CurrencyShares Euro Trust ETF (FXE) - NYSEARCA
  • Thu, Mar. 10, 7:53 AM
    | Thu, Mar. 10, 7:53 AM | 40 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
  • Fri, Mar. 4, 9:14 AM
    • Initially surging higher as the strong February jobs numbers put a Fed rate hike by early summer firmly on the table, the dollar (UUP, UDN) has slipped into the red on the session.
    • On the negative side, the average hourly workweek declined a little, as did wage growth.
    • Markets do tend to anticipate, and the greenback has been on a tear for the last three weeks. The reversal this morning in the dollar could be nothing more than traders booking some profits.
    • Performing best vs. the dollar this morning are the euro (NYSEARCA:FXE), up 0.3%, and the aussie (NYSEARCA:FXA), up 0.75%
    • Previously: Job headlines look good, but wages and hours worked fall (March 4)
    | Fri, Mar. 4, 9:14 AM
  • Thu, Mar. 3, 7:52 AM
    • In the latest Reuters poll, 60% of economists expect the ECB to boost its QE program next week, up from 50% who thought so for the January and February meetings.
    • "The ECB failed to live up to its own hype in December, but we doubt that it will be prepared to disappoint markets again," says one.
    • The vast majority also expect the central bank to trim another 10 bps off of its already negative deposit rate; more than a few see a 20 bp cut.
    • Arguing in favor of more stimulus, Mario Draghi this week hinted at it, and PMI surveys yesterday showed private sector growth slowing and price pressures easing.
    • ETFs: FXE, EUO, ERO, DRR, ULE, EUFX, URR
    | Thu, Mar. 3, 7:52 AM | 1 Comment
  • Thu, Mar. 3, 3:27 AM
    • French economy minister Emmanuel Macron says that if Britain votes for an EU exit:
    • France will relocate its migrant camp from Calais to Britain.
    • France will roll out "a red carpet" for bankers fleeing London.
    • That the bilateral relationship between France and Britain could change abruptly, including the creation of new obstacles to trade.
    • That Brexit could torpedo a deal with France, known as Le Touquet, that allows Britain to carry out border controls and keep unwanted migrants on the French side of the Channel.
    • Macron says that the EU would be weakened as a military, diplomatic and economic powerhouse if the UK left. But irrespective of the outcome of the referendum, the debate has damaged the bloc’s unity. “The EU has no choice but to become a true military and diplomatic power, something it has been always reluctant to be, mostly by lack of ambition.”
    • Source: FT
    • ETFs: FXE, EUO, ERO, EWQ, DRR, TRF, CEE, GUR, ULE, EUFX, ESR, URR
    | Thu, Mar. 3, 3:27 AM | 16 Comments
  • Mon, Feb. 29, 6:18 AM
    • The inflation picture in the eurozone further deteriorated in February, giving ECB policymakers more bad news to digest just a week before their next meeting.
    • Consumer prices in the 19-nation bloc declined to -0.2% from a positive reading of 0.3% in January, displaying its worst figure in the last year.
    • Core inflation, which strips out volatile elements such as food and energy, was at 0.7%, down from 1% in the prior month.
    • Euro -0.8% to $1.0894.
    • ETFs: FXE, EUO, ERO, DRR, ULE, EUFX, URR
    | Mon, Feb. 29, 6:18 AM
  • Fri, Feb. 26, 11:48 AM
    • Never mind that GDP numbers show no forward-looking powers, and never mind that this morning's report covered activity from several months ago. The strong print has triggered heavy buying of greenbacks (UUP +0.7%).
    • Down the most are the euro (FXE -0.8%), yen (FXY -0.8%), pound (FXB -0.6%), and aussie (FXA -1.4%).
    • It wasn't long ago that short-term rate futures markets had priced out any chance of a rate hike this year, but the combination of the market rally and the big GDP number has traders quickly hedging - 30-Day Fed Fund futures have now priced in about one 25 basis point move between now and a year from now.
    | Fri, Feb. 26, 11:48 AM | 1 Comment
  • Thu, Feb. 25, 6:24 AM
    • Eurozone consumer prices rose less than initially estimated last month, increasing the pressure on the European Central Bank to take steps to sustain the region's recovery.
    • According to the European Union's statistics office, the inflation rate was 0.3%, less than the 0.4% reported on Jan. 29.
    • ECB policy makers will review their stimulus package at a monetary-policy meeting on March 9-10, when they’ll also release revised economic projections.
    • Euro +0.2% to $1.1030.
    • ETFs: FXE, EUO, ERO, DRR, ULE, EUFX, URR
    | Thu, Feb. 25, 6:24 AM | 1 Comment
  • Thu, Feb. 4, 4:09 AM
    • The risk of acting too late on ultra low inflation is greater than that of acting too early as a wait-and-see stance could lead to a lasting loss of confidence, ECB President Mario Draghi said at a Bundesbank event in Frankfurt.
    • "And if that were to happen, we would need a much more accommodative monetary policy to reverse it," he added. "Seen from that perspective, the risks of acting too late outweigh the risks of acting too early."
    • Euro +0.4% to $1.1159.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Thu, Feb. 4, 4:09 AM | 19 Comments
  • Fri, Jan. 29, 6:40 AM
    • Euro-area inflation accelerated in January, providing a reprieve for European Central Bank officials that may prove temporary as commodity prices continue their descent and emerging markets slow.
    • According to the EU's statistics office, consumer prices rose an annual 0.4%, after a 0.2% gain last month.
    • Economists are still expecting the ECB to press the button on further stimulus as soon as March following a dovish meeting of the central bank last week.
    • Euro -0.2% to $1.0922.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Fri, Jan. 29, 6:40 AM
  • Thu, Jan. 21, 8:38 AM
    | Thu, Jan. 21, 8:38 AM | 28 Comments
  • Tue, Jan. 19, 5:30 AM
    • Eurozone inflation rose slightly to 0.2% in December, in line with expectations, giving a bit of relief for the ECB and its quantitative easing plan.
    • But with disappointing industrial production numbers and slow growth, analysts are questioning whether the central bank could signal more stimulus when it meets this coming week, having sorely disappointed markets last month.
    • Euro -0.2% to $1.0872.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Tue, Jan. 19, 5:30 AM | 1 Comment
  • Fri, Jan. 8, 8:49 AM
    • U.S. stock index futures have added to gains following the strong December jobs print, with the S&P 500 now higher by 1.25%.
    • Jobs were up 292K in December vs. 200K expected, and November/October gains were revised higher. The unemployment rate held steady at 5%.
    • The 10-year Treasury yield popped up to 2.20% right after the report, but is returned back to 2.18% - up three basis points on the session. TLT -0.4%, TBT +0.8% premarket
    • Gold (NYSEARCA:GLD) has added to losses, now lower by 1.3% to $1,094 per ounce. GLD -1.1% premarket
    • Oil has added to its gains, now up 1.4% to $33.81 per barrel. USO +0.6% premarket
    • The dollar (UUP, UDN) pops higher, now up 0.75% on the session. Particularly weak is the euro (NYSEARCA:FXE), down 1.2% to $1.08.
    • Previously: Strong upward revisions add to December jobs beat; wages and hours worked flat (Jan. 8)
    • Previously: Big jobs beat in December (Jan. 8)
    | Fri, Jan. 8, 8:49 AM | 15 Comments
  • Tue, Jan. 5, 6:19 AM
    • Euro-area inflation was weaker than economists predicted in December, when the European Central Bank stepped up its stimulus program.
    • According to preliminary data from Eurostat, consumer prices remained unchanged at an annual 0.2%, below expectations for a 0.3% rise.
    • "It's a major disappointment," said Jane Foley, a forex strategist at Rabobank. "We've seen this story again and again. Despite very weak monetary conditions, inflation is refusing to budge."
    • Euro -0.7% to $1.0762.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Tue, Jan. 5, 6:19 AM | 4 Comments
  • Dec. 17, 2015, 3:39 PM
    • Word in trading circles was that king dollar was due for a leg down after the long-expected tightening in U.S. monetary policy, but the greenback (UUP +1%) has moved steadily higher since the Fed's move yesterday afternoon.
    • For today's session, the dollar is up 1.45% to its highest level since the ECB unexpectedly sat on its hands earlier this month. Among the losers vs. the dollar today are the euro (FXE -1%), loonie (FXC -1.2%), yen (FXY -0.6%), swissie (FXF -0.7%), aussie (FXA -1.6%), and pound (FXB -0.7%).
    | Dec. 17, 2015, 3:39 PM | 4 Comments
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.
See more details on sponsor's website
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub