Invesco DB US Dollar Index Bullish Fund

  • UUP

  • $29

  • -0.07%

  • $29

  • $29

  • $29

Ticker Appearances

Tue, October 10, 2023 | 11:00AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
Tue, October 10, 2023 | 11:00AM ET
US Dollar index (DXY) has finally cracked the uptrend from July, which should be bullish for Emerging markets, and Metals as Yields start to come down- Both Euro and Pound show TD Buy Setups on weekly basis (Downside exhaustion) while GBPUSD also has daily 13 Countdown buys (exhaustion)- I expect Dollar to fall in Q4 and this looks to be underway- For those not involved in FX trading, UUP -0.07% , the DB US Dollar Bullish fund ETF by Invesco, is likely to drop to 28.5--28.75, while Sterling & Euro ETF's like FXB, FXE, can rally
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