Macro Outlook - 23 March 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 SmallUp (->20D peak). Gold down (->40D trough). Oil Up (->40D peak). Copper Down (->40D trough). USDJPY Down (->20D trough). EURUSD Down (->20D trough). SPX E-minis SmallDown (-> 80D trough). Nikkei SmallDown (-> 80D trough). Ten Year Notes SmallDown (-> 80D trough).