Macro Outlook - 24 February 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.
The US Dollar looks to be in an 80 day cycle trough zone and we are watching for a recovery. We see Euro down and USDJPY up as well. Conversely we see Ten Year bonds in a 40 day cycle peak zone and due a reset. Gold is perched precariously in a 20 week cycle peak zone and Copper is still falling. However, Oil is in an 80 day cycle trough and downside looks limited. Bitcoin is just wandering around aimlessly but time-wise is in an 80 day cycle trough zone, so we expect limited downside.
