|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||24.30 - 24.37|
|52 Week Range||23.66 - 26.83|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.78%|
The U.S. dollar remains a dud among developed currencies in 2017, but there the downtrodden greenback has the potential to pare its losses into the end of the year. The PowerShares DB US Dollar Index Bullish ...
November WTI (West Texas Intermediate) crude oil (USO)(USL) futures contracts fell 0.1% and were trading at $51.78 per barrel in NYMEX in electronic trading at 2:15 AM EST today.
The price of oil and the dollar have a historical relationship. Using the correlation between the two between 2014 and 2016, a fall in the broad dollar index meant a $3 per barrel climb in Brent, according to AllianceBernstein's Bob Brackett. Brackett points out that many of the top oil producers have exposure to gold, so lower oil prices means lower revenue and fewer dollars to deploy into production.
The British Pound (FXB) appreciated by more than 2% against the US dollar last week. The pound (GBB) closed for the week at 1.3288, appreciating by 1.69% against the US dollar (UUP).
The euro-dollar (FXE) pair closed the week ending October 13 at 1.1822 against the US dollar (UUP). The shared currency managed to rebound from an 11-week low the week before, affected by political turmoil ...
Not all members of the FOMC, according to the minutes of the meeting, were on the same page with respect to a December interest rate hike.
In this series, we'll discuss the September FOMC meeting minutes in detail and decide how the meeting minutes have changed the outlook for markets.
The Job Openings and Labor Turnover Survey is a forward indicator of economic activity. The US Fed takes this measure into consideration when making monetary policy decisions involving interest rates.
According to the employment data that came out last week, US employment fell in September for the first time in about seven years.
Stocks drifted higher on Tuesday, as the biggest news of the day was a 4.5% rise in Wal-Mart Stores Inc (NYSE:WMT) after the company announced a $20 billion buyback over the next two years amid very confident forward guidance on its e-commerce ramp-up plans. Airlines were on the move, with American Airlines Group Inc (NASDAQ:AAL) up 4.8% and United Continental Holdings Inc (NYSE:UAL) up 4.7% on solid Q3 updates that cleared the air of concerns over competitive pricing. Political headlines seem to suggest the odds of an easy passage for President Donald Trump’s current tax cut proposal are slipping from possible to nil amid concerns about its cost and the share of the benefit that goes to the rich.
Per a Report by the RIA, North Korea is prepping another missile test that can reach the west coast of the United States. This led to a decline in the dollar.
The US Dollar Index fell 0.1% to 93.55 on October 9, 2017. However, it rose almost 1.1% last week. The US dollar (UUP) is near a ten-week high.
US crude oil prices are near a one-month low. Expectations of a rise in Cushing crude oil inventories and US crude oil production could pressure the prices.
It's possible that political pressures could keep the euro under pressure as the economic calendar remains light in the Eurozone.
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.
The Trump administration's central idea is to reduce the taxes paid by corporations and simplify the federal tax code—despite the projected effects on the deficit.
Alan Valdes, Director of Floor Operations at Silverbear Capital, joins Yahoo Finance's Alexis Christoforous from the floor of the New York Stock Exchange to discuss the market for gold, which is up three days straight.