Macro Outlook - 13 July 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 SmallDown (->80D trough). Gold Down (->20D trough). Oil Up (->20D peak). Copper Up (-> 80D peak). USDJPY SmallDown (->80D trough). EURUSD Down (-> 20D trough). SPX E-minis Up (-> 80D peak). Nikkei futures Up (20D trough). Bitcoin Up (-> 20D peak). US Treasury Notes Up (20D trough).