Macro Outlook - 30 June 2025

Macro Outlook Jun 30, 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 continue to look for an 80 day cycle trough in the US Dollar and Japanese yen which we believe will lead to a macro rotation. Meanwhile ES, EUR, Copper and Bitcoin push higher.

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.

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Macro Outlook - 29 July 2025

The US Dollar has regained the longer uptrend in force. Gold is falling towards next 80 day trough. Oil and Copper are heavy. JPY approaching a 40 day peak. EUR collapsed out of an early 80 day peak. SPX 80 day peak zone. NKY already passed one. Bitcoin trying to base at 40 day trough. ...

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Macro Outlook - 21 July 2025

We will hold off on S&P500 E-minis (ES). We need a little more price action to evaluate the 80 day cycle peak zone test we have been looking at last week. ...

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Macro Outlook - 14 July 2025

The US Dollar looks to have formed a major low (40 week cycle), but there is some conflict with EURUSD analysis. S&P500 E-minis strategically still higher (see last week's analysis) but near term we look to be in an 80 day cycle peak zone ...

15 days ago • 3 min read

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Christopher Grafton CMT

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