From electric vehicle inflation in Norway to record highs in global markets, this edition of Macro Moves highlight show data is adapting to a rapidly shifting world.

We explore new perspectives on stablecoins as a bridge between crypto and fiat systems, compare China’s evolving LNG supply chain and question the narrative of de-dollarization through the lens of global reserves.

Whether it’s a minimalist chart design or a dynamic heatmap, this month’s release showcases how thoughtful data and creative visualizations can unlock fresh insights across economics, finance and geopolitics.

This edition also introduces a new feature: linked data —clickable references to specific series or directly to relevant tree structures within the Macrobond application that help users navigate and act on insights more efficiently than ever.

Milestone Markets:

Tracking record-breaking moments across global markets.

The S&P 500 has recently reached a new all-time high, fully recovering from the decline following the tariff announcement last April. To help monitor similar milestones across global markets, Macrobond introduces a new way to visualize record-breaking performance across key financial assets.

This chart tracks all-time highs for eight major assets — including the six largest equity indices, gold and bitcoin. Each time an asset sets a new record, a vertical line appears, crossing the horizontal axis corresponding to that asset.

Macrobond users can easily switch between assets using the series list, making it a flexible tool for spotting market momentum and historical breakouts.

Fast Tracks to Recovery:

How markets rebound after a drawdown

The rapid recovery of the S&P 500 has sparked broad discussion. Just three months after entering correction territory, the U.S. market has delivered over9% in total returns — a rebound reminiscent of the post-COVID rally.

Such swift reversals tend to reignite debates around market resilience, investor sentiment, and the role of geopolitics and domestic political developments.

To illustrate this, we’ve created a visualization using Macrobond’s “Signal” and “Drawdown” formulas, showing how these tools can effectively track market behavior during and after periods of downturn.

Global Time Zones, Local Dynamics:

Dissecting the U.S. dollar’s path

Since last year, Macrobond has been providing hourly FX rates, enabling users to track the movements of major currency pairs (inc. EUR, CHF, JPY, etc.) across global time zones.

This visualization explores how the U.S. Dollar Index might behave if snapshots of its underlying currencies were taken from the perspective of the world’s three key financial centers: New York, London and Tokyo.

While differences in monthly performance are often subtle, the chart highlight show geography and timing can still play a meaningful role in currency dynamics.

Digital Dollars Gain Ground: ‍

Stablecoins rise as crypto’s core liquidity engine

Macrobond has significantly expanded its cryptocurrency coverage, with a particular focus on the largest stablecoins.

Often seen as a proxy for the U.S. dollar in crypto markets, stablecoins serve as a medium of exchange and a tool for liquidity across digital assets. As adoption grows, so does their influence: the combined market capitalization of major stablecoins — including Tether, USD Coin, Dai and many others — has recently surpassed1% of the U.S. Dollar M2 money supply.

This highlights the accelerating integration of crypto into the broader financial system, as stablecoins continue to gain traction among investors and institutions alike.

Shifting Shares, Lasting Dominance: ‍

FX reserves and the staying power of the dollar

The IMF’s COFER database provides a valuable view into the currency composition of global foreign exchange reserves. Using this data, we’ve built a visualization tracking key developments since 2000.

Despite ongoing discussions around de-dollarization, the U.S. Dollar remains the dominant reserve currency. Its share has declined modestly — from 57% in 2018 to around 53% today — but it continues to lead by a wide margin. The Chinese Renminbi, while gaining international attention, has remained relatively stable in global reserves, fluctuating around 2%.

Meanwhile, the combined share of other currencies — including the Australian Dollar, Canadian Dollar, and Swiss Franc — has been gradually increasing.

Parsing the Core of Core: ‍

Exploring supercore inflation through multiple lenses

The Federal Reserve’s preferred measure of inflation — commonly referred to as super core inflation — is now available on the Macrobond platform without the need for complex calculations.

Since there is no universally agreed definition of supercore inflation, we now offer three variants to support different analytical needs:

•Services excluding Energy Services and Shelter

•Services excluding Energy Services and Rent of Shelter

•Services excluding Energy Services, Rent of Primary Residence and Owners’ Equivalent Rent

National Demand, Global Trends: ‍

U.S. Commodities Heatmap

The country-specific commodity indices from the Hamburg Institute of International Economics (HWWI) have long been part of Macrobond’s data offering.

These monthly-updated indices track the performance of broad commodity groups, weighted by their relevance to individual national economies.

What’s new is the way they’re visualized: a dynamic heatmap that allows users to compare commodity trends across countries using the “Change Region” function.

While the top-level indices highlight country-specific dynamics and can be easily switched between countries, the detailed commodity subcategories reflect global price developments — thus offering both localized insight and broader global context in one integrated view.

Shifting Energy Alliances:

‍China’s evolving mix of LNG suppliers

As the world’s largest energy consumer, China continues to expand its use of liquefied natural gas (LNG), which is steadily increasing its share in the national energy mix.

To track this trend, Macrobond has recently added detailed statistics on China’s LNG imports by source country.

The visualization — a pie chart — highlights the current structure of China’s LNG imports, where Qatar and Russia have emerged as dominant suppliers, while Australia — once a leading source not only of LNG but also coal — has seen its share significantly decline.

From Boom to Balance:

‍A soft landing for UAE real estate?

Macrobond now includes REIDIN’s real estate indices for the UAE, enabling users to track sales and rental prices in one of the Middle East’s most prominent investment destinations.

UAE property market has attracted significant foreign interest in recent years, though recent data suggests that demand may be softening — leading to a moderation in price growth.

To showcase these developments, we’ve built a creative one-line chart using Macrobond’s powerful charting tools, demonstrating how even the simplest visualizations can be made impactful with the right design approach.

A Divided Continent:
Democracy across Europe

Macrobond has recently integrated BTI’s Transformation Index along with classifications of global economies by their democracy status.

To illustrate this data, we’ve created a simplified map of Europe highlighting six distinct categories.

Western Europe is firmly positioned in the “absolute democracies” group, while many countries in Eastern Europe still show potential for further institutional development and democratic consolidation.

Recharging the Inflation:How Norway is modernizing green price tracking

Electric vehicles are becoming a part of everyday life — especially in the Nordic countries, where adoption is among the highest in the world. As the technology evolves, so does the need for traditional statistics to keep pace.

Norway has become a pioneer in this area by publishing a dedicated consumer price index for EV charging at public stations. This unique measure is now available in Macrobond, offering users a new lens through which to track the cost of green mobility.