WisdomTree Bloomberg US Dllr Bullish ETF

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.

According to the latest Bank of America Merrill Lynch survey, US tech was the most crowded space, displacing short European equities (HEDJ).

JPMorgan Chase (JPM) thinks that gold prices (GLD) should go higher. Right now, the Fed is patient on rate hikes.

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.

Jeffrey Gundlach believes that if the equities do well this year, emerging market equities will do better than US stocks (SPY) (DIA).

The Federal Reserve’s two main objectives are stabilizing prices and maximizing employment.

During his “Highway to Hell” webcast, Jeffrey Gundlach put forth several arguments for a bearish long-term outlook for the US dollar (UUP).

Gold prices (GLD) fell by over 2.5% in the week ended March 1, their biggest weekly decline since August 2018.

The Federal Reserve has two main objectives: price stability and maximizing employment.

In this article, we’ll see if central bank buying can drive gold demand in 2019 like it did in 2018.

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.

Jeffrey Gundlach said during Barron’s 2019 Roundtable that “Gold and commodities broadly should benefit this year.”

Ray Dalio discussed his take on the slowdown in China and how it could impact worldwide growth at the World Economic Forum in Switzerland.

For the second straight month, the so-called FAANG and BAT stocks weren’t the most crowded trades.

Like the Fed’s policies, the strong US dollar (UUP) impacted gold prices (GLD) this year.

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.

Goldman Sachs (GS) turned positive on gold (GLD) for the first time in more than five years back in March.

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.

For most of the year, gold prices (GLD) have languished, thanks to a strong US dollar (UUP), hawkish Fed rate hike outlook, and strength in the equity markets.

According to the Bank of America Merrill Lynch Survey, the US dollar (UUP) replaced the FAANG and BAT stocks as the most crowded trade.

In a report published on November 26, Goldman Sachs (GS) stated that commodities (COMT) could climb 17% in the coming months.

As we’ve discussed in this series, market uncertainty is increasing after an unusually calm 2017 and part of 2018.

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.

After a calm period in stock markets, downside risks have increased.

The US dollar (UUP) has been on a fairly upward trajectory in 2018 thus far.

The demand for gold in India (INDA) was lukewarm in the first half of the year, mainly due to stronger equity markets and higher gold prices measured in rupees.

The White House has acknowledged that the deficit is growing faster than it had expected.

The US dollar (UUP) has been on a fairly upward trajectory in 2018 thus far.

gold has not been able to draw safe-haven bids in 2018 so far, as the strong US dollar (UUP) keeps weighing it down.

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.

The SPDR Gold Trust ETF (GLD) has fallen ~8.4% year-to-date and ~11.5% from its April peak.

While India imported 41 metric tons of gold in August 2017, this figure more than doubled to 92 metric tons in August.

In August, gold prices saw a fifth consecutive monthly decline, which is the longest streak in the last five and a half years.

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.”

Gold prices (GLD) recorded their first weekly gain last week after six weeks of continued losses. What changed?

Usually, gold (GLD) gains due to economic or political turmoil. In 2018, gold has been behaving more like a risk asset.

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.

The rupee has depreciated by ~7.0% year-to-date against the US dollar. This event caused local gold prices to rise.

Although the US dollar has been gaining as a safe-haven asset as trade concerns heighten, a further escalation could leave it vulnerable.

Investors, market participants, and analysts have been puzzled by gold’s weakness in recent months despite escalating trade war tensions.

The US Dollar Index (UUP) (USDU) rose to a one-year high on July 19 to 95.4 after Powell’s comments and the Philadelphia Fed survey findings.

A record number of fund managers in the BAML (Bank of America Merrill Lynch) July survey believe that gold is undervalued.

The US Dollar Index (DXY)(UUP) has risen 8.3% since its low on February 15.

The US Dollar Index (UUP) managed a sharp recovery last week. The appreciation seemed to be due to tariff announcements.

The US Dollar Index (UUP) continued to appreciate but did so slowly in the week that ended on May 25.

Last week, the US dollar index bounced back from a minor pullback in the week ended May 11, aided by the rise of bond yields.

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.

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.

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.

The US dollar index saw one of the best weeks in over a year as the US dollar surged past many major currencies.

The ECB (European Central Bank) left its policy unchanged at its April meeting, squashing any hopes for tightening in the near term.

The US dollar (UUP) came under pressure after Donald Trump fired off a tweet about Russia and China on Monday.

The US dollar depreciated against its major trading partner currencies after the US inflation (TIP) report was released on Tuesday.

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.

As we discussed in the previous part of this series, China (FXI), Japan (EWJ), Ireland, and the Cayman Islands hold the majority of the debt issued to the United States.

The US Dollar Index, whose slide had been stalled in the past two weeks, saw losses as markets recovered last week.

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 […]

The US Dollar Index (UUP) managed to close in positive territory in the week ended February 8, 2018, after posting seven consecutive weekly losses.

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.

The US Dollar Index (UUP) continued its decline, posting a fourth consecutive weekly loss during the week ended January 12.

The US Dollar index (UUP) began 2018 on a negative note, posting losses against most of the major currencies.

The US dollar’s long-term outlook looks marginally better in 2018 than in 2017.

Overall in 2017, the dollar index fell 9.8%.

The US Dollar index (UUP) failed to capitalize last week on the optimism from Congress passing the US tax reform bill.

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.

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.

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.

The US Dollar Index (UUP) managed to close the week ending December 1 in positive territory with a gain of 0.14%.

In the Conference Board Leading Economic Index, the average weekly unemployment claims have 3.0% weight.

The US Dollar Index (UUP) had another bad week as traders offloaded long dollar positions amid tax reform uncertainty last week.

The US Dollar Index (UUP) continued to struggle as the fate of US tax reform remains uncertain.

Bitcoin has been rallying for the past year, with some proponents advocating that it could replace fiat currencies in the future.

The US Dollar Index (UUP) lost steam last week after posting three consecutive weekly gains.

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.

The British pound depreciated 1.41% against the US dollar after the policy statement from the BOE (Bank of England) on November 2.

The US Dollar Index (UUP) continued its ascent last week.

The average weekly unemployment claims have a weight of 3.0% in the Conference Board Leading Economic Index (or LEI).

The S&P 500 Index is presently trading at a trailing price-to-earnings ratio of 22.7x.

China’s yuan is strengthening gradually against the US dollar. In the last year, it has risen 2.2% against the US dollar.

The US Dollar Index (UUP) has bounced back from the shallow low that it saw the previous week.

The US Dollar Index (UUP) turned lower again in last week after a surprise rally following the October jobs report on October 6.

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.

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.

The US Dollar Index (UUP) continued its rally last week, closing at 92.88 and posting a gain of 0.99% for the week.

In September, Fed Vice Chair Stanley Fisher submitted his resignation, citing personal circumstances, and will step down in mid-October.

The dollar index saw downward movement between December 28, 2016, and September 8, 2017.

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 […]

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 […]

The US Dollar Index (UUP) failed to rally aggressively despite a hawkish surprise from the US Fed.

The US dollar rallied after the latest FOMC (Federal Open Market Committee) meeting statement was released on September 20.

The US Dollar Index (UUP) witnessed a sharp recovery last week, rebounding from a two-year low of 91.0.

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.

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.

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%.

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 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.

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.

The US Dollar Index (UUP) surprised the markets with its resilience despite a weak August jobs report.

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.

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.