PowerShares DB USD Bull ETF (UUP) - NYSEARCA
  • Wed, Jul. 27, 2:18 PM
    • Having had a few minutes to digest the modestly hawkish turn from the FOMC, the 10-year Treasury yield has dipped a little bit, now off 3.3 basis points to 1.531%. Odds of a September rate hike have risen just a hair to about a one-in-three chance. TLT +1%, TBT -2%
    • The money quote from the policy statement: "Near-term risks to the economic outlook have diminished."
    • The dollar (UUP +0.1%) has turned somewhat higher following the news, while gold (GLD +0.5%) has shed a couple of dollars per ounce (though still in the green on the session).
    • Stocks are about where they were, the Nasdaq up modestly, the S&P 500 down a hair, and the Dow flat.
    | Wed, Jul. 27, 2:18 PM | 4 Comments
  • Tue, Jul. 26, 3:04 AM
    • Just two months before the yuan is to be included in the IMF's Special Drawing Rights basket for the first time, the fund's board has adopted a new methodology for calculating the amounts of its global reserve currencies.
    • New weightings of the dollar, euro, yen and pound will be set on Sept. 30 and fixed for five years, pushing the yuan a step closer to being freely usable internationally.
    • ETFs: FXE, UUP, EUO, FXY, YCS, UDN, CYB, ERO, CNY, JYN, USDU, DRR, ULE, EUFX, FXCH, YCL, URR
    | Tue, Jul. 26, 3:04 AM | 5 Comments
  • Wed, Jul. 20, 5:11 AM
    • The greenback is at a four-month high against a basket of currencies, bolstered by strong U.S. data and growing expectations the Fed may raise rates before the end of the year.
    • The dollar index is up 0.2% at 97.271, its highest level since March 10.
    • Fed funds futures rates now suggest a 40% chance of a rate hike in December, compared with less than 20% a few weeks ago.
    • ETFs: UUP, UDN, USDU
    | Wed, Jul. 20, 5:11 AM | 2 Comments
  • Fri, Jul. 1, 4:26 PM
    | Fri, Jul. 1, 4:26 PM
  • 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
  • Wed, Jun. 15, 2:22 PM
    • The Fed held policy steady, but dialed back its expectations for rate hikes for the rest of this year and next.
    • The Dow (DIA +0.3%), S&P 500 (SPY +0.3%), and Nasdaq (QQQ +0.1%) continue with modest gains.
    • Gold (GLD +0.7%) adds about $5 per ounce to $1,294, and the dollar (UUP -0.6%) is lower since the news hit at 2 ET. Janet Yellen's press conference begins at 2:30.
    | Wed, Jun. 15, 2:22 PM | 6 Comments
  • Fri, Jun. 3, 4:16 PM
    | Fri, Jun. 3, 4:16 PM | 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
  • 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 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 13, 10:42 AM
    • Fixed-income markets are mostly yawning and equities are modestly lower, but the greenback adds to a sizable May rally after retail sales for April flew past consensus estimates.
    • UUP +0.7%
    • Markets may have been bracing for a weak print, given the string of disappointing earnings and guidance coming from some major retailers over the past several sessions. It turns out consumers are spending, it's just continuing to shift away from traditional spots like department stores.
    • The euro (FXE -0.7%), pound (FXB -0.6%), loonie (FXC -0.9%), swissie (FXF -0.5%), and aussie (FXA -1%) are leading the way down among overseas currencies. The yen (FXY -0.1%) is closer to holding its own.
    | Fri, May 13, 10:42 AM
  • 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, 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
  • 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
UUP Description
The PowerShares DB US Dollar Bullish Fund (Symbol: UUP) is based on the Deutsche Bank Long US Dollar Index (USDX®) Futures Index™ (DB Long USD Futures Index). The Index, which is managed by DB Commodity Services LLC, is a rules-based index composed solely of long USDX® futures contracts. The USDX® futures contract is designed to replicate the performance of being long 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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