
Forecasters expect US nonfarm payrolls to rise to 65,000 in October with unemployment steady at 4.2%, a result that would keep the Fed on track for further rate increases. Other data due that week include job openings, manufacturing activity, trade figures and third-quarter productivity.
Stronger labor data and expected Fed hikes support the dollar and pressure commodity prices priced in dollars, while higher rates raise financing costs for feed buyers.
After 53 past bullish report events, US Dollar (Broad) moved a median +0.1% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.5% 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.