ProShares Ultra Euro ETF

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  • May 16, 2013, 11:34 AM
    The euro tumbles about 30 pips as European Industry Commissioner Antonio Tajani tabs the currency as too strong and calls on the ECB to manage its level to better-help exports. FXE now up just 0.1%.
    | May 16, 2013, 11:34 AM
  • May 6, 2013, 10:44 AM

    The euro (FXE -0.4%) tumbles as Mario Draghi - in prepared remarks in Rome - says the ECB is ready to act again in coming weeks. The comments are not a whole lot different than what he said post-rate cut at his press conference last Thursday.

    | May 6, 2013, 10:44 AM | 1 Comment
  • May 2, 2013, 9:16 AM

    It tells you all you need to know, says Danske's Owen Callan, that the ECB would consider negative deposit rates rather than buying government paper. Draghi saying he has an "open mind" on negative deposit rates looks to be what sent the euro tumbling about 100 pips on one 5-minute bar. FXE -0.6% premarket.

    | May 2, 2013, 9:16 AM | 5 Comments
  • May 2, 2013, 9:07 AM

    "There was a very strong prevailing consensus towards an interest rate cut," says Draghi, now taking questions at his press conference. The answer suggests the vote wasn't unanimous (Weidmann?). As Draghi points to higher stock prices as one measure of the ECB's success, markets turn tail, the Stoxx 50 (FEZ) now off 0.5%, and the euro (FXE) really tumbling, -0.8%.

    | May 2, 2013, 9:07 AM | 1 Comment
  • Apr. 23, 2013, 5:35 AM
    European equities climb following mixed eurozone PMI data, with German shares just about brushing off poor PMI readings for the country, although the euro falls vs the dollar. EU Stoxx 50 +0.8%, London +0.5%, Paris +1.2%, Frankfurt +0.1%, Milan +0.7%, Madrid +1%. Euro -0.7% at $1.2979.
    | Apr. 23, 2013, 5:35 AM | 1 Comment
  • 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
  • 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
  • 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
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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