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
US Dollar – 80 day cycle just bottomed?
Headline CPI came in a tad “hotter” at +0.4% and the Dollar is bid. For context and as per Monday’s macro outlook report, we think a high 80 day cycle trough is forming, with 3 October being the peak (the down penetration of the 40 day VTL proves the peak is in). The peak is heavily right translated and potentially bullish, because the 18 month cycle upswing is still in force.
We are looking higher tentatively into the next 10 day cycle peak, but need to see the 40 day VTL and 10 day FLD cleared upwards around 106.4 to project to around 107.5 near term.
This post was first published on Hurst Cycles Notes.
