Macro Outlook - 31 July 2026

Macro Outlook Jul 31, 2026

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 Down (-> 20D trough). Gold Up (-> 40D peak). Oil Down (-> 40D trough). Copper Up (-> 40D peak). USDJPY Down (-> 20D trough). EURUSD Up (-> 20D peak). SPX E-minis Up (-> 20D trough). Nikkei futures Up (-> 40D peak). Bitcoin Up (-> 40D trough).

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.

Recommended for you

Macro Outlook

Macro Outlook - 20 July 2026

US Dollar Up (80D trough). Gold Up (20D trough). Oil Up (->20D peak). Copper Down (-> 20D trough). USDJPY Down (->80D trough). EURUSD Down (-> 80D trough). SPX E-minis Down (-> 40D trough). Nikkei futures Down (-> 40D trough). Bitcoin Up (20D trough). US Treasury Notes Up (->20D peak). ...

11 days ago • 3 min read

Macro Outlook

Macro Outlook - 13 July 2026

US Dollar SmallDown (->80D trough). Gold Down (->20D trough). Oil Up (->20D peak). Copper Up (-> 80D peak). USDJPY SmallDown (->80D trough). EURUSD Down (-> 20D trough). SPX E-minis Up (-> 80D peak). Nikkei futures Up (20D trough). Bitcoin Up (-> 20D peak). US Treasury Notes Up (20D trough). ...

18 days ago • 3 min read

Macro Outlook

Macro Outlook - 6 July 2026

US Dollar Up (10D trough). Gold SmallUp (80D trough). Oil Pause (80D trough). Copper Up (-> 20D peak). USDJPY Up (80D trough). EURUSD SmallUp (80D trough). SPX E-minis Up (-> 40D peak). Nikkei futures Up (20D trough). Bitcoin Up (-> 20D peak). US Treasury Notes Up (-> 20D peak). ...

25 days ago • 3 min read

The good stuff straight to your inbox!

Christopher Grafton CMT

Recommended for you

Macro Outlook - 20 July 2026

Macro Outlook - 13 July 2026

Macro Outlook - 6 July 2026