Skip to content Free: the Prop Survival Kit for funded-account traders Get it
Marlin

Translate this page

Machine translation by Google, opens in a new tab. Interactive tools do not run in a translated copy: use your browser's built-in translate, or the English page. English is the reference for firm rules and risk warnings.

Try asking

    Answers come from the data and pages on marlinfx.com (AI by Claude). Not investment advice.

    3D illustration of a glass coin on a balance scale, standing for the US dollar and the balance of its drivers. Illustration, not data.

    Marlin Intelligence

    US Dollar Intelligence

    Data as of 4 Nov 2026

    Market Regime

    How it's set

    Neutral

    High confidence100% data100% agree

    Marlin Score

    +14

    Describes conditions, not a prediction.

    As of 4 Nov 2026, the US dollar Marlin Score is +14 of ±100: Neutral, high confidence. Positive supports the dollar.

    The 7 drivers Rates, trend and positioning, risk. Tap a group.
    RatesUS policy, the US-euro gap, real yields▲ 1

    US policy expectations (2-year yield)

    +0.8
    Current
    4.59%
    Previous
    4.56%
    Change
    +0.0 pp
    Why this score

    2-year Treasury yield rose 0.0 pp to 4.59% on 2 Nov 2026. The move is too small to register as a directional signal.

    NeutralMedium confidenceSource: FREDAs of
    Previous value dated 30 Oct 2026.

    US-euro rate gap (2-year)

    +1.3
    Current
    1.60 pp
    Previous
    1.55 pp
    Change
    +0.1 pp
    Why this score

    The US-euro 2-year yield gap rose 0.1 pp to 1.60 pp on 2 Nov 2026. A wider US yield advantage over the euro area is generally supportive for the dollar.

    SupportiveMedium confidenceSource: FREDAs of
    Previous value dated 30 Oct 2026.

    US real yields

    +0.6
    Current
    2.62%
    Previous
    2.60%
    Change
    +0.0 pp
    Why this score

    10-year real Treasury yield (TIPS) rose 2 bp to 2.62% on 2 Nov 2026. The move is too small to register as a directional signal.

    NeutralMedium confidenceSource: FREDAs of
    Previous value dated 30 Oct 2026.
    Trend and positioningDollar trend, CFTC positioning▲ 1

    Dollar trend (broad index)

    +2.7
    Current
    +1.36% vs 50-day avg
    Previous
    +1.48% vs 50-day avg
    Change
    -0.1 pp
    Why this score

    WTI closed 1.4% above its 50-session average on 30 Oct 2026. An index above its 50-session average is consistent with positive momentum.

    SupportiveMedium confidenceSource: FREDAs of
    Previous value dated 29 Oct 2026.

    Speculative positioning (CFTC)

    0.0
    Current
    3.20 k contracts
    Previous
    3.20 k contracts
    Change
    ±0.00 k contracts
    Why this score

    Leveraged-fund net position, US dollar index futures was unchanged to 3.20 k contracts in the week ending 27 Oct 2026. The move is too small to register as a directional signal.

    NeutralLow confidenceSource: CFTCAs of
    Previous value dated 20 Oct 2026.
    RiskRisk aversion, geopolitics▲ 2

    Risk aversion (financial conditions)

    +1.2
    Current
    -0.5
    Previous
    -0.5
    Change
    +0.0 pts
    Why this score

    Chicago Fed National Financial Conditions Index rose 0.0 pts to -0.5 in the week ending 30 Oct 2026. Tighter financial conditions are often associated with demand for the dollar as a safe haven.

    SupportiveLow confidenceSource: FREDAs of
    Previous value dated 23 Oct 2026.

    Geopolitical risk

    +4.1
    Current
    181.4
    Previous
    171.8
    Change
    +9.6 pts
    Why this score

    Geopolitical Risk Index (7-day average) rose 9.6 pts to 181.4 in the week ending 26 Oct 2026. Elevated geopolitical risk is often associated with demand for the dollar as a safe haven.

    SupportiveLow confidenceSource: GPR IndexAs of
    Previous value dated 19 Oct 2026.
    How the score works Rules, what is left out, questions and answers.
    Not in the score No DXY, no currency quotes.

    The ICE US Dollar Index (DXY), EUR/USD and other currency quotes are licensed market data, so Marlin does not restate them and the score does not use price. Trend comes from the Federal Reserve's broad dollar index. Live prices stay in the TradingView charts on the dollar index page.

    How each driver is scored Fixed rules, published.
    • Trend: +2 points per 1% the Fed's broad index sits above its 50-session average.
    • US 2-year yield: +0.25 points per basis point rise.
    • US minus euro-area 2-year yield: +0.25 points per basis point of widening.
    • 10-year real yield (TIPS): +0.3 points per basis point rise.
    • Financial conditions (Chicago Fed NFCI): +1.5 points per +0.01 rise (safe-haven demand).
    • CFTC leveraged-fund net long, USD index futures: +1 point per 1,000 contracts added in a week.
    • Geopolitical risk (GPR index): +1 point per 20 index points above 100.

    Each factor is capped at ±10 and weighted (policy expectations and the rate gap 1.5; trend and real yields 1.0; the rest 0.6–0.8). The score is withheld under 50% coverage. The euro-area yield is modified by Marlin (a spread and its daily change), as the ECB's copyright notice asks us to state.

    What is the US dollar Marlin Score?

    One number from -100 to +100 that summarises seven drivers of the dollar: its own trend, US policy expectations, the US-euro rate gap, real yields, risk aversion, speculative positioning (CFTC) and geopolitical risk. Each is scored from -10 to +10 by a fixed, published rule and weighted. Positive means conditions are supportive for the dollar.

    Is this the DXY?

    No. The ICE US Dollar Index (DXY) is licensed, so Marlin does not restate it. The trend factor uses the Federal Reserve's broad dollar index, which is published openly. The euro is about 58% of the DXY basket, which is why the US-euro rate gap carries a high weight.

    Why is there no price or EUR/USD rate here?

    Currency quotes come from brokers and data vendors under licence. The score uses published yields, positioning and risk readings instead. Live prices appear only in the TradingView charts elsewhere on the site.

    Is it a trading signal?

    No. It summarises current macro data with sources and dates. It does not predict prices and is not a recommendation to buy or sell.

    Sources: Federal Reserve and Federal Reserve Bank of St. Louis (FRED), European Central Bank, CFTC Commitments of Traders, Caldara & Iacoviello GPR index. See Trust centre. Related: Gold Intelligence, US Dollar Index.

    Compare top brokers