Intraday
What is the market reacting to now?
Same-day pressure from the newest qualifying macro evidence and current market repricing.
Multi-asset macro research
Bulgak Macro Terminal
See how current macro evidence is shaping FX pairs, Nasdaq 100, Gold, and Bitcoin across Intraday, Swing, and Position horizons.
Start here
Choose The Market View You Need
Begin with the complete market snapshot, or go directly to the market you are researching.
Latest Macro Bias
See the current overview of approved FX pairs, currency strength, macro instruments, and the drivers behind them.
View overview
FX Pair Bias
Browse approved currency pairs and compare their Intraday, Swing, and Position views.
View FX
Nasdaq 100
Review the macro view shaped by rates, yields, liquidity, growth, and risk appetite.
View Nasdaq
Gold
Review pressure from real yields, the US dollar, inflation, and safe-haven demand.
View Gold
Bitcoin
Review the macro view through liquidity, the US dollar, risk appetite, and crypto conditions.
View Bitcoin
Trading horizons
Match The Horizon To Your Question
A market can point in different directions across different time horizons. Choose the horizon before interpreting the bias.
Swing
What may matter over the next several days?
Developments that may remain relevant for several days to approximately two weeks.
Position
What defines the broader macro regime?
Policy, growth, inflation, liquidity, and risk themes that may persist for one month or longer.
Reading the view
How To Interpret Bulgak
Read each market view in this order. No single label should be interpreted on its own.
Bias
The broader directional macro view for the selected market and horizon.
Pressure
What the freshest qualifying evidence is currently indicating.
Confidence
How strongly evidence quality, direction, and the broader view agree.
Top Drivers
The principal public explanations supporting or opposing the current view.
A bullish Intraday view does not automatically mean that the Swing or Position view is also bullish.
Inside the terminal
Research The Evidence Behind The Bias
The terminal brings the market map and its supporting evidence into one research workspace.
- Compare approved FX pairs by bias, pressure, confidence, and horizon.
- Track Nasdaq 100, Gold, and Bitcoin through their own macro channels.
- Review currency-strength context and the evidence feed behind the market view.
- Search stored evidence or ask Macro Terminal questions in plain English.
Evidence discipline
Evidence Is Not Treated Equally
Central-bank communication, official economic data, market pricing, and material macro developments generally carry more research value than repeated, weak, or low-relevance headlines.
Bulgak organizes evidence by market relevance, freshness, source quality, directional context, and trading horizon. It is designed to support structured research, not to promise a certain market outcome.