Program Overview
Macro-Trading: Understanding Economic Drivers in Derivatives Markets
This course explores the key macroeconomic factors that drive the financial markets, with
a particular focus on their impact on derivatives trading. Participants will gain a thorough
understanding of how economic indicators, central bank policies, and geopolitical
events shape market behavior, and how to incorporate macroeconomic insights into trading
decisions for more profitable outcomes.
€3,499
€5,000
What You Will Learn:
● Deep dive into macroeconomic indicators (e.g., GDP, inflation, interest rates) and
their impact on financial markets.
● How central bank policies (e.g., Federal Reserve, ECB, Bank of Japan) influence
derivative pricing and market trends.
● Macro-trading strategies that integrate economic data into trading decisions for
instruments like futures, options, and CFDs.
● How to read and apply economic reports and use them to predict short- and
long-term market movements.
Benefits:
● Develop a macro-driven approach to trading, integrating global economic factors
into derivative trading strategies.
● Learn how to predict market shifts based on changes in economic conditions,
helping to stay ahead of market trends.
● Gain insights into how large institutional investors use macroeconomic analysis to
guide their derivative trading strategies.
Other Benefits
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Annual Bloomberg Subscription: Gain access to Bloomberg’s industry-leading financial insights, real-time news, market analysis, and expert opinions.
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Exclusive Investor Community Access: Join a private network of professional traders and investors to share insights, strategies, and market opportunities.
Our journey to empowering traders
Week 1: Global Macro Foundations & Market Structures
● Global Economic Cycles & Asset Price Behavior
Understanding macroeconomic phases and asset class reactions.
● Structure of Global Derivatives Markets
Key participants, pricing mechanisms, and liquidity dynamics.
● Spot vs. Derivatives Market Interactions
FX, equities, commodities, and fixed income relationships.
● Macro Liquidity, Capital Flows & Central Bank Influence
Role of liquidity cycles, QE/QT, and volatility shifts.
●Case Study: 2008 Crisis & the Federal Reserve Response
Impact on derivatives markets and institutional positioning shifts.
Week 2: Interest Rates, Sovereign Risk & Derivatives Strategies
● Monetary Policy Transmission via Derivatives
Application in futures, swaps, and options markets.
● Interest Rate Strategies: Yield Curves & Eurodollars
Real vs nominal rates, steepeners/flatteners, and spread trading.
● Real vs. nominal interest rates – impact on risk assets
● Sovereign Risk, Fiscal Policy & Credit Derivatives
CDS, bond spreads, and fiscal-monetary divergence plays.
● FX & Fixed Income Macro Trades
Impact of sovereign shifts on equity/FX, and cross-market pair trades.
● Case Studies:
Fed Rate Hikes 2022–2023: Institutional Strategies
CDS Hedge Simulation: Portfolio Protection in Sovereign Debt Exposure
Week 3: Commodities, Geopolitics & Macro Strategy Execution
● Inflation, Commodities & Derivatives Positioning
Trading commodity futures/options based on inflation models.
● Contango/Backwardation & Macro Hedging Structures
Futures curve dynamics and practical commodity hedging.
● Emerging Markets, Geopolitics & FX Derivatives
Crisis trading, carry strategies, and volatility hedging with options.
● Macro Strategy Development & Execution
Building a thesis, modeling, backtesting, and live simulation.
● Final Simulation & Presentation:
Construct and defend a macro-driven derivatives strategy