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.

219 recent posts in this collection

Macro Outlook - 18 November 2025

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

14 minutes ago • 3 min read

Macro Outlook - 10 November 2025

US Dollar SmallDown (->20D trough). Gold Up (80D trough). Oil Up (20D trough). Copper Up (80D trough). USDJPY Up (->80D peak). EURUSD Bounce? (80D trough). SPX E-minis Bounce (40D trough). Nikkei Bounce (40D trough). Bitcoin Bounce (80D trough). 10Y Notes Bounce (40D trough). ...

8 days ago • 4 min read

Macro Outlook - 3 November 2025

US Dollar Up (->80D peak). Gold reacts Up? (80D trough). Oil Up (-> 40D peak). Copper Down (-> 80D trough). USDJPY Up (->80D peak). EURUSD Down (-> 80D trough). SPX ES-minis Down (= 80D peak?). Nikkei (->20W peak) Down. Bitcoin Down (-> 80D trough). ...

15 days ago • 3 min read

Macro Outlook - 27 October 2025

US Dollar Up (->80D peak). Gold reacts Up? (80D trough). Oil Up (new 80D cycle). USDJPY small Up? (->80D peak). SPX ES1 (->80D peak) Stall. Nikkei (->20W peak) Down reversal. Bitcoin (-> 40D peak) small Up. 10Y notes (-> 40D trough) small Down. ...

22 days ago • 3 min read

Macro Outlook - 20 October 2025

US Dollar Rest/Up (40D trough). Gold Rest/Up (80D trough). Oil Down/Reverse (80D trough). Copper Down (80D trough). USDJPY Up (40D trough). EURUSD Up/Down (20D peak). S&P500 Up (40D trough). Nikkei Up (20D trough). Bitcoin Up (40D trough). Treasuries Down (40D peak). ...

a month ago • 3 min read

Natural Gas - 15 October 2025

Natural Gas - Approaching a counter-trend 20 day cycle trough. ...

a month ago • 1 min read

Macro Outlook - 13 October 2025

US Dollar and JPY continue higher, but nearing 40 day peak. Gold pushing but in 80 day peak zone. Oil possibly in 80 day trough. Euro pushing lower to 80 day trough. S&P500 and Bitcoin 40 day troughs just in? Nikkei looking for 20 day trough. ...

a month ago • 3 min read

Macro Outlook - 6 October 2025

USD major new cycle and JPY breakout. Gold pushing, but nearing 80D peak. Copper nearing 40D peak. EUR and 10 years failed 80D cycles? SPX e-minis and Nikkei still pushing higher. ...

a month ago • 3 min read

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. ...

2 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 ...

2 months ago • 3 min read