Market update: GLD ETF down 2.55% as USO ETF rises

Where prices stand

Finnhub shows the biggest move was the GLD ETF, which fell 2.55% from the prior close to $369.27. The USO ETF rose 1.82% from the prior close to $162.71. The SPY ETF fell 1.47% from the prior close to $761.76. The UUP ETF fell 0.07% from the prior close to $28.90. All prices are as of Oct 22, 19:00 UTC.

Trend check

WTI Crude Oil is bullish with an RSI(14) of 58.5. Its last close was 101.91, above the 50-day simple moving average at 92.59 and the long SMA at 85.49. These values describe the current indicator readings for WTI Crude Oil and are presented as reference points only.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 21, 22:40 UTC); it is not a recommendation.

In the news

CNBC reported 'Jobless claims near the lowest since the 1960s as low-fire trend continues', noting initial filings for unemployment insurance slipped to a seasonally adjusted 194,000. CoinDesk reported 'Irish central bank fines Coinbase Ireland $3.6 million over fund safeguarding failures'. Forexlive reported 'US treasury excels $26 billion of five-year tips at a high yield of 2.367%'.

• Jobless claims near the lowest since the 1960s as low-fire trend continues — CNBC, Oct 22, 13:21 UTC
• Irish central bank fines Coinbase Ireland $3.6 million over fund safeguarding failures — CoinDesk, Oct 22, 15:40 UTC
• US treasury excels $26 billion of five-year tips at a high yield of 2.367% — Forexlive, Oct 22, 17:07 UTC
• History shows why Treasury yields may have already peaked — businessinsider.com, Oct 22, 16:29 UTC

What to watch

The University of Michigan consumer sentiment release, a US macro item marked medium importance, is scheduled for Fri Oct 23 (time not confirmed), with no consensus listed; it is the lone upcoming macro event on the calendar, according to fred.

• Fri Oct 23 (time not confirmed) — University of Michigan consumer sentiment (US) (source)

Sources and data

• CNBC (secondary source) — Jobless claims near the lowest since the 1960s as low-fire trend continues
• CoinDesk (secondary source) — Irish central bank fines Coinbase Ireland $3.6 million over fund safeguarding failures
• Forexlive (secondary source) — US treasury excels $26 billion of five-year tips at a high yield of 2.367%
• businessinsider.com (secondary source) — History shows why Treasury yields may have already peaked
• Finnhub (market data) — market data
• U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
• U.S. Energy Information Administration via FRED (primary source) — calendar
• Federal Reserve (primary source) — calendar
• European Central Bank (euro reference rates) (primary source) — calendar
• Bank of England (primary source) — calendar
• U.S. Bureau of Labor Statistics (primary source) — calendar

Market data as of Oct 22, 19:00 UTC; report generated Oct 22, 19:10 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.