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Latest WisdomTree Bloomberg US Dllr Bullish ETF News and Updates
Have We Seen a Short-Term Bottom for the Dollar?
The US Dollar Index (UUP) managed to close in positive territory in the week ended February 8, 2018, after posting seven consecutive weekly losses.
AngloGold, South Africa’s Lowest-Cost Miner: Can Others Catch Up?
AngloGold Ashanti (AU) is the lowest-cost South African gold miner.
Gold Gains on US-Mexico Trade Deal—What’s the Upside?
Gold prices (GLD) recorded their first weekly gain last week after six weeks of continued losses. What changed?
Will the US Dollar Index Strengthen before the FOMC Statement?
Asian currencies traded lower against the dollar ahead of the FOMC statement. The US dollar-Japanese yen currency pair rose by 0.80% at 6:00 AM EST on July 27.
What’s the Outlook for the US Dollar in 2018?
Overall in 2017, the dollar index fell 9.8%.
Will Yellen’s Hawkishness Drive the US Dollar Higher?
The US Dollar Index (UUP) closed at 95.79 with a rise of 0.39% last week. This rise was a welcome relief for the dollar.
Sharp Fall in Crude Oil Price Dictate the Currencies Markets
Looking at the performance of the major commodity-driven currencies on July 25, the Nigerian naira was the biggest casualty.
Why Did the Germany ZEW Economic Sentiment Fall?
The Germany ZEW Economic Sentiment Index is at ten in August 2017—compared to 17.5 in July 2017. It didn’t meet the market’s expectation of 15.0.
Can the Mexican Peso Weather the Trump Effect?
The Mexican peso recently climbed in value after the Trump administration said that it would not exit NAFTA altogether.
Dollar Index Has Been Falling since Start of 2017
On a year-to-date basis, the dollar index has fallen nearly 9.5% as of August 2, 2017.
Why the Ruble Is on the Rise
The recovery of oil prices in the latter half of 2016 has helped the Russian ruble to appreciate along with improved exports.
How Is Stillwater Cutting Costs to Stay Ahead of Platinum Prices?
Stillwater Mining (SWC) has seen a significant increase in recovery rates, which is one of the best in the PGM (platinum group metals) industry.
How Are South African Gold Miners Doing Post-Brexit?
This year has been exceptional for South African gold miners. The uptrend for the stocks has been driven by gold’s safe-haven appeal and the weak South African rand.
Why the Bottom for Gold Could Be Close
The SPDR Gold Trust ETF (GLD) has fallen ~8.4% year-to-date and ~11.5% from its April peak.
Inside AngloGold Ashanti’s Positioning in 2016
YTD, Sibanye Gold (SBGL) has risen by 191%, while AngloGold Ashanti (AU) and Gold Fields (GFI) have risen 180% and 100%, respectively.
How Have Harmony and Sibanye Outperformed Their Peers in 2016?
On May 27, Harmony Gold (HMY) had gained a staggering 275% year-to-date.
How Much Is China Really Devaluing Its Currency?
China had pegged its currency, the yuan, to the US dollar as it was a developing nation.
Why Goldman Sachs Has Revised Its Gold Forecast Higher
Goldman Sachs (GS) has long been bullish on gold. In March 2018, the bank turned positive on gold (IAU) for the first time in more than five years. It’s since been advising investors to turn defensive due to its forecast of increased risk, recommending that investors go for high-quality stocks and gold.
JPMorgan Chase Expects Gold to Go Higher in 2019
JPMorgan Chase (JPM) thinks that gold prices (GLD) should go higher. Right now, the Fed is patient on rate hikes.
Shorting European Equities Is Crowded—Could It Mean a Reversal?
According to the latest Bank of America Merrill Lynch survey, shorting European equities has been the most crowded trade for two months in a row.
These Assets Could Be Attractive If Fed Rethinks Inflation Course
The Federal Reserve’s two main objectives are stabilizing prices and maximizing employment.
Why Gundlach Thinks It’s Time to Be a Long-Term US Dollar Bear
During his “Highway to Hell” webcast, Jeffrey Gundlach put forth several arguments for a bearish long-term outlook for the US dollar (UUP).
JPM Likes Gold, as Fed Might Let Inflation Overshoot Target
The Federal Reserve has two main objectives: price stability and maximizing employment.
Could Central Bank Buying Be a Major Driver for Gold in 2019?
In this article, we’ll see if central bank buying can drive gold demand in 2019 like it did in 2018.
What’s the Upside for Gold from the Fed’s Meeting This Week?
Gold prices rose ~1.4% to a seven-month high on January 25. Gold prices briefly breached the psychologically important $1,300 per ounce mark.
Why Gundlach and Einhorn Are Betting on Gold
Jeffrey Gundlach said during Barron’s 2019 Roundtable that “Gold and commodities broadly should benefit this year.”
Why J.P. Morgan Is Bullish on Gold in the Second Half of 2019
In contrast to Bank of America Merrill Lynch’s bullish view on gold (GLD) in 2019, JPMorgan Chase (JPM) expects gold (NUGT) and silver’s (SLV) performance to remain to lukewarm—at least in the first half of 2019.
What Makes Goldman Sachs ‘Extremely Positive’ on Gold in 2019?
Goldman Sachs (GS) turned positive on gold (GLD) for the first time in more than five years back in March.
The Gold Equities Credit Suisse Favors in 2019
Credit Suisse (CS) is positive about gold prices (IAU) in 2019. The bank expects gold prices to average $1,275 per ounce in 2019 and $1,300 in 2020.
Why Is Goldman Sachs Extremely Sold on Gold in 2019?
In a report published on November 26, Goldman Sachs (GS) stated that commodities (COMT) could climb 17% in the coming months.
Could Market Risks Restore Investor Confidence in Gold in 2019?
As we’ve discussed in this series, market uncertainty is increasing after an unusually calm 2017 and part of 2018.
Why the US Dollar Could Be Bullish for Gold in 2019
The US dollar (UUP) has been on an upward trajectory in 2018 so far. Year-to-date, it’s up ~7.4% compared to other major global currencies.
Could Market Risks Restore Investors’ Focus on Gold and Miners?
After a calm period in stock markets, downside risks have increased.
Could Gold Rise despite a Strengthening US Dollar?
The US dollar (UUP) has been on a fairly upward trajectory in 2018 thus far.
Dalio Predicts Weaker Dollar due to Budget Deficit Financing
The White House has acknowledged that the deficit is growing faster than it had expected.
Could Trade Tension Support the US Dollar Again?
The US dollar (UUP) made a comeback on September 14 after reports suggested that Donald Trump is planning to impose tariffs on Chinese goods worth $200 billion, despite trade talks.
These Analysts Expect Gold Prices to Rebound on Short Squeeze
UBS strategist Joni Teves believes that the shorting of gold (GLD) “should ultimately be supportive” for the metal and allow “ample space for positions to be rebuilt ahead.”
Why an Autumn Rally in Gold Could Be around the Corner
While the US dollar (USDU) has been gaining as a safe-haven asset as trade concerns heighten, a further increase could leave the dollar vulnerable.
Fund Managers Believe Gold Is Undervalued: Time to Buy?
A record number of fund managers in the BAML (Bank of America Merrill Lynch) July survey believe that gold is undervalued.
US Dollar Is Dominating the Forex Markets
The US Dollar Index (UUP) managed a sharp recovery last week. The appreciation seemed to be due to tariff announcements.
What’s Driving the US Dollar Higher?
The US Dollar Index (UUP) continued to appreciate but did so slowly in the week that ended on May 25.
What Drove the US Dollar Lower Last Week
The US dollar index (UUP) took a breather last week, closing at 92.44, 0.03% higher than its close of 92.41 in the week ended May 4.
Could the US Dollar Slump Be Short Lived?
The US dollar depreciated against its major trading-partner currencies after the Bureau of Labor Statistics reported on May 10 that US consumer prices grew 0.1% in April after falling 0.1% in March.
Dollar Bears Under Pressure as Short Squeeze Continues
In April, the US dollar index posted one of its best monthly gains (2.0%) since November 2016, and it looks set to continue with the trend this month.
Why Did the US Dollar Appreciate with Bond Yields?
The US dollar index saw one of the best weeks in over a year as the US dollar surged past many major currencies.
Why the Euro Slid despite the European Central Bank’s Optimism
The ECB (European Central Bank) left its policy unchanged at its April meeting, squashing any hopes for tightening in the near term.
US Dollar Falls after Trump Comments on April 16
The US dollar (UUP) came under pressure after Donald Trump fired off a tweet about Russia and China on Monday.
Why the US Dollar Could Gain This Week
According to Reuters’ calculations, the US dollar’s net short positions decreased to -$11.5 billion compared to -$11.3 billion in the previous week.
Equity Market Rout Stalled: Will US Dollar Resume Its Slide?
The US Dollar Index, whose slide had been stalled in the past two weeks, saw losses as markets recovered last week.
What’s Boosted the US Dollar
US dollar posts second consecutive weekly gain Last week, the US dollar index, which has seen continuous declines in the last two months, managed to close in positive territory for a second consecutive week. Increased demand for safe-haven assets during the recent equity market rout boosted demand for the US dollar in foreign exchange markets. In […]
How the US Dollar Could React to a US Government Shutdown
According to the January 19 Commitment of Traders report, released by the Chicago Futures Trading Commission, large speculators have turned bearish on the US dollar.
Why the US Dollar Is Losing Its Appeal
The US Dollar Index (UUP) continued its decline, posting a fourth consecutive weekly loss during the week ended January 12.
Why the US Dollar Began 2018 with Losses
The US Dollar index (UUP) began 2018 on a negative note, posting losses against most of the major currencies.
How Could the US Dollar Fare in 2018?
The US dollar’s long-term outlook looks marginally better in 2018 than in 2017.
Can the US Dollar Gain Back Lost Ground This Week?
The US Dollar index (UUP) failed to capitalize last week on the optimism from Congress passing the US tax reform bill.
Why the US Dollar Resisted the Fed’s Latest Rate Hike
According to Reuters, the US dollar (USDU) net short positions increased to ~-$7.8 billion during the week ended December 15 compared to ~-$4.3 billion in the previous week.
Will the US Dollar Surge Higher after FOMC Meeting?
The US Dollar Index (UUP) continued its ascent against the other major currencies as investors positioned for a rate hike from the Fed and reacted to the increased possibility of tax reforms by the end of this year.
Will the US Dollar Surge on Tax Reform News?
The US Dollar Index (UUP) managed to close the week ending December 1 in positive territory with a gain of 0.14%.
Why the Fed’s Beige Book Is Relevant to Investors
The Beige Book, a source of data for the FOMC, gives investors in the bond and currency markets an idea of the future course of the Federal Reserve’s policy.
What Decreasing Weekly Unemployment Claims Say about the US Economy
In the Conference Board Leading Economic Index, the average weekly unemployment claims have 3.0% weight.
Reasons behind a 3rd Weekly Loss for the US Dollar
The US Dollar Index (UUP) had another bad week as traders offloaded long dollar positions amid tax reform uncertainty last week.
How Bitcoin Differs from Other Currencies
Bitcoin has been rallying for the past year, with some proponents advocating that it could replace fiat currencies in the future.
Could US Dollar Recover This Week?
The US Dollar Index (UUP) continued to struggle as the fate of US tax reform remains uncertain.
Will US Dollar Survive Tax Reform Uncertainty?
The US Dollar Index (UUP) lost steam last week after posting three consecutive weekly gains.
US Dollar Survived Dovish FOMC Statement, Lackluster Jobs Report
The US dollar index (UUP) remained supported last week despite a dovish FOMC statement and a lower-than-expected rise in monthly non-farm payrolls.
Why the British Pound Fell—Despite the Bank of England’s Rate Hike
The British pound depreciated 1.41% against the US dollar after the policy statement from the BOE (Bank of England) on November 2.
How the US Dollar Could React to November FOMC Meeting
The US Dollar Index (UUP) continued its ascent last week.
Is Rise in September’s Weekly Jobless Claims a Reason to Worry?
The average weekly unemployment claims have a weight of 3.0% in the Conference Board Leading Economic Index (or LEI).
What to Expect from the US Dollar This Week
The US Dollar Index (UUP) has bounced back from the shallow low that it saw the previous week.
Has the US Dollar Rally Ended for Now?
The US Dollar Index (UUP) turned lower again in last week after a surprise rally following the October jobs report on October 6.
Are Investors Positioning for a US Dollar Rally?
The US Dollar Index (UUP) closed at 93.64 last week, a gain of 0.82% and the fourth consecutive weekly rise. The dollar didn’t react to a loss of 33,000 jobs in September.
ADP Jobs Data Dragged Lower by Hurricanes in September
As per the September ADP National Employment Report, the US private sector added 135,000 jobs during the month. The figure is a sharp decrease from 228,000 in August.
Why Speculators Continue to Bet against the US Dollar
The US Dollar Index (UUP) continued its rally last week, closing at 92.88 and posting a gain of 0.99% for the week.
Is the Fed Headed for More Uncertainty?
In September, Fed Vice Chair Stanley Fisher submitted his resignation, citing personal circumstances, and will step down in mid-October.
Could Rising Interest Rates Help the US Dollar?
Double dose of optimism for the US dollar The US dollar (UUP) was being written off before the beginning of September, as the Fed was expected to stay on hold and other major central banks were expected to start policy normalization. However, the Fed had a surprise in store for the market. The FOMC’s (Federal Open […]
How Unemployment Claims Affected the Leading Economic Index
Weekly claims inch higher Average weekly unemployment claims are among the indicators used in the Conference Board Leading Economic Index (or LEI). Weekly unemployment claims, which are seasonally adjusted, give an idea of unemployment trends. Unemployment data has a weight of 3% in the LEI. We should pay attention to weekly claims in addition to non-farm […]
Why the US Dollar Failed to Rally despite Increased Rate Hike Odds
The US Dollar Index (UUP) failed to rally aggressively despite a hawkish surprise from the US Fed.
Assessing the US Dollar’s Rally after the Latest Hawkish Fed Statement
The US dollar rallied after the latest FOMC (Federal Open Market Committee) meeting statement was released on September 20.
Why the US Dollar Saw a Sharp Rebound
The US Dollar Index (UUP) witnessed a sharp recovery last week, rebounding from a two-year low of 91.0.
Will the S&P 500 Index Rally beyond 2,500?
The S&P 500 Index (SPY) closed the week ending September 15 at 2,500.23, gaining 1.6% as compared to the previous week’s close.
Understanding the Ups and Downs of the US Dollar
The US dollar has been on a roller coaster ride over the last ten trading sessions. The US dollar (UUP) index hit a low of 90.99 on September 8.
Will a Rising Deficit Impact Tax Cut and Infra Spending Reforms?
For this fiscal year, through August, the federal deficit stood at $674 billion. Compared to the previous year, spending is up 3% and receipts have risen 2%.
Why the US Dollar Could Be Poised for Further Losses
The US Dollar Index (UUP) failed to hold onto its gains from the previous week as investors were convinced that the Fed most likely wouldn’t make any changes to its monetary policy this year.
The Week Ahead for the S&P 500 Index
The S&P 500 Index (SPY) closed at 2,461.43 for the week ended September 8, 2017, falling 0.61% compared to the previous week’s close.
Could the Federal Reserve Surprise the Markets in September?
The US Federal Open Market Committee (or FOMC) is scheduled to meet on September 19 and 20 to discuss the current economic climate in the US and to decide whether any monetary policy adjustments are necessary.
How to Make Sense of the US Dollar Rebound
The US Dollar Index (UUP) surprised the markets with its resilience despite a weak August jobs report.
Could North Korea’s New Nuclear Test Drag S&P 500 Lower?
The S&P 500 Index (SPY) closed the week ended September 1, 2017, at 2,476.5, rising 1.3% compared to its close for the week ended August 25, 2017.
Why John Williams Feels Interest Rates Are Only Halfway There
John Williams, president of the Federal Reserve Bank of San Francisco, said that technology companies in the San Francisco Bay area are booming, and he sees no issues similar to the dot-com bubble.
Will Dollar Index Strengthen in the Second Half of 2017?
The Fed continued its gradual rate hike process in 1H17. In spite of the gradual rate hike, the Dollar Index weakened in 1H17.
Is the US Dollar Dying a Slow Death?
The US Dollar Index closed the week ending August 25 at 92.68—compared to 93.36 in the previous week.
What Could Move the S&P 500 Index This Week?
The S&P 500 Index (SPY) closed the week ending August 25 at 2,443.05 and rose 0.72%—compared to the close on August 11.
Why Weekly Unemployment Claims Are a Bright Spot for Markets
Weekly claims continue to slide The Conference Board Leading Economic Index (or LEI) uses the number of weekly unemployment claims as an indicator in its economic model. Seasonally adjusted weekly claims data gives an idea about trends in unemployment. Weekly unemployment has a 3% weight in the LEI. While there is a lot of focus on […]
Will the US Dollar Turn Around after Jackson Hole Symposium?
The US Dollar Index (UUP) managed to recover some of the losses it saw in the last few weeks.
Will the S&P 500 Index Recover from Last Week’s Fall?
The S&P 500 Index (SPY) closed last week at 2425.55, losing 0.65% as compared to its August 11 close.
New York Fed President William Dudley Discussed Inflation
In his speech on August 10, New York Fed President William Dudley joined the group of FOMC members to ease concerns about slowing inflation (TIP).
Will the US Dollar Gain or Lose This Week?
The US Dollar Index (UUP) struggled in the previous week as geopolitical tensions dominated markets across the globe.
A Lesson from Currency Markets during Geopolitical Tensions
Last week’s rising geopolitical tensions between the United States and North Korea turned the tide for the yen. The Swiss franc also appreciated.
Could a Strong Euro Stop the ECB from Tightening Policy?
The euro appreciated ~11.9% against the US dollar in 2017 and is expected to increase further this year.
Chart in Focus: A Look at the British Pound
The British pound recorded another multi-month high of 1.3266 against the US dollar before the Bank of England announced its inflation report and interest rate decision on August 3.
The US Dollar Seeks Another Rebound This Week
US inflation is expected to rise 1.7%, and any positive surprise could propel the US dollar higher by the end of next week.