
Markets are watching the scheduled October US CPI and PPI releases and comments from Federal Reserve officials for clues on interest rates. A stronger-than-expected jobs report lifted the dollar after it had initially weakened following the midterm results, while hopes for an Iran settlement contributed to a sharp repricing of oil.
Inflation data and Fed expectations may shift the dollar and financing conditions, while any easing of Iran-related supply concerns could weigh on crude prices. Lower oil can reduce energy costs, though the article gives no specific feed-market supply or demand change.
After 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 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.