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ProShares Short Euro ETF (EUFX)

- NYSEARCA
  • Mon, Mar. 16, 5:16 AM
    • The euro recouped its earlier losses after briefly touching a new 12-year low against the dollar in Asia trade, but further slides in the currency looked likely given the diverging monetary policies in the eurozone and U.S.
    • Ahead of the FOMC scheduled to end Wednesday, the euro was up 0.4% at $1.0536 after hitting $1.0457, its lowest since January 2003.
    • Nearly all now believe that Fed policy setters will remove the word "patient" from their statement, opening the door for a rate increase in June.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Mon, Mar. 16, 5:16 AM | Comment!
  • Fri, Mar. 13, 7:55 AM
    • Goldman now has the most bearish of the major bank euro (NYSEARCA:FXE) forecasts after slashing its year-end expectation for the currency to $0.95 from $1.08 at its January forecast. By the end of 2016, Goldman sees the euro at $0.85, and all the way to $0.80 by 2017's close.
    • The euro's all-time low of $0.8225 was touched in October 2000.
    • At the heart of the forecast are the divergent growth outlooks for the U.S. and EU, and the resultant divergent monetary policies of the Fed and ECB.
    • The euro's off 0.45% today to $1.0584, not far above a 12-year low of $1.0494 hit yesterday.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Fri, Mar. 13, 7:55 AM | 2 Comments
  • Thu, Mar. 12, 9:46 AM
    • The central bank bought about €10B worth of bonds with an average maturity of nine years in the first three days of its asset purchase program, according to board member Benoit Coeure.
    • The ECB plan is for €60B per month in purchases through at least September 2016.
    • He calls the recent volatility (mostly down) in the euro of late transitory due to investors wrapping their heads around how the ECB QE program is working.
    • The euro (FXE +0.9%) is on the move to the upside today.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Thu, Mar. 12, 9:46 AM | Comment!
  • Thu, Mar. 12, 4:27 AM
    • The euro eased after falling to fresh 12-year lows against the dollar today, as the ECB's stimulus program continued to weigh, while investors looked ahead to U.S. economic reports later in the session.
    • Hitting its weakest since March 2003, the euro fell to $1.0495 before pulling back to trade at $1.0624, 0.7% higher for the day.
    • The U.S. will release data on retail sales and jobless claims this morning, which will be closely watched for further indications on the direction of monetary policy.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Thu, Mar. 12, 4:27 AM | 3 Comments
  • Wed, Mar. 11, 4:34 AM
    • The euro fell to a fresh 12-year low on Wednesday, extending a broad decline just days after the ECB launched its €1T bond-buying program, while the dollar index soared to its highest in more than 11 years at 98.95, buoyed by expectations that the Fed could soon lift U.S. interest rates.
    • Nearly all now believe the FOMC will remove the word "patient" from its policy statement after its March 17-18 meeting, opening the door for a rate increase in June.
    • The euro is -0.4% at $1.0652.
    • Euro ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • Dollar ETFs: UUP, UDN, UUPT, FORX, UDNT, USDU
    | Wed, Mar. 11, 4:34 AM | 10 Comments
  • Tue, Mar. 10, 2:20 AM
    • The euro continued its decline on Tuesday, hitting a new 12-year low against the dollar, as Dallas Fed President Richard Fisher reiterated that the U.S. should promptly end its easy monetary policy and press ahead with an interest rate increase.
    • So far this month, the euro has dropped more than 400 pips, or 3.63% against the dollar.
    • The currency also felt pressure from lower euro zone debt yields after the ECB launched a €1T bond buying program yesterday.
    • The euro is -0.5% to 1.0793.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Tue, Mar. 10, 2:20 AM | Comment!
  • Mon, Mar. 9, 6:14 AM
    • Looking to stimulate the eurozone economy and avert the threat of deflation, the ECB began its €60B per month QE program today by buying German government bonds, Bloomberg reports quoting two traders in government debt.
    • While European equities slipped, eurozone yields held steady, and the euro added 0.6% to $1.0903 to regain some ground after its slide to an 11-year low last week.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Mon, Mar. 9, 6:14 AM | Comment!
  • Thu, Mar. 5, 4:06 AM
    • The ECB is expected to focus on improved growth prospects when it meets today, and unveil some details of its 1T+ euro bond buying plan.
    • The bank is expected to keep interest rates on hold and lift growth forecasts after a string of positive data surprises. But with inflation at -0.3% in February, the bank could reverse its 0.7% inflation forecast for 2015 and predict deflation.
    • Markets will also be looking for guidance for on how quantitative easing will work, when the buying will start, whether it applies to paper with negative yields and how the purchases will be distributed along the yield curve. The ECB previously said money printing would last until September 2016 at least.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR, VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, EURL, ADRU, FEEU, DBEU, IEUR, FIEU, ESTX, HEZU, SBEU, DBEZ, FEUZ
    | Thu, Mar. 5, 4:06 AM | 2 Comments
  • Wed, Mar. 4, 6:22 AM
    • European shares reversed earlier gains this morning following a final estimate of a closely-watched survey of the region's services and manufacturing sectors.
    • The composite reading of Markit's PMI came in at 53.3 in February, weaker than a preliminary reading of 53.5.
    • Crashing through support levels that have held for more than a month, the euro headed to a six-week low today under pressure from the ECB's launch of quantitative easing.
    • The euro is -0.5% at $1.1118.
    • FTSE 100 -0.3%; DAX -0.3%; CAC 40 flat; Euro Stoxx 50 -0.1%.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Wed, Mar. 4, 6:22 AM | Comment!
  • Mon, Mar. 2, 6:24 AM
    • Eurozone consumer prices fell for the third straight month in February, giving some encouragement to ECB policy makers as they prepare to meet in Cyprus on Wednesday and Thursday to set the stage for their new stimulus program.
    • Eurostat said prices were 0.3% lower than in February 2014, having fallen 0.6% in January, while the unemployment rate across the eurozone fell to 11.2% in January, its lowest since April 2012.
    • FTSE 100 +0.3%; DAX +0.2%; CAC 40 -0.4%; Euro Stoxx 50 -0.1%.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Mon, Mar. 2, 6:24 AM | Comment!
  • Mon, Feb. 23, 5:13 AM
    • European stock markets rose and the euro started the week on a cautious note as a Greek debt deal struck last week remains in the balance.
    • Euro zone finance ministers agreed on Friday to extend Greece's bailout deal for four months, provided it comes up with a list of economic reforms by Monday.
    • Germany's DAX is now up 0.4% at 11,093.30 points after rising to 11,158.55 - its highest ever level, as Ifo's German business climate index edged up to 106.8 in February from 106.7 last month. The Greek market is closed on Monday for a holiday.
    • The euro is -0.6% at $1.1314.
    • FTSE 100 -0.2%; CAC 40 +0.3%; Euro Stoxx 50 +0.4%.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Mon, Feb. 23, 5:13 AM | 9 Comments
  • Fri, Feb. 20, 4:12 AM
    • The German and French economy picked up momentum this month as manufacturing continued growing in Germany and services expanded in the two countries.
    • Markit's German composite Purchasing Managers Index of both industries came in at its best in seven months, increasing to 54.3 from 53.5 in January.
    • France posted its strongest composite services PMI score in three and a half years, rising to 52.2 from 49.3 last month.
    • Update: Eurozone PMI came in at 53.5 this month, up from January's 52.6.
    • The euro is -0.4% at $1.1320, while the DAX -0.2%; CAC 40 -0.2%.
    • ETFs: FXE, EUO, EWG, ERO, EWQ, DRR, EUFX, EWGS, ULE, DBGR, DAX, URR, DXGE, FGM, QDEU, HEWG
    | Fri, Feb. 20, 4:12 AM | 2 Comments
  • Thu, Feb. 19, 7:40 AM
    | Thu, Feb. 19, 7:40 AM | 25 Comments
  • Sat, Feb. 7, 2:11 PM
    • The Swiss National Bank had no option but to exit its minimum exchange rate policy as "the international environment had changed," said the head of the central bank, Thomas Jordan, citing the ECB’s new QE policy.
    • This would have put "enormous pressure on the franc" and forced the SNB to buy around 100B francs' ($108M) worth of foreign currency a month to defend the cap of 1.20 francs to the euro, he added.
    • The SNB unexpectedly scrapped its cap on the franc last month, sending the Swiss stock market plunging and pushing the franc to record highs.
    • "Economic growth will certainly be weaker than we forecast in December, and its possible we could have one or two quarters of negative quarterly growth," warned Jordan.
    • ETFs: FXF, EWL, FSZ, FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Sat, Feb. 7, 2:11 PM | 8 Comments
  • Thu, Feb. 5, 7:59 AM
    | Thu, Feb. 5, 7:59 AM | 9 Comments
  • Thu, Feb. 5, 3:59 AM
    • European equities are heading south after the ECB put more pressure on Greece by revoking a waiver that allowed banks to use Greek government debt as collateral for loans.
    • "It is currently not possible to assume a successful conclusion" of Greece’s current bailout, the ECB said late Wednesday, just hours after its president, Mario Draghi, met with Greek finance minister Yanis Varoufakis.
    • The euro fell close to a fresh 11-year low immediately after the ECB’s announcement, and remained under pressure today despite clawing back some of those losses. One euro currently buys $1.1373.
    • FTSE 100 -0.5%; DAX -0.3%; CAC 40 -0.6%; Euro Stoxx 50 -0.8%.
    • ETFs: FXE, EUO, GREK, ERO, DRR, EUFX, ULE, URR
    | Thu, Feb. 5, 3:59 AM | 9 Comments
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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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