Macro Outlook - 10 August 2026

Macro Outlook Aug 10, 2026

You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.

US Dollar Down (-> 40D trough). Gold Up (-> 20D peak). Oil Down (-> 20D trough). Copper Up (-> 40D peak). USDJPY Up (-> 20D peak). EURUSD Up (-> 40D peak). SPX E-minis Up (-> 40D peak). Nikkei futures Up (-> 20D peak). Bitcoin Up (-> 20D peak). Ten Year Notes Up (-> 20D peak).

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.