Macro Outlook - 28 April 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.
We see ES, NI, BTC and TY all in counter-trend 40 day cycle peak zones. The Dollar and USDJPY are trying to gain traction in new 80 day cycle upswings. Oil has merit for continued upside expansion, Gold looks to have peaked at a meaningfully high degree of magnitude.
