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PowerShares DB USD Bull ETF (UUP)

- NYSEARCA
  • Fri, May 29, 4:17 PM
    | 3 Comments
  • Tue, May 26, 1:44 PM
    • Europe's dealing with the usual worries about Greece and weekend election gains by the anti-austerity party in Spain may have some wondering about contagion. The Stoxx 50 ETF (NYSEARCA:FEZ) is lower by 2.9% as Monday's loss across the pond combines with Tuesday.
    • This morning, a trio of economic reports - durable goods, home prices, and new home sales - beat expectations, giving another boost the greenback.
    • The dollar's higher by 1% vs. the euro (NYSEARCA:FXE), yen (NYSEARCA:FXY), loonie (NYSEARCA:FXC), and aussie (NYSEARCA:FXA), and somewhat less vs. cable (NYSEARCA:FXB) and the Swiss franc (NYSEARCA:FXF). Buying ¥122.95, the greenback is at an 8-year high vs. the yen.
    • UUP +1.15%, UDN -1%
    • ETFs: UUP, UDN, FORX, USDU
    | 11 Comments
  • Tue, May 26, 5:56 AM
    • Following upbeat comments from the Fed and Friday's improved inflation data, the dollar rose against a basket of currencies on Tuesday, hitting an eight-year high of 122.76 against the yen.
    • But whether the U.S. currency is ready for an attack on parity with the euro in the weeks ahead will largely depend on U.S. economic data improving after a disappointing Q1. Today's durable goods orders will be among the latest U.S. health indicators.
    • U.S dollar index +0.7% to 97.15.
    • ETFs: UUP, UDN, FORX, USDU
    | Comment!
  • Fri, May 22, 4:15 PM
     
    | 2 Comments
  • Fri, May 22, 8:55 AM
    • Core CPI rose 0.3% in April, the fastest pace since January 2013. Forecasts had been for just a 0.1% gain. Over the last 12 months, core CPI was up 1.8% in April, the same as March.
    • The overall CPI was higher by 0.1% in April and lower by 0.2% year-over-year.
    • The dollar bull ETF (NYSEARCA:UUP) is up 0.4% after the news. Against individual currencies, the greenback jumped about 100 pips vs. the euro (NYSEARCA:FXE), with similarly-sized moves vs. the aussie (NYSEARCA:FXA), loonie (NYSEARCA:FXC), swissie (NYSEARCA:FXF), yen (NYSEARCA:FXY), and cable (NYSEARCA:FXB).
    • ETFs: UUP, UDN, UUPT, UDNT, FORX, USDU
    | 3 Comments
  • Fri, May 15, 5:57 PM
    | 3 Comments
  • Thu, May 14, 4:32 AM
    • The dollar languished at three-month lows on Thursday after poor U.S. retail sales proved a huge disappointment to those expecting some sort of U.S. rebound from a weather-weakened Q1.
    • The key measure of sales was flat in April, adding to other disappointing data that could see the Fed postpone a rate hike and analysts downgrade their growth forecasts for the rest of the year.
    • The dollar index last traded down 0.4% at 93.39. It has now shed nearly 7% from a 12-year peak of 100.39 set in March.
    • ETFs: UUP, UDN, UUPT, UDNT, FORX, USDU
    | 17 Comments
  • Wed, May 13, 9:07 AM
    | 2 Comments
  • Thu, Apr. 30, 6:22 AM
    • World stock markets and the dollar remained under pressure on Thursday, jolted by anemic U.S. growth and cautious comments from the Federal Reserve.
    • "It looks like we could be finally be entering the correction that everyone has been waiting for," said Tobias Britschof of Meriten Investment Management.
    • Following Asia lower, European stocks declined for a third day, heading for their first monthly drop of the year. U.S. futures are also swimming in the red.
    • U.S dollar index -0.4% to 94.96.
    • Asia: Japan -2.7%. Hong Kong -1%. China -0.8%. India -0.8%.
    • Europe: London flat. Paris -0.3%. Frankfurt flat.
    • U.S. Futures: Dow -0.4%. S&P -0.3%. Nasdaq -0.5%.
    • ETFs: UUP, UDN, UUPT, UDNT, FORX, USDU
    | 1 Comment
  • Wed, Apr. 29, 11:32 AM
    | 1 Comment
  • Wed, Apr. 29, 3:48 AM
    | 9 Comments
  • Mon, Apr. 27, 11:26 AM
    • Did Medley Advisors get another leak from the Fed? Ahead of a 2-day FOMC policy meeting starting tomorrow, gold has one of its biggest moves (higher) in recent memory - up about $16 per ounce over the past hour to $1,201 per ounce.
    • GLD +2%
    • One could look at the dollar (UUP, UDN), but it's off only marginally (though down a full 1% vs. the aussie as rate cut expectations Down Under get scaled back).
    • Turning back to the Fed, it's got to account for a long recent string of weaker-than-expected economic reports and Q1 GDP growth that's likely going to come in at less than 1%.
    • ETFs: GLD, IAU, SGOL, UGL, DGP, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, TBAR, GEUR, UBG, GYEN, BAR
    | 5 Comments
  • Wed, Apr. 22, 3:18 PM
    • Questioning the sustainability of the dollar (UUP, UDN) bull market and believing the greenback to be overvalued across the board, Research Affiliates' Michele Mazzoleni suggests now might not be a bad time for U.S. investors to take advantage by picking up relatively cheap overseas assets.
    • People are buying dollars, he says, in anticipation of higher U.S. rates, but they're no certainty, and some Fed officials are appear to be having misgivings about tightening policy too soon, in part due to the strong dollar.
    • As for valuation, the dollar is more than 10% above its long-run value as predicted by Purchasing Power Parity theory. That's fine if rates are on the rise, but maybe unsustainable if not.
    • Previously: Fed's Rosengren talks rate hike delay (April 22)
    • ETFs: UUP, UDN, UUPT, UDNT, FORX, USDU
    | 3 Comments
  • Fri, Apr. 17, 4:18 PM
    | Comment!
  • Fri, Apr. 17, 3:12 AM
    • Following a string of disappointing U.S. economic data, the dollar hovered near a one-week low against a basket of major currencies on Friday and was on track for its biggest weekly drop in a month.
    • The dollar index, which last traded at 97.86, set a one-week low of 97.282 on Thursday - down 1.8% so far this week.
    • If U.S. consumer inflation data due later today comes in soft, it could reinforce the view the Fed will delay a rate hike in June and add further pressure against the dollar.
    • ETFs: UUP, UDN, UUPT, UDNT, FORX, USDU
    | 2 Comments
  • Tue, Apr. 14, 9:54 AM
    • More investors think the greenback (UUP, UDN) is overvalued than at any time since May 2009, according to BAML's April fund manager survey which shows a net 13% think the dollar is too pricey, up from 12% in March.
    • The world's most crowded trade? The dollar is a winner by a wide margin, with 60% believing so vs. less than 20% for #2, European stocks.
    • While the net 8% thinking the euro (NYSEARCA:FXE) is to cheap doesn't sound a like a lot, it's a turnaround from recent surveys which showed fund managers overall believing the common currency to be overvalued.
    • "April's survey offers further proof that global investors are front-running global monetary policy," says BAML's Michael Hartnett.
    • Source: WSJ
    | 2 Comments
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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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