USD ETF

USD seeks 2x daily returns of the Dow Jones U.S. Semiconductor Index, with Nvidia making up over 40% of the ETF. The growing demand for semiconductors, driven by AI and everyday electronics, supports a bullish outlook for USD. The cyclical nature of semiconductors and geopolitical risks could lead to significant price swings and deviations from the 2x return target.

Market analyst Matt Weller suggests that leading indicators point towards a stronger-than-expected U.S. non-farm payroll report for September, with job growth possibly ranging between 130,000 to 200,000. This economic data is anticipated to influence the U.S. Dollar Index, along with the average hourly earnings for the month.

The VanEck Semiconductor ETF has experienced significant growth in 2024, surpassing the performance of the S&P 500 Index. The ProShares Ultra Semiconductors ETF presents a riskier but potentially more rewarding option due to its leveraged strategy. Opting for investments in specific companies such as Nvidia Corporation could yield greater profits, albeit with increased risks.