The Macro Brief - 7 September 2026

Analysis & Learning Sep 7, 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 Gold and the Nikkei.

General outlook: Gold (80D trough?). Nikkei futures Up (40D trough).

Gold - 80 day cycle trough in place?

As for the Dollar, it could be that the last major low was that or an 80 day cycle trough. Or it could be that one is just about to form.

Nikkei futures (NI) - 40 day cycle trough looks to be in place. Up.

A 40 day cycle trough looks to have formed.

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.