Symbol Search. Macro comparisons use the Data Hub's global-macro board, while broad-dollar context uses the US macro board. Every board retains its normal origin, date, and staleness metadata.

Next Steps

  • Data Hub — Understand the macro boards and their provenance.
  • Symbol Search — Choose a currency symbol and K-line source.
  • Quant Calculator — Run reproducible analysis over the selected bars.
  • Trading Setup — Keep research symbols separate from broker-tradeable contracts.