UDN News and Press, Invesco DB USD Index Bearish

2024-07-19 07:15:00 ET Summary Among the G10 currencies, only the Swiss franc and Japanese yen gained on the greenback amid what appears to be some unwinding of carry trades. The Dollar Index is being sold through 104.00 for the first time in three months, in the middle of the wee...

2024-07-19 03:45:00 ET Summary Japanese authorities have not confirmed whether they have intervened in the market to support the Yen. USD/JPY broke a long-term descending trendline but found support near the 100-day MA and 155.00 level. Price Action outlook and potential setup...

2024-07-18 06:45:00 ET Summary The US dollar enjoys a firmer bias today, in mostly quiet turnover in narrow ranges. With yesterday's gains, the euro met the (61.8%) retracement of the decline from $1.1140 at the end of last year. The 50.2k increase in Australian jobs in June w...

2024-07-18 06:30:00 ET Summary More data was released indicating greater disinflationary progress in the US - which, in my view, means we will get a Federal Reserve rate cut this quarter. I think this will be a rather positive earnings season. S&P 500 companies are forecasted ...

2024-07-17 22:10:00 ET Summary The combination of the Great Financial Crisis period and the Covid era created some of the most interesting economic experiments in history, which also resulted in some of the worst narratives in finance and economics. In the wake of the Financial Cr...

2024-07-17 21:45:00 ET Summary Government borrowing and the national debt are barely getting a mention in the US election campaign, yet a failure to change trajectory risks further debt downgrades, more market volatility and higher borrowing costs. This will pose ec...

2024-07-17 08:30:00 ET Summary Explore key themes from our Secular Outlook, including fiscal policy, geopolitical risks, AI, and upcoming elections, and learn how these factors could shape the future of fixed income markets. 2024 elections obviously can potentially be a disruptor ...

2024-07-17 07:44:00 ET Summary The dollar's intraday momentum indicators are stretched ahead of the North American open. Equities were mixed in Asia but have fallen in Europe. The STOXX 300 is lower for the third consecutive session and is off nearly 2% so far this week. US in...

2024-07-17 07:00:00 ET Summary The reordering of US election outcomes led to a bear steepening in US treasuries. The global easing cycle kicked off with the European Central Bank, Bank of Canada, Riksbank, and Swiss National Bank all beginning interest rate cuts. Financial mar...

2024-07-17 04:35:00 ET Summary The US economy is still growing (positive GDP) but growth has slowed and signs of weakness are apparent. This should not be a surprise: the Federal Reserve raised interest rates by about 5.5% between Spring of 2022 and Summer of 2023 in an attempt to slo...