Strong jobs data, fragile risk sentiment and a Dollar at resistance

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.

• Sep 6, 2019FOREX-U.S jobs data supports dollar as fragile risk-on mood holds-0.5%
• Jan 28, 2021South Africa's rand falls as risk-off sentiment lifts dollar+0.2%
• Nov 1, 2017Dollar rises on strong U.S. data, Fed signals | Reuters+0.1%
• Mar 21, 2024Dollar gains on risk sentiment, Swiss franc falls on surprise rate cut+0.1%
• Oct 25, 2023Dollar up as risk sentiment sours, Treasury yields rise | Reuters+0.2%

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.

• Oct 23, 2020Canadian dollar pares weekly advance, hindered by ‘fragile’ investor sentiment - The Globe and Mail-11.1%
• Jul 19, 2021U.S. dollar, yen climb as Delta variant crushes risk sentiment | Financial Post+0.6%
• May 18, 2023Oil prices settle down 1%; strong US data boosts dollar | Reuters+2.1%
• Feb 2, 2023Oil slumps on economic data, stronger U.S. dollar+2.8%
• Nov 1, 2023Oil falls to settle at 3-week low as Fed policy stance lifts dollar-4.5%

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.

• May 18, 2023Oil prices settle down 1%; strong US data boosts dollar | Reuters+1.6%
• Jun 14, 2022Fed risk drubs stocks; dollar, bond yields soar | Reuters-7.7%
• Feb 2, 2023Oil slumps on economic data, stronger U.S. dollar+2.9%
• Nov 1, 2023Oil falls to settle at 3-week low as Fed policy stance lifts dollar-5.3%
• Nov 22, 2022Oil prices retreat as investor sentiment darkens-5.2%