Macro Outlook

Our weekly Macro Outlook newsletter is posted every Monday morning (or the first trading day after). Updates are posted during the week as market action unfolds.

248 recent Macro Outlook posts available

Macro Outlook - 29 September 2025

US Dollar and USDJPY moving into 20 day cycle troughs. Gold still up. Oil down into 40 day trough. Copper and EURUSD possible early 80 day troughs. SPX and Nikkei 40 day troughs next. Bitcoin formed early 40 day trough. Ten year notes need confirmation of 80 day cycle trough. ...

9 months ago • 4 min read

Macro Outlook - 22 September 2025

US Dollar and USDJPY bouncing out of 80 day cycle troughs. Gold up. Oil struggling to confirm 80 day trough. Copper and EURUSD dropping to 80 day troughs. SPX, Nikkei, Bitcoin all formed 20 day troughs in new 20 week cycle. Ten year notes looking for 80 day cycle trough ...

10 months ago • 3 min read

Macro Outlook - 15 September 2025

US Dollar and USDJPY being pulled lower by coming 80 day cycle trough. Gold up. Oil bottoming? Copper soft then push again. EURUSD pushing to 80 day cycle peak. SPX, Nikkei, Bitcoin all take off in new 20 week cycle upswing. Ten year notes: 80 day cycle peak in ...

10 months ago • 3 min read

Macro Outlook - 8 September 2025

US Dollar one push down to 80 day cycle trough. Gold 40 day cycle peak zone. Oil looks like 80 day trough zone. USDJPY struggling. EUR last push then down. SPX e-minis question-mark over 80 day trough location. Bitcoin 80 day cycle trough a little lower but close ...

10 months ago • 3 min read

Macro Outlook - 2 September 2025

Gold, EURUSD both in 40 day cycle peak zone. US Dollar, Oil, Copper, USDJPY forming pro-trend 20 day cycle troughs. SPX E-Minis, 10 Year Treasuries at 80 day cycle peaks. Nikkei to 40 day cycle trough zone. Bitcoin 80 day cycle trough forming. ...

10 months ago • 3 min read

Macro Outlook - 26 August 2025

The US Dollar, USDJPY and Oil look to be rounding a 40 day cycle trough zone and Gold a 20 day. EURUSD looks to have just stalled at a 40 day cycle peak. We think that the Nikkei and S&P500 have peaked at 80 day cycle magnitude along with Bitcoin. ...

10 months ago • 3 min read

Macro Outlook - 18 August 2025

You will come across specific terms in these notes (FLD, VTL, and so on) ...

a year ago • 3 min read

Macro Outlook - 11 August 2025

USD rounding 40 day cycle trough as is USDJPY. EUR close to topping again. Gold falling further as 40 day cycle peak posts. Copper down, Oil countertrend bump coming then down. S&P500 20 week cycle peak in? Nikkei about to happen. ...

a year ago • 3 min read

Macro Outlook - 4 August 2025

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 ...

a year ago • 4 min read

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. ...

a year ago • 3 min read