ProShares Ultra Euro ETF (ULE) - NYSEARCA
  • Mar. 9, 2012, 9:07 AM

    The dollar is moving sharply higher against most major currencies following the jobs report. It's the opposite of recent market action where, perversely, strong U.S. economic news saw the greenback drop as money moved into "risk" assets, of which the euro, the pound, and the aussie are now thought of. The euro -1.1%, pound -0.7%, aussie -0.4%, yen -1.1%. UUP +0.8% premarket.

    | Mar. 9, 2012, 9:07 AM | 1 Comment
  • Mar. 8, 2012, 9:34 AM

    The euro sheds a chunk of the day's gains as Draghi's press conference - which can be best described as a victory lap by a man who feels he has won a big battle, if not the war - moves towards conclusion. European shares remain solidly higher, Stoxx 50 +1.4%. Euro +0.6% at $1.3233.

    | Mar. 8, 2012, 9:34 AM
  • Feb. 29, 2012, 10:17 AM

    The euro goes into a tailspin on the release of the Bernanke testimony, diving about 50 pips and now down 0.4% on the day at $1.3403. It's a curious move given the lack of news in the Chairman's report, and even more curious considering the ECB conjuring up €529.5B earlier had little effect on the currency.

    | Feb. 29, 2012, 10:17 AM | 1 Comment
  • Feb. 2, 2012, 7:15 AM
    The euro has its legs taken out as Eurogroup head Juncker says the Greek debt restructuring talks are "ultra-difficult," either sending a signal that another day will pass with no deal, or teeing up the shorts to get slammed later. Euro -0.5% at $1.3095. European shares: Stoxx 50 -0.2%, Germany flat.
    | Feb. 2, 2012, 7:15 AM | 1 Comment
  • Jan. 31, 2012, 11:04 AM
    Traders are testing the will of the SNB, driving the euro/franc exchange rate to CHF 1.2037, the lowest level since the bank set a CHF 1.20 floor on the pair last fall. Since that bombshell move, the euro has mostly traded above 1.20 as punters waited for the SNB to raise the floor even higher. With Hildebrand's ouster, 1.20 may look challengeable.
    | Jan. 31, 2012, 11:04 AM
  • Jan. 23, 2012, 6:47 AM

    A sharp rally in the euro over the last hour has brought the currency back to the $1.30 level for the first time since the thin opening sessions of the year. FXE +0.4% premarket. Euro buying $1.3006. European stocks jump as well, Stoxx 50 +0.9%.

    | Jan. 23, 2012, 6:47 AM
  • Jan. 17, 2012, 9:34 AM
    The euro dives from the day's highs as a couple of comments hit the tape. Dutch finmin Jan Kees de Jager says no more aid should go to Greece if its debt is unsustainable, and it's up to the IMF to decide such. Meantime, Swiss economy minister Schneider muses about a eurozone with Germany, the Netherlands, and France.
    | Jan. 17, 2012, 9:34 AM
  • Jan. 13, 2012, 10:12 AM

    Stocks and the euro take a new leg down on chatter negotiators are losing confidence a restructuring deal can be worked out for Greece's debt. As a reminder, Greece awaits an €89B bailout tranche, without which it will faces an imminent hard default. The IMF/EU has said it will not release that tranche unless a restructuring deal has been sealed. The euro hits a new multi-year low at $1.2649.

    | Jan. 13, 2012, 10:12 AM
  • Jan. 13, 2012, 9:17 AM
    Reuters adds to the rumors, saying its senior eurozone sources expect several downgrades of EU countries today, but Germany isn't one of them. Stoxx 50 now -0.6%, euro -0.9% at $1.2694 (a few hours ago, it was set to rise above $1.29).
    | Jan. 13, 2012, 9:17 AM | 1 Comment
  • Jan. 13, 2012, 9:00 AM
    Already well off from nearly retaking $1.29 earlier, the euro's retreat has accelerated over the past minutes, now -0.7% at $1.2723. "Eurozone sources say several countries may face imminent downgrade by S&P," reads a wire.
    | Jan. 13, 2012, 9:00 AM | 1 Comment
  • Jan. 12, 2012, 9:35 AM

    The euro has risen sharply throughout Mario Draghi's press conference (now over) as he gives no indication the ECB may ease beyond what it has already done. In fact, he says the bank is seeing signs of "stabilization" in the EU economy. Euro +0.8% at $1.2802.

    | Jan. 12, 2012, 9:35 AM
  • Jan. 11, 2012, 7:11 AM
    The euro dives below $1.27 and European shares are down alongside with some crediting Fitch's comments with spooking the markets. The Stoxx 50 gives up gains of about 0.5%, now -1.1%. The euro is back within a handful of pips of a 16-month low, -0.7% at $1.2688.
    | Jan. 11, 2012, 7:11 AM
  • Jan. 6, 2012, 8:19 AM

    Italian, Spanish and Austrian government bond yields are higher ahead of auctions next week due to the usual worries over Greece, Spain and Hungary, although  sentiment on the latter is improving. Despite ECB intervention, Italian 10-year yields +3 bps at 7.12%, Spain +5 bps at 5.68%, and Austria +12 bps at 3.49%.

    | Jan. 6, 2012, 8:19 AM
  • Jan. 6, 2012, 6:29 AM
    German new industrial orders -4.8% M/M in November vs. +5% in October and -1.7% forecast. Foreign orders -7.8%, domestic orders -1.1%. The euro takes a dive from earlier highs and is now -0.1% vs. the dollar.
    | Jan. 6, 2012, 6:29 AM | 9 Comments
  • Jan. 5, 2012, 7:21 AM
    The euro follows (or leads or moves alongside) European shares lower this morning, -0.8% to $1.2834 and taking out its 2011 low set nearly a year ago to the day. The currency now sits at its weakest level vs. the greenback since mid-2010. Next stops on the charts may be in the $1.26 area and then the 2010 lows just under $1.20.
    | Jan. 5, 2012, 7:21 AM
  • Jan. 3, 2012, 12:51 PM
    Spanish 10-year bond yields jump 18 bps to 5.29% as traders cash in on debt that they say looks expensive vs. that of Italy. In addition, the grim outlook for Spain's public finances is starting to affect its outperformance over Italy, whose yields rise slightly to 6.9%.
    | Jan. 3, 2012, 12:51 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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