SPY ETF leads gains while USO and GLD ETFs fall

Where prices stand

Finnhub shows that, as of Oct 19, 16:00 UTC, the following moves are from the prior close: the SPY ETF rose 0.82% to $769.51; the UUP ETF rose 0.21% to $28.98; the GLD ETF fell 0.63% to $379.60; and the USO ETF fell 0.74% to $160.57. The SPY ETF’s gain was the largest among the four tracked ETFs at that time.

Trend check

Finnhub trend signals show WTI Crude Oil is bullish with RSI(14) 58.5; its close is 101.91, the 50-day SMA is 92.59 and the longer SMA is 85.49. These figures are presented as reference points and are not forecasts.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 18, 22:40 UTC); it is not a recommendation.

In the news

Reuters reported that a Russia sanctions waiver linked to trade and energy relations involving India was in the headlines. Yahoo published 'Will the Fed Raise Rates This Month? Here's What Markets Say.' noting 'The latest inflation data suggests another rate hike this month.' Forexlive ran a technical piece titled 'USDCAD bounces after softer CPI data but they have work to do.'

• Trump's Russia sanctions waiver eases India's energy woes, lifts trade deal chances — Reuters, Oct 19, 11:36 UTC
• Will the Fed Raise Rates This Month? Here's What Markets Say. — Yahoo, Oct 19, 13:42 UTC
• USDCAD bounces after softer CPI data but they have work to do. — Forexlive, Oct 19, 13:29 UTC
• Asian Shares are Mixed with Tech Stocks Volatile , and Oil Falls on Trump Russian Sanctions Waiver — english.aawsat.com, Oct 19, 11:15 UTC (also reported by thegazette.com, dailyadvance.com)

What to watch

Housing starts and permits (Census) is scheduled Tue Oct 20 (time not confirmed), according to fred; weekly jobless claims (DOL) is scheduled Thu Oct 22 (time not confirmed), according to fred. Market participants may mark those releases on their calendars.

• Tue Oct 20 (time not confirmed) — Housing starts and permits (Census) (US) (source)
• Thu Oct 22 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)

Sources and data

• Reuters (secondary source) — Trump's Russia sanctions waiver eases India's energy woes, lifts trade deal chances
• Yahoo (secondary source) — Will the Fed Raise Rates This Month? Here's What Markets Say.
• Forexlive (secondary source) — USDCAD bounces after softer CPI data but they have work to do.
• english.aawsat.com (secondary source) — Asian Shares are Mixed with Tech Stocks Volatile , and Oil Falls on Trump Russian Sanctions Waiver
• 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 19, 16:00 UTC; report generated Oct 19, 16:10 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.