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ProShares Ultra Euro ETF (ULE)

  • Dec. 12, 2011, 12:04 PM
    In the wake of the Fitch statement, the euro touches its lowest point since early October, now at $1.3186. Any further fall will send the currency back to its level of last January, when it was on the rise as the Fed was in the midst of QE and the ECB was getting ready to tighten. FXE -1.4%.
    | Dec. 12, 2011, 12:04 PM | 1 Comment
  • Dec. 8, 2011, 11:23 AM
    The euro continues to slide, dropping below $1.33 for the first time since the Fed dollar swap line news last week, and continuing a major reversal from a big move higher this morning. The catalyst was Mario Draghi squashing hopes (for now) of an ECB bazooka. FXE -0.9%.
    | Dec. 8, 2011, 11:23 AM | Comment!
  • Dec. 5, 2011, 12:46 PM
    Joe Weisenthal reckons the collapse in Italian bond yields is not just due to the country's €30B austerity, it's because "the market anticipates that after a fiscal compact is reached, the ECB will step in and backstop the whole thing." If so, and the ECB doesn't step in, it also means that what goes down could also go right back up.
    | Dec. 5, 2011, 12:46 PM | 1 Comment
  • Dec. 5, 2011, 10:37 AM
    Italian 10-year bond yields are now -71 bps to below 6%, with markets apparently buying into the government's austerity package and believing that Merkozy can save the eurozone. It's a remarkable fall from 7.365% less than two weeks ago. Spanish yields are -58 bps at 5.1%. Meanwhile, stocks are higher across both sides of pond.
    | Dec. 5, 2011, 10:37 AM | 2 Comments
  • Dec. 5, 2011, 6:20 AM
    Italian bond yields are -49 BPS at 6.188% following the government's new three-year, €30B ($40.3B) austerity plan, and amid yet more hope that yet another EU summit at the end of the week will finally produce that fabled silver bullet. Or as SocGen called it, "nuclear" policy action, specifically from the ECB.
    | Dec. 5, 2011, 6:20 AM | 1 Comment
  • Dec. 1, 2011, 11:49 AM
    The greenback and the euro quickly surge higher vs. the Swiss franc on a rumor the SNB is considering additional weakening steps, including the imposition of negative interest rates. FXF -0.3%.
    | Dec. 1, 2011, 11:49 AM | Comment!
  • Nov. 28, 2011, 10:01 AM
    European shares leg up to new highs on the day, the broad Stoxx 50 +5%. The best performing market is France, +5.1%. The laggard is the U.K., +2.9%. The last rally of this sort was Oct. 27, before that, July 21 - both world-class selling opportunities. Will today be different?
    | Nov. 28, 2011, 10:01 AM | Comment!
  • Nov. 25, 2011, 6:02 AM
    Yields sky-rocket to an average of 6.5% as Italy sells €8B ($10.7B) worth of 6-month bills, up from 3.35% in October, with the bid-to-cover ratio dropping to 1.47 from 1.57. In an auction of €2B worth of 2-year zero-coupon bonds, the yield soared to 7.814% from 4.628%.
    | Nov. 25, 2011, 6:02 AM | 2 Comments
  • Nov. 25, 2011, 3:02 AM
    German bunds stabilize as December futures rise 9 ticks to 135.14, while 10-year yields fall 2.5 bps to 2.169%. "Bunds are really just too cheap at the moment," says a trader. "The market is trading like it expects armageddon and equities are trading like they expect some sort of muddle through, but bunds are usually right."
    | Nov. 25, 2011, 3:02 AM | Comment!
  • Nov. 25, 2011, 2:51 AM
    The euro hits a new seven-week low of $1.3298 following yesterday's disappointing meeting between Merkel, Sarkozy and Monti. The euro has lost around 1.5% this week, and with international asset managers pulling out the eurozone, the market is braced for further weakness. Euro now -0.3% at $1.3307.
    | Nov. 25, 2011, 2:51 AM | Comment!
  • Nov. 24, 2011, 6:29 AM
    U.K. 10-year borrowing costs are now cheaper than those of Germany for the first time since 2009, with gilts yielding 2.19% and bunds 2.21%. "Going, going..With German bunds yielding more than gilts, the euro crisis has moved into its final phase. Germany must act or it's game over," says Jeremy Warner.
    | Nov. 24, 2011, 6:29 AM | 5 Comments
  • Nov. 24, 2011, 4:34 AM
    Amid the angst over yesterday's German debt auction and PMI, the country's Ifo business sentiment index for Nov unexpectedly rises to 106.6 from 106.4 in Oct, the first increase since June. Expectations were for a drop to 105.1. The euro rises in reaction and is now +0.3% on the day to $1.339. (PR)
    | Nov. 24, 2011, 4:34 AM | Comment!
  • Nov. 24, 2011, 4:19 AM
    German 10-year bond prices continue yesterday's falls following that debt auction, with yields rising 9 bps to 2.24% after reports that Germany’s government is concerned it may have to agree to euro bonds. It's a prospect that RBC rates strategist Norbert Aul calls a "credibility transfer."
    | Nov. 24, 2011, 4:19 AM | Comment!
  • Nov. 23, 2011, 8:29 AM
    Could Germany change its mind over how to deal with the eurozone's debt crisis after a rise in yields today? David Beers, the head of S&P's sovereign ratings, seems to think so. "It's quite telling that there has been upward pressure on yields in Germany - it might begin to change perceptions," said Beers.
    | Nov. 23, 2011, 8:29 AM | 3 Comments
  • Nov. 23, 2011, 5:52 AM
    German Bund futures fall as much as 69 ticks to a session low of 136.56 after the country's disastrous bond auction. The euro also drops, -0.9% for the day at $1.339. EU shares take a dive as well, with the Euro STOXX 50 -0.9%, London -0.9%, Paris -0.6%, Frankfurt -1.2%.
    | Nov. 23, 2011, 5:52 AM | Comment!
  • Nov. 21, 2011, 11:19 AM
    Wild action in the currency markets where the euro is having none of this "risk off" action, soaring in the past few minutes to $1.3521, unchanged for the day. The other "risk" currencies - the aussie, the loonie, the real, the peso ... all remain sharply lower. Something's up.
    | Nov. 21, 2011, 11:19 AM | 5 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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