Market update: USO falls while SPY and gold rise

Where prices stand

The USO ETF (tracks WTI Crude Oil) was $159.10 and fell 0.94% from the prior close. The GLD ETF (tracks Gold) was $379.14 and rose 0.39% from the prior close. The SPY ETF (tracks S&P 500; its price is NOT the S&P 500 level) was $770.89 and rose 0.24% from the prior close. The UUP ETF (tracks US Dollar Index; its price is NOT the US Dollar Index level) was $28.90 and was little changed from the prior close. Prices as of Oct 21, 13:31 UTC, per Finnhub.

Trend check

WTI Crude Oil shows a bullish status with RSI(14) 58.5; its last close was 101.91, the 50-day SMA was 92.59 and the long SMA was 85.49.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 20, 22:40 UTC); it is not a recommendation.

In the news

The European Central Bank published a speech titled "Piero Cipollone: Pontes and Appia: unlocking opportunities for banks," according to the European Central Bank. cnbc.com ran an article headlined "Treasury yields steady as investors await jobless claims, mortgage data." sana.sy ran an article headlined "Gold falls for fourth session as oil rally fuels inflation concerns," and businesstimes.com.sg reported "Indonesia central bank keeps main rate unchanged but hikes deposit facility rate , to cut RRR."

• Piero Cipollone: Pontes and Appia: unlocking opportunities for banks — European Central Bank, Oct 21, 08:00 UTC
• Treasury yields steady as investors await jobless claims, mortgage data — cnbc.com, Oct 21, 08:57 UTC
• Gold falls for fourth session as oil rally fuels inflation concerns — sana.sy, Oct 21, 10:00 UTC (also reported by thestar.com.my, english.aawsat.com)
• Indonesia central bank keeps main rate unchanged but hikes deposit facility rate , to cut RRR — businesstimes.com.sg, Oct 21, 09:30 UTC

What to watch

The Weekly jobless claims (DOL) is scheduled Thu Oct 22 (time not confirmed), and the University of Michigan consumer sentiment is scheduled Fri Oct 23 (time not confirmed), per fred.

• Thu Oct 22 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)
• Fri Oct 23 (time not confirmed) — University of Michigan consumer sentiment (US) (source)

Sources and data

• European Central Bank (primary source) — Piero Cipollone: Pontes and Appia: unlocking opportunities for banks
• cnbc.com (secondary source) — Treasury yields steady as investors await jobless claims, mortgage data
• sana.sy (secondary source) — Gold falls for fourth session as oil rally fuels inflation concerns
• businesstimes.com.sg (secondary source) — Indonesia central bank keeps main rate unchanged but hikes deposit facility rate , to cut RRR
• 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 21, 13:31 UTC; report generated Oct 21, 13:31 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.