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PowerShares DB US Dollar Bullish ETF Message Board

  • pupu0495 pupu0495 Apr 24, 2011 12:26 PM Flag

    will FED let UUP weekly fall to $18?

    will FED let UUP weekly fall to $18? we will find out after FOMC in Wednesday.

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    • The USD index is at about 74 now. It has only been below strong support at 74 one time for about 4 months since 2008 when it bottomed under 72 (matching that would be another 2 to 3% lower from here). After breaking up thru 74 it made 88 in just a few months (18% higher). Bernanke speak next week is key. Rick Santelli (of Squawk box) said Thursday that he sees almost no chance that Bernake will address the issue of the falling dollar and only a slight chance he will acknowledge there is an issue with the dollar. Consumers that buy energy and groceries are voters that are really starting to collide with this administration's say strong dollar while destroying the dollar policy. We live in interesting times and next week could be a historical point for our USD$

 
UUP
21.66+0.04(+0.19%)Jul 29 4:00 PMEDT

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