PowerShares DB USD Bear ETF  |  NYSEARCA
52wk high:22.83
52wk low:20.18
Expense Ratio:0.75%
Div Frequency:
Div Rate (ttm):-
Yield (ttm):-
Assets (AUM):$32.92M
  • Thu, Jan. 12, 7:30 AM
    • Stocks are holding up fine, but other legs of the post-election moves in markets are continuing to unwind.
    • Among them is king dollar (UUP, UDN) - the dollar index is lower by another 0.8% this morning, and now down about 3% for the year. Excuses? Have your pick, but currently making the rounds was yesterday's Trump press conference at which no details on policy stimulus were offered. Up nearly or even more than 1% vs. the greenback this morning are the yen (NYSEARCA:FXY), loonie (NYSEARCA:FXC), euro (NYSEARCA:FXE), pound (NYSEARCA:FXB), aussie (NYSEARCA:FXA) and Swiss franc (NYSEARCA:FXF).
    • Interest rates continue to back up as well. The 10-year yield peaked near 2.60% in mid-December, trickled lower into year-end, and this morning is down another five basis points to 2.33%. TLT +0.6%, TBT -1.2% premarket
    • Then there's gold (NYSEARCA:GLD) - it stood at about $1,300 per ounce at election time and plunged to as low as about $1,135 in the weeks following. It's higher by 0.7% this morning to $1,205 per ounce - now up about $50 per ounce for the year.
    Thu, Jan. 12, 7:30 AM | 43 Comments
  • Thu, Jan. 12, 6:42 AM
    • The U.S. dollar nursed widespread losses overnight after President-elect Donald Trump's long-awaited press conference provided little clarity on future fiscal policies.
    • Most of the session discussed Russia and his potential conflicts of interest, but the defense and healthcare sectors ended the day in the red after some notable mentions.
    • Trump again criticized the cost of its F-35 program and argued the drug industry is "getting away with murder" by overcharging for medicines.
    • ETFs: UUP, UDN, USDU
    Thu, Jan. 12, 6:42 AM
  • Mon, Jan. 9, 6:30 AM
    • The dollar is likely to hit parity with the euro during 2017, according to Goldman's chief economist Jan Hatzius, driven by diverging paths for interest rates.
    • "If we are right that the Fed moves the funds rate up more than what the markets currently pricing... that's generally a relatively good indicator to watch."
    • Euro -0.1% to $1.0526.
    Mon, Jan. 9, 6:30 AM | 7 Comments
  • Tue, Jan. 3, 2:56 AM
    • The dollar index kicked off the new year by making its biggest one day gain in over two weeks, rising 0.4% to 102.63, continuing the 2016 momentum that saw it post a fourth consecutive annual rise for the first time in over 30 years.
    • Most analysts expect the greenback to continue strengthening in 2017, because the economy appears likely to withstand multiple Fed rate hikes, making it more attractive to hold dollar-denominated assets.
    • ETFs: UUP, UDN, USDU
    Tue, Jan. 3, 2:56 AM | 7 Comments
  • Dec. 26, 2016, 2:27 AM
    Dec. 26, 2016, 2:27 AM | 1 Comment
  • Dec. 23, 2016, 4:09 AM
    • It's hard to find a pulse in the currency market today as dealers pack up for the holidays, though the mood remains bullish for more dollar gains in the New Year.
    • "Yields spreads should attract more capital into the USD," said Ray Attrill, global co-head of forex at NAB.
    • The dollar index is marginally higher at 103.05 and within striking distance of the week's 103.65 peak.
    • ETFs: UUP, UDN, USDU
    Dec. 23, 2016, 4:09 AM
  • Dec. 20, 2016, 4:04 AM
    • The dollar continues to make gains after Janet Yellen told University of Baltimore graduates they are entering the strongest U.S. jobs market in a decade.
    • Although she stayed away from any mention of monetary policy, the Fed Chair said wages are picking up and there are more job openings, but cautioned that the economy still faces weak productivity and low growth.
    • U.S. dollar index +0.3% to 103.39.
    • ETFs: UUP, UDN, USDU
    Dec. 20, 2016, 4:04 AM | 1 Comment
  • Dec. 16, 2016, 5:45 AM
    • Global equity markets are stable overnight, and the euro, yen and pound all recover a bit of ground against the dollar, after the greenback surged to 14-year highs vs. the euro and a broader basket of currencies yesterday as markets repositioned for a faster pace of Fed rate hikes over the next year.
    • The yen has plunged 11% vs. the dollar since Pres.-elect Trump's election victory last month, surpassing the Mexican peso's 10% slide to become the worst performing major currency during the period.
    • The weaker yen will make Japan’s exports more competitive and could boost growth, and the Nikkei index has gained for eight straight days, but bond prices have been under pressure amid a global debt selloff.
    • In China, fears that a rising dollar will destabilize trading in the yuan has send the currency to its lowest against the dollar in more than eight years and raising concerns that outflows could increase.
    Dec. 16, 2016, 5:45 AM | 1 Comment
  • Dec. 15, 2016, 11:28 AM
    • The U.S. dollar is flexing its muscles as traders settle in following yesterday's FOMC action.
    • The WSJ Dollar Index is up 0.7% to 93 to mark a 14-year high.
    • The dollar is at an 8-year high against the Chinese yuan.
    • The euro fell sharply against the dollar to $1.0442.
    Dec. 15, 2016, 11:28 AM | 10 Comments
  • Dec. 12, 2016, 1:33 PM
    • The greenback (UUP -0.6%) today is slumping the most since September, reports Bloomberg, possibly as satiated bulls lighten up ahead of what's universally expected to be a rate hike on Wednesday.
    • The "buy the rumor, sell the news" mood seems likely to continue at least all the way through that Wednesday announcement.
    • ETFs: UUP, UDN, USDU
    Dec. 12, 2016, 1:33 PM | 4 Comments
  • Dec. 8, 2016, 7:53 AM
    • The ECB just announced a slowing of monthly asset purchases to €60B per month (from €80B) beginning in April.
    • Bond yields are spiking higher in Europe and here, with the 10-year U.S. Treasury yield up six basis points to 2.40%. TLT -1.1%, TBT +2.2%
    • The dollar index (UUP, UDN) is down 0.55% premarket.
    Dec. 8, 2016, 7:53 AM | 5 Comments
  • Dec. 2, 2016, 8:01 AM
    • "The bar was so low on Trump to the point people were expecting markets will go down 80% and global depression - and now this guy is the Wizard of Oz and so expectations are high," Jeff Gundlach tells Reuters. "There's no magic here."
    • Back to reality: Government programs take time to implement, rising mortgage rates aren't great for the "psyche" of the middle class, and HRC supporters are in no mood to spend money.
    • "There is going to be a buyer's remorse period," he says. Yields (TLT, TBT) have peaked and should move sideways from here, the dollar (UUP, UDN) is going to fall, and gold's (NYSEARCA:GLD) next move is higher.
    • DoubleLine Total Return Bond Fund (DBLTX, TOTL) is up 2.12% through the end of November, besting 63% of peers. On a three-year basis, it's up 3.46% annualized, topping 93% of peers.
    • Other notable funds: DBL, OPP, DBLFX
    Dec. 2, 2016, 8:01 AM | 36 Comments
  • Nov. 28, 2016, 3:37 AM
    Nov. 28, 2016, 3:37 AM | 11 Comments
  • Nov. 24, 2016, 5:37 AM
    • The dollar is climbing past more of last year's peaks against the euro, with only the March 2015 high of $1.0457 standing in the way of a push towards parity that banks are again saying is on the cards.
    • With U.S. markets out for the Thanksgiving holiday, trade will be thinner, but the dollar is expected to extend its surge after another strong batch of U.S. economic data on Wednesday.
    • The greenback is now worth more than 7.5% against a basket of major trading partners than it was three months ago.
    • ETFs: UUP, UDN, USDU
    Nov. 24, 2016, 5:37 AM | 19 Comments
  • Nov. 23, 2016, 10:30 AM
    • We'll get today's weakish data out of the way first - jobless claims unexpectedly jumped last week, and new home sales disappointed in October (and Sept.'s print was revised lower).
    • On the other hand, there was an unexpected big lift in consumer sentiment since the election, durable goods for October, surprised to the upside, and the 10-year Treasury yield has popped to more than a one-year high of 2.39%.
    • The dollar index has surged to its highest level in about a decade, with particular strength against the yen (NYSEARCA:FXY) and euro (NYSEARCA:FXE). UUP +0.7%
    • Gold, on the other hand, continues its big retreat, down 2.15% to $1,185 per ounce - its lowest price since February. GLD -2.15%
    Nov. 23, 2016, 10:30 AM | 85 Comments
  • Nov. 18, 2016, 1:17 PM
    • The strength in the U.S. dollar may just be getting started after post-election forecasts were too conservative, says Credit Suisse.
    • That's after the ICE U.S. Dollar Index increased to its highest level in more than 13 years today.
    • EUR/USD: Credit Suisse predicts a 1.03 exchange rate in 90 days and 1.00 parity in a year vs. 1.05 prior on both and 1.05872 current.
    • USD/JPY: The investment firm targets a 111 rate in three months and 108 in 12 months vs. 100 and 108 prior, respectively.
    • GBP/USD: Brexit uncertainty is a factor of course, observes CS. The forecast arrives at 1.20 for 3-months and 12-months vs. 1.16 prior and 1.2338 current.
    • USD/CNY: Some depreciation is seen being allowed by the Chinese government. CS lines up an exchange rate of 7.01 for 3-months and 7.33 in a year. vs. 6.8833 current.
    • USD/MXN: Traders beware of Nafta repeal risk, warns CS. A peso at 23.0 per USD in 3 months and 25.0 in a year is the cautious forecast. The peso stood at 20.5011 per USD at last check.
    • Source: Bloomberg
    Nov. 18, 2016, 1:17 PM