EcoDoze

EcoDoze Macro

USD Macro Bias: Balanced

Macro bias is separate from EcoDoze technical bias. Mixed data is labeled as such, not as certainty.

Inflation

Sticky

CPI y/y actual 3.08% vs forecast 3.12%. CPI y/y printed in line with the reference value.

Employment

Cooling

Nonfarm Payrolls actual 133.48k vs forecast 149.99k. Lower Nonfarm Payrolls is typically dovish for USD.

Growth

Stable

ISM Manufacturing PMI actual 49.98 vs forecast 49.81. ISM Manufacturing PMI printed in line with the reference value.

Central bank

Neutral/Hold

FOMC Rate Decision actual 4.5% vs forecast 4.5%. FOMC Rate Decision printed in line with the reference value.

Business cycle

Expansion

Growth prints are constructive and policy is not in emergency easing.

Gold / Silver ratio

84.3

Typical

Gold/Silver ratio is 84.3 using latest available prices.

Recent policy language

  • 2026-07-30 FOMC statementData-dependent hold; inflation still above target
  • 2026-06-18 Chair press conferenceLabor market cooling but not breaking
  • 2026-05-07 FOMC minutesSplit on how long to keep policy restrictive