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PowerShares DB USD Bull ETF (UUP)

- NYSEARCA
  • Oct. 4, 2014, 4:43 PM
    • The ECB's attempts to weaken the euro and interfere with the euro/dollar exchange rate are "shocking," former ECB chief economist tells Focus magazine.
    • "The ECB is not demonstrating leadership, but is bowing to the expectations of the financial markets and political pressure from France and Italy."
    • He also criticized the ECB's bond-buying program, saying it has "nothing to do with monetary policy," and is forcing the ECB to take unpredictable risks.
    • Stark says the ABS purchases could lead to substantial redistribution among member stats, a mandate never given to the ECB.
    • ETFs: FXE, UUP, EUO, UDN, ERO, DRR, FORX, UUPT, UDNT, EUFX, ULE, USDU, URR
    | 8 Comments
  • Oct. 3, 2014, 4:18 PM
    | Comment!
  • Oct. 3, 2014, 8:43 AM
    • S&P 500 (NYSEARCA:SPY) futures initially dipped on the strong employment numbers, but are now higher by 0.75%.
    • The 10-year Treasury yield is taking the solid print somewhat in stride for now, up two basis points since the release to 2.46%. TLT, TBT flat premarket.
    • The dollar is sharply higher across the board. - UUP +0.9% premarket - and gold has slumped all the way to $1,200 per ounce. GLD -1.1%.
    • Previously: Unemployment rate falls to 5.9%
    • Previously: More on payrolls: Wages and participation rate slip
    | 28 Comments
  • Sep. 24, 2014, 1:12 PM
    • “If the dollar were to strengthen a lot, it would have consequences for growth,” said FRBNY chief Bill Dudley earlier this week, becoming the first Fed official to mention the greenback in several years. “We would have poorer trade performance, less exports, more imports ... And if the dollar were to appreciate a lot, it would tend to dampen inflation. So it would make it harder to achieve our two objectives. So obviously we would take that into account.”
    • Highly influential at the Fed and already in the dovish camp, Dudley's comments suggest a new front being opened by the doves, and that he would prefer a longer timeline before rate hikes begin.
    • What to check for next is whether Fed boss Janet Yellen begins to echo Dudley's dollar concerns.
    • Dollar ETFs: UUP, UDN, FORX, UDNT, UUPT, USDU
    | 2 Comments
  • Sep. 17, 2014, 2:21 PM
    • Stocks initially sold off following the marginally hawkish FOMC statement and updated projections, but - 10 minutes ahead of Janet Yellen's press conference - the S&P 500 (SPY +0.2%) has retuned to the green.
    • Gold (GLD -0.3%) adds to its declines, now off 0.3% at $1,232 per ounce.
    • The dollar (UUP +0.2%) moves higher as well.
    • Previously: FOMC statement and projections lean hawkish
    | 14 Comments
  • Sep. 16, 2014, 9:38 AM
    • Forty-eight percent of fund managers believe the Fed will begin rate hikes in Q2, according to the BAML Fund Manager Survey for September. That's up from 38% one month previous. The ECB is a different story - with 42% expecting QE before year's end vs. only 32% believing so in August.
    • Naturally in this scenario, the group overwhelmingly - 86% - expects the dollar (NYSEARCA:UUP) to strengthen, not just against the euro (NYSEARCA:FXE), but the yen (NYSEARCA:FXY) as well, given the BOJ's threat to ease more.
    • The Scottish referendum, meanwhile, has managers skittish, with the U.K. (NYSEARCA:EWU) being the region most want to underweight in the coming 12 months.
    • Dollar ETFs: UUP, UDN, FORX, UDNT, UUPT, USDU
    | 3 Comments
  • Sep. 12, 2014, 4:13 PM
       
    | Comment!
  • Sep. 12, 2014, 10:43 AM
    • The last time the greenback climbed for nine consecutive weeks was from Dec. 1996-Feb. 1997, and Morgan Stanley sees next week's Fed meeting as a catalyst for more gains should forward guidance tilt a little less dovish.
    • The reason for the dollar strength is no secret: U.S. growth is outpacing that of most of the rest of the world, and the Fed is talking rate hikes, while central banks in Europe and Japan are figuring how to ease policy even more (though the Bank of England is also on course for rate hikes).
    • Previously: BofA moves up forecast of first rate hike by 3 months
    • The PowerShares U.S. Dollar Index Bull ETF (NYSEARCA:UUP) is higher by about 6% since the streak began.
    • ETFs: UUP, UDN, FORX, UDNT, UUPT, USDU
    | 14 Comments
  • Sep. 5, 2014, 8:43 AM
    • The weak headline jobs number gets a little bit worse after revisions, with August's 209K jobs gain revised higher by 3K, but July's 298K gain adjusted lower by 31K.
    • The average workweek of 34.5 hours was unchanged for the sixth straight month. Average hourly earnings of $24.53 was up $0.06 in August, and up 2.1% on a Y/Y basis.
    • The labor force participation rate of 62.8% fell from 62.9% in July. A year ago, it was 63.2%. Total not in labor force of 91.8M vs. 90M one year ago.
    • The broader U-6 unemployment rate slipped to 12% from 12.2% in July. One year ago it was 13.6%.
    • Lower ahead of the report, S&P 500 (NYSEARCA:SPY) futures have bounced back to flat, and the 10-year Treasury yield dives lower, now off six basis points to 2.39%.
    • TLT +0.4%, TBT -0.8%.
    • Also lower ahead of the number, gold (NYSEARCA:GLD) is now ahead by 0.3%.
    • The dollar (NYSEARCA:UUP) is bouncing around, but little-changed on the session.
    • Full report
    | 3 Comments
  • Sep. 5, 2014, 4:47 AM
    | Comment!
  • Sep. 2, 2014, 9:15 AM
    • At issue as the euro (NYSEARCA:FXE) touches a one-year low and the yen (NYSEARCA:FXY) nears its weakest level of 2014 are expectations for the divergent paths of monetary policy. While the Fed is signaling a rise in interest rates by this point next year, the ECB is set to further ease policy this week and the BOJ isn't tightening any time soon.
    • Old news? CFTC data on futures positions show bearish bets against the euro have jumped to their highest level in more than two years, and those short the yen approaching peaks seen in 2013. Futures, of course, are a tiny slice of a vast foreign currency trading market.
    • ETFs: UUP, UDN, FORX, UDNT, UUPT, USDU
    | Comment!
  • Aug. 22, 2014, 10:12 AM
    • The major equity averages remain little-changed as do Treasury prices following the release of Janet Yellen's Jackson Hole address. Her talk sticks to the game plan - the first rate hike remains on tap for next year; the headline unemployment rate overstates labor market improvement; if employment or inflation picks up, hikes could come sooner than expected.
    • SPY +0.1%, TLT +0.1%, TBT -0.2%
    • Gold (NYSEARCA:GLD) remains as it was prior to the speech, +0.2% to $1,278 per ounce.
    • The dollar (UUP +0.2%) creeps higher.
    | 11 Comments
  • Aug. 21, 2014, 3:58 PM
    • "Relative to the norm," the market is overexposed to the greenback and to U.S. stocks, says Saxo Bank CIO Steen Jakobsen, expecting the dollar to "significantly weaken" beginning in mid-Q3.
    • Behind his call is his disagreement with the conventional wisdom that U.S. growth is set to accelerate. While Q3 may be decent, he says, "the real damage will come in Q4."
    • The dollar index hit its highest level in nearly a year this week, showing particular strength over the past few weeks against the euro, the pound, and the loonie.
    • Dollar ETFs: UUP, UDN, FORX, UDNT, UUPT, USDU
    | 1 Comment
  • Aug. 1, 2014, 4:24 PM
    | 1 Comment
  • Jun. 18, 2014, 2:26 PM
    • Ten-year Treasury yields are whipping around a bit, but are currently about as they were ahead of the Fed announcement, down three basis points on the session at 2.62%. The shift in dots, however, showing a slightly earlier/faster pace of rate hikes has 2015 and 2016 Eurodollar futures lower by 2-3 points (suggesting a higher Fed Funds rate).
    • TLT +0.6%, TBT -1.2%
    • Stocks are slightly higher than they were pre-announcement, the S&P 500 (SPY+0.3%.
    • Gold shows little reaction, up $1.50 per ounce to $1,273.50. GLD +0.25%
    • The dollar (UUP -0.2%), (UDN) remains as it was before the announcement.
    • Previously: Fed lowers 2014 GDP projection, but 2015 and 2016 hold
    • Previously: Fed sees slightly faster pace of rate hikes
    • Janet Yellen's press conference begins at 2:30 ET.
    | 4 Comments
  • Jun. 10, 2014, 2:58 PM
    • As last week made clear, central banks in Europe and Japan are getting more aggressive while the Fed moves in the opposite direction, says the chief investment strategist for BlackRock.
    • Implications: 1) Global interest rates are likely to stay low even as the Fed pulls back; 2) The dollar (UUP, UDN) is likely to strengthen; 3) ECB and BOJ liquidity, while maybe providing a boost to U.S. stocks, is almost certainly going to add a big lift to European and Japanese equities, and U.S. investors should consider boosting holdings of both.
    • Japan equity ETFs: DXJ, EWJ, NKY, DBJP, EZJ, EWV, JPNL, ITF, JPP, JPNS, HEWJ, FJP
    • Broad European equity ETFs: VGK, FEZ, IEV, EPV, HEDJ, EZU, FEU, FEP, UPV, ADRU, FEEU, EURL, EURZ, FIEU, DBEU
    | 2 Comments
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.
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Country: United States
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