|Bid||0.0000 x 47300|
|Ask||0.0000 x 40000|
|Day's Range||24.7710 - 24.8100|
|52 Week Range||23.0900 - 25.2900|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.76%|
In its meeting, the FOMC indicated that US financial market volatility had increased since its last meeting in March. Members felt that low-volatility (VXX) strategies had been less prevalent in February, leading to market turmoil. The May meeting minutes indicated that members felt that US financial conditions had somewhat tightened in the inter-meeting period but that they remained accommodative—a signal that members were comfortable with the further tightening of financial conditions.
The most recent FOMC meeting was on May 1–2. The decision to leave the rate unchanged had been expected by the markets, but the FOMC used the meeting to announce a likely rate hike in June. FOMC meeting minutes are usually released three weeks after an FOMC meeting.
Argentina seeks aid from the International Monetary Fund as the peso continues to bleed amid broad emerging markets sell-off.
With the U.S. dollar appreciating against foreign currencies, currency traders and international investors can ride the wave or hedge against weakness in other areas through exchange traded funds. The ...
The US Dollar Index rose ~0.4% to 93.6 on May 15–22—the highest level since December 18, 2017. The active WTI oil futures increased ~1.2% on May 15–22. The strong US Dollar Index limited the upside for oil prices during this period.
Last week, the Japanese yen (JYN) depreciated against the US dollar for the eighth consecutive week as the dollar continued its upward surge. It was the best run for the dollar against the yen since October 2014. The primary reason for the yen’s weakness is the widening spread between the US and Japanese treasuries, which is being driven by strong US economic performance compared to Japan.
On May 11–18, US crude oil July futures rose 1%. On May 18, US crude oil July futures settled at $71.37 per barrel—0.2% below the highest closing level for US crude oil active futures in more than three years. On May 17, US crude oil active futures settled at $71.49 per barrel—the highest close since November 26, 2014.
In the previous two parts of this series, we looked at the famous emerging markets analyst Mark Mobius, who believes the ten-year bull market in the United States is due for a correction. The short-term corrections can be quite dramatic.” Improvements in fundamental factors mainly support this statement.
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
US ten-year Treasury note yields (IEF) hit a high mark of approximately 3.1% today—a record since July 2011. Yesterday was also an up-day for US yields. The two-year Treasury note yield (SHY)(GOVT) hit a new multiyear high of approximately 2.6%—its highest level since August 11, 2008.
The BofA Merrill Lynch global fund manager survey is a monthly survey conducted by Bank of America Merrill Lynch (or BofAML) that collects responses from approximately 200 institutional, mutual, and hedge fund managers around the world. The survey collects the views of global managers on equity markets (SPY), the most crowded trades for that month, and what managers consider to be risks to the global markets (VOO).
Futures Down, Wal-Mart Earnings On Tap Stock futures are back down again today after a respectable rebound yesterday. The S&P 500 would have to go above 2,742 to confirm a higher high, and above 2,730 to confirm a higher closing high. Nasdaq futures are down farther, about 0.4%, nearly erasing gains of 0.6% from yesterday. […] The post Market Morning Roundup: Intel Goes Self Drive, Japan Threatens Tariffs, Oil Nears $80 appeared first on Market Exclusive.
The once-sluggish U.S. dollar is roaring back with vengeance. For the 90 days ended May 15, the PowerShares DB US Dollar Bullish ETF (NYSE: UUP ) returned 4.7 percent. While dollar strength is not yet ...
The US Dollar Index rose ~0.7% to 93.2 on May 15—the highest level since December 26, 2017. June WTI oil futures increased ~0.5% on May 15. The strong US Dollar Index restricted the upside for oil prices during this period.
Not many folks have been paying attention to the U.S. dollar’s latest jump, which is too bad, because it’s opened up a glaring profit opportunity. Before I unveil it, let’s take a quick look at how the dollar is driving this profit opportunity. First off, the dollar has had a troubled history with President Trump, and that history is by design.
The US Iran nuclear deal pullout failed to increase demand for haven bids such as the yen. The yen (FXY) closed last week at 109.39 against the US dollar (UUP), depreciating by 0.25%. A weak yen is positive for the export-dependent Japanese economy.
The British pound (FXB) was unchanged against the US dollar (UUP) last week despite the dollar’s rally stalling, possibly due to the BOE’s (Bank of England) move to leave policy rates unchanged. British equity markets (BWX) are enjoying the pound’s weakness and have managed a seventh consecutive positive week, aided by continued positive momentum across global markets. According to the Commodity Futures Trading Commission’s May 11 commitment of traders report, speculators decreased their overall bullish positions on British pound (GBB) by 17,384 contracts last week, to 8,988 contracts from 26,372—the lowest level in two months.
The euro-dollar (FXE) exchange rate closed at 1.2 on May 11, with the euro depreciating by 0.13% against the US dollar (UUP). The euro’s slide was halted despite weaker-than-expected European data thanks to the US dollar taking a breather.
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. The core consumer price index, which excludes volatile food and energy prices, rose 0.2%, marking a 2.1% year-over-year increase. The US dollar (UUP) fell after this report, as a slower rate of inflation (TIP) growth could mean a slower pace of rate hikes. In a developed economy, higher interest rates boost the currency. On May 10, the US dollar (USDU) index closed at 92.5. It appreciated by 0. ...
On May 4–11, US crude oil June futures rose 1.4%. On May 11, US crude oil June futures settled at $70.7 per barrel—0.9% below the highest closing level for US crude oil active futures in more than three years. On May 10, US crude oil active futures settled at $71.36 per barrel—the highest level since November 26, 2014.
The US Dollar Index rose ~0.7% to 93.1 on May 1–8—the highest level since December 26, 2017. June WTI crude oil futures increased ~2.7% on May 1–8. The strong US Dollar Index would have limited the upside for oil prices during this period.
U.S. President Donald Trump managed to deal another blow to the markets by deciding to withdraw from the Joint Comprehensive Plan of Action, best known as the “Iran deal”, causing oil to spike to levels not seen in more than three years.