Rand firmer and gold off one-year low as oil slides on hopes of Iran deal

After 312 past bearish macro events, BRENT moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.

• Jul 6, 2022Oil slides 2% to 12-week low on fears of global recession-3.2%
• Aug 21, 2023Crude oil settles lower as hope fades for Chinese demand-0.5%
• Dec 15, 2022Oil prices slid 2% as dollar firms and central banks hike interest rates-2.2%
• Mar 20, 2026Grain Futures Slid As Oil Paused And The Dollar Firmed - Finimize+0.8%
• Oct 16, 2024Oil prices hold at 2-week low on lower oil demand growth forecasts+2.5%

After 565 past bearish macro events, WTI moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Jul 6, 2022Oil slides 2% to 12-week low on fears of global recession-3.8%
• Dec 7, 2022Canadian dollar holds near one-month low as Bank of Canada rate hike boost fades - The Globe and Mail+0.5%
• Aug 21, 2023Crude oil settles lower as hope fades for Chinese demand-1.2%
• Dec 15, 2022Oil prices slid 2% as dollar firms and central banks hike interest rates+1.3%
• Mar 20, 2026Grain Futures Slid As Oil Paused And The Dollar Firmed - Finimize-0.5%

Not enough comparable past events yet for a historical read.

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

• Jan 24, 2017Rand firmer after Sarb keeps rates on hold - Moneyweb-0.4%
• Nov 28, 2025Dollar Finishes Lower and Gold Rallies on Fed Rate Cut Expectations-0.5%
• Dec 11, 2019Dollar slips to 4-month low as Fed holds rates, nixes hike hopes-0.6%
• Jul 16, 2024Gold sprints to all-time high as Fed rate-cut hopes boost demand+0.5%
• Aug 1, 2023Gold scales 1-month peak as dollar, yields drop on rate-hike pause hopes+1.1%