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.

205 recent posts in this collection

Macro Outlook - 18 August 2025

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

a day 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. ...

8 days 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 ...

15 days 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. ...

21 days ago • 3 min read

Macro Outlook - 21 July 2025

We will hold off on S&P500 E-minis (ES). We need a little more price action to evaluate the 80 day cycle peak zone test we have been looking at last week. ...

a month ago • 3 min read

Macro Outlook - 14 July 2025

The US Dollar looks to have formed a major low (40 week cycle), but there is some conflict with EURUSD analysis. S&P500 E-minis strategically still higher (see last week's analysis) but near term we look to be in an 80 day cycle peak zone ...

a month ago • 3 min read

Macro Outlook - 7 July 2025

The US Dollar and JPY look to have turned a corner. ES is due a reset but the overall price path is ever higher. Bitcoin as well. Copper just put in an 80 day cycle peak and Oil is falling towards its next 40 day cycle trough ...

a month ago • 4 min read

10 Year Treasury futures - 2 July 2025

10 Year Treasury futures (TY) - 80 day cycle peak in place? ...

2 months ago • 1 min read

Macro Outlook - 30 June 2025

We continue to look for an 80 day cycle trough in the US Dollar and Japanese yen which we believe will lead to a macro rotation. Meanwhile ES, EUR, Copper and Bitcoin push higher ...

2 months ago • 4 min read

US Dollar update - 26 June 2025

US Dollar - 80 day cycle trough has been pushed forward but is close ...

2 months ago • 1 min read