USO ETF leads moves as SPY ETF and GLD ETF rise at 17:00 UTC

Where prices stand

According to Finnhub, the USO ETF fell 1.07% from the prior close to $167.71, the largest move among tracked instruments. The SPY ETF rose 0.69% from the prior close to $765.24. The GLD ETF rose 0.52% from the prior close to $368.51. The UUP ETF rose 0.21% from the prior close to $29.02. All prices are as of Oct 26, 17:00 UTC.

Trend check

Trend data were available for WTI Crude Oil: the signal status is bullish with RSI(14) 62.5, close 107.89, SMA50 94.53 and longSma 86.42 as reference points only.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 25, 22:40 UTC); it is not a recommendation.

In the news

The U.S. Commodity Futures Trading Commission reported a memorandum of understanding with the National Basketball Association to protect integrity in professional basketball. CoinDesk published an item on a $68 million bitcoin bet targeting a post-midterm election breakout and another piece noting bitcoin holds near $80,000 as oil retreats and the Fed decision looms. Yahoo ran an item linking big tech earnings, the Fed decision and inflation as tests for bitcoin.

• CFTC and National Basketball Association Sign MOU to Protect Integrity in Professional Basketball — U.S. Commodity Futures Trading Commission, Oct 26, 14:00 UTC
• A $68 million bitcoin bet is targeting a post-midterm election breakout to $90,000 — CoinDesk, Oct 26, 11:53 UTC
• Bitcoin holds near $80,000 as oil retreats and the Fed decision looms — CoinDesk, Oct 26, 11:24 UTC
• $8 Trillion in Big Tech Earnings, Fed Decision and Inflation Data: Bitcoin's Next Big Test? — Yahoo, Oct 26, 15:32 UTC

What to watch

The FOMC rate decision is scheduled Wed Oct 28, 18:00 UTC; personal income and outlays / PCE is scheduled Thu Oct 29 (time not confirmed); GDP is scheduled Thu Oct 29 (time not confirmed); and the ECB monetary policy decision is scheduled Thu Oct 29, 13:15 UTC.

• Tue Oct 27 (time not confirmed) — Housing starts and permits (Census) (US) (source)
• 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)

Sources and data

• U.S. Commodity Futures Trading Commission (primary source) — CFTC and National Basketball Association Sign MOU to Protect Integrity in Professional Basketball
• CoinDesk (secondary source) — A $68 million bitcoin bet is targeting a post-midterm election breakout to $90,000
• Yahoo (secondary source) — $8 Trillion in Big Tech Earnings, Fed Decision and Inflation Data: Bitcoin's Next Big Test?
• 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 26, 17:00 UTC; report generated Oct 26, 17:10 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.