Macro Outlook - 15 September 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 Up (80D trough). Gold Down (->20D trough). Oil Up (-> 80D peak). Copper Up (80D trough). USDJPY Up ( 40D trough). EURUSD Down (40D trough). SPX E-minis Up (80D trough). Nikkei futures Down (-> 80D trough). Bitcoin Up (20D trough). Ten Year Notes (80D trough).