CurrencyShares Euro Trust ETF
 (FXE)

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  • Nov. 30, 2015, 3:26 AM
    • The euro is headed for a steep monthly decline as economists unanimously forecast the ECB will unveil additional stimulus this week.
    • The currency has weakened 3.8% in November, its biggest loss since a 4.2% decline in March, when the central bank embarked on a €1.1T asset-purchase program.
    • In contrast, the U.S. Federal Reserve is widely expected to hike interest rates at its mid-December policy meeting, sending up the dollar index to 100.23, its highest level since mid-March.
    • Euro -0.1% to 1.0585.
    • ETFs: FXE, UUP, EUO, UDN, ERO, DRR, FORX, USDU, EUFX, ULE, URR
    | Nov. 30, 2015, 3:26 AM | 4 Comments
  • Nov. 25, 2015, 7:36 AM
    • Among the moves being considered by the ECB, according to Reuters, are two-tiered charges to banks leaving cash with the central bank, the purchase of regional bonds, and even the acquisition of ABS of distressed loans.
    • "We have deflation, so you have to do something," says a source. "How this all looks in a few years, nobody knows."
    • The ECB meets next week, so we won't have to wait long to hear the real story.
    • The euro (NYSEARCA:FXE) has dropped below $1.06, and the Stoxx 50 (NYSEARCA:FEZ) is higher by 1.2%, led by Germany's (NYSEARCA:EWG1.5% advance.
    • ETFs: FXE, VGK, EUO, FEZ, HEDJ, ERO, IEV, EPV, EZU, DRR, FEU, EEA, EUFX, EURL, ULE, FEP, UPV, DBEU, URR, ADRU, HEZU, FEEU, IEUR, FIEU, DBEZ, FEUZ, SBEU, HFEZ, HEGE, HGEU
    | Nov. 25, 2015, 7:36 AM | 5 Comments
  • 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, 2:58 PM
    • First among the highest conviction ideas from Francesco Garzarelli and team is long greenbacks (NYSEARCA:UUP) vs. the euro (NYSEARCA:FXE) and yen (NYSEARCA:FXY). The reasoning is simple: A stronger U.S. economy and the divergent (from Europe and Japan) monetary policy that goes along with it.
    • Second is a bullish inflation play - long 10-year TIPS (NYSEARCA:TIP) and short nominal 10-year Treasurys. The market is assigning a 40% probability inflation averages less than 1% over the next five years ... too pessimistic, says Goldman.
    • Also a top idea is to go long large-cap U.S. banks (NYSEARCA:KBE) vs. the S&P 500. Key to this is Goldman's expectation of a steeper yield curve (the opposite of what's occurred lately).
    | Nov. 19, 2015, 2:58 PM | 3 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. 15, 2015, 9:12 PM
    • U.S. stock index futures are all lower by about 0.35%, as are FTSE 100 futures, but the continent is being hit harder, with France (NYSEARCA:EWQdown 1.6% and Germany (NYSEARCA:EWG0.85%.
    • The euro (NYSEARCA:FXE) is off 0.5% vs the dollar at $1.0718.
    • U.S. government paper and gold are seeing bids, with the 10-year Treasury yield down two basis points to 2.25%, and gold (NYSEARCA:GLDhigher by 1% to $1,091.50 per ounce.
    • Previously: French warplanes strike Islamic State targets in Syria (Nov. 15)
    | Nov. 15, 2015, 9:12 PM | 32 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. 6, 2015, 8:53 AM
    • U.S. stock index futures have moved from flat to down 0.3% since October's nonfarm payroll beat has put the odds squarely in favor of a rate hike in one month.
    • Europe, however, has turned losses into gains, possibly thanks to a spike higher in the dollar (UUP, UDN) and thus a big move lower in the euro (NYSEARCA:FXE). The dollar index is up 1.15%, the euro down 1.7%, and the Stoxx 50 (NYSEARCA:FEZup 0.3%.
    • Gold (NYSEARCA:GLD) is lower by 1.3% since the print to $1,090 per ounce - its weakest level since early August.
    • Previously: December rate hike back on after big jobs number (Nov. 6)
    • Previously: Big beat on jobs number (Nov. 6)
    | Nov. 6, 2015, 8:53 AM | 38 Comments
  • 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. 2, 2015, 8:54 AM
    | Oct. 2, 2015, 8:54 AM | 16 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
FXE Description
CurrencyShares Euro Trust is designed to track the price of the euro net of Trust expenses, which are expected to be paid from interest earned on the deposited euros.
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