Seeking Alpha

PowerShares DB USD Bull ETF (UUP)

  • Jun. 22, 2011, 2:38 PM
    "Transitory" has thankfully yet to be used, but one theme of Bernanke's press conference is his belief the economy will emerge just fine from its current soft patch. QE3 seems off the table for now. Dollar continuing to catch a bid. UUP +0.2%.
  • Jun. 22, 2011, 2:33 PM
    At his press conference, Bernanke gives himself a pat on the back, pointing out payroll growth in the months since his Jackson Hole QEII speech is more than double that of the months prior. The dollar sees a little pop. UUP flat for the day.
  • Jun. 22, 2011, 8:08 AM
    The FOMC is due to wrap up a two-day meeting today, when it is likely to keep rates at 0-0.25% and confirm it will end its $600B bond buying scheme at the end of June. The key words in its statement will be 'extended period,' signalling the Fed has no plans to raise rates any time soon.
    | Comment!
  • Jun. 13, 2011, 4:21 PM
    Jack Barnes' summary of key European governments: either failed, failing, or non-existent. "Europe is a fractured nation made up of unstable state governments struggling with a mutual bail-out approach that is going to shatter the system."
  • Jun. 13, 2011, 1:38 PM
    Continuing to promote the yuan's use in trade settlement, China opens a $1B currency swap agreement with Kazakhstan. It's the latest in a number of deals with key trading partners. Two of note are with Iceland and Belarus, as China steps in assist countries with collapsed currencies.
    | Comment!
  • Jun. 13, 2011, 9:46 AM
    Cutting risk positions in the face of economic slowdown has been a losing move as policy responses to trouble have been overwhelming. This time is different, says Steve Englander, as government will and resources are whittled down. He's bearish on the "risk" currencies, particularly commodity producers: FXA, FXC.
    | Comment!
  • Jun. 10, 2011, 12:53 PM
    True to form, Jim Rogers still dislikes any investment you can't eat or touch. He's short emerging markets, short tech, hates the greenback long-term, but is long the buck at the moment. "(Everyone's) bearish on the dollar, so I stepped in and bought."
  • Jun. 10, 2011, 11:09 AM
    Markets in "risk off" mode has the greenback flying against everything not named Swiss franc or yen. Especially hard hit is the euro, threatening $1.47 three days ago, but now looking more likely to hit $1.43 first. FXE -1.1%, UUP +0.9%.
    | 1 Comment
  • Jun. 7, 2011, 9:20 AM
    "We need drastic measures," says PBOC advisor Zhou Qiren, contending China's policy of printing yuan with which to mop up excess greenbacks is fueling inflation. "We must reform ... (or) our economy will always be in turmoil."
    | Comment!
  • Jun. 3, 2011, 4:55 PM
    With China accounting for a bigger share of its iron ore revenue, Rio Tinto (RIO) considers settling its sales in yuan instead of greenbacks. "It's complex," says CEO Sam Walsh, "our financing is in dollars and trading in dollars acts as a natural hedge, but it's certainly something we will be looking at and studying."
    | 1 Comment
  • Jun. 2, 2011, 7:37 AM
    You wouldn't know it by looking at the red across world stock markets, but moves in currencies say it's "risk on" today. The euro started moving higher after yesterday's close and hasn't stopped, +1.0% at $1.4471. The aussie, loonie, and sterling are up vs. the greenback as well.
    | Comment!
  • Jun. 1, 2011, 8:58 AM
    How long until the Swiss say "uncle?" The franc continues to surge to all-time highs vs. both the euro and the greenback. Recent comments from the SNB have given the impression the bank is more concerned about inflation than whether the economy can handle the powerful currency. FXF +35% Y/Y.
  • May. 31, 2011, 5:00 PM
    With many focused on Treasury market reaction to a breach of the U.S. debt ceiling, Steven Englander of Citi calls for a "sharper and probably more permanent" reaction in the FX market. "It would legitimately tax foreign investor patience and lead to further dollar dumping."
  • May. 27, 2011, 12:00 PM
    The euro is back at its highs of the day despite the fissure occurring in Greece, where opposition leader Samaras says his party will not be blackmailed into accepting deeper austerity. Consensus is nice, but the euro looks to be taking heart from the ruling Socialist's apparent plan to pass the cuts on their own. FXE +1.1%.
  • May. 27, 2011, 11:21 AM
    The dollar is down solidly across the board, particularly vs. the Swiss franc, where the greenback has fallen to a new all-time low. Chatter is on the rise that rate hikes could begin in Switzerland as soon as June. FXF +1.5%, UUP -0.8%.
    | Comment!
  • May. 23, 2011, 2:55 PM
    It's RORO (risk-on-risk-off), not fundamentals, that dominates currency markets and makes them trade "through the looking glass," aruges HSBC's David Bloom. Analyzed in this fashion, the lifting of the U.S. debt ceiling - averting a crisis and thus being good news - should lead to a sell-off in the greenback.
    | Comment!
Visit Seeking Alpha's
UUP vs. ETF Alternatives
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.
See more details on sponsor's website
Country: United States
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub