ProShares Ultra Euro ETF
 (ULE)

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  • Jan. 25, 2015, 8:43 PM
    • S&P 500 (NYSEARCA:SPY) futures are down 0.65%, DJIA (NYSEARCA:DIAby 0.7%, and Nasdaq 100 (NASDAQ:QQQby 0.6% as the left-wing, anti-austerity Syriza party takes power in Greece. Looking like it's going to wind up with about half the seats in parliament, Syriza has just cut a deal with the small, right-wing Independent Greeks party to form a coalition government.
    • The two share little in common except for opposition of the austerity measures imposed on Greece by the Troika.
    • German Dax (NYSEARCA:EWG) futures are lower by 0.9%, France (NYSEARCA:EWQby 0.8%, and the U.K. (NYSEARCA:EWUby 0.6%.
    • The euro (NYSEARCA:FXE) sunk to as low as $1.1099 in early trade this evening, but is currently off just 0.3% to $1.1171.
    • European and euro ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, EURL, URR, ADRU, FEEU, DBEU, IEUR, FIEU, HEZU, ESTX, FEUZ, DBEZ
    • Greek ETF: GREK
    • Previously: Anti-austerity Syriza set to sweep Greek elections (Jan. 25)
    | Jan. 25, 2015, 8:43 PM | 44 Comments
  • Jan. 23, 2015, 7:38 AM
    • So much for efficient markets. The whole world knew for some time of the ECB's plan to launch QE yesterday, and thus had plenty of time to get rid of its euros (as the Swiss did a week ago). Nevertheless, the decline in the common currency has picked up steam since the announcement on Thursday, now off more than 400 pips in 24 hours.
    • At last check it's lower by 1.8% on today's session to $1.1170.
    • FXE -1.8% premarket
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • Not complaining are European multinationals, and the Stoxx 50 (NYSEARCA:FEZ) is rallying hard for a 2nd day, now up 2.5% on the session.
    • ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, EURL, ADRU, FEEU, DBEU, IEUR, FIEU, HEZU, ESTX, FEUZ, DBEZ
    | Jan. 23, 2015, 7:38 AM
  • Jan. 22, 2015, 1:38 PM
    | Jan. 22, 2015, 1:38 PM | 3 Comments
  • Jan. 22, 2015, 8:47 AM
    | Jan. 22, 2015, 8:47 AM | 14 Comments
  • Jan. 16, 2015, 11:15 AM
    • There's a lot of talk about the carnage resulting from the SNB's move yesterday to drop the euro peg, but - outside of Switzerland - Europe is rallying for a 2nd consecutive session.
    • First, the Swiss move has led to a sharply weaker euro, not just against the franc, but vs. the dollar, pound, and yen. Second, the SNB likely dropped the peg after realizing - whether by friendly phone call from Frankfurt or otherwise - that the ECB is set to launch a massive QE program next week.
    • The Stoxx 50 (NYSEARCA:FEZ) is up another 1.6% today, with Germany's (NYSEARCA:EWG) DAX up 1.5% to an all-time high, France (NYSEARCA:EWQ+0.9%, Italy (NYSEARCA:EWI+1.8%, Spain (NYSEARCA:EWP+0.5%, and the U.K. (NYSEARCA:EWU+1.1%.
    • Parity here we come? The euro (NYSEARCA:FXE) is down another 1% vs. the dollar to just $1.1509.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, EURL, URR, ADRU, FEEU, DBEU, IEUR, FIEU, HEZU, ESTX, FEUZ, DBEZ
    • Previously: Europe liking SNB's cutting the euro loose (Jan. 15)
    | Jan. 16, 2015, 11:15 AM | 5 Comments
  • Jan. 4, 2015, 5:37 PM
    • Euro drops as low as $1.1864 vs. dollar, lowest since 2006, in early overnight trading.
    • Currently trading at $1.1941, -0.6% vs. Jan. 2 close.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Jan. 4, 2015, 5:37 PM | 7 Comments
  • Dec. 4, 2014, 9:06 AM
    • The decision on the ECB's balance sheet target was "not unanimous," says Mario Draghi at his post-policy meeting press conference - code for the "Germans are not yet on board for full-scale QE."
    • Veterans of the EU debt crisis have seen this play before. The Germans balk, markets tank, Draghi works it a bit longer, the Germans balk some more, Draghi works it even more, the central bank eventually moves forward with additional stimulus.
    • Updated ECB staff projections: 2015 GDP growth of 1% vs. 1.6% three months ago. 2015 inflation of 0.7% vs. 1.3% three months ago.
    • We're currently in the tanking phase, with the Stoxx 50 (NYSEARCA:FEZ) now lower by 1.3%, led by Italy's (NYSEARCA:EWI2.4% and Spain's (NYSEARCA:EWP1.9% declines. Germany (NYSEARCA:EWG) is lower by 0.7%, and France (NYSEARCA:EWQby 1%.
    • The euro (NYSEARCA:FXE) surges higher, now up 0.6% at $1.2386.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, EURL, URR, ADRU, FEEU, DBEU, IEUR, FIEU, ESTX, HEZU, FEUZ
    • Previously: ECB stays on hold; Draghi press conference in 45 minutes
    | Dec. 4, 2014, 9:06 AM | 8 Comments
  • Nov. 6, 2014, 8:43 AM
    • ECB officials are unanimous on providing more stimulus if needed, says Mario Draghi early in his post-policy meeting press conference, attempting to put to bed rumors of major disagreements among his crew.
    • The comment is enough to send the euro (NYSEARCA:FXE) tumbling more than 100 pips in the space of a couple minutes to more than a two-year low at $1.2431.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • Previously: Policy on hold at ECB
    • Previously: Knives out for Draghi
    | Nov. 6, 2014, 8:43 AM | 2 Comments
  • Oct. 29, 2014, 2:30 PM
    • While the statement - an end to QE, retention of the "considerable time" language, chatter about improving employment -wasn't much a surprise, the fact that the dissent came from the dove camp suggests perhaps there was a bit more hawkishness in the conference room than past meetings.
    • In any case, while stocks and longer-dated rates have a relatively subdued reaction, money is moving into the greenback (UUP +0.7%), with the euro (FXE -0.7%), yen (FXY -0.7%), pound (FXB -0.2%), Swiss franc (FXF -0.6%), loonie (FXC -0.4%), and aussie (FXA -0.6%) all considerably lower than they were 30 minutes ago.
    • ETFs: FXE, UUP, FXY, EUO, FXA, YCS, UDN, ERO, JYN, DRR, CROC, FORX, UUPT, UDNT, YCL, EUFX, ULE, USDU, URR, GDAY
    • Previously: QE ends, "considerable time" language stays for now
    | Oct. 29, 2014, 2:30 PM
  • Oct. 21, 2014, 8:01 AM
    • Pushing Europe to a sizable rally and sending the euro lower, Reuters says the ECB could decide as soon as this year to begin buying corporate bonds on the secondary market. The move would be an expansion of the ABS buying program launched this week.
    • "The pressure in this direction is high," says Reuters' source.
    • The Stoxx 50 (NYSEARCA:FEZ) is up 1.1% and the euro (NYSEARCA:FXE) lower by about 100 pips since the news, now down 0.3% at $1.2765.
    • Board Europe equity ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, ADRU, FEEU, EURL, DBEU, EURZ, IEUR, FIEU, HEZU, ESTX
    • Euro ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Oct. 21, 2014, 8:01 AM | 15 Comments
  • Oct. 17, 2014, 5:38 AM
    • The ECB will start buying asset-backed securities and covered bonds "within the next few days" as part of its new program, Executive Board member Benoit Coeure has said.
    • "The objective (is) to steer the balance sheet toward higher levels and improve transmission to the real economy," Coeure said, speaking at a conference in Riga in Latvia.
    • He also called for reforms to help boost the eurozone economy. "Talking vaguely about structural reforms, but not doing them, is the worst of all worlds," Coeure said.
    • As you'd expect, Deutsche Bank President Jens Weidmann has reiterated his opposition to ABS purchases and said that they are problematic, particularly if it means a transfer of risk from banks to the ECB. Weidmann is in Riga as well.
    • Meanwhile, ECB governing-council member Ewald Nowotny has said that the bank may have to cut its 2015 eurozone GDP forecast from 1.6%.
    • The euro is +0.05% at $1.2816, while Italian 10-year yields are -4 bps at 2.51%, although they're still sharply higher for the week. German 10-year Bunds are +3 bps at 0.85% after touching fresh record lows this week, while France is +4 bps at 1.29% and Spain is -3 bps at 2.18%.
    • ETFs: FXE, EUO, ERO, EU, DRR, EUFX, ULE, URR
    | Oct. 17, 2014, 5:38 AM | 3 Comments
  • Oct. 14, 2014, 5:21 AM
    • The German ZEW survey of investor confidence has unexpectedly dropped into negative territory for the first time in almost two years, tumbling to -3.6 in October from 6.9 in September and missing expectations of 1.
    • The current situation print has slumped to 3.2 from 25.4, falling short of consensus of 18.
    • Sentiment for the eurozone plunged to 4.1 from 14.2 and missed forecasts of 7.1.
    • "Geopolitical tensions and the weak economic development in some parts of the Eurozone, which is falling short of previous expectations, are a source of persistent uncertainty," says ZEW President Professor Clemens Fuest. "These factors are tarnishing growth expectations in Germany. Disappointing figures concerning incoming orders, industrial production, and foreign trade have likely contributed to the growing pessimism among financial market experts." (PR)
    • The DAX is -0.5% and the euro is -0.8% at $1.2653.
    • European ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EU, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, ADRU, URR, FEEU, EURL, EURZ, DBEU, IEUR, FIEU, ESTX, HEZU
    • German ETFs: EWG, EWGS, DBGR, BUNL, DXGE, GERJ, FGM, GGOV, BUNT, QDEU, HEWG
    | Oct. 14, 2014, 5:21 AM | 2 Comments
  • Sep. 25, 2014, 6:42 AM
    • The ECB chief reiterates his pledge to "use additional unconventional instruments" to combat too-low inflation, with "unconventional" widely assumed to be code for QE.
    • Draghi's comments came after yesterday's PMI report showed the gauge slipping to its lowest level of the year (but still in expansion territory).
    • The euro slipped below $1.27 earlier in the session, and is currently -0.5% at $1.2717.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Sep. 25, 2014, 6:42 AM
  • Sep. 4, 2014, 8:46 AM
    • The ECB cut its growth forecast for the EU for 2014 and 2015, says Mario Draghi at his post-meeting press conference, but raised its outlook for 2016. Inflation is seen at lower-than-expected levels in the coming months before increasing gradually in 2016.
    • The central bank, says Draghi, will start to purchase a broad portfolio of euro-denominated covered bonds and also begin to buy ABS, with further details coming in October. It sounds like the Germans are on board: "Should it become necessary, the Governing Council is unanimous in using additional measures."
    • The Stoxx 50 is now higher by 1.5% and the euro lower by 1% to $1.3015.
    • ETFs: FXE, VGK, EUO, EWG, FEZ, EWP, ERO, IEV, HEDJ, EPV, EZU, EWQ, DRR, FEU, FEP, UPV, EUFX, ULE, DBGR, ADRU, DXGE, FEEU, URR, EURL, FGM, EURZ, DBEU, QDEU, IEUR, FIEU, HEWG, QESP
    • Previously: Euro tumbles, stocks gain as ECB cuts rates
    | Sep. 4, 2014, 8:46 AM | 10 Comments
  • Sep. 4, 2014, 7:56 AM
    | Sep. 4, 2014, 7:56 AM
  • Jun. 5, 2014, 8:42 AM
    | Jun. 5, 2014, 8:42 AM | 32 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.
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