Macro Outlook - 4 August 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.
The US Dollar is testing the first 40 day trough in the new 40 week cycle. Gold looking for an 80 day trough. Oil and Copper moving into 20 week troughs. JPY has formed the 40 day peak. EUR at a critical juncture for the 80 day cycle. SPX, NKY and Bitcoin declining into 20 week troughs.
