WisdomTree Bloomberg U.S. Dollar Bullish ETF (USDU) - NYSEARCA
  • Fri, May 20, 6:30 AM
    • The dollar is cruising to its third straight week of gains as stock and commodity markets show signs that they might be able to manage another U.S. interest rate hike in the coming months.
    • With risk appetite gradually returning following a bumpy few days, U.S. futures are edging back into the green.
    • "The question for traders now is whether this Fed rate hike issue is a 'risk-on' or a 'risk-off' situation," said Saxo Bank FX strategist John Hardy.
    • ETFs: UUP, UDN, USDU
    | Fri, May 20, 6:30 AM | 3 Comments
  • Wed, May 11, 6:29 AM
    • The dollar is stumbling again, succumbing to a bout of profit-taking as U.S. futures point to a fall of around a third of a percent on Wall Street.
    • The move comes after Goldman Sachs called the greenback's bottom (again), stating it "remains dollar bullish and thinks the trajectory is higher from here."
    • U.S. Dollar Index -0.2% to 94.05, easing back from Tuesday's two-week high of 94.15.
    • ETFs: UUP, UDN, USDU
    | Wed, May 11, 6:29 AM
  • Tue, May 10, 3:05 PM
    • Speaking generally, Goldman for some time now has been more bullish on the economy than most, and thus seen a faster pace of rate hikes than most. As a result, the bank has tended to be long and wrong on the dollar.
    • At heart of today's bullish call on the greenback is the currency team's belief that markets are underestimating how fast monetary policy might tighten. Short-term rate markets have all but eliminated the chance of a rate hike in June, and are pricing in little more than a 50% chance of a move at any point in 2016.
    • Chief currency strategist Robin Brooks tells Bloomberg the market reaction on Friday was telling: In response to a weak jobs number, the dollar actually rose. In fact, the greenback has been bouncing nicely for all of May, but the move is just a blip on the sizable downtrend started last December around the time of the Fed's first, and so far only, rate hike this cycle.
    • ETFs: UUP, UDN, USDU
    | Tue, May 10, 3:05 PM | 4 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.
    | Fri, Apr. 29, 11:34 AM | 42 Comments
  • Wed, Apr. 13, 4:44 PM
    • The catalyst will be a turned-hawkish Fed, says strategist Athanasios Vamvakidis. And why would the Fed turn hawkish? Price pressures will force its hand, he says, expecting the sort of sharp moves in the currency seen after the Fed announced the QE taper.
    • That rally beginning in late 2014 pushed the dollar to its strongest level since 2003.
    • The dollar index is down 4% this year as the expectations for Fed rate hikes have been scaled back.
    • ETFs: UUP, UDN, USDU
    | Wed, Apr. 13, 4:44 PM
  • Fri, Apr. 8, 2:51 AM
    | Fri, Apr. 8, 2:51 AM | 12 Comments
  • Thu, Mar. 31, 3:24 AM
    • Investors are tracking market moves after the dollar hit a six-week low against the euro, weakening in the wake of recent dovish comments from U.S. Fed Chair Janet Yellen.
    • But it's not just the euro that's making gains against the USD, Asian currencies are also getting a big boost.
    • The Australian and New Zealand dollar are near nine-month peaks, while the Malaysian ringgit has climbed to a new seven-month high against the greenback.
    • ETFs: UUP, UDN, USDU
    | Thu, Mar. 31, 3:24 AM | 5 Comments
  • Thu, Mar. 24, 8:20 AM
    • Via Bloomberg:
    • "It’s time for the Federal Reserve to end its dollar fixation. That’s the takeaway from a Goldman Sachs Group Inc. report Wednesday that suggests the U.S. currency poses little threat to the Fed’s inflation goals, challenging policy makers’ comments to the contrary. That’s good news for dollar bulls who are betting on expanded monetary-policy divergence between the U.S., Europe and Japan.
    • "Inflation is at the heart of the Fed’s debate about the timing of interest-rate increases as officials look to normalize monetary policy after seven years of near-zero borrowing costs. With a stronger dollar not translating into significantly cheaper import prices, Goldman Sachs suggests the central bank faces fewer headwinds to hiking rates than markets are currently pricing in."
    | Thu, Mar. 24, 8:20 AM | 13 Comments
  • Wed, Mar. 23, 3:44 PM
    • The Fed last week may have slashed its expectation for rate hikes this year by 50 basis points, but public comments since have taken on a more hawkish tone. The latest was this morning, with St. Louis Fed boss Jim Bullard suggesting April could work for the next boost in interest rates.
    • The dollar (UUP +0.5%) continues its move higher, and gold (GLD -2.3%) its move lower, with the metal at the $1,220 per ounce level for the first time since late February.
    • Also struggling is crude oil (USO -4.1%), which earlier was hit with news of a sizable jump in inventories.
    | Wed, Mar. 23, 3:44 PM | 54 Comments
  • Tue, Mar. 22, 12:56 PM
    • The greenback's weakness this year despite the best efforts of the ECB and the BOJ to drive their own currencies lower suggests those central banks have run out of ammunition, says the currency team at HSBC.
    • Investors (outside of those in Europe and Japan) should welcome this, says the bank, as the strong dollar added to global issues by fostering declines in emerging market currencies and oil - a one-two punch for many economies.
    • By HSBC's view, the currency war started in 2012, and the dollar has mostly been on the rise ever since.
    • ETFs: UUP, UDN, USDU
    | Tue, Mar. 22, 12:56 PM | 3 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
  • 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
  • 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)
    | Dec. 16, 2015, 2:17 PM | 8 Comments
  • Dec. 15, 2015, 9:18 AM
    • Fifty-eight percent of those surveyed expect the Fed to hike rates three or more times in the coming year, according to the BAML Fund Manager Survey. It thus shouldn't be too much of a surprise that 53% of the group believe long greenbacks (NYSEARCA:UUP) to be the most crowded trade (up from 32% who believed so in November).
    • That trade has already begun to unwind - the dollar index is lower by more than  2% since the ECB at the start of December surprised with no boost to QE.
    • "The strong dollar view is writ large across all asset, regional and sector allocations," says chief strategist Michael Hartnett. "It will take a very dovish Fed and weak U.S. earnings to reverse the strong dollar view in 2016."
    • Europe and Japan continue to be the most favored regions for overweight equities, while investors are getting more underweight the U.S.
    | Dec. 15, 2015, 9:18 AM | 3 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.
    | Dec. 9, 2015, 1:05 PM | 5 Comments
  • Dec. 7, 2015, 5:15 AM
    • World shares started the week strongly on Monday, buoyed by Friday's big gains on Wall Street, after upbeat jobs data bolstered investor confidence in the U.S. economy.
    • The sturdy employment report likely means a green light for a Federal Reserve rate hike next week, marking the first increase in nearly a decade.
    • The news is also having a big effect on the currency markets, boosting the greenback against most of its peers. U.S. Dollar Index +0.5% to 98.77.
    • U.S. futures: Dow +0.2%. S&P +0.2%. Nasdaq +0.3%.
    • Europe: London +0.7%. Paris +1.7%. Frankfurt +1.9%.
    • Asia: Japan +1%; Hong Kong -0.2%; China +0.3%
    | Dec. 7, 2015, 5:15 AM
USDU Description
The WisdomTree Bloomberg U.S. Dollar Bullish Fund seeks to provide total returns, before expenses, that exceed the performance of the Bloomberg Dollar Spot Index. Although this Fund invests in very short-term, investment grade instruments, the Fund is not a 'money market' Fund and it is not the objective of the Fund to maintain a constant share price.
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