Macro Outlook - 20 October 2025
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 Rest/Up (40D trough). Gold Rest/Up (80D trough). Oil Down/Reverse (80D trough). Copper Down (80D trough). USDJPY Up (40D trough). EURUSD Up/Down (20D peak). S&P500 Up (40D trough). Nikkei Up (20D trough). Bitcoin Up (40D trough). Treasuries Down (40D peak).