UDN News and Press, Invesco DB USD Index Bearish From 05/29/24

2024-05-29 03:55:00 ET Summary The U.S. dollar, Swiss franc, and Japanese yen are among the most commonly cited safe haven currencies. Understanding the role of these currencies, the reasons they are considered safe havens and their behavior during turbulent times is crucial for m...

2024-05-28 19:00:00 ET Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...

2024-05-28 04:00:00 ET Summary A recent poll conducted by Harris and the UK news outlet The Guardian produced some interesting results. The reporting on this has been mostly political because the poll also found that 58% blame the Biden administration for the current state of the ...

2024-05-27 14:05:00 ET Summary The Q2 ’24 Atlanta GDP Nowcast is projecting mid 3% GDP for the 2nd quarter, 2024. Friday morning, we get Core PCE data for April ’24, and overall April PCE data is expected at +0.2%, while the April Core PCE data is expected at +0.3%. ...

2024-05-27 08:25:00 ET Summary The dollar traded mostly higher last week. The US 10-year yield bottomed near 4.30% in mid-May and reached 4.50% last week to test the 20-day moving average. The US dollar frayed support near CAD1.36 last week and recovered to almost CAD1.3750 be...

2024-05-27 04:22:00 ET Summary The US economic upturn accelerated again in May after two months of slower growth, with the early PMI data signaling the fastest expansion for just over two years. US business activity growth accelerated sharply to its fastest for just over two years...

2024-05-27 03:32:00 ET Summary Today’s unemployment and inflation environment is a far cry from what it was in the 1980s' stagflationary years. Median stock market volatility in year four of an election cycle is essentially the same as it is in years one and three. Chin...

2024-05-25 09:30:00 ET Summary Stronger than expected data and hawkish FOMC minutes lifted US rates and the dollar, while the market reduced expectations of ECB easing. Sterling remained resilient despite weak economic data, but rate expectations were impacted by stronger than exp...

2024-05-24 09:45:00 ET Summary It is widely known that markets can be influenced by economic data releases that deviate significantly from consensus. We have quantified the impact of economic surprises on the US government bond market for different tenors, as measured by the quint...

2024-05-24 07:35:00 ET Summary The dollar is paring yesterday's advance that was spurred by the rise in US rates following the preliminary PMI. Asia Pacific and European equities have sold off in the wake of yesterday's slide in the US. The Canadian dollar was the weakest of t...