Nov 10 Market update: GLD ETF leads losses; UUP ETF higher at 18:00 UTC

Where prices stand

The GLD ETF fell 2.98% from the prior close to $368.21; the UUP ETF rose 0.72% from the prior close to $29.18; the SPY ETF fell 0.87% from the prior close to $746.11; and the USO ETF fell 0.84% from the prior close to $141.46, as of Nov 10, 18:16 UTC. Finnhub.

Trend check

Finnhub shows WTI Crude Oil's status as neutral with RSI(14) 47.3; its close is 99.64 versus SMA50 98.25 and longSma 88.71. No trend signals were available for the SPY ETF, the UUP ETF or the GLD ETF in the provided indicators.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Nov 9, 22:40 UTC); it is not a recommendation.

In the news

The European Central Bank published two speeches — Philip R. Lane on monetary policy communication and Piero Cipollone on cash and the digital euro — both from the European Central Bank. Reuters reported "Wall St opens lower after October's hot inflation print." cnbc.com published "Consumer prices rose 0.4% in October, more than expected, complicating Fed's inflation fight."

• Philip R. Lane: The science and practice of monetary policy communication: the ECB experience — European Central Bank, Nov 10, 16:45 UTC
• Piero Cipollone: Cash and the digital euro: two sides of the same coin — European Central Bank, Nov 10, 14:00 UTC
• Wall St opens lower after October's hot inflation print — Reuters, Nov 10, 14:35 UTC
• Consumer prices rose 0.4% in October, more than expected, complicating Fed's inflation fight — cnbc.com, Nov 10, 13:56 UTC

What to watch

Weekly jobless claims (DOL) is scheduled Thu Nov 12 (time not confirmed) (source: fred), and the Producer Price Index is scheduled Fri Nov 13, 13:30 UTC (source: bls); both are US macro releases.

• Thu Nov 12 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)
• Fri Nov 13, 13:30 UTC — Producer Price Index (US) (source)

Sources and data

• European Central Bank (primary source) — Philip R. Lane: The science and practice of monetary policy communication: the ECB experience
• Reuters (secondary source) — Wall St opens lower after October's hot inflation print
• cnbc.com (secondary source) — Consumer prices rose 0.4% in October, more than expected, complicating Fed's inflation fight
• 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
• U.S. Bureau of Labor Statistics (primary source) — calendar
• Federal Reserve (primary source) — calendar
• Bank of England (primary source) — calendar
• European Central Bank (euro reference rates) (primary source) — calendar

Market data as of Nov 10, 18:16 UTC; report generated Nov 10, 18:20 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.