PowerShares DB USD Bear ETF (UDN) - NYSEARCA
  • Fri, Jun. 24, 8:09 AM
    • The pound (NYSEARCA:FXB) is lower by 8.15% vs. the dollar to $1.3667. It's the lowest level in more than 20 years. It had sunk as low as $1.32 overnight.
    • The euro (NYSEARCA:FXE) is down 3% to $1.1045, the loonie (NYSEARCA:FXC1.8%, the aussie (NYSEARCA:FXA2.5%, and the Swiss franc (NYSEARCA:FXF2%.
    • Stronger vs. the dollar is the yen (NYSEARCA:FXY), up 3.5%.
    • UUP +2.7%, UDN -3% premarket
    • Previously: Futures down sharply as Europe crashes post-Brexit (June 24)
    | Fri, Jun. 24, 8:09 AM | 1 Comment
  • Fri, Jun. 3, 8:56 AM
    • Roughed-up by the steady hawkish talk out of the Fed in May, gold (NYSEARCA:GLD) has added about $20 per ounce to $1,234 since the 8:30 ET news of just 38K jobs being added last month (along with big downward revisions to April and March).
    • The dollar (UUP, UDN), unsurprisingly, is headed in the opposite direction, currently lower by 1%. Particularly strong vs. the greenback are the euro (NYSEARCA:FXE), yen (NYSEARCA:FXY), loonie (NYSEARCA:FXC), and pound (NYSEARCA:FXB).
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, UGLD, GLL, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GYEN, GEUR, UBG, QGLDX
    | Fri, Jun. 3, 8:56 AM | 37 Comments
  • Wed, May 18, 2:18 PM
    • Minutes from the FOMC's April 26-27 meeting surprised markets, with "most" on the committee expecting the Fed's next rate hike to come in June.
    • Yields, especially at the short end, are spiking, and Fed Funds futures now see about a one-in-three chance of a June move (up from about 1-in-20 at the start of the week).
    • The dollar (UUP, UDN) has moved sizably higher since the news, now up 0.4% on the session. Gold (NYSEARCA:GLD), meanwhile, has added to losses, now down 0.8% to $1,267 per ounce.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, UGLD, GLL, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GYEN, GEUR, UBG, QGLDX
    | Wed, May 18, 2:18 PM | 26 Comments
  • Fri, May 6, 8:47 AM
    • U.S. stock index futures have about doubled losses since April's jobs report, with the S&P 500 (NYSEARCA:SPY) and Nasdaq 100 (NASDAQ:QQQdown 0.55%, and DJIA (NYSEARCA:DIAdown 0.5%.
    • 160K jobs were added in April vs. expectations for 202K. The unemployment rate held steady at 5% as the labor force participation rate fell to 62.8% from 63%.
    • The 10-year Treasury yield is lower by 2.5 basis points to 1.72%. TLT +0.3%, TBT -0.6%.
    • The dollar (UUP, UDN) is all over the place - knee-jerking sharply lower as the numbers hit at 8:30, but now back to where it was prior to the report, down marginally on the session.
    • Previously: Jobs disappoint; UE rate steady thanks to dip in labor force participation (May 6)
    • Previously: April jobs numbers fall short (May 6)
    | Fri, May 6, 8:47 AM | 19 Comments
  • Fri, Apr. 29, 11:34 AM
    • A board selloff in the greenback (UUP -0.7%) has gold (GLD +2%) eyeing $1,300 per ounce for the first time since early 2015. Gold is currently up 2.5% to $1,298.
    • There was modest disappointment in some 2nd-tier economic reports this morning, but other than that no clear reason for the dollar decline. Particularly strong are the euro (FXE +0.9%), Swiss franc (FXF +0.8%), and yen (FXY +1.1%). The commodity currencies (FXC +0.1%), (FXA -0.1%) aren't doing a whole lot even as oil takes out $46 per barrel.
    • ETFs: GLD, IAU, UUP, PHYS, SGOL, UGL, UDN, DGP, GTU, UGLD, GLL, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, USDU, GYEN, GEUR, UBG, QGLDX
    | Fri, Apr. 29, 11:34 AM | 42 Comments
  • Thu, Mar. 17, 3:25 PM
    • The dollar began its plunge yesterday afternoon at 2 ET after the latest Fed "dots" showed the PhDs at the central bank expecting just two rate hikes this year vs. four previously.
    • That decline has steepened today, even after the BOJ this morning apparently stepped in to try and shore up the greenback.
    • The flip side of the dollar's fall are sharp rallies across the commodity sector, not to mention a nice bump in the share prices of U.S. corporations.
    • “This is a strong rally and the main catalyst is the return of easy money,” says John Kilduff.
    • UUP -0.9%, UDN +0.9%
    • ETFs: UUP, UDN, USDU
    | Thu, Mar. 17, 3:25 PM
  • Thu, Mar. 10, 8:13 AM
    • Not rallying even as the ECB adds to its money-printing efforts is gold ... at least in dollar terms. The yellow metal is down 1% to $1,245 per ounce after the ECB cut rates across the board, added to its QE efforts, and announced four new LTRO operations.
    • Gold is actually in the green vs. the euro as that currency is down 1.25% vs. the greenback (UUP, UDN)
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GEUR, GYEN, UBG, QGLDX
    | Thu, Mar. 10, 8:13 AM | 13 Comments
  • Fri, Mar. 4, 9:14 AM
    • Initially surging higher as the strong February jobs numbers put a Fed rate hike by early summer firmly on the table, the dollar (UUP, UDN) has slipped into the red on the session.
    • On the negative side, the average hourly workweek declined a little, as did wage growth.
    • Markets do tend to anticipate, and the greenback has been on a tear for the last three weeks. The reversal this morning in the dollar could be nothing more than traders booking some profits.
    • Performing best vs. the dollar this morning are the euro (NYSEARCA:FXE), up 0.3%, and the aussie (NYSEARCA:FXA), up 0.75%
    • Previously: Job headlines look good, but wages and hours worked fall (March 4)
    | Fri, Mar. 4, 9:14 AM
  • Fri, Feb. 26, 8:39 AM
    • U.S. Q4 GDP was revised up to 1% from 0.7% in the first estimate, and against expectations for a downward revision to 0.4%.
    • The upward adjustment is mostly thanks to higher-than-previously thought inventories, and a downward revision to imports. These changes were only partially offset by slight cuts in state and local government spending, and personal consumption expenditures.
    • The price index, however, slowed - up just 0.4% vs. 1.3% in Q3. Core prices gained 1% vs. 1.3% in Q3.
    • The 10-year Treasury yield has jumped four basis points to 1.76% on the strong headline number. TLT -0.9%, TBT +1.8%
    • The dollar (UUP, UDN) has moved higher since the report, and is now flat on the session.
    | Fri, Feb. 26, 8:39 AM
  • Fri, Feb. 5, 10:01 AM
    • Sharply lower this week as the Fed and markets continue to walk back expectations for tighter monetary policy, the dollar (UUP +0.6%) is moving higher following this morning's jobs numbers.
    • Jobs gained of 151K was a sizable miss, but the unemployment rate fell to 4.9% (even with labor force participation rising), and annualized wage growth topped 5%.
    • Fixed-income and currency markets, for now, are focused on the strength in the report, with the 10-year yield up three basis points and the dollar ahead vs. the other major currencies.
    • ETFs: UUP, UDN, USDU
    | Fri, Feb. 5, 10:01 AM | 4 Comments
  • Wed, Feb. 3, 9:17 AM
    • The unsteady markets to start the year have finally gotten to FRBNY President Bill Dudley, who's sounding awfully dovish in an interview he gave this morning. He specifically mentioned weakening global growth and the strong dollar as concerns.
    • The greenback (UUP, UDN) immediately spiked lower as his remarks hit, and the dollar index is now off 0.6% on the session.
    • Just for the record - while the long-term trend remains up and to the right - the dollar index has weakened thus far in 2016 and is at roughly the same level it was at one year ago.
    | Wed, Feb. 3, 9:17 AM | 6 Comments
  • Fri, Jan. 8, 8:49 AM
    • U.S. stock index futures have added to gains following the strong December jobs print, with the S&P 500 now higher by 1.25%.
    • Jobs were up 292K in December vs. 200K expected, and November/October gains were revised higher. The unemployment rate held steady at 5%.
    • The 10-year Treasury yield popped up to 2.20% right after the report, but is returned back to 2.18% - up three basis points on the session. TLT -0.4%, TBT +0.8% premarket
    • Gold (NYSEARCA:GLD) has added to losses, now lower by 1.3% to $1,094 per ounce. GLD -1.1% premarket
    • Oil has added to its gains, now up 1.4% to $33.81 per barrel. USO +0.6% premarket
    • The dollar (UUP, UDN) pops higher, now up 0.75% on the session. Particularly weak is the euro (NYSEARCA:FXE), down 1.2% to $1.08.
    • Previously: Strong upward revisions add to December jobs beat; wages and hours worked flat (Jan. 8)
    • Previously: Big jobs beat in December (Jan. 8)
    | Fri, Jan. 8, 8:49 AM | 15 Comments
  • Dec. 16, 2015, 2:17 PM
    • Currency traders sell the Fed rate hike news, taking the dollar index (NYSEARCA:UUP) slightly into negative territory vs. solid gains ahead of the central bank's 2 ET statement and revised economic projections.
    • Neither held too much surprise, with the "dots" continuing to show expectations for a Fed Funds rate of 1.4% at the end of next year.
    • As for gold (NYSEARCA:GLD), it's volatile, but remains about 1% higher at $1,072 per ounce, and oil continues 4% lower at $35.80 per barrel.
    • Previously: Stocks add to gains following Fed (Dec. 16)
    • Previously: Fed projections: 1.4% Fed Funds by the end of 2016 (Dec. 16)
    • Previously: Fed officially puts an end to ZIRP (Dec. 16)
    • ETFs: UUP, UDN, FORX, USDU
    | Dec. 16, 2015, 2:17 PM | 8 Comments
  • Dec. 9, 2015, 1:05 PM
    • The dollar index is off 1% today, and now lower by about 3% since Thanksgiving, though the move doesn't look like much more than a blip in the big bull market which began in the middle of 2014.
    • At least today, the move lower is not just about the surging post-ECB meeting euro (FXE +1%). Also higher by more than 1% against the greenback are the pound (NYSEARCA:FXB) and yen (NYSEARCA:FXY). The commodity currencies - the loonie (NYSEARCA:FXC) and aussie (NYSEARCA:FXA) - continue to struggle, and are both lower on the session.
    • ETFs: UUP, UDN, FORX, USDU
    | Dec. 9, 2015, 1:05 PM | 5 Comments
  • Dec. 3, 2015, 10:13 AM
    • The ECB earlier cut its deposit rate further into negative territory and extended the length of the QE program, but the central bank failed to give markets what they want - a boost in the amount of QE, or expansion into asset classes like regional bonds, ABS, or used exercise equipment which never seems to sell on Craigslist.
    • As a result, European stocks are tumbling, and the euro and bond yields are on the rise.
    • Treasurys are also taking the news hard, with the 10-year yield up nine basis points to 2.27% (all of this move came before Janet Yellen told Congress she is "looking forward" to hiking rates). TLT -1.7%, TBT +3.4%
    • On the flipside of the soaring euro is the dollar (UUP -1.5%).
    • ETFs: TBT, TLT, UUP, TMV, UDN, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, FORX, DLBS, USDU, TLO, TENZ, LBND, DLBL, TYBS, VUSTX
    | Dec. 3, 2015, 10:13 AM | 5 Comments
  • Nov. 6, 2015, 8:53 AM
    • U.S. stock index futures have moved from flat to down 0.3% since October's nonfarm payroll beat has put the odds squarely in favor of a rate hike in one month.
    • Europe, however, has turned losses into gains, possibly thanks to a spike higher in the dollar (UUP, UDN) and thus a big move lower in the euro (NYSEARCA:FXE). The dollar index is up 1.15%, the euro down 1.7%, and the Stoxx 50 (NYSEARCA:FEZup 0.3%.
    • Gold (NYSEARCA:GLD) is lower by 1.3% since the print to $1,090 per ounce - its weakest level since early August.
    • Previously: December rate hike back on after big jobs number (Nov. 6)
    • Previously: Big beat on jobs number (Nov. 6)
    | Nov. 6, 2015, 8:53 AM | 38 Comments
UDN Description
The PowerShares DB US Dollar Bearish Fund (Symbol: UDN) is based on the Deutsche Bank Short US Dollar Index (USDX®) Futures Index™ (DB Short USD Futures Index). The Index, which is managed by DB Commodity Services LLC, is a rules-based index composed solely of short USDX® futures contracts. The USDX® futures contract is designed to replicate the performance of being short the US Dollar against the following currencies: Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc. You cannot invest directly in an index. Ordinary brokerage commissions apply.
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Country: United States
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