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ProShares Ultra Euro ETF (ULE)

  • Apr. 17, 2013, 10:38 AM
    Smoking the euro (FXE -1%) but offering no help to European stocks (FEZ -3%) is the ECB's (and Germany's) hawkish Jens Weidmann suggesting the central bank could slash rates if punkish economic data keeps rolling in. He brushes aside the idea the region's debt crisis is anywhere near over. "The calm that we are currently seeing might be treacherous."
    | Apr. 17, 2013, 10:38 AM | 3 Comments
  • Mar. 27, 2013, 8:06 AM
    The euro's (FXE) continued sharp decline - off  nearly 10 big numbers since early February - has the bears feeling their oats. Guggenheim's Scott Minerd - burned badly shorting the common currency in 2011 - says he got short again at $1.34 and sees the euro going to parity with the greenback as the ECB will eventually have to buy up peripheral government debt.
    | Mar. 27, 2013, 8:06 AM | 1 Comment
  • Mar. 25, 2013, 5:12 AM
    Like in Asia, European shares rise, as do U.S. futures, following news of Cyprus's €10B bailout deal, with the EU Stoxx 50 +1.3%, London +0.6%, Paris +1.4%, Frankfurt +1.1%, Milan +0.4% and Madrid +0.8%. S&P futures +0.35%, oil +0.4%, gold -0.1%.
    | Mar. 25, 2013, 5:12 AM | 23 Comments
  • Mar. 18, 2013, 2:57 AM
    Asian shares fall sharply following news of the raid on bank deposits in Cyprus as part of the island's bailout. The planned move also sends the euro and oil lower, while the yen regains its safe-haven status. Japan -2.7%, Hong Kong -2.4%, China -1.5%, India -0.9%. Euro -1.3% vs the dollar, -1.3% vs the pound, -2.2% vs the yen and -0.6% vs the Swiss franc. The yen is also +0.9% vs the dollar. WTI -1.2%, gold +0.3%.
    | Mar. 18, 2013, 2:57 AM | Comment!
  • Mar. 17, 2013, 7:30 PM
    Crisis on. S&P 500 futures -1% and the euro -1.2% as Brussels "faced with a drowning member state, instead of throwing the Cypriot people a lifebuoy, (throws) a millstone around its neck." EU leaders risk triggering bank runs in Cyprus (and elsewhere?) by going after bank depositors to fund the country's bank bailout.
    | Mar. 17, 2013, 7:30 PM | 117 Comments
  • Mar. 7, 2013, 8:45 AM
    Draghi: Risks remain to the downside, he says, announcing cuts to the ECB's EU GDP growth (or contraction) forecasts for 2013 and 2014. The euro (FXE) shoots higher, now +0.7% at $1.3058. Go figure.
    | Mar. 7, 2013, 8:45 AM | 2 Comments
  • Feb. 26, 2013, 4:18 AM
    The currency markets are whipsawing a bit following the Italian election, with the euro recovering smartly against the dollar after dropping sharply earlier to a seven-week low of $1.3039; it's now +0.2% at $1.3083. The euro is -0.6% vs the yen at ¥120.4015 as the Japanese currency regains somewhat of a safe haven status.
    | Feb. 26, 2013, 4:18 AM | 1 Comment
  • Feb. 21, 2013, 7:39 AM
    Sharply lower again this morning, the euro (FXE) in February has erased nearly all of its big January gains, with today's PMI slide (to 47.3 from 48.6 in January) the latest data showing the last thing the EU economy needs is a stronger currency. The euro -0.7% and buying $1.3185.
    | Feb. 21, 2013, 7:39 AM | Comment!
  • Feb. 7, 2013, 9:06 AM
    Draghi press conference (live here): The euro turns tail as Draghi talks about risks to the downside and specifically mentions the currency's strength as one of those risks. Up earlier, the euro now -0.4% and buying $1.3462. FXE -0.5% premarket. European stocks are at session highs, the Stoxx 50 +0.6%.
    | Feb. 7, 2013, 9:06 AM | 4 Comments
  • Jan. 24, 2013, 3:34 PM
    The yen's decline is the real deal, says George Soros holding court at Davos, and it's going to make for some unhappy German exporters. The euro, he says, is the outlier currency as the ECB stands alone among the major central banks in not engaging in QE. His comments hit an already weak yen, sending the dollar higher against it by 1.8% to ¥90.20. The hedged Japan equity fund (DXJ) +2.6%.
    | Jan. 24, 2013, 3:34 PM | 7 Comments
  • Dec. 18, 2012, 10:56 AM
    The already-approved (see Tepper) rate cut in Mario Draghi's back pocket may see the light of day soon if the euro continues its run higher. Financial implosion may be off the table, but the EU economy remains in recession, and the euro just broke out to an 8-month high of $1.3210. FXE +0.35%.
    | Dec. 18, 2012, 10:56 AM | Comment!
  • Dec. 7, 2012, 7:51 AM
    More on the euro: A leak out of the ECB says a majority of the governing council support a rate cut, suggesting to be prepared for one in early January. A cut in the overnight lending rate would bring it to 0.5%, but a cut in the deposit rate would bring that into negative territory. It's a new world. The euro briefly falls below $1.29 before quickly reclaiming the level.
    | Dec. 7, 2012, 7:51 AM | Comment!
  • Oct. 16, 2012, 7:58 AM
    Germany is open to a precautionary credit line for Spain, reports Bloomberg. Spain is supposedly interested in a bailout "line of credit" in which the ESM would approve but not disburse any funds until Spain draws on them - more "bazooka in pocket" stuff. The euro adds 35 pips to already solid gains, +0.8% to $1.3049.
    | Oct. 16, 2012, 7:58 AM | 5 Comments
  • Sep. 14, 2012, 7:13 AM
    The dollar continues a big move lower following the Fed's open-ended QE announcement and Bernanke's anything it takes as long as it takes press conference. The euro +1% to $1.3116, the aussie +0.5% to $1.06 - neither of those handles have been seen for months. The loonie +0.4% to $1.0367, a 2012 high.
    | Sep. 14, 2012, 7:13 AM | Comment!
  • Sep. 5, 2012, 10:09 AM
    The euro/Swiss franc cross continues a big move higher, touching CHF 1.2046 as the SNB declines to comment on speculation it is considering raising the CHF 1.20 floor. These occasional rumors are helpful to the SNB, perhaps allowing the bank to unload some of its vast stash of euros at prices higher than it bought them for.
    | Sep. 5, 2012, 10:09 AM | Comment!
  • Aug. 23, 2012, 11:04 AM
    Rumors about a Spanish bailout - including ECB bond buys - aren't enough to move the needle on stocks, but do send the euro hurtling higher by nearly 50 pips. Old habits die hard. FXE +0.5%. Shares in Madrid remain lower by 1.4%.
    | Aug. 23, 2012, 11:04 AM | 2 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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