ProShares Short Euro ETF (EUFX) - NYSEARCA
  • Nov. 23, 2015, 3:27 AM
    • The euro slumped to a seven-month trough on Monday, dropping as far as $1.0601, after ECB President Mario Draghi offered the strongest hint yet that the ECB will unveil fresh stimulus at its policy meeting next week.
    • "The ECB is prepared to deploy its full range of stimulus measures to fight low inflation," Draghi said on Friday.
    • The contrast with the U.S. Federal Reserve could not be more stark as it seems destined to lift rates in December for the first time in almost a decade.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Nov. 23, 2015, 3:27 AM | 3 Comments
  • Nov. 20, 2015, 4:23 AM
    • The ECB is prepared to deploy its full range of stimulus measures to fight low inflation, ECB President Mario Draghi said on Friday, indicating that the central bank will apply additional easy money policies at its next meeting in December.
    • Draghi specifically referred to the ECB's already negative deposit rate, an indication that it may be cut even further, and underscored the power of its bond purchase program, which is likely to be expanded.
    • Euro -0.4% to $1.0688.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Nov. 20, 2015, 4:23 AM | 29 Comments
  • Nov. 19, 2015, 9:17 AM
    • Key to policymakers concerns seems to be inflation staying too low for too long, with members noting "downside [price] risks remained prevalent and had possibly increased."
    • The minutes aren't a huge surprise as markets already heard from Mario Draghi in his press conference following that meeting in which he said the amount of policy accommodation "will need to be re-examined" at the central bank's December meeting.
    • The euro (NYSEARCA:FXE) briefly slipped after the release of the minutes, but is now higher by 0.45% to $1.0704.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Nov. 19, 2015, 9:17 AM | 2 Comments
  • Nov. 11, 2015, 12:14 PM
    • With European growth still lagging despite its massive QE program, the ECB is considering a number of options, including the purchase of municipal bonds of cities and regions.
    • According to Reuters, nearly $500B of such bonds are in circulation and awaiting to be turned into newly minted euros by the central bank.
    • Risk? "Some cities in Spain and Italy are a bust," says a Reuters source. "But a city will always be there ... Someone will always pay back the debt. They have the backing of the government and the ability to raise taxes." The creditors of at least a couple of once-flourishing U.S. cities might beg to differ.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Nov. 11, 2015, 12:14 PM
  • Nov. 5, 2015, 7:49 AM
    • The European Commission has cut its eurozone growth and inflation outlook for next year, citing lower oil prices, a weaker euro and challenging global outlook.
    • According to the Commission, gross domestic product in the 19-nation bloc is set to grow 1.8% in 2016, down from a previous projection of 1.9% in May.
    • Inflation is seen accelerating to 1% in 2016 and 1.6% in 2017 from 0.1% this year.
    • Investors now look to next month's ECB meeting for further stimulus measures to kindle the economy.
    • Previously: More weakness in Germany as factory orders decline (Nov. 05 2015)
    • ETFs: EU, EUFN, FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Nov. 5, 2015, 7:49 AM | 2 Comments
  • Nov. 5, 2015, 3:00 AM
    • The euro is getting weaker and the U.S. dollar stronger, reigniting a debate among traders over whether the currencies will trade in parity before the end of the year.
    • The moves follow recent dovish remarks from ECB President Mario Draghi and comments from Fed Chair Janet Yellen, suggesting a U.S. central bank rate hike could come in December.
    • U.S. employment and wage figures tomorrow could also reinforce a hike for December, adding extra downside pressure on the EUR-USD conversion.
    • Euro -0.2% to $1.0845.
    • ETFs: FXE, UUP, EUO, UDN, ERO, DRR, FORX, USDU, EUFX, ULE, URR
    | Nov. 5, 2015, 3:00 AM | 8 Comments
  • Oct. 23, 2015, 4:44 AM
    • Stocks across the globe are extending a rally from the previous session, after ECB President Mario Draghi signaled his willingness to add more stimulus to the eurozone's flagging economies.
    • "We are ready to act if needed...and we are open to the full menu of monetary policy," Draghi said at his news conference.
    • The euro fell 1.8% following the comments yesterday, the currency's biggest drop since the central bank announced quantitative easing in January, and is now trading at $1.1120.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • U.S. futures: Dow +0.1%. S&P +0.1%. Nasdaq +0.4%.
    • Europe: London +0.6%. Paris +1.3%. Frankfurt +1.3%.
    • Asia: Japan +2.1%; Hong Kong +1.4%; China +1.3%; India +0.9%.
    | Oct. 23, 2015, 4:44 AM | 2 Comments
  • Oct. 22, 2015, 8:57 AM
    | Oct. 22, 2015, 8:57 AM | 10 Comments
  • Oct. 3, 2015, 6:10 PM
    • Friday’s weak jobs data will cause the dollar to depreciate, Citigroup strategist Steven Englander says.
    • Citi is the top forex trader by volume.
    • With the Fed less likely to raise interest rates, Citi thinks refuge currencies including the yen and the euro will benefit.
    • "The last trades going into the number were going the wrong way, so that basically exacerbates the impact," Englander says. "Emerging markets are going nowhere and Europe and Japan are appreciating."
    • The dollar lost 0.2% vs. the euro this week and 0.6% vs. the yen.
    • ETFs: UUP, UDN, FORX, USDU, FXE, EUO, ERO, DRR, EUFX, ULE, URR, FXY, YCS, JYN, YCL
    | Oct. 3, 2015, 6:10 PM | 24 Comments
  • Oct. 1, 2015, 4:13 AM
    • Eurozone manufacturing PMI declined to 52 (flash 52) in September from 52.3 in August.
    • France returned to growth, leaving only Greece in contraction territory, Markit notes.
    • However, Markit economist Chris Williamson isn't so enthusiastic about the numbers.
    • "Despite unprecedented central bank stimulus and substantial currency depreciation, the eurozone manufacturing sector is failing to achieve significant growth momentum and even risks stalling again," Williamson says.
    • The euro is -0.3% at $1.1146.
    • ETFs: FXE, EUO, ERO, EU, DRR, EUFX, ULE, URR
    | Oct. 1, 2015, 4:13 AM
  • Sep. 30, 2015, 5:29 AM
    • Eurozone unemployment held steady at 11% in August vs forecasts of 10.9%. (PR)
    • CPI -0.1% in September vs +0.1% in August and vs consensus of unchanged.
    • Core CPI stays at +0.9% on year, as expected. (PR)
    • The euro is -0.2% at $1.1229.
    • ETFs: FXE, EUO, ERO, EU, DRR, CEE, TRF, GUR, EUFX, ULE, ESR, URR
    | Sep. 30, 2015, 5:29 AM | 7 Comments
  • Sep. 28, 2015, 12:32 PM
    • Already maybe the most bullish of the big banks on the euro, HSBC boosts its 2016 year-end target for the common currency to $1.20 from $1.10.
    • The U.S. tightening cycle - if it even comes - will be shallow and short, says the bank's David Bloom. The ECB, on the other hand, won't be able to expand QE as much as it would like due to a shortage of bonds eligible for purchase (can't it always turn to helicopters?). "The ECB," says Bloom, "will find it extremely difficult to ignore or find a way around most of these constraints."
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Sep. 28, 2015, 12:32 PM
  • Sep. 24, 2015, 4:10 AM
    • The euro is clinging to broad gains after the head of the European Central Bank downplayed the need for further monetary stimulus any time soon.
    • ECB President Mario Draghi said while the risks to Europe's inflation and growth outlook have increased due to an emerging market slowdown, the bank would need more time to decide if the loss was "temporary or permanent in nature."
    • The euro last stood at $1.1214, pulling away from Wednesday's session low of $1.1105.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Sep. 24, 2015, 4:10 AM | 3 Comments
  • Sep. 23, 2015, 4:52 AM
    • The Markit Eurozone Manufacturing PMI fell to 53.9 in September to miss the estimate of economists. The read on manufacturing was 40 basis points lower than the 54.3 mark in August, but roughly in line with activity over the last eight months.
    • Service sector growth outpaced manufacturing by a small margin. Growth of new orders hit a five-month high in a positive signal for steady expansion of the eurozone economy.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Sep. 23, 2015, 4:52 AM | 1 Comment
  • Sep. 17, 2015, 4:49 AM
    | Sep. 17, 2015, 4:49 AM
  • Sep. 8, 2015, 5:24 AM
    | Sep. 8, 2015, 5:24 AM | 3 Comments
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.
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