Power Shares US Dollar Index Bullish (UUP)

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Published Economic Data: U.S. Trade Deficit, Jobless Claims
Issued June 9, 2011

Jun 09, 2011 (MarketNewsVideo.com via COMTEX) -- The U.S. trade deficit shrunk in April due to the impact of fewer imports from Japan in the wake of the earthquake and tsunami there.

The trade deficit narrowed 6.7%, to $43.7 billion, more of a decline than economists anticipated.

Also today, the Labor Department said first-time filings for unemployment benefits rose by 1,000, to a seasonally adjusted 427,000 for the week ending June 4.

Economists had anticipated initial jobless claims would fall.

Gold is trading around $1,539 an ounce today, with the SPDR Gold Shares (GLD) trading up about .1% and the iShares Gold Trust (IAU) trading up around .1%.

Oil is trading at around $101 a barrel following OPEC's surprise decision yesterday to maintain production quotas rather than raise them, and the DB Oil Fund (DBO) trades down slightly.

The dollar is holding steady following the data, with the U.S. Dollar Bullish Fund (UUP) trading up over .3% Thursday.

The preceding is a transcript of the MarketNewsVideo.com video published at:

http://www.marketnewsvideo.com/?id=201106EconETF060911&mv=1.


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