Macro Outlook - 10 August 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).