ProShares Ultra Euro ETF (ULE) - NYSEARCA
  • May 23, 2011, 12:50 PM

    Greece gets moving on privatizations, FinMin George Papaconstantinou saying the government will immediately proceed with the sale of stakes in the Postbank, Hellenic Telecom (HLTOY.PK -2.8%), some ports and a water company. The euro is bouncing off its lows, FXE -0.8%.

    | May 23, 2011, 12:50 PM | 15 Comments
  • May 23, 2011, 8:44 AM

    The euro falls below $1.40 for the first time since March, now at $1.3933. The common currency hits a new all-time low vs. the swiss franc at CHF 123.71. Premarket: FXE -1.2%.

    | May 23, 2011, 8:44 AM | 1 Comment
  • May 22, 2011, 9:30 PM

    The euro, -0.4%, vs. the dollar, is perhaps shaken up by the ferocity of the Socialist defeat in Spain. Any hint Spain will diverge from the policy of bringing its fiscal deficit under control could allow the debt contagion to spread past Portugal. Maybe more telling, the euro has hit an all-time low vs. the Swiss franc.

    | May 22, 2011, 9:30 PM
  • May 20, 2011, 11:27 AM

    Fitch downgrades Greece to B+ from BB+, making the country's debt "highly speculative" instead of "non-investment grade speculative." The report looks to have put in at least a temporary bottom for the euro, which has bounced 50 pips in the minutes since its release. FXE -0.9%.

    | May 20, 2011, 11:27 AM | 4 Comments
  • May 20, 2011, 10:59 AM

    The euro is diving, but whether it is leading or following shares or moving to its own fundamentals is anyone's guess. The debt and political situation in Europe looks especially dicey, but that's not news anymore. It's a Chuck Prince market.  FXE -1.1%, Stoxx 50 -1.03%.

    | May 20, 2011, 10:59 AM
  • May 20, 2011, 10:41 AM

    New ECB member Jens Weidmann backs up Jean-Claude Trichet and Juergen Stark in saying the bank will no longer accept Greek paper as collateral should even the most minor restructuring come to pass. The threat amounts to a nuclear option as the move would deny the Greek banking system most of its funding.

    | May 20, 2011, 10:41 AM | 4 Comments
  • May 20, 2011, 8:53 AM

    The Bundesbank sees German growth slowing, saying the "explosive" start to the year "considerably overstates the underlying economic momentum." The bank continues to warn on inflation, saying the "price climate has deteriorated significantly."

    | May 20, 2011, 8:53 AM
  • May 18, 2011, 4:38 PM
    Goldman's Thomas Stolper renews his call for dollar weakness, raising his estimate for the euro to $1.55 within a year. Until manufacturing picks up and the trade deficit comes more into balance, the path for the greenback will be lower. The main risk to his forecast: "asset weakness," i.e. the "risk off" trade would give the dollar a powerful bid.
    | May 18, 2011, 4:38 PM | 5 Comments
  • May 18, 2011, 2:40 PM
    The dollar catches a bid in the wake of marginally hawkish Fed minutes. As has been the recent case, the euro is most volatile, sinking 60 pips in minutes, now -0.2% at $1.422.
    | May 18, 2011, 2:40 PM | 1 Comment
  • May 17, 2011, 4:30 PM

    Seeking alpha can get difficult as correlations move towards 1. The direction of currencies, especially during U.S. trading hours, seems to be hostage to each tick in the S&P. The euro and the aussie provide nice examples in today's action, with the aussie correlation especially strong over the longer term.

    | May 17, 2011, 4:30 PM | 5 Comments
  • May 17, 2011, 9:16 AM

    Sterling gives up sharp gains following stronger than expected U.K inflation. Two reasons: First, the report is not likely to bring about tighter policy from the BoE, which is dug in on the transitory nature of higher prices. Second, a mild "risk on" day has morphed into a mild "risk off" day, bearish for currencies.

    | May 17, 2011, 9:16 AM
  • May 16, 2011, 4:20 PM
    Angela Merkel strongly comes out against any form of Greek restructuring, nixing speculation Germany was pursuing such a solution. Merkel's stance makes it likely Greece will get another loan package large enough to push the thought of any losses on Greek paper out to 2013.
    | May 16, 2011, 4:20 PM | 3 Comments
  • May 16, 2011, 2:11 PM

    "Taking out position concentrations is a favorite sport" in the FX market, says Kit Juckes from SocGen, who sees the recent move down in the euro as little more than that. With the Fed on hold forever and a booming core EU economy, he's looking for the euro to head for $1.55. FXE +0.8%.

    | May 16, 2011, 2:11 PM
  • May 16, 2011, 11:16 AM

    The "risk on" move that began around the time the East Coast woke up brings notable reversals in the currency market. The euro makes a particularly impressive move, gaining nearly 200 pips from its jittery opening in the wake of the DSK news. Somebody actually sold euros because of this? FXE +0.9%, UUP -0.6%.

    | May 16, 2011, 11:16 AM | 2 Comments
  • May 16, 2011, 7:40 AM

    Core inflation continues to rise in the eurozone, suggesting higher prices are not limited to the food and energy sector. The April core rate rises 0.5%, pushing the Y/Y rate to 1.8%, from 1.5% in March and 1.1% in February. Headline inflation comes in on the number at 2.8%.

    | May 16, 2011, 7:40 AM
  • May 13, 2011, 4:40 PM
    How sharp has the euro's rally been this year? Despite plummeting 850 pips in the space of eight sessions, the currency is only back to its late March level, and still solidly higher on the year. Perhaps nothing has changed and the euro was just overbought. FXE +5.6% YTD.
    | May 13, 2011, 4:40 PM
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.
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