CurrencyShares Euro Trust ETF (FXE) - NYSEARCA
  • Dec. 11, 2015, 4:15 PM
    | Dec. 11, 2015, 4:15 PM
  • Dec. 9, 2015, 1:05 PM
    • The dollar index is off 1% today, and now lower by about 3% since Thanksgiving, though the move doesn't look like much more than a blip in the big bull market which began in the middle of 2014.
    • At least today, the move lower is not just about the surging post-ECB meeting euro (FXE +1%). Also higher by more than 1% against the greenback are the pound (NYSEARCA:FXB) and yen (NYSEARCA:FXY). The commodity currencies - the loonie (NYSEARCA:FXC) and aussie (NYSEARCA:FXA) - continue to struggle, and are both lower on the session.
    • ETFs: UUP, UDN, FORX, USDU
    | Dec. 9, 2015, 1:05 PM | 5 Comments
  • Dec. 7, 2015, 11:24 AM
    • “There is no doubt in our minds that euro down will again become a theme over time, but regrettably that time is not now,” says Robin Brooks, Goldman's chief currency strategist.
    • Brooks' team's new forecast sees the euro at $1.07, $1.05, and $1 in the next three, six, and 12 months vs. $1.02, $1, and $0.95 prior to the ECB's (mostly) non-action last week. At year-end 2017, Goldman sees the common currency at $0.90 vs. $0.80 previously.
    • "This price action has all the hallmarks of the Yen under Governor Shirakawa, as opposed to Governor Kuroda, raising for us the unpleasant possibility that the idiosyncratic euro weaker story has been compromised," says the team. Even if Thursday's move turns out to be a mistake, the bears have been burned enough to make the euro's down move less likely to play out.
    • Previously: Goldman's euro bear rethinks position (Dec. 4)
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Dec. 7, 2015, 11:24 AM | 4 Comments
  • Dec. 4, 2015, 12:39 PM
    • "Today [Thursday] was not the most fun day I’ve ever had," said Goldman Chief Currency Strategist Robin Brooks, after the euro zoomed 3.1% higher following the ECB policy statement and press conference. "What’s clear is the meeting sent a very confusing message."
    • Among the most bearish on the euro on the Street - he sees the common currency falling to $0.95 in a year - Brooks had predicted a "dovish" surprise from Mario Draghi, but instead got a nominal cut in the deposit rate and only an extension (not a boost) to QE. The euro erased a month's worth of losses in one session (it's given back about one-third of that gain today). It's currently at $1.0839.
    • "We badly misread this meeting ... Even in the unlikely event that today’s disappointment was a mistake, we think it has cost enough credibility that the euro-down story we had envisaged is now less likely to play out."
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Dec. 4, 2015, 12:39 PM | 4 Comments
  • Dec. 3, 2015, 8:40 AM
    • Previously soft-scheduled to end in September of 2016, the ECB's QE will go on until at least March 2017, says the central bank's boss Mario Draghi, opening his post-policy meeting press conference.
    • Jaded financial markets want more and are voting thumbs down this on "tepid" measure. Interest rates and the euro are on the move higher, and investors are unloading stocks.
    • Flat ahead of the press conference, the Stoxx 50 (NYSEARCA:FEZ) is lower by 2.6%, and the euro is now higher by 1.7% to $1.08. Germany's (NYSEARCA:EWG2.4% decline is leading the way.
    • 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
    | Dec. 3, 2015, 8:40 AM | 24 Comments
  • Dec. 3, 2015, 7:56 AM
    | Dec. 3, 2015, 7:56 AM
  • Dec. 3, 2015, 7:44 AM
    • Not waiting for the official release of the ECB statement, the euro (NYSEARCA:FXE) is flying higher on an FT report of no change to central bank policy.
    | Dec. 3, 2015, 7:44 AM | 3 Comments
  • Dec. 3, 2015, 4:42 AM
    • The ECB's governing council is meeting in Frankfurt to set monetary policy, and president Mario Draghi has plenty of excuses to institute more stimulus measures.
    • With inflation at just 0.1%, unemployment still over 10% and bank lending disappointing, economists expect the central bank to extend or add to its quantitative easing program and lower interest rates deeper into negative territory.
    • The decision comes at 12:45 p.m. GMT, followed by Mario Draghi's press conference 45 minutes later.
    • Euro -0.6% to $1.0554.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Dec. 3, 2015, 4:42 AM | 1 Comment
  • Dec. 2, 2015, 6:33 AM
    • Eurozone inflation held steady at a lower than expected 0.1% in November, giving further encouragement to ECB president Mario Draghi to pump up the central bank's contested bond-buying program tomorrow.
    • In March, the ECB launched a more than €1T stimulus plan running through September 2016 in order to snap a long period of low or negative inflation in the region, but given recent economic figures, that program will likely get a boost.
    • Euro -0.4% to $1.0596
    • Previously: Eurozone PMI, unemployment displays modest recovery (Dec. 01 2015)
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Dec. 2, 2015, 6:33 AM | 1 Comment
  • 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 | 4 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
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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