# Stay both commodity and dollar bullish in 2017 – Goldman Sachs — Octa

> Goldman Sachs research argues that commodities and the US dollar can both rise in 2017 because oil prices and dollar strength are linked through excess savings. The report expects commodity prices to rise and forecasts $50-55 oil as the long-run equilibrium.

- Date: 2016-12-29 · published 2016-12-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/73389-stay-both-commodity-and-dollar-bullish-in-2017-goldman-sachs-octa
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A forecast of rising commodity prices alongside a firm dollar points to higher feed input costs for importers, while a stronger dollar makes US exports less competitive abroad.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-06-18 | [Goldman sees Fed-driven dip in commodities as a 'buying opportunity'](https://feedsoft.ai/events/46485-goldman-sees-fed-driven-dip-in-commodities-as-a-buying-opportunity.md) | +3.2% | +1.0% |
| WTI | 2017-04-27 | [David Rosenberg: Why I’m turning bullish on the Canadian dollar - The Globe and Mail](https://feedsoft.ai/events/71745-david-rosenberg-why-i-m-turning-bullish-on-the-canadian-dollar-the-globe-and.md) | -3.1% | +3.6% |
| WTI | 2021-05-11 | [Commodity currencies hold advantage as dollar waits for inflation and Fed \| Reuters](https://feedsoft.ai/events/47003-commodity-currencies-hold-advantage-as-dollar-waits-for-inflation-and-fed.md) | +2.0% | +8.0% |
| WTI | 2017-03-17 | [Dollar crunched by cautious Fed, bonds and commodities cheer \| Daily FT](https://feedsoft.ai/events/71922-dollar-crunched-by-cautious-fed-bonds-and-commodities-cheer-daily-ft.md) | -2.5% | +9.8% |
| WTI | 2020-05-18 | [Dollar struggles as rising oil prices lift commodity currencies](https://feedsoft.ai/events/53034-dollar-struggles-as-rising-oil-prices-lift-commodity-currencies.md) | +13.5% | +26.0% |
| BRENT | 2020-10-22 | [Goldman Sachs: Commodities bull market ahead on dollar, inflation risk](https://feedsoft.ai/events/50555-goldman-sachs-commodities-bull-market-ahead-on-dollar-inflation-risk.md) | -5.9% | +6.6% |
| BRENT | 2018-09-24 | [Goldman: Stronger dollar unlikely to derail bullish view on commodities \| Daily FT](https://feedsoft.ai/events/62956-goldman-stronger-dollar-unlikely-to-derail-bullish-view-on-commodities-daily-ft.md) | +4.9% | +1.6% |
| BRENT | 2021-06-18 | [Goldman sees Fed-driven dip in commodities as a 'buying opportunity'](https://feedsoft.ai/events/46485-goldman-sees-fed-driven-dip-in-commodities-as-a-buying-opportunity.md) | +3.8% | +1.4% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/396633/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.