Automated Regime Commentary — Week of August 21, 2026
USD Impact Score: −0.72 | Soft dollar regime
This commentary is generated automatically from the same weekly score data used by the dashboard. It adds no external market-event claims and makes no forecast.
What the score is saying
The score is −0.72, with a week-over-week change of −0.12 and a four-week change of −0.28. The regime remains Soft dollar regime. Across the eight inputs, 3 contribute toward a firmer-dollar reading and 5 toward a softer-dollar reading.
What is driving the reading
- gold: z-score +2.99; score contribution −0.374, a softer-dollar contribution.
- S&P 500: z-score +2.53; score contribution −0.316, a softer-dollar contribution.
- U.S. 10-year Treasury yield: z-score +1.66; score contribution +0.208, a firmer-dollar contribution.
These are the three largest absolute contributions in the current calculation. Each component is standardized and receives the same fixed transmission weight every week.
What the score is not saying
The framework does not predict next week’s return for the dollar or any component asset. A positive reading describes a cross-asset configuration associated with firmer-dollar transmission; a negative reading describes one associated with softer-dollar transmission. It does not establish timing, causality or a trade.
What to watch over the coming week
Watch whether the dominant components retain their current standardized positions and whether the reading broadens across more inputs or narrows around one outlier. The nearest regime boundary is −1.00. The dashboard label changes only after a completed weekly observation moves through a boundary.
Methodology reminder
The USD Impact Score combines DXY, WTI, S&P 500, VIX, Bitcoin, gold and the U.S. 2-year and 10-year Treasury yields. Inputs are z-scored against the full sample, clipped at ±3.5 standard deviations and combined with fixed transmission-logic weights. The same calculation is used every week.
Automated Regime Commentary is educational and informational. It is not investment advice, a trading signal or a recommendation to buy or sell any asset. Historical results do not indicate future results.
Automated Regime Commentary — Week of August 21, 2026
USD Impact Score: −0.72 | Soft dollar regime
This commentary is generated automatically from the same weekly score data used by the dashboard. It adds no external market-event claims and makes no forecast.
What the score is saying
The score is −0.72, with a week-over-week change of −0.12 and a four-week change of −0.28. The regime remains Soft dollar regime. Across the eight inputs, 3 contribute toward a firmer-dollar reading and 5 toward a softer-dollar reading.
What is driving the reading
- gold: z-score +2.99; score contribution −0.374, a softer-dollar contribution. - S&P 500: z-score +2.53; score contribution −0.316, a softer-dollar contribution. - U.S. 10-year Treasury yield: z-score +1.66; score contribution +0.208, a firmer-dollar contribution.
These are the three largest absolute contributions in the current calculation. Each component is standardized and receives the same fixed transmission weight every week.
What the score is not saying
The framework does not predict next week’s return for the dollar or any component asset. A positive reading describes a cross-asset configuration associated with firmer-dollar transmission; a negative reading describes one associated with softer-dollar transmission. It does not establish timing, causality or a trade.
What to watch over the coming week
Watch whether the dominant components retain their current standardized positions and whether the reading broadens across more inputs or narrows around one outlier. The nearest regime boundary is −1.00. The dashboard label changes only after a completed weekly observation moves through a boundary.
Methodology reminder
The USD Impact Score combines DXY, WTI, S&P 500, VIX, Bitcoin, gold and the U.S. 2-year and 10-year Treasury yields. Inputs are z-scored against the full sample, clipped at ±3.5 standard deviations and combined with fixed transmission-logic weights. The same calculation is used every week.
Automated Regime Commentary is educational and informational. It is not investment advice, a trading signal or a recommendation to buy or sell any asset. Historical results do not indicate future results.