Macro Outlook - 30 June 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.
