USO ETF up 7.25% over five sessions as SPY ETF edges higher

Where prices stand

Where prices stand As of Oct 20, 17:00 UTC the biggest intraday move was in gold: the GLD ETF fell 0.51% from the prior close to $377.75. The SPY ETF rose 0.29% from the prior close to $768.73. The UUP ETF fell 0.28% from the prior close to $28.92. The USO ETF fell 0.22% from the prior close to $160.46 and shows a five-session change of +7.25%. Prices per Finnhub.

Trend check

Trend check WTI Crude Oil carries a bullish status with RSI(14) at 58.5; its reported close was 101.91, SMA50 is 92.59 and the long SMA is 85.49, per Finnhub.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 19, 22:40 UTC); it is not a recommendation.

In the news

In the news The U.S. Securities and Exchange Commission reported it entered into a Memorandum of Understanding with France’s AMF to facilitate consultation and information-sharing. The SEC also reported it and Japan’s Financial Services Agency convened the Autumn SEC–FSA Financial Regulatory Dialogue in Tokyo. CoinDesk reported France’s parliament approved a vote to levy a 31% capital gains tax on crypto-to-stablecoin trades, and Yahoo ran an article headlined, “The $1 Trillion AI Spending Boom Could Force the Fed to Raise Rates — and You and I May Pay the Price.”

• SEC and AMF Announce Supervisory MOU To Enhance Cooperation for Investment Advisers and Investment Service Providers — U.S. Securities and Exchange Commission, Oct 20, 13:25 UTC
• SEC, FSA Hold Autumn Financial Regulatory Dialogue — U.S. Securities and Exchange Commission, Oct 20, 12:51 UTC
• France's parliament approves vote to hit stablecoin trades with 31% capital gains tax — CoinDesk, Oct 20, 11:25 UTC
• The $1 Trillion AI Spending Boom Could Force the Fed to Raise Rates — and You and I May Pay the Price — Yahoo, Oct 20, 15:40 UTC

What to watch

What to watch Weekly jobless claims (DOL) is scheduled Thu Oct 22 (time not confirmed). The University of Michigan consumer sentiment release is scheduled Fri Oct 23 (time not confirmed).

• 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

• U.S. Securities and Exchange Commission (primary source) — SEC and AMF Announce Supervisory MOU To Enhance Cooperation for Investment Advisers and Investment Service Providers
• CoinDesk (secondary source) — France's parliament approves vote to hit stablecoin trades with 31% capital gains tax
• Yahoo (secondary source) — The $1 Trillion AI Spending Boom Could Force the Fed to Raise Rates — and You and I May Pay the Price
• 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 20, 17:00 UTC; report generated Oct 20, 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.