WCU Gold lifted by Fed dove while oil pauses

After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.

• Mar 23, 2023Gold gains amid dovish tones from Fed — Breakwave Advisors+3.1%
• Feb 2, 2019Dollar Down But Not Out after Fed, Oil Lifted Canadian, Iron Ore Boosted Australian - ActionForex-4.6%
• Oct 20, 2026Canadian dollar outlook: oil prices and Fed signals drive the loonie By Investing.com-0.2%
• Jan 10, 2023OPEC pricing power limits downside risks to oil prices, Goldman says | Financial Post+7.4%
• Mar 31, 2026Dovish Fed Repricing Favors Gold - ADM Investor Services+9.6%

After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.

• Sep 14, 2026Dollar gains as Middle East conflict lifts oil, Fed hike looms By Reuters+0.3%
• Jan 10, 2023OPEC pricing power limits downside risks to oil prices, Goldman says | Financial Post+6.9%
• Jul 27, 2017FOMC Deflates Dollar Inflates Oil And Gold - ActionForex+3.4%
• Feb 28, 2022Ringgit opens firmer against US dollar, supported by oil prices | Malay Mail+23.1%
• Apr 25, 2024Oil Futures Up, Shake Off Weakness Spurred by GDP Surprise-5.7%

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.

• Nov 24, 2023Gold leaps above $2,000 as dollar weakens on Fed pause bets | Reuters-0.4%
• Aug 28, 2020Gold surges over 2% on waning dollar, Fed policy shift - The Business Times-0.5%
• May 4, 2023Outlook on gold as it hits record high, while USD and oil fall after Fed decision | IG International-0.5%
• Jan 11, 2019Gold shines on weak dollar, Fed chief's dovish tone on rate hike+0.4%
• Oct 31, 2019Federal Reserve hints for a pause ahead, rupee backed by oil, dollar index and domestic inflows while Brexit uncertainty continues - CNBC TV18-0.1%