Disclaimer

Last updated: April 12, 2026

This Disclaimer governs the use of the Global Macro Reports website and all content made available through it, including public pages, digital reports, PDF files, weekly reports, flash reports, and related materials.

By accessing the Site, creating an account, or purchasing any content, you acknowledge that you have read and accepted this Disclaimer.

1. Purpose of This Disclaimer

Global Macro Reports publishes macroeconomic and financial content intended to:

• structure the interpretation of macro events, including economic releases, central bank decisions, and key indicators;
• provide a methodological analysis framework, including scenarios, risks, and regime-change conditions;
• present a macro-oriented bias within a conditional and analytical framework.

This Disclaimer clarifies:

• what Global Macro Reports does and does not provide;
• the limits of the content;
• the risks associated with financial markets;
• the user’s responsibility.

2. Nature of the Content

Global Macro Reports may include:

• Flash Reports: short analyses published after selected macroeconomic releases;
• Weekly Reports: broader macro context reports covering regime, scenarios, catalysts, and risks;
• Digital Files: PDF reports and associated materials.

Content may be presented in the form of text, tables, frameworks, scenario analysis, watchpoints, summaries, and digital documents.

3. General Information Only — No Personalized Investment Advice

All Global Macro Reports content is provided for general informational and educational purposes only.

Global Macro Reports:

• does not provide personalized investment advice;
• does not provide recommendations tailored to your personal circumstances;
• does not take into account your objectives, financial situation, experience, or risk tolerance;
• does not assess the suitability or appropriateness of any investment for you.

Any decision you make based on Global Macro Reports content remains your sole responsibility.

4. No Offer, No Solicitation, No Inducement

Global Macro Reports content does not constitute:

• an offer to buy or sell;
• a solicitation;
• an inducement to invest;
• a personalized investment recommendation.

Examples, scenarios, directional bias, and market orientation are conditional analytical views intended to structure understanding of a macro environment, not to dictate action.

5. Risk Warning — Potential Loss of Capital

Financial markets involve significant risks, including but not limited to:

• partial or total loss of capital;
• volatility risk;
• liquidity risk;
• interest rate and credit risk;
• foreign exchange risk;
• leverage risk;
• geopolitical, regulatory, and operational risks.

Past performance is not indicative of future results. No guarantee of outcome or performance is provided.

Global Macro Reports shall not be held liable for losses, costs, or damages resulting from decisions made by the user.

6. Directional Bias — Definition and Limits

Global Macro Reports may refer to a directional macro bias, such as constructive, neutral, or cautious, on certain markets or assets.

Such bias:

• is conditional and depends on assumptions, scenarios, and catalysts;
• may change at any time as new information emerges;
• is not a trading signal;
• is not personalized advice;
• is not a promise of performance;
• does not reflect your horizon, position size, constraints, or risk rules.

7. Assumptions, Scenarios, and Uncertainty

Global Macro Reports analysis may rely on:

• explicit or implicit assumptions;
• macro frameworks such as inflation, growth, and financial conditions regimes;
• base-case and alternative scenarios;
• risk hierarchy and conditional interpretation.

By nature, macroeconomics and financial markets are uncertain. The same information may be interpreted differently depending on context, liquidity, market positioning, and other factors.

Global Macro Reports does not guarantee:

• the completeness of all possible scenarios;
• the accuracy of all expectations;
• the realization of any particular scenario.

8. Publication Timing — Objective, Not Commitment

Flash Reports are designed to be published rapidly after selected economic releases.

However, timing may vary depending on:

• the complexity of the release;
• data revisions;
• source availability;
• technical constraints;
• periods of unusually high activity.

Global Macro Reports does not guarantee publication at any precise time.

9. Data, Sources, and Revisions

Global Macro Reports uses information from sources considered relevant, including institutional publications, economic calendars, and official releases.

However:

• errors may occur;
• macroeconomic data may be revised after publication;
• official methodologies may change;
• event calendars may be updated;
• some information may be incomplete at the time of analysis.

Global Macro Reports does not guarantee that all information is permanently accurate, complete, or up to date, and users should independently verify information when needed.

10. No Guarantee of Accuracy, Completeness, or Availability

Global Macro Reports aims to provide high-quality content, but does not guarantee:

• that the content is free from errors;
• that the content matches your specific expectations or needs;
• that the Site or content will remain continuously available without interruption.

The Site may be interrupted for maintenance, updates, technical incidents, or force majeure.

11. User Responsibility

By using Global Macro Reports, you acknowledge that:

• you are responsible for your own decisions;
• you must assess the relevance of information in light of your own situation;
• you must apply your own risk management rules;
• you should consult a licensed professional if you require advice adapted to your personal circumstances.

Global Macro Reports does not replace:

• your own judgment;
• your own risk discipline;
• personalized professional advice.

12. Intended Audience / Restrictions

Global Macro Reports is intended for an audience capable of understanding financial markets and their associated risks.

The service is not intended for:

• minors;
• persons seeking individualized investment advice;
• persons for whom access to such content is prohibited under local law or regulation.

It is your responsibility to ensure that access to the Site is lawful in your jurisdiction.

13. Conflicts of Interest

Global Macro Reports may discuss macro themes likely to influence rates, indices, currencies, or other financial assets.

Global Macro Reports does not provide portfolio management or discretionary investment services.

If a material conflict of interest were to arise, Global Macro Reports undertakes to address it transparently in line with its internal standards. In all cases, the main warning remains unchanged: the content is informational and educational only.

14. Examples, Illustrations, and Preview Formats

Examples, extracts, screenshots, and demonstrations, including blurred library previews or sample report layouts:

• are provided for presentation purposes only;
• do not constitute any promise of result;
• may be modified at any time in terms of structure, layout, or presentation.

15. Third-Party Content and External Links

The Site may contain links to third-party websites. Global Macro Reports exercises no control over such sites and accepts no responsibility for:

• their content;
• their availability;
• their privacy practices.

16. Intellectual Property Reminder

Global Macro Reports content, including reports, structure, methodology, and digital materials, is protected by intellectual property laws.

Unauthorized redistribution, resale, public sharing, or dissemination is prohibited.

Please refer to the Terms of Use & License page for full details.

17. Indemnification

To the extent permitted by law, the user agrees to indemnify Global Macro Reports in the event of:

• violation of these terms;
• fraudulent use of the service;
• unauthorized redistribution causing damage.

18. Governing Law

This Disclaimer is governed by French law.

19. Contact

For any questions:
contact@globalmacroreports.com
Global Macro Reports — 143 rue Léon Menabrea, 73000 Chambéry, France