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Emerald expert briefing says markets have been little affected by recent monetary policy news. It states the dollar index has risen 4% since early September and Brent crude passed $60 per barrel for the first time in over two years.
A stronger dollar and firmer crude both feed into commodity pricing, though the briefing expects limited further upside in oil. Effects on feed prices are indirect.
doi.orgNov 6, 2017After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
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.
