Macro Outlook - 5 January 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 Up (->20D peak). Gold Up (80D trough). Oil Down (->40D trough). Copper Up (-> 20D peak). USDJPY Down (->40D trough). EURUSD Down (->80D trough). SPX E-minis Up (40D trough). Nikkei Up (->40D peak). Bitcoin Up (80D peak).