Macro Outlook - 29 September 2025

Macro Outlook Sep 29, 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 and USDJPY moving into 20 day cycle troughs. Gold still up. Oil down into 40 day trough. Copper and EURUSD possible early 80 day troughs. SPX and Nikkei 40 day troughs next. Bitcoin formed early 40 day trough. Ten year notes need confirmation of 80 day cycle trough.

David Hickson

David is a writer, filmmaker and entrepreneur who has been trading financial markets for 30 years. He is the creator of Sentient Trader, the premier Hurst analysis software for professional traders.

Recommended for you

Macro Outlook

Macro Outlook - 22 September 2025

US Dollar and USDJPY bouncing out of 80 day cycle troughs. Gold up. Oil struggling to confirm 80 day trough. Copper and EURUSD dropping to 80 day troughs. SPX, Nikkei, Bitcoin all formed 20 day troughs in new 20 week cycle. Ten year notes looking for 80 day cycle trough ...

11 days ago • 3 min read

Macro Outlook

Macro Outlook - 15 September 2025

US Dollar and USDJPY being pulled lower by coming 80 day cycle trough. Gold up. Oil bottoming? Copper soft then push again. EURUSD pushing to 80 day cycle peak. SPX, Nikkei, Bitcoin all take off in new 20 week cycle upswing. Ten year notes: 80 day cycle peak in ...

18 days ago • 3 min read

Macro Outlook

Macro Outlook - 8 September 2025

US Dollar one push down to 80 day cycle trough. Gold 40 day cycle peak zone. Oil looks like 80 day trough zone. USDJPY struggling. EUR last push then down. SPX e-minis question-mark over 80 day trough location. Bitcoin 80 day cycle trough a little lower but close ...

25 days ago • 3 min read

The good stuff straight to your inbox!

David Hickson

Recommended for you

Macro Outlook - 22 September 2025

Macro Outlook - 15 September 2025

Macro Outlook - 8 September 2025