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ProShares Ultra Euro ETF (ULE)

  • May 5, 2011, 7:15 AM
    The ECB is expected to leave its benchmark rate steady at 1.25% at its meeting today. Traders will listen for clues at to whether the next hike is coming in June or July. The ECB statement is due at 7:45 ET, followed by Trichet's press conference at 8:30. The euro is flat at $1.4823.
    | May 5, 2011, 7:15 AM | Comment!
  • May 4, 2011, 10:55 AM
    Business is booming at FiREapps, where CEO Wolfgang Koester says U.S. firms are clamoring to hedge against dollar weakness. Jeff Macke notes companies getting swept up in this sort of worry could mark the sign of a market extreme - witness airlines' rush to hedge near the top of the 2008 oil mania.
    | May 4, 2011, 10:55 AM | Comment!
  • May 4, 2011, 9:07 AM
    The euro takes out another milestone in its powerful 2011 bull run, topping $1.49 vs. the dollar, assisted by very dovish comments from the Fed's Eric Rosengren. The $1.50 level was last seen in late 2009. Beyond that is the euro's all time high of around $1.60, hit shortly before Lehman went bust. Premarket: FXE +0.6%.
    | May 4, 2011, 9:07 AM | 2 Comments
  • May 4, 2011, 7:38 AM
    Eurozone retail sales fell sharply in March, sinking 1.0% vs. expectations for a 0.1% drop. Some aren't sweating the numbers, saying they're volatile, often revised, and a late Easter is responsible for much of the decline. Also, it's near a week into May. Euro +0.2%.
    | May 4, 2011, 7:38 AM | Comment!
  • May 2, 2011, 3:04 PM
    An anonymous EU official claims a preliminary deal for Portugal's bailout is imminent. Potential hurdles are political parties jostling for position in Portugal ahead of June elections, and the rise of the anti-bailout True Finns in Finland.
    | May 2, 2011, 3:04 PM | 5 Comments
  • May 2, 2011, 11:35 AM
    A falling dollar brings handles not recently seen or never seen before vs. major currencies. The euro climbs to $1.49 for the first time since 2009, now within sight of pre-GFC levels. The aussie punches through $1.10, never even having hit $1.03 just six weeks ago.
    | May 2, 2011, 11:35 AM | 7 Comments
  • May 2, 2011, 8:33 AM
    "We cannot with good conscience support Portugal's package nor the creation of permanent bailout mechanism," says the True Finn party, currently involved in negotiations to form a new government in Finland. Further rescues cannot proceed without Finland's support. Expect plenty of horse trading.
    | May 2, 2011, 8:33 AM | 2 Comments
  • May 2, 2011, 8:08 AM
    Incoming Bundesbank chief Jens Weidmann calls for ECB rates to be "normalized," calling it a question "not of 'if' but rather 'when'." Weidmann also requests eurozone reforms to make "private investors, deal with the consequences of their decisions."
    | May 2, 2011, 8:08 AM | 2 Comments
  • May 2, 2011, 7:38 AM
    A peek into the numbers of the Eurozone PMI shows the dilemma ECB members face: Germany, benefiting from an emergency rate when there is none, stands at 62, Greece, suffocating from debt, at 46.8. What's the proper policy rate?
    | May 2, 2011, 7:38 AM | 1 Comment
  • May 2, 2011, 7:21 AM
    Rejecting talk of restructuring, Greek Finance Minister Papaconstantinou edges towards one, suggesting the EU/IMF extend maturities and lower the interest rate on its bailout loan. These steps will help, says an analyst from Unicredit, but will not be sufficient to avoid default.
    | May 2, 2011, 7:21 AM | Comment!
  • Apr. 29, 2011, 8:33 AM
    The greenback falls to another record low vs. the swiss franc after SNB chief Hildebrand says current expansionary Swiss monetary policy poses a risk to price stability. Having waved goodbye to parity shortly after QEII began, the dollar now buys CHF0.8655. FXF +22.5% Y/Y.
    | Apr. 29, 2011, 8:33 AM | Comment!
  • Apr. 29, 2011, 7:41 AM
    The EU's Economic Sentiment Indicator posts a sizable drop to 105.1, but still remains at a high level. A sharp deterioration in the U.K. retail and service sectors appears to be the outlier responsible for a good portion of the fall.
    | Apr. 29, 2011, 7:41 AM | Comment!
  • Apr. 29, 2011, 7:15 AM
    Eurozone inflation comes in fast, rising to 2.8% vs. expectations of the number remaining flat at 2.7%. The ECB is still expected to wait until June for another rate hike, skipping a bump at its meeting week. The euro jumps to a new high for its recent run, buying $1.4866. Shares are flat.
    | Apr. 29, 2011, 7:15 AM | 1 Comment
  • Apr. 28, 2011, 3:06 PM
    Government sources say Angela Merkel has approved Italy's Mario Draghi as the next ECB president.
    | Apr. 28, 2011, 3:06 PM | Comment!
  • Apr. 28, 2011, 7:15 AM
    The ball is left in Angela Merkel's court as Spain becomes the latest of the large EU economies to endorse Italy's Mario Draghi as next ECB president. "There will be no appointment to the ECB presidency without German approval," says Merkel's spokesman.
    | Apr. 28, 2011, 7:15 AM | Comment!
  • Apr. 27, 2011, 12:46 PM
    The key to the FOMC statement, and an all-clear signal to those who would sell greenbacks, may be that there were no dissenting votes after a number of recent comments from Charles Plosser and Richard Fisher indicated their discomfort with current monetary policy.
    | Apr. 27, 2011, 12:46 PM | 3 Comments
ULE Description
ProShares Ultra Euro seeks daily investment results, before fees and expenses, that correspond to twice (200%) the U.S. Dollar price of the Euro.
See more details on sponsor's website
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