Seeking Alpha

PowerShares DB USD Bear ETF (UDN)

  • May 9, 2013, 4:53 AM
    RBC is bullish on the U.S. dollar: "Longer term, we still expect to see USD grind higher almost by default when other currencies remain under cyclical pressure. We think the U.S. is further ahead in the economic cycle compared to the euro area, UK and Japan, and over a long enough horizon, the prospect of Fed exit will drive that through to the currency." (ETFs: DBV, UUP, UDN, UUPT, UDNT)
    | May 9, 2013, 4:53 AM | Comment!
  • May 3, 2013, 8:43 AM
    Stock futures pop after the big NFP beat, SPY +0.8%, QQQ +0.7% premarket. The long bond dives, now down nearly a full point, TLT -1.2% premarket. Sporting losses earlier, the dollar moves into the green, UUP +0.4%. Nicely higher minutes ago, GLD -0.4%.
    | May 3, 2013, 8:43 AM | Comment!
  • Apr. 29, 2013, 7:31 AM
    Precious metals continue their comeback tour, with the dollar (UUP) being lower across the board as good an excuse as any for buying this morning. GLD +1.1%, SLV +1.5% premarket. The greenback is particularly weak vs. the aussie (FXA), +0.6%.
    | Apr. 29, 2013, 7:31 AM | Comment!
  • Apr. 17, 2013, 3:37 PM
    Dollar strength against the "risk" currencies on these panicky sessions is often offset by weakness vs. the yen, leading to little change in the dollar index. Not today - the greenback is surging against nearly every asset on the planet, leading the dollar bull ETF (UUP +1.1) to a relatively outsized gain. UDN -1.1%.
    | Apr. 17, 2013, 3:37 PM | 1 Comment
  • Apr. 16, 2013, 10:38 AM
    Asset purchases are "open-ended but temporary," says the Chicago Fed's Charles Evans, adding he sees plenty of headwinds for the economy. In a rare comment on the dollar, he calls the greenback "quite strong" and says the FOMC is surprised by this. The dollar (UUP -0.5%) sheds a few more ticks, particularly vs. the euro - FXE +0.9%.
    | Apr. 16, 2013, 10:38 AM | Comment!
  • Apr. 15, 2013, 2:42 PM
    Another popular position unwound today is the yen short trade, with much of the move coming in the past 90 minutes. The dollar (UUP) is off a full 1% vs. the yen (FXY +1.2%), but surging against most all other units. Particularly noteworthy are the "commodity currencies" - the aussie (FXA -1.6%), the loonie (FXC -1%).
    | Apr. 15, 2013, 2:42 PM | 1 Comment
  • Apr. 11, 2013, 5:25 PM
    As expected, the IMF has cut its 2013 GDP growth outlook for the U.S. to 1.7% from 2%. The dollar and euro are called moderately overvalued, and the yuan moderately undervalued. Thanks to Shinzo Abe's efforts, Japan's GDP is now expected to grow 1.5% in 2013, up from a prior 1.2%.
    | Apr. 11, 2013, 5:25 PM | 4 Comments
  • Apr. 8, 2013, 4:25 AM
    The amount of dollar cash in circulation has jumped 42% in the past five years, with the proportion held abroad climbing from 56% to nearly 66%. The eurozone crisis has boosted demand since 2010, a trend that could strengthen following the raid on Cypriot bank deposits.
    | Apr. 8, 2013, 4:25 AM | 3 Comments
  • Mar. 19, 2013, 10:54 AM
    Dollar (UUP) bullishness of 72% of respondents reached the highest level in the history of BAML's fund manager survey. At the same time, bearishness on U.S. stocks (SPY) reversed, with a net 5% calling the U.S. the market it most wishes to overweight vs. 19% underweight in January. (PR)
    | Mar. 19, 2013, 10:54 AM | 3 Comments
  • Mar. 19, 2013, 9:27 AM
    The new hedge fund hotel is U.S. dollars (UUP), writes Josh Brown, noting BAML data showing large specs are net long $2.6B in the dollar index. It's near the level at which it can be called too crowded of a trade, says BAML.
    | Mar. 19, 2013, 9:27 AM | 3 Comments
  • Mar. 11, 2013, 7:15 PM
    The U.S. energy boom will prove bullish for the dollar, helping make U.S. assets more attractive and increasing GDP growth, BAML's David Woo says: “Going forward, it will be the euro zone rather than the U.S. that will have to bear the brunt of the cost of the growing Chinese and Indian consumers and their appetite for energy."
    | Mar. 11, 2013, 7:15 PM | 2 Comments
  • Mar. 8, 2013, 8:45 AM
    SPY adds to gains following the better-than-expected NFP print, now +0.5%. The dollar pops, now +1.6% vs. the yen, +0.7% vs. the euro. UUP +0.6%. The long bond tumbles, falling a full point since the report's release. TLT -1.3%, TBT +2.9%. Homebuilders ETF: XHB +0.7%.
    | Mar. 8, 2013, 8:45 AM | Comment!
  • Feb. 25, 2013, 3:40 PM
    A few too many on one side of the boat? The world's most popular short, the yen is strengthening in chunks now, with the dollar -2.5% and buying ¥91.10. More popular than long dollar/yen has been long euro/yen and that's getting pounded even harder. The twin trade to short yen has been long Japan stocks, particularly in the form of the hedged equity ETF (DXJ). It's off 3.3%.
    | Feb. 25, 2013, 3:40 PM | 6 Comments
  • Feb. 21, 2013, 10:31 AM
    Warming up to the idea FOMC hawkishness may be getting ahead of itself, precious metals reverse course. Gold's now up $26 from the overnight low, GLD +1%. SLV +0.7%. The dollar, however, continues to strengthen, UUP +0.3%.
    | Feb. 21, 2013, 10:31 AM | 7 Comments
  • Feb. 19, 2013, 11:19 AM
    Jim Rogers used to call G-7/G-20 meetings the equivalent of professional wrestling, but Bridgwater sugar-coats it a little bit, calling discussions there about currency wars "more of a semantic dance than a substantive matter." Change in monetary policy is the same as change in currency policy, says Bridgwater, and countries (Japan) will manage monetary policy for their own domestic purposes. (h/t fed_speak).
    | Feb. 19, 2013, 11:19 AM | Comment!
  • Feb. 15, 2013, 8:42 AM
    "Consistent with the G-7 statement," the U.S. is using domestic policy tools to advance domestic objectives, says Bernanke, speaking at the G-20. A strengthening U.S. economy will be good for the world economy. The dollar (UUP) continues moving higher. (G-20 earlier)
    | Feb. 15, 2013, 8:42 AM | 1 Comment
UDN vs. ETF Alternatives
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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