{"route":"/full-immersive-market-contract.json","contract":{"status":"CANONICAL","effectiveFrom":"24 Jul 2026","cadence":"Every locked Full Immersive and every six-hour live resync","plainRule":"Every Full Immersive must check this full market stack before it gives a direction. If a live value cannot be verified, the item must be marked HELD instead of guessed.","requiredIndicatorFamilies":[{"id":"us-treasury-yields","label":"U.S. Treasury yields","plain":"Shows the price of money. Rising yields can pressure shares, crypto, property and long-duration AI trades.","examples":"2-year, 10-year and 30-year Treasury yields; yield-curve shape."},{"id":"us-dollar-index","label":"U.S. dollar index","plain":"Shows whether the dollar is squeezing global liquidity. A strong dollar can hurt emerging markets and commodities.","examples":"DXY and broad dollar direction."},{"id":"gold","label":"Gold","plain":"Shows fear, inflation concern and real-rate pressure. Gold can disagree with stocks when stress is building.","examples":"Spot gold and major gold ETF proxies when exact spot data is unavailable."},{"id":"major-asian-equity-indexes","label":"Major Asian equity indexes","plain":"Shows whether Asia is confirming or rejecting the U.S. lead before Europe and New York reopen.","examples":"Nikkei 225, Hang Seng, CSI 300, KOSPI, ASX 200, Nifty and Sensex."},{"id":"european-indexes","label":"European indexes","plain":"Shows whether global risk appetite is spreading or breaking during the London and Frankfurt session.","examples":"STOXX Europe 600, FTSE 100, DAX and CAC 40."},{"id":"credit-spreads","label":"Credit spreads","plain":"Shows stress in company borrowing. Wider spreads mean the market is charging more for risk.","examples":"Investment-grade spreads, high-yield spreads, CDX and iTraxx proxies."},{"id":"sector-performance","label":"Sector performance","plain":"Shows where money is actually rotating, instead of only reading the headline index.","examples":"S&P sector ETFs, GICS sector breadth and major sector winners or losers."},{"id":"singapore-equities","label":"Singapore equities","plain":"Shows the local market pulse for OnTheRice readers and Singapore-linked business signals.","examples":"STI, ES3, SGX banks, REITs and major Singapore-listed movers."},{"id":"major-foreign-exchange-pairs","label":"Major foreign-exchange pairs","plain":"Shows currency pressure that affects imports, travel, commodities, tech earnings and regional markets.","examples":"EUR/USD, USD/JPY, GBP/USD, USD/SGD, USD/CNH and AUD/USD."},{"id":"oil-shipping-and-refining-indicators","label":"Oil shipping and refining indicators","plain":"Shows whether oil stress is only price noise or a real supply-chain and fuel-margin problem.","examples":"Brent, WTI, tanker rates, crack spreads, refinery runs, product inventories and refining margins."}],"publicationRules":["The Live tab must show the market stack and the latest checked state.","The Full Immersive direction must explain which parts of the stack support, contradict or hold the thesis.","The Calls tab must use the same resync when updating entry colours and result states.","Crawler-readable records must include the canonical stack so outside readers can verify what OnTheRice is meant to track."]}}