About Sachin Kotecha
Sachin Kotecha is the founder of MacroDriversTM, a macroeconomic and FX market-intelligence platform, and the founder and CEO of Sach Capital Limited. He is a multi-asset trader, market educator and professional market analyst whose work focuses on structured macroeconomic, fundamental and cross-asset analysis across global financial markets.
His work spans macroeconomic analysis, foreign exchange, equities, fixed income, commodities, derivatives and cryptocurrency, with particular attention to how these markets interact — how bond yields, equities, commodities and risk sentiment feed back into currencies, and how a view in one market can be confirmed or challenged by another.
Rather than relying on isolated indicators or one-dimensional signals, Sachin layers multiple inputs — monetary policy, inflation, growth, labour markets, relative currency conditions, market structure and risk — into a single coherent framework. The aim is to help traders and analysts understand why markets are moving, not simply react to the fact that they are.
A Multi-Asset View of Markets
Most markets are connected. A shift in monetary policy moves bond yields; yields influence currencies and equity valuations; commodity prices affect the currencies of commodity-producing nations; and risk sentiment flows across all of them. Analysing any one market in isolation misses these relationships.
Sachin’s work is deliberately multi-asset. A currency view is stronger when supported by moves in rates, commodities and risk appetite than when built on a single market alone. An equity view is more robust when confirmed by credit and volatility. This cross-asset perspective runs through the MacroDriversTM framework and through his teaching: understanding how asset classes relate is as important as understanding any one of them individually.
A Structured Approach to Global Markets
Markets move for reasons that are rarely visible on a single chart. Sachin’s process considers several layers of market information rather than relying on one indicator or isolated signal. Each layer either confirms or challenges the others, so a view is only as strong as the balance of evidence behind it.
Macroeconomic Conditions
Fundamental Drivers
Cross-Asset Context
Market Structure
Technical Context
Risk
Macroeconomic Conditions
Fundamental Drivers
Cross-Asset Context
Market Structure
Technical Context
Risk
Macroeconomic Conditions
Fundamental Drivers
Cross-Asset Context
Market Structure
Technical Context
Risk
Macroeconomic Conditions
Understanding the broad economic backdrop including growth, inflation, labour-market conditions and the policy environment.
Fundamental Drivers
Assessing the economic forces that can influence relative asset and currency behaviour.
Cross-Asset Context
Examining relationships between currencies, interest rates, equities, commodities and broader risk conditions.
Market Structure
Understanding how price behaviour and market structure interact with the broader thesis.
Technical Context
Using price-based evidence to assess timing, location and confirmation.
Risk
Considering uncertainty, invalidation, position risk and changing market conditions.
Macroeconomic and FX Analysis
Sachin’s work in foreign exchange is grounded in the macroeconomic forces that drive currency strength over time — monetary policy and central-bank reaction functions, inflation and inflation expectations, economic growth and growth differentials, labour-market conditions, interest rates and yield differentials, and the capital flows that connect them.
MacroDriversTM applies this structure across eight major currencies and twenty-eight FX pairs, turning a diffuse macroeconomic backdrop into a comparable, relative view of strength and weakness. The platform’s daily scoring cycle is designed so the dataset remains stable between updates, letting traders work from a consistent framework rather than a constantly shifting feed. Read more about how this is built on the methodology page.
Trading and Market Education
Sachin’s educational work focuses on building structured frameworks that connect theoretical concepts with practical analysis of financial markets. Rather than teaching indicators in isolation, the material shows how to build a coherent view — how to read a central-bank statement, interpret an inflation release, weigh growth against labour-market slack, and combine fundamental and technical context into a single plan.
The goal is practical: to help market participants develop a repeatable way of thinking, so analysis becomes structured rather than ad hoc. This educational approach underpins both his market-education work and the analytical design of MacroDriversTM.
Building Market-Analysis Frameworks
Sachin’s broader philosophy is that structured thinking beats reactive analysis. A market view is stronger when it is built from several independent inputs — macroeconomic conditions, fundamental drivers, cross-asset confirmation, market structure, technical context and risk — than when it rests on a single signal. When the layers agree, a thesis is better supported; when they conflict, the framework says so.
This principle also separates analysis from execution. A thesis and a trade are different things: the same view can be expressed with different position sizes, time horizons and risk limits. Keeping thesis and risk separate is a recurring theme in Sachin’s teaching and in the design of MacroDriversTM.
Analytical Principle
Markets are best understood by connecting macroeconomic conditions, relative asset behaviour, market structure and risk — not by relying on a single indicator.
MacroDriversTM
Sachin founded MacroDriversTM to bring structure to global macroeconomic information. The platform organises macroeconomic data, central-bank policy, inflation, growth, labour markets and cross-asset relationships into one consistent currency-strength framework — making it easier to see what is strong, what is weak, what is changing and what could move FX markets next.
MacroDriversTM is analytical infrastructure for traders who want to work from a disciplined, comparable framework rather than a stream of disconnected headlines. Explore the platform’s features or read about its methodology to understand how the framework is built.
Broader Professional Work
Beyond MacroDriversTM, Sachin’s professional work includes Traders MBATM and AtravixTM, alongside his role as founder and CEO of Sach Capital Limited. Across each project, the common thread is a focus on clarity, structure and disciplined analysis — helping market participants develop a more reliable way of understanding financial markets.
His published macroeconomic and FX analysis appears in the MacroDriversTM Resources library, where every article is authored by him and linked back to this profile.
Areas of Focus
Sachin’s analytical and educational work covers the following areas of focus.
Macro & Economics
- Macroeconomic Analysis
- Central Banks & Monetary Policy
- Inflation Analysis
Asset Classes
- Forex & Currency Markets
- Fixed Income & Interest Rates
- Equities
- Commodities
- Derivatives
- Cryptocurrency
Market Analysis
- Fundamental Analysis
- Technical Analysis
- Cross-Asset Analysis
- Market Structure & Positioning
Risk & Execution
- Risk Management
- Trading Strategy
Articles by Sachin Kotecha
Macroeconomic and FX analysis published in the MacroDriversTM Resources library.
Unemployment Rate and Forex: How Labour Market Data Affects Currencies
A comprehensive guide to the unemployment rate for forex traders — participation effects, broader underemployment measures, the link to wage pressure and inflation, and why lower unemployment does not always strengthen a currency.
Inflation Targeting and Forex: How Central Bank Inflation Frameworks Affect Currencies
A comprehensive guide to inflation targeting for forex traders — explicit targets, symmetric vs asymmetric, flexible targeting, headline vs core, the look-through, tolerance bands, and how frameworks differ across major central banks.
SOFR Explained for Forex Traders: How US Money-Market Rates Affect Currencies
A comprehensive guide to SOFR for forex traders — repo-market foundations, SOFR vs LIBOR, term SOFR and futures, what SOFR implies about Fed policy, dollar funding stress, and the OIS relationship.
Negative Interest Rates and Currencies: How Sub-Zero Policy Affects Forex
A comprehensive guide to negative interest rates for forex traders — deposit rates, bank profitability, the reversal rate, bond yields, carry trades, safe-haven demand, and why CHF and JPY could remain strong despite negative rates.
Yield Curve Control and Currency Markets: How YCC Affects Forex
A comprehensive guide to yield curve control for forex traders — YCC vs QE, the real-yield channel, credibility of the target, market testing, carry trades, exit risk, and the Bank of Japan as a historical case study.
ISM Manufacturing and Services for Forex Traders: How ISM Data Moves the US Dollar
A comprehensive guide to ISM Manufacturing and Services PMIs for forex traders — diffusion indices, the 50 threshold, sub-indices, the manufacturing vs services split, the prices-paid inflation signal, and the USD reaction framework.
The Phillips Curve and Forex: Why Labour Markets Matter for Inflation and Currencies
A comprehensive guide to the Phillips Curve for forex traders — the wage Phillips Curve, expectations-augmented version, NAIRU, why the curve has flattened, supply shocks, and the FX implications of labour-market tightness.
Balance of Payments and Currency Valuation: A Framework for Forex Traders
A comprehensive guide to the balance of payments for forex traders — the three accounts, the accounting identity, financing composition, FDI vs hot money, reserve-currency considerations, and balance-of-payments crises.
Retail Sales and Forex: How Consumer Spending Data Moves Currencies
A comprehensive guide to retail sales for forex traders — headline vs core, nominal vs real, fuel and auto distortions, the link to GDP, and why strong retail sales do not always strengthen a currency.
Frequently Asked Questions
Explore Sachin’s Market Research
Browse the full Resources library for macroeconomic and FX analysis, explore the MacroDriversTM platform, or get in touch.