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ProShares Short Euro ETF (EUFX)

- NYSEARCA
  • Mar. 10, 2014, 7:38 AM
    • "We are clearly not very happy at the moment," says ECB board member Christian Noyer when asked about the strength of the euro (FXE). "It's clear that when the euro starts to strengthen it creates additional downward pressure on the economy and additional downward pressure on inflation. Both cases are not warranted at the moment."
    • Noyer, however, doesn't signal any new policy ease, instead calling the "extreme degree" of stimulus appropriate for now. The ECB does, of course, stand ready to act as necessary.
    • In the green earlier, the euro is now slightly lower on the session.
    • Euro ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Mar. 6, 2014, 8:49 AM
    • The euro pops above $1.38 as Mario Draghi - in his post-ECB meeting press conference - gives no indication in the early-going of any consideration of further monetary ease. It had been thought declining inflation might prompt action, but Draghi calls the upside and downside risks to price developments broadly balanced over the medium-term.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • European stocks have given back nearly all of their earlier gains, the Stoxx 50 now up 0.1%.
    • ETFs: VGK, FEZ, DFE, IEV, EPV, EZU, HEDJ, GXF, FEU, GUR, FDD, ESR, FEP, UPV, ADRU, FEEU, EURL, EURZ, DBEU, FIEU
    • Earlier: The ECB leaves policy unchanged.
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  • Mar. 5, 2014, 5:07 AM
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  • Mar. 5, 2014, 4:13 AM
    • Eurozone services PMI increased to 52.6 (flash 51.7) in February from 51.6 in January.
    • Composite output rose to 53.3 (flash 52.7) from 52.9.
    • Italy's composite PMI improved to a 34-month high of 53.4, while Germany grew strongly as well, although Spain and Ireland slowed a bit and France continued to contract.
    • Of particular encouragement, though, in the overall survey, was that headcount improved for the first time since 2011.
    • The PMI data suggests that eurozone GDP is on track to grow 0.4-0.5% in Q1, which would be the "best performance for three years."
    • The euro is flat at $1.3742 after being lower before the eurozone PMI reports were released. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EUFN, EZU, HEDJ, DRR, FEU, EUFX, FEP, ULE, UPV, IFEU, URR, ADRU, FEEU, EURL, EURZ, DBEU, FIEU
    | Comment!
  • Mar. 3, 2014, 4:08 AM
    • Eurozone manufacturing PMI slipped to 53.2 (flash 53) in February from 54 in January.
    • The survey is consistent with industrial output growing at 1% in Q1, while GDP is set to rise 0.4-0.5%, says Markit.
    • "With new orders and backlogs of work still rising at reasonable rates, further ongoing expansion is signalled for coming months," Markit adds.
    • The euro is -0.1% at $1.3782. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EUFN, EZU, HEDJ, DRR, FEU, EUFX, FEP, UPV, ULE, URR, ADRU, FEEU, EURL, DBEU, EURZ, FIEU
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  • Feb. 28, 2014, 5:07 AM
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  • Feb. 26, 2014, 3:09 PM
    • The ECB has little choice but to get into the QE business, says BNP Paribas, noting persistent surprises to the downside in inflation "eroding the safety margin against deflation ...  Additional conventional policy easing will not deliver sufficient monetary accommodation for the price stability mandate to be met."
    • Annual inflation in the eurozone is running at 0.7%, far below the roughly 2% target of the central bank, and Goldman Sachs predicts the rate will fall to just 0.4% in March.
    • BNP sees €300B-€500B of purchases in the initial phase of an ECB QE program likely to commence in H2. The impact, says the bank, will be a big one, particularly in the government bond rates of Spain and Italy which would fall 60-80 basis points across the curve. This just in: Spanish and Italian 10-year paper yields 3.54%, just 87 basis points more than U.S. 10-year Treasurys. Is it conceivable that Spanish and Italian 10-year notes will yield less than Treasurys by year-end?
    • Euro ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 3 Comments
  • Feb. 24, 2014, 5:09 AM
    • Eurozone CPI dropped 1.1% on month in January after rising 0.3% in December, with the fall much sharper than the 0.4% decline that was expected.
    • On year, inflation +0.8%, as in December, vs expectations of +0.7%.
    • Core CPI +0.8% vs +0.7% previously.
    • The euro is +0.2% at $1.3763. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EZU, HEDJ, DRR, FEU, EUFX, FEP, UPV, ULE, IFEU, URR, ADRU, FEEU, EURL, DBEU, EURZ, FIEU
    | Comment!
  • Feb. 20, 2014, 4:18 AM
    • Eurozone flash manufacturing PMI has slipped to 53 in February from 54 in January and missed consensus that was also 54.
    • Services have edged up to 51.7 from 51.6 and vs 51.9.
    • Composite output has fallen to 52.7 from 52.9 and vs 53.1.
    • Manufacturing output has declined to 55.5 from 56.7.
    • "A dip in the eurozone PMI provides a reminder that the region's recovery continues to be uneven and fragile," says Markit, "but it's too early to read too much into one month's data."
    • PMI data from January and February suggest Q1 GDP growth of 0.5%.
    • The euro is -0.3% at $1.3697. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EUFN, EZU, HEDJ, DRR, FEU, EUFX, FEP, UPV, ULE, URR, ADRU, FEEU, EURL, DBEU, EURZ, FIEU
    | Comment!
  • Feb. 14, 2014, 5:08 AM
    • Eurozone economic growth accelerated to 0.3% on quarter in Q4 from 0.1% in Q3 and topped forecasts of +0.2%.
    • On year, GDP +0.5% vs -0.3% and +0.4%. (PR)
    • The eurozone trade surplus fell to €13.9B from €17B and missed consensus of €15B. (PR)
    • The euro is +0.1% at $1.3690, slightly down from earlier highs.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EUFN, EZU, HEDJ, DRR, FEU, EUFX, UPV, ULE, FEP, ADRU, URR, FEEU, EURL, DBEU, EURZ, FIEU
    | 2 Comments
  • Feb. 12, 2014, 8:13 AM
    • Taking the benchmark deposit rate to negative territory "is something we are considering very seriously," says ECB board member Benoit Coeure, quickly adding not to expect too much effect on the economy from the move.
    • Theoretically, the move would induce banks currently parking money at the ECB (and earning 0%) to find better things to do with it, like lending it into the economy ... theoretically.
    • The euro (FXE) takes a quick drop, now off 0.5% on the session and buying $1.3575.
    • Euro ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 2 Comments
  • Feb. 7, 2014, 7:18 AM
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  • Feb. 7, 2014, 5:01 AM
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  • Feb. 7, 2014, 4:02 AM
    • Germany's Constitutional Court has decided to refer a complaint against the European Central Bank's Outright Monetary Transactions (OMT) program, which allows the ECB to buy sovereign debt in the secondary market, to the European Court.
    • The German court believes there are "important reasons to assume that it exceeds the European Central Bank's monetary policy mandate and thus infringes the powers of the member states, and that it violates the prohibition of monetary financing of the budget."
    • However, the court "also considers it possible that if the OMT Decision were interpreted restrictively," it could be legal.
    • The court is due to rule on the legality of the eurozone's permanent bailout scheme, the European Stability Mechanism, on March 18.
    • This is "huge," tweets Reuters Jamie McGeever. Is "Germany giving up (its) veto, opening (the) door to outright QE?"
    • The euro, which was bumbling fairly innocuously, has taken a bit of a dive and is -0.2% at $1.3564. The DAX is -0.1%. (PR)
    • ETFs: FXE, VGK, EUO, EWG, FEZ, ERO, EU, IEV, EPV, EZU, HEDJ, DRR, FEU, BUND, EWGS, EUFX, UPV, ULE, FEP, GERJ, BUNL, DBGR, ADRU, URR, DXGE, FEEU, FGM, BUNT, GGOV, EURL, DBEU, EURZ, FIEU
    | 4 Comments
  • Feb. 7, 2014, 2:09 AM
    • Germany's trade surplus slipped to €18.5B in December from €18.9B in November but came in above consensus of €17.3B.
    • Exports surprisingly fell 0.9% on month after rising 0.7% previously and vs forecasts for an increase of 0.8%.
    • Imports dropped 0.6% vs -2.3% and +1.2%.
    • Current account surplus €23.5B vs €21.6B.
    • The euro is flat at $1.3587, while DAX futures are +0.2%. (PR)
    • ETFs: FXE, EUO, EWG, ERO, DRR, BUND, EWGS, EUFX, ULE, GERJ, DBGR, BUNL, DXGE, URR, FGM, BUNT, GGOV
    | Comment!
  • Feb. 6, 2014, 7:49 AM
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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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