The Macro Brief - 19 May 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.
The Macro Brief is an excerpt from our weekly Macro Outlook newsletter. Today we are highlighting the US Dollar and 10-Year Treasury Notes.
General outlook: US Dollar Up (->20D peak). Ten Year Notes Down (->20W trough).
US Dollar - heading towards 20 day cycle peak. Up.
The new 80 day cycle is driving price towards the next 20 day cycle peak. The underlying trend is strong up - the January low was at least a 54 month cycle trough.
10 Year Treasuries - falling towards next 20 week cycle trough. Down.
Treasuries are falling hard into the next 20 week cycle trough zone.
