Oct 27 market update: USO ETF posts largest move at 20:00 UTC

Where prices stand

The USO ETF, which tracks WTI Crude Oil, fell 1.41% from the prior close to $163.88. The GLD ETF, which tracks Gold, rose 1.21% from the prior close to $372.26. The SPY ETF, which tracks the S&P 500, rose 0.58% from the prior close to $769.80. The UUP ETF, which tracks the US Dollar Index, rose 0.38% from the prior close to $29.12. Three of the four tracked markets were higher. All prices are as of Oct 27, 20:00 UTC and sourced from Finnhub.

Trend check

WTI Crude Oil shows a bullish trend signal with RSI(14) at 62.5. Its last close is 107.89, with a 50-day simple moving average of 94.53 and a long-term SMA of 86.42; these values come from the WTI trend signal.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 26, 22:41 UTC); it is not a recommendation.

In the news

The U.S. Commodity Futures Trading Commission announced semiweekly publication of the COT Report, according to the U.S. Commodity Futures Trading Commission. CoinDesk reported that Brazilian companies turned to stablecoins on election day to dodge a currency crash. Reuters reported Israel's shekel jumped to a five-week high amid record election turnout, and Forexlive reported Flávio Bolsonaro is reportedly en route to the United States after an election loss.

• CFTC Announces Semiweekly Publication of the COT Report — U.S. Commodity Futures Trading Commission, Oct 27, 17:47 UTC
• Brazilian companies turned to stablecoins on election day to dodge a currency crash — CoinDesk, Oct 27, 16:59 UTC
• Israel's shekel jumps to 5-week high amid record election turnout — Reuters, Oct 27, 16:20 UTC
• Flávio Bolsonaro reportedly flees Brazil for the US after election loss — Forexlive, Oct 27, 17:29 UTC

What to watch

The FOMC rate decision is scheduled for Wed Oct 28, 18:00 UTC. The ECB monetary policy decision is scheduled for Thu Oct 29, 13:15 UTC. Personal income and outlays / PCE and GDP are scheduled for Thu Oct 29 (time not confirmed). The Employment Cost Index is scheduled for Fri Oct 30, 12:30 UTC.

• Wed Oct 28, 18:00 UTC — FOMC rate decision (US) (source)
• Thu Oct 29 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)
• Thu Oct 29 (time not confirmed) — Personal income and outlays / PCE (BEA) (US) (source)
• Thu Oct 29 (time not confirmed) — GDP (BEA) (US) (source)
• Thu Oct 29, 13:15 UTC — ECB monetary policy decision (EU) (source)
• Fri Oct 30, 12:30 UTC — Employment Cost Index (US) (source)

Sources and data

• U.S. Commodity Futures Trading Commission (primary source) — CFTC Announces Semiweekly Publication of the COT Report
• CoinDesk (secondary source) — Brazilian companies turned to stablecoins on election day to dodge a currency crash
• Reuters (secondary source) — Israel's shekel jumps to 5-week high amid record election turnout
• Forexlive (secondary source) — Flávio Bolsonaro reportedly flees Brazil for the US after election loss
• Finnhub (market data) — market data
• U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
• Federal Reserve (primary source) — calendar
• U.S. Energy Information Administration via FRED (primary source) — calendar
• European Central Bank (euro reference rates) (primary source) — calendar
• U.S. Bureau of Labor Statistics (primary source) — calendar
• Bank of England (primary source) — calendar

Market data as of Oct 27, 20:00 UTC; report generated Oct 27, 20:00 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.