ProShares Short Euro ETF (EUFX) - NYSEARCA
  • Tue, Jul. 26, 3:04 AM
    • Just two months before the yuan is to be included in the IMF's Special Drawing Rights basket for the first time, the fund's board has adopted a new methodology for calculating the amounts of its global reserve currencies.
    • New weightings of the dollar, euro, yen and pound will be set on Sept. 30 and fixed for five years, pushing the yuan a step closer to being freely usable internationally.
    • ETFs: FXE, UUP, EUO, FXY, YCS, UDN, CYB, ERO, CNY, JYN, USDU, DRR, ULE, EUFX, FXCH, YCL, URR
    | Tue, Jul. 26, 3:04 AM | 5 Comments
  • Thu, Jul. 21, 9:28 AM
    • Noting the "encouraging resilience" with which markets have handled the Brexit news, Mario Draghi says the ECB will be in better position to assess the fallout in coming months.
    • Live blog
    • While expecting the eurozone economy to continue to move forward at a moderate pace, risks remain to the downside, in part thanks to the Brexit.
    • Asked about the unrelenting bear market in the stock prices of the EU's banks, Draghi says it's "of some significance" to policy makers because it raises the lenders' cost of capital, meaning lending becomes less profitable, meaning less lending. As for bank solvency, he's not too concerned, saying they're in much better shape than they were headed into the financial crisis.
    • The euro (NYSEARCA:FXE) has bounced around a bit, but is currently back to flat on the session at $1.1017. The Stoxx 50 (NYSEARCA:FEZ) initially dipped hard as Draghi began his press conference, but has returned to a loss of just 0.3%.
    • ETFs: FXE, VGK, EUO, HEDJ, FEZ, ERO, IEV, EPV, EZU, DRR, FEU, EURL, DBEU, ULE, EEA, EUFX, FEP, HEZU, UPV, IEUR, URR, FEEU, ADRU, FIEU, DBEZ, FEUZ, SBEU, HFEZ, HFXE, RFEU, PTEU, GSEU, DEZU, HGEU, FIEE
    | Thu, Jul. 21, 9:28 AM | 3 Comments
  • Sun, Jul. 3, 2:30 PM
    • via Morgan Stanley:
    • "The bottom line is that Brexit is ultimately a political crisis and one that is not likely to be resolved in a hurry. There will be many twists and turns in the path to ultimate resolution.
    • "There may yet be circumstances that give rise to bigger systemically risky events. For now, we don't think we are quite there and we feel that the current architecture of the global financial system is more resilient than it used to be when the last big storm hit us.
    • "That said, caution is clearly warranted. The global economy was not in great shape pre-Brexit and is now worse. There is likely to be more downside to come, particularly in European equities and in GBP.
    • "We see US assets across the spectrum - stocks, FX, credit and government bonds - as relative safe havens, and parts of securitized products, particularly US resi credit and broad exposure to US housing, as being relatively insulated."
    • ETFs: FXE, XHB, ITB, EUO, REZ, ERO, EUFN, DRR, CEE, TRF, PKB, ULE, GUR, EUFX, ESR, URR, IFEU, HOML, HBU, HBZ, NAIL, HOMX, CLAW, DBSE, FXB, EWU, GBB, EWUS, FKU, DXPS, DBUK, QGBR, HEWU
    | Sun, Jul. 3, 2:30 PM | 6 Comments
  • Thu, Jun. 30, 6:31 AM
    • The eurozone returned to inflation in June after four months of falling or stagnant consumer prices, principally due to a marked slowdown in the decline of energy prices.
    • The flash inflation estimate from Eurostat rose to 0.1% year-on-year in June from -0.1% in May, while core inflation remained at 0.8%.
    • The figures offer some good news for the ECB, which has struggled to boost prices across the euro area.
    • ETFs: FXE, EUO, ERO, DRR, ULE, EUFX, URR
    | Thu, Jun. 30, 6:31 AM
  • Fri, Jun. 24, 9:04 AM
    • Crashing European markets have brought the FTSE 100 (NYSEARCA:EWU) all the way back to levels not seen since ... Monday. The Stoxx 50 (NYSEARCA:FEZ), on the other hand, has tumbled to its weakest since the mid-February bottom.
    • "The U.K. will will soon be on the way to fixing its problems," writes Matthew Lynn. "For the rest of Europe, they are only just starting."
    • The reality for the U.K., says Lynn, is that it will work out some form of trading agreement with the EU and chug on mostly as before. Yes, some companies will relocate to spots with easier access to Europe, but other smaller ones will be attracted to the lower regulation of the U.K.
    • "It is very hard to be the first person to leave a party. It is a lot easier to be the second," says Lynn, explaining why the situation on the other side of the Channel is dicier. If the U.K. - which had relatively little reason to leave the EU - decided to exit, what does that mean for really struggling economies like Spain, Italy, and France?
    • ETFs: FXE, VGK, EUO, HEDJ, FEZ, ERO, IEV, EPV, EZU, DRR, FEU, EURL, DBEU, ULE, EEA, EUFX, FEP, HEZU, UPV, IEUR, URR, FEEU, ADRU, FIEU, DBEZ, FEUZ, SBEU, HFEZ, HFXE, RFEU, PTEU, GSEU, DEZU, HGEU, FIEE
    | Fri, Jun. 24, 9:04 AM | 142 Comments
  • Tue, Jun. 21, 9:35 AM
    • The ECB is ready for all contingencies should the Brexit vote not go how those in power wish, says Mario Draghi, testifying in Brussels.
    • As for the recovery, it's continuing at a moderate pace, he says, with inflation dynamics subdued. Further stimulus is in the pipeline, he assures.
    • The euro (NYSEARCA:FXE) has added to modest losses, now off 0.3% vs. the dollar to $1.1283.
    • ETFs: FXE, EUO, ERO, DRR, ULE, EUFX, URR
    | Tue, Jun. 21, 9:35 AM | 4 Comments
  • Tue, May 31, 5:34 AM
    • Euro area inflation stayed negative in May, according to a flash estimate from Eurostat, edging up to -0.1% from -0.2% the month before.
    • The latest figure is a far cry from the 2% inflation target set by the ECB, and comes after the central bank announced further stimulus measures in March in a bid to stimulate the bloc's economy.
    • Meanwhile, the eurozone's jobless rate came in flat at 10.2% for April, as unemployment dropped by 63,000.
    • Euro -0.1% to $1.1113.
    • ETFs: FXE, EUO, ERO, DRR, ULE, EUFX, URR
    | Tue, May 31, 5:34 AM | 3 Comments
  • Fri, May 13, 3:16 PM
    • Add Goldman Sachs to Deutsche Bank as two who no longer believe the euro will fall to $1 or less. Goldman now sees the euro at $1.05 one year from now, up from $0.95 previously forecast.
    • Earlier this week, Deutsche boosted its year-end estimate to $1.05 from $1.
    • Swaying currency teams was the euro's failure to go down after the ECB unleashed a stimulus bazooka late last year, and then doubled down earlier this year. The common currency was as low as $1.06 in early December, started 2016 at $1.08, and today buys a full $1.13. Go figure.
    • ETFs: FXE, EUO, ERO, DRR, ULE, EUFX, URR
    | Fri, May 13, 3:16 PM | 1 Comment
  • Thu, May 5, 3:20 AM
    • The European Central Bank is discontinuing production of the €500 note because of concerns it could facilitate illegal activities.
    • The currency has been nicknamed the "Bin Laden” because of its association with money-laundering and terror financing.
    • While the banknote will remain legal tender, the ECB will stop issuing the denomination around the end of 2018, when it will bring in new €100 and €200 notes.
    • ETFs: FXE, EUO, ERO, DRR, ULE, EUFX, URR
    | Thu, May 5, 3:20 AM | 3 Comments
  • Thu, Apr. 21, 8:55 AM
    • Just one month after the ECB pulled out its massive bazooka, did traders expect even more measures today? The euro (NYSEARCA:FXE) has shot higher by 0.7% vs. the dollar after the ECB left policy unchanged.
    • In his post-meeting press conference, Draghi says the ECB sees rates either holding steady or lower for an extended time. "We have a mandate for the whole eurozone, not just Germany." Take that Bundesbank!
    • Perhaps currency punters are reacting to Draghi's disavowal of helicopter money, noting the operational (not enough choppers?) and legal challenges.
    • Europe's Stoxx 50 (NYSEARCA:FEZ) is bouncing around, but currently lower by 0.5%.
    • ETFs: FXE, VGK, EUO, HEDJ, FEZ, ERO, IEV, EPV, EZU, DRR, FEU, EURL, DBEU, ULE, EEA, EUFX, FEP, HEZU, UPV, IEUR, URR, FEEU, ADRU, FIEU, DBEZ, FEUZ, HEGE, SBEU, HFEZ, HFXE, RFEU, HGEU
    | Thu, Apr. 21, 8:55 AM
  • Sun, Apr. 3, 6:59 AM
    • Greek PM Alexis Tsipras responded to the IMF yesterday with a scathing letter.
    • "Dear Christine,  I am writing to you to express my deep concern about publications on the position of IMF officials with key roles in the Greek program.
    • "The first issue is, of course, whether their position reflects the official IMF view. Using a credit event as a means to pressurize Greece and the other member states is clearly beyond the bounds of the negotiation process as we understand it.
    • "The second issue is whether Greece can trust, and continue negotiating in good faith with, IMF officials who express views such as those expressed in these publications. Particularly so as they seem to be threatening to delay the process in the belief that only a credit event will work to extract concessions. Successful negotiations are often difficult but they always require trust and credibility from all sides. I sincerely hope that the IMF position is to reach a quick, successful and sustainable conclusion of the review and I am sure you will take all necessary measures to ensure that the negotiation process will remain on track... Yours Sincerely, Alexis Tsipras."
    • ETFs: FXE, EUO, GREK, ERO, DRR, ULE, EUFX, URR
    | Sun, Apr. 3, 6:59 AM | 22 Comments
  • Sun, Apr. 3, 6:50 AM
    • IMF officials discussed the possibility of putting pressure on Germany to give Greece debt relief under the threat that the IMF would otherwise withdraw from the country’s bailout program, this according to a transcript of an internal conversation published by WikiLeaks.
    • “Look you, Mrs. Merkel, you face a question, you have to think about what is more costly: to go ahead without the IMF, would the Bundestag say ‘The IMF is not on board?’ or to pick the debt relief that we think that Greece needs in order to keep us on board? Right?” - IMF head of European Department, Poul Thomsen, who oversees the Greek bailout program.
    • Greek spokeswoman Olga Gerovasili said that the IMF must clarify whether it intended to create conditions of bankruptcy just before the U.K referendum, and that PM Tsipras will contact IMF head Christine Lagarde asking for explanations.
    • From Paul Mason: "So let me decode. An “event” is a financial crisis bringing Greece close to default. Just like last year, when the banks closed, millions of people faced economic and psychological catastrophe... The transcript, though received with fury and incredulity in Greece, will drop like a bombshell into the Commission and the ECB. It is they who are holding E300B+ of Greek debt. It is the whole of Europe, in other words, that the IMF is conspiring to hit with the shock doctrine."
    • ETFs: GREK, FXE, EUO, ERO, DRR, ULE, EUFX, URR
    | Sun, Apr. 3, 6:50 AM | 16 Comments
  • Thu, Mar. 31, 5:36 AM
    • Consumer prices in the euro-area remained in negative territory in March, weighed down by a sharp fall in the energy sector.
    • Eurostat's flash estimate showed annual inflation of minus 0.1% against the previous month's reading of negative 0.2%.
    • The disappointing figure comes despite an ECB decision this month to launch an even bigger bazooka of stimulus measures to fire up the eurozone economy.
    • Euro +0.3% to $1.1367.
    • ETFs: FXE, EUO, ERO, DRR, ULE, EUFX, URR
    | Thu, Mar. 31, 5:36 AM | 8 Comments
  • Thu, Mar. 10, 9:32 AM
    | Thu, Mar. 10, 9:32 AM | 14 Comments
  • Thu, Mar. 10, 5:00 AM
    • "Whatever it takes, whatever we must, without undue delay, no limits," are some of the words ECB President Mario Draghi has used regarding more stimulus over the last several months, but today we'll see if he's ready to put the money where his mouth is.
    • Expectations the central bank will announce additional easing measures are running high, and Draghi has an arsenal of possible support measures at his disposal. Among them: Pushing the deposit rate further into negative territory, an expansion of the bank's trillion-euro bond-buying program, and a new or revised low-interest, long-term loan program.
    • The euro is trading on the back foot and global shares are steady ahead of the big decision.
    • Here's how Deutsche Bank recommends trading the different scenarios.
    | Thu, Mar. 10, 5:00 AM | 11 Comments
  • Tue, Mar. 8, 4:20 AM
    • The euro is not moving much before Thursday's ECB meeting, but investors may be looking at what happened in Japan.
    • "The BOJ made their rates even more negative and what happened to the yen? It strengthened," said Ewen Cameron Watt, Chief Investment Strategist at BlackRock.
    • Euro +0.1% to $1.1026.
    • ETFs: FXE, EUO, ERO, DRR, ULE, EUFX, URR
    | Tue, Mar. 8, 4:20 AM | 1 Comment
EUFX Description
ProShares Short Euro seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the U.S. dollar price of the euro.
See more details on sponsor's website
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub