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Tech stocks led a global equity selloff after disappointing earnings, with the Nasdaq 100 falling more than 3%. Gold dropped more than 3% to around $3,800 an ounce, its lowest in a year, while oil prices tracked higher and currencies were contained.
Markets still price roughly an 80% chance of a December Fed hike.
Risk-off equity moves and a hawkish Fed outlook strengthen the dollar and weigh on precious metals, while higher oil keeps energy costs elevated for feed and freight inputs.
interest.co.nzStuart RitsonNov 1, 2026After 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 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.
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.
