The Macro Brief - 13 October 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 Macro Brief is an excerpt from our weekly Macro Outlook newsletter. Today we are highlighting Gold and EURUSD.
General outlook: 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.
Gold - still pushing, but near 80 day cycle peak zone. Turn.
An 80 day cycle trough is due just after mid-October so we need an 80 day cycle peak before then.
EURUSD - falling into an 80 day cycle trough zone. Down.
We are close in time terms to an 80 day cycle trough, but expect further downside near term.
