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ProShares Short Euro ETF (EUFX)

- NYSEARCA
  • Mon, Jan. 26, 11:39 AM
    • The Athens Stock Exchange General Index is down 3.2% and the FTSE/Athens Stock Exchange Large Cap Index off 5.6%, after the hard-left Syriza party comes to power in Greece.
    • Trading here, the Greece ETF (GREK -4.6%) and the National Bank of Greece (NBG -8.3%).
    • The rest of Europe, however, continues to enjoy the ECB's QE program, and the Stoxx 50 (NYSEARCA:FEZ) is higher by 0.9%, led by Italy (NYSEARCA:EWI) and Spain (NYSEARCA:EWP) each up 1.15%.
    • The euro (NYSEARCA:FXE) sunk below $1.11 in knee-jerk trade last night, but has reversed to $1.1278, up 0.7% on the session.
    • Meanwhile, European officials - led by Germany's Angela Merkel - move quickly to shoot down any idea of relaxed terms on Greece's bailout. On their mind, no doubt, is the striking success of Syriza yesterday possibly energizing other anti-austerity, left-wing movements elsewhere on the continent. The eurocrats don't want to give the idea that eased bailout conditions await new governments.
    • 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
    | 11 Comments
  • Sun, Jan. 25, 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)
    | 44 Comments
  • Fri, Jan. 23, 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
    | Comment!
  • Fri, Jan. 23, 3:08 AM
    • "The Greek election provides another reason to sell euro in case the ECB decision was not enough," said Sean Callow, a currency strategist at Westpac Banking.
    • The euro is headed toward a sixth weekly decline against the dollar, now trading down 0.1% at $1.1347, before Greek voters go to the polls on Sunday.
    • With the left-wing Syriza party ahead in the latest surveys, power may shift from Prime Minister Antonis Samaras to his anti-austerity opponent Alexis Tsipras.
    • ETFs: FXE, EUO, GREK, ERO, DRR, EUFX, ULE, URR
    | 5 Comments
  • Thu, Jan. 22, 1:38 PM
    | 3 Comments
  • Thu, Jan. 22, 8:47 AM
    | 14 Comments
  • Fri, Jan. 16, 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)
    | 5 Comments
  • Thu, Jan. 15, 6:18 AM
    • The Swiss National Bank unexpectedly scrapped its cap on the franc today to fight recession and deflation threats after investors fleeing the euro zone crisis pushed the currency to record highs.
    • Minutes after the announcement the franc had soared by almost 30% in value against the euro, sending the safe-haven currency crashing through the 1.20 per euro limit it introduced on Sept. 6, 2011.
    • The euro is now down 13.9% against the franc at $1.0345.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 2 Comments
  • Tue, Jan. 13, 3:29 PM
    • Pimco joins the increasingly sizable crowd expecting the euro (NYSEARCA:FXE) to reach parity with the greenback. Speaking on Bloomberg, Richard Clarida notes the euro - even in the EMU's darkest days in 2011 and 2012 - never fell below $1.1837, but we're through there now. "My own view is the next technical is parity," he says (without giving timing).
    • At heart of the fundamental reasons for the forecast is Clarida's expectation the ECB will introduce a sizable QE program this month.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Thu, Jan. 8, 3:18 PM
    • The team at ING was more bearish than most on the euro (NYSEARCA:FXE) last year, helping it to the top of Bloomberg's ranking of forex analysts as the common currency closed the year buying $1.20 vs. about $1.37 at 2014's start.
    • The bank's uber-bearish view is unchanged in the new year, and the combination of ECB easing and Fed rate hikes in 2015 has ING seeing the euro dropping all the way to $1, far below the median estimate in a Bloomberg survey.
    • ING's currency strategy chief Chris Turner believes the ECB will announce QE at its Jan. 22 meeting, and then outlining details on March 5. As for the Fed, it should start raising rates by June - earlier than what the market is expecting.
    • The euro is lower by 0.45% on the session to $1.1787.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Thu, Jan. 8, 3:48 AM
    • European stocks are climbing higher following a strong Asian session, after yesterday's strong U.S. private sector jobs data and ECB stimulus hopes.
    • German factory orders fell by 2.4% M/M in November, far surpassing economists' expectations of a 0.7% drop, further bolstering the case for additional stimulus.
    • The euro is now $1.1808 vs. the dollar, after sinking as much as 0.7% yesterday to $1.1802, its weakest price since Jan. 2006,
    • FTSE 100 +1.3%; DAX +1.3%; CAC 40 +1.7%; Euro Stoxx 50 +1.7%.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 1 Comment
  • Wed, Jan. 7, 6:41 AM
    • Pushing the ECB closer to bolder policy stimulus as it fights to revive inflation, consumer prices fell in the eurozone for the first time since 2009, contracting by 0.2% Y/Y in December.
    • The euro is now $1.1826 vs. the dollar, a fresh nine-year low.
    • Investors are also getting ready for FOMC minutes today, which will be watched closely for further signals as to when interest rates will be increased.
    • FTSE 100 +0.9%; DAX +1%; CAC 40 +1.1%; Euro Stoxx 50 +1%.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Wed, Jan. 7, 3:47 AM
    • The euro slid to a fresh nine-year low today, sinking as much as $1.1842 against the dollar, as investors braced for data today which will likely show December consumer prices in the euro zone falling for the first time in more than five years.
    • The figures could push the ECB closer to bolder policy stimulus as it fights to revive inflation.
    • Euro is now -0.2% at $1.1868.
    • FTSE 100 +0.6; DAX +0.5; CAC 40 +0.7; Euro Stoxx 50 +0.5.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Tue, Jan. 6, 5:01 AM
    • "The euro zone will look upon 2014 as a year in which recession was avoided by the narrowest of margins," announced Markit's Chris Williamson.
    • Markit's final December Composite PMI missed an earlier flash reading of 51.7, coming in at 51.4, but beat November's 16-month low of 51.1.
    • "The weakness of the PMI in December will add to calls for more aggressive central bank stimulus, including full-scale quantitative easing, to be undertaken as soon as possible," added Williamson.
    • The euro is -0.2% at $1.1908.
    • DAX -0.2; CAC 40 -0.5; Euro Stoxx 50 -0.2.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 1 Comment
  • Mon, Jan. 5, 4:29 AM
    • European stocks are mostly in the red, as fears over Greece's future in the euro zone and a fresh multi-year low for oil prices weighed on markets.
    • Investors will be watching for data this week that is forecast to show December consumer prices in Europe falling for the first time in five years, adding to the argument for Mario Draghi to extend stimulus.
    • The euro fell to $1.1861 on Sunday night, its weakest level since March 2006, as investors bet on the quantitative easing. The common currency last traded at $1.1949.
    • FTSE 100 -0.5; DAX flat; CAC 40 flat; Euro Stoxx 50 -0.2.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 5 Comments
  • Sun, Jan. 4, 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
    | 7 Comments
EUFX vs. ETF Alternatives
EUFX Description
ProShares Short Euro seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the U.S. dollar price of the euro.
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