Two Major Surprises Today: China's PMI On The Downside And Eurozone CPI On The Ups

After 102 past neutral macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% over 20.

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• Mar 15, 2017Will A Fed Rate Hike Boost The Price Of Oil? | Investing.com-0.6%
• Sep 29, 2026Dollar firms, Aussie drops after RBA hike, and sterling slips on Burnham speech By Investing.com-1.0%
• Nov 28, 2022Canadian dollar posts biggest decline in six weeks as China outlook weighs - The Globe and Mail+4.6%

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

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• Jan 5, 2017China's Offshore Yuan is Bossing the US Dollar Around Today+0.1%
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• Oct 28, 2021Euro Has Best Day In 5 Months, While U.S. GDP Overshadows ECB | Investing.com+0.6%
• Aug 28, 2020Powell And Abe Drive Markets | Investing.com-0.5%

After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.

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• Oct 31, 2024Euro Outperforms Dollar and Pound After Inflation and GDP Surprises-1.2%
• Jul 30, 2026Euro Rises on Strong Eurozone Data and ECB Rate Hike Bets+1.4%
• Jan 31, 2022Why AUD And EUR Are Soaring Into RBA, ECB | Investing.com+2.6%
• Aug 30, 2017The ECB can do little to stop the euro’s rise | articles | ING THINK-0.7%