EUO
ProShares UltraShort Euro ETFNYSEARCA
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  • Sun, Dec. 4, 4:00 AM
    • Italians are heading to the polls for a referendum on constitutional reform that could call the shots for global markets in the week ahead.
    • If the measures are rejected, Prime Minister Matteo Renzi would likely resign, further shaking Italy's vulnerable banks, the euro and possibly causing the next Brexit-like tremor for the markets.
    • The political instability would also represent a new setback for the EU, since Renzi's opponents are dominated by anti-establishment forces.
    • The polls opened at 7 a.m. local time and will close at 11 p.m. Exit polls will be released as soon as voting booths close, with a definitive result expected by about 1 a.m. on Monday.
    • ETFs: FXE, EUO, EWI, ERO, DRR, ULE, EUFX, URR, HEWI, DBIT
    • Related bank tickers: OTCPK:UNCFF, OTCPK:IITSF, OTCPK:IITOF, OTC:MDIBF, OTCPK:ISNPY, OTCPK:BPESY, OTC:UNCFY, OTCPK:MDIBY, OTCPK:BPESF
    | Sun, Dec. 4, 4:00 AM | 21 Comments
  • Fri, Nov. 18, 1:17 PM
    • The strength in the U.S. dollar may just be getting started after post-election forecasts were too conservative, says Credit Suisse.
    • That's after the ICE U.S. Dollar Index increased to its highest level in more than 13 years today.
    • EUR/USD: Credit Suisse predicts a 1.03 exchange rate in 90 days and 1.00 parity in a year vs. 1.05 prior on both and 1.05872 current.
    • USD/JPY: The investment firm targets a 111 rate in three months and 108 in 12 months vs. 100 and 108 prior, respectively.
    • GBP/USD: Brexit uncertainty is a factor of course, observes CS. The forecast arrives at 1.20 for 3-months and 12-months vs. 1.16 prior and 1.2338 current.
    • USD/CNY: Some depreciation is seen being allowed by the Chinese government. CS lines up an exchange rate of 7.01 for 3-months and 7.33 in a year. vs. 6.8833 current.
    • USD/MXN: Traders beware of Nafta repeal risk, warns CS. A peso at 23.0 per USD in 3 months and 25.0 in a year is the cautious forecast. The peso stood at 20.5011 per USD at last check.
    • Source: Bloomberg
    • ETFs: FXE, UUP, EUO, UDN, FXB, CYB, ERO, CNY, GBB, USDU, DRR, ULE, EUFX, FXCH, URR.
    | Fri, Nov. 18, 1:17 PM
  • Fri, Nov. 18, 8:47 AM
    • The euro (NYSEARCA:FXE) has managed to climb back to positive territory vs. the greenback in the past couple of hours, but if it closes the session in the red, it would be the 10th consecutive day of losses - thus extending its longest-ever losing steak against the dollar.
    • At its high on election night, the euro was at $1.13, but this morning can buy just $1.0622. The next level technicians are watching is the $1.0538 low hit last December. Beyond that, there's the $1.0456 hit in March 2015.
    • If that breaks, is parity next?
    • ETFs: FXE, EUO, ERO, DRR, ULE, EUFX, URR
    | Fri, Nov. 18, 8:47 AM | 8 Comments
  • Fri, Nov. 11, 5:01 AM
    • Central banks from India to Indonesia have stepped in to stabilize their currencies on deepening concerns that Donald Trump will pursue policies that spur capital outflows from developing economies and weaken their exports.
    • Meanwhile, the dollar is on course for its best week in a year, racking up another round of gains against the yuan and peso and steadying just off the previous day's highs against the euro and yen.
    • ETFs: FXE, UUP, EUO, FXY, YCS, UDN, CYB, ERO, CNY, INR, ICN, JYN, USDU, DRR, ULE, EUFX, FXCH, YCL, URR
    | Fri, Nov. 11, 5:01 AM
  • Thu, Oct. 20, 8:48 AM
    | Thu, Oct. 20, 8:48 AM | 10 Comments
  • Wed, Oct. 5, 4:35 AM
    • U.K. Prime Minister Theresa May said she's not worried about the pound's recent fall to a 31-year low against the dollar, although the prospect of a hard Brexit is spooking investors and sent sterling down to $1.2685 overnight.
    • The euro has meanwhile strengthened against the dollar on reports that the ECB is considering tapering its QE program, but the central bank shot down the rumor, which suggested it could wind back its bond buying by around €10B a month.
    • ETFs: FXE, EUO, ERO, EWU, DRR, ULE, EUFX, URR, FKU, DXPS, DBUK, QGBR, HEWU
    | Wed, Oct. 5, 4:35 AM | 3 Comments
  • Thu, Sep. 8, 5:33 AM
    • As Mario Draghi prepares to face the cameras today, analysts have rarely been so divided over what to expect from the ECB president.
    • Officials signaled they were ready to unleash fresh stimulus to support the eurozone immediately following Brexit, but economic data since has been mixed and Draghi hasn't spoken publicly for seven weeks.
    • One thing is clear: The bank is still far from hitting its inflation goal of just below 2%, a target it has missed for more than three years.
    • The ECB will issue its formal statement on monetary policy at 7:45 a.m ET, with Draghi's press conference 45 minutes later.
    • Euro +0.3% to $1.1273.
    • ETFs: FXE, EUO, ERO, DRR, ULE, EUFX, URR
    | Thu, Sep. 8, 5:33 AM | 3 Comments
  • Thu, Aug. 25, 4:12 AM
    • The German Ifo Institute's business-climate index has dropped to 106.2 in August from 108.3 in July and missed consensus for a rise to 108.5.
    • The current-situation reading fell to 112.8 from 114.8 and undershot forecasts of 114.9, while the expectations print dropped to 100.1 from 102.1 and missed estimates of 102.5.
    • The DAX takes a plunge and is -1.13%, although the euro remains steady and is +0.1% at $1.1273.
    • CESifo Web site
    • ETFs: FXE, EUO, EWG, ERO, DAX, EUFN, GF, DRR, DXGE, DBGR, HEWG, ULE, EUFX, EWGS, BUNL, URR, BUNT, FGM, GGOV, QDEU
    | Thu, Aug. 25, 4:12 AM | 1 Comment
  • Wed, Aug. 24, 2:12 AM
    | Wed, Aug. 24, 2:12 AM
  • 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
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