Market update: SPY, UUP, GLD and USO

Where prices stand

Gold led moves: the GLD ETF fell 2.78% from the prior close to $355.01 (five-session change -1.97%), the USO ETF rose 2.24% from the prior close to $144.64 (five-session change -3.61%), the UUP ETF rose 0.24% from the prior close to $29.42 (five-session change +1.56%) and the SPY ETF rose 0.16% from the prior close to $761.02 (five-session change -0.91%). All prices are as of Nov 12, 18:00 UTC (GLD at 18:01 UTC).

Trend check

WTI Crude Oil shows a neutral status with RSI(14) 47.3, close 99.64, SMA50 98.25 and longSma 88.71. Trend, RSI(14) and moving-average data were unavailable for the SPY ETF, the UUP ETF and the GLD ETF.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Nov 11, 22:40 UTC); it is not a recommendation.

In the news

Federal Reserve reported an enforcement action with a former employee of United Community Bank. CoinDesk published an opinion on the next Congress writing rules for AI and emerging tech; Forexlive reported the US dollar moves higher as Treasury yields extend their gains and that US weekly initial jobless claims were 200K.

• Federal Reserve Board issues enforcement action with former employee of United Community Bank — Federal Reserve, Nov 12, 16:00 UTC
• The next Congress will write rules for AI and emerging tech. They should use the stuff first. — CoinDesk, Nov 12, 14:24 UTC
• The US dollar moves higher as Treasury yields extend their gains — Forexlive, Nov 12, 16:03 UTC
• US weekly initial jobless claims 200K vs 195K expected — Forexlive, Nov 12, 13:30 UTC

What to watch

The US Producer Price Index is scheduled for Fri Nov 13, 13:30 UTC, according to bls.

• Fri Nov 13, 13:30 UTC — Producer Price Index (US) (source)

Sources and data

• Federal Reserve (primary source) — Federal Reserve Board issues enforcement action with former employee of United Community Bank
• CoinDesk (secondary source) — The next Congress will write rules for AI and emerging tech. They should use the stuff first.
• Forexlive (secondary source) — The US dollar moves higher as Treasury yields extend their gains
• Finnhub (market data) — market data
• U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
• U.S. Bureau of Labor Statistics (primary source) — calendar
• U.S. Energy Information Administration via FRED (primary source) — calendar
• Bank of England (primary source) — calendar
• European Central Bank (euro reference rates) (primary source) — calendar

Market data as of Nov 12, 18:01 UTC; report generated Nov 12, 18:10 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.