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At the end of last week, the U.S. dollar gained against the euro due to the ever-present worries that EU leaders won’t get their act together soon enough to fix their debt crisis. Concern in the market in regards to the European sovereign debt has placed the euro in a precarious situation. The currency will end the Read more…
Remember when the market had a massive gain this summer because there was the thought of a Grand Compromise on the U.S. debt problem between President Obama and Speaker of the House Read more…
There seemed to be a little hope mingling in the markets at the end of last week. Global equities rose for a fourth straight day on Friday. The Nasdaq had just finished posting its biggest weekly advance since the summer of 2009. The cherry on top came in the form of gains elsewhere in global equity Read more…
On July 28, I wrote a column recommending Market Vectors Double Short Euro ETN (NYSE:DRR) as a way to take advantage of growing problems in the Eurozone. Since then, that ETF has jumped 7 percent. I see more upside in that fund. However, today I’m going to recommend another way to take advantage of an oversold dollar: PowerShares DB US Dollar Index Bullish (NYSE:UUP). It’s likely to Read more…
Kevin Kerr: The massive differences between the various nations in the European Union have always been apparent. But now as the euro zone is literally crumbling in front of us, the depth of that divide has become more obvious than ever. Read more…
You may have never thought it possible, but right now, more than any time in the past few years, it is not unthinkable to be bullish in the morning, bearish after lunch, and neutral into the close, all in the same day. It is not right Read more…
NYSE:BNZ, NYSE:DRR, NYSE:EDV, NYSE:FXA, NYSE:FXF, NYSE:TBT, NYSE:TLT, NYSE:TMF, NYSE:UDN, NYSE:UUP
Last week, Moody’s stated that Greece’s 2011 bailout will weaken Europe’s strongest countries’ credit ratings and result in a Greek default. The rating agency went on to say that even though the European Union made the process of dealing with defaulting members easier, the final adopted measures could lead to the creditor countries’ downgrades because of the inevitability of future bailouts. Greece’s local- and foreign-currency bond Read more…
The Eurozone is a sight to behold. Economic growth is anemic. Greece is careening toward default on its sovereign debt. Ireland, Italy, Portugal and Spain may not be far behind. The break-up of the Read more…
After endless arm-twisting, scores of gloomy forecasts, and a host of ominous threats, the Greeks have finally acted just as their many new masters instructed. Throughout this entire year-long ordeal, made worse by the perpetual mayhem of protesters, the Euro has been the front line for wagering and sentiment prediction, having first plummeted and then Read more…
PowerShares and Deutsche Bank have rolled out two exchange-traded notes that give investors additional options for expressing their outlook on the performance of the U.S. dollar against its Read more…
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