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Marc Chandler previews the week ahead, covering China's PMI, eurozone CPI and GDP, US employment reports and upcoming central bank meetings. He notes that Brent oil gained about 9.4% in October and that Dutch natural gas fell around a third.
The Fed and BOE hikes support the dollar, while the energy moves shape input costs and freight for feed commodities.
investing.comOct 30, 2022After 54 past neutral macro events, Crude Oil (Brent) moved a median +0.4% over 5 sessions (57% higher; middle half -2.8% to +2.5%), and +0.6% over 20.
After 59 past bearish macro events, Natural Gas moved a median +1.3% over 5 sessions (58% higher; middle half -5.0% to +5.2%), and -2.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
